These PDL debts are snowballing my life! HELP!
Date: Sun, 06/27/2010 - 12:07
Store Front
. ACE $300 principal, Payment is $41.25 every two weeks
. Check n To Cash $300 principal, Payment is $45 every two weeks
. Advance America/CashNetUSa $300 principal, payment is $45 every two weeks
Online
. Fast N Reliable $400 principal, Payment is $108 every two weeks
. Zip19.com $750 principal, Payment is $150 every two weeks.
In addition to that, my bank has a Direct Deposit Advance feature and Principal is $500 and the fee is $50 when your paycheck is direct deposited into your account. But since I cannot afford to pay it off I reborrow. But if anything is direct deposited into my account besides my paycheck after this...they will deduct it again. So sometimes my payment is $100-$150 every 2 weeks!
I have had all of them for at least more than a year. At one point I had 9 PDLS but I managed to pay almost half of them off...at the sacrifice of all my regular bills being 2-3 months behind. I used to have good credit before 2009 and now its very bad. I can't get approved for anything.
To make matters worse, I forgot about a bill that is automatically deducted so my account bounced alot of my bills and now I am -$504 in my bank! I get paid at the end of the month so I can cover that but that ties into my rent which is due on the first plus the interest payments on the 5 loans plus the bank "advance" on the first. Which is less than what I get paid at the end of the month.
To make matters even more worse, I'm possibly getting laid off on 7/13 and my landlord sold the house I live in so I have to move out by 7/30.
Which makes it impossible to pay my rent for the last month I live here (july) and come up with money to move into a new place and because I have bad credit ... plus I'll be laid off.
These PAY DAY LOANS have ruined an otherwise great life!!! Help please I don't want to lose my car either cause I can't even afford to pay the car registration fees that's already due this month plus it needs car repairs soon before it dies on me!!!
Typical response. If it were me, I wouldn't negotiate ANYthing w
Typical response. If it were me, I wouldn't negotiate ANYthing with them. If you don't owe them anything, don't pay them anything.
Quote:Originally Posted by ShazzersTypical response. If it were
Quote:
Originally Posted by Shazzers Typical response. If it were me, I wouldn't negotiate ANYthing with them. If you don't owe them anything, don't pay them anything. |
I dont know what to do at this point?
Reply via mail stating how much they owe me in interest that they charged me illegially?
Or what im confused. im not good at this.
Quote:Originally Posted by Jen GeeI dont know what to do at this
Quote:
Originally Posted by Jen Gee I dont know what to do at this point? Reply via mail stating how much they owe me in interest that they charged me illegially? Or what im confused. im not good at this. |
Definitely PUSH for a refund, meanwhile, file complaints against them with the FTC, BBB and your attorney general.
Okay I will right their canada address and push for the refund.
Okay I will right their canada address and push for the refund.
WHen I sent the original email (based on the template i mentioned above) that's when I already filed with the FTC, BBB, and attorney general.
Should I do it again?
Out of curiousity, Is there a statute of limitations that companies like this can seek payment (the legal ones lenders)
No need to file again if you've already done so. You need to ke
No need to file again if you've already done so. You need to keep in mind that these people are operating illegally. Do NOT pay them more than you borrowed. If you've paid it in interest, you're done. SOL on legal loans depends on your state. In CA (which is where I think you are?), it's 4 years from date of last activity for written agreements.
Well I guess I'll push for a refund then Debt Samaritan. I mean
Well I guess I'll push for a refund then Debt Samaritan. I mean I originally took out a loan in 2009 and have been revolving it since then...meaning I pay off the entire amount and reborrow becuase of the high interest and I've been "reborrowing" eversince. I guess I need to calculate what I've paid in interest since 2009 subtract the original principal amount and whatever the balance is, is what I'm going to push for them to refund me.
What can I say to them that would make more of an impact. Like what can I say about them owing me all the interest i have paid because they operated illegally or something like that.
Im not sure exactly how to word it.
Jen Gee - I have been where you are. CLOSE YOUR ACCT IMMEDIATEL
Jen Gee - I have been where you are. CLOSE YOUR ACCT IMMEDIATELY . These idiots are not legal in your state (nor in mine). Let your bank know that these people are doing business illegally & that should help them understand. Thes eidiots do not have a legal leg to stand on & they know it. At least they won't be hitting your acct & keeping you in the red. DO NOT tell them you are closing your acct before you do so. They will strip it of everything that they can get their hands on.