legal lenders in Michigan
Today I communicated with
Today I communicated with Axis Advance and they have agreed to accept the payment to meet the principle loan however they are referring to it as a settlement, should I be concerned with that wording? They are also asking that I post date the payment and give them account information today, which I am NOT going to do.
You can always check online
You can always check online to find out whether or not a pdl lender is legal.
Don't agree for settlement
Don't agree for settlement and also don't share account details. Ask them you are going to pay only the principal amount.
Submitted by Sanders Patricia on Fri, 07/07/2017 - 06:22
We always advocate that you
We always advocate that you should pay the principal amount. But even if you don't, it isn't a big deal. So, don't bother about settlement. They won't report to the credit reporting agencies.
Money Messiah -Illegal
Money Messiah -Illegal
CashNet USA - legal
Axis Advance - illegal
Q-credit - illegal
Pay only the principal amount to illegal payday lenders.
Only cashnet USA is a legal
Only cashnet USA is a legal lender in Michigan, so, you have to pay the principal amount with the interest. Just, pay the principal amount to the lenders who are not legal in your state.
However, what is the amount? If your income is decent, you can pay it on your own.
Submitted by Sanders Patricia on Mon, 07/03/2017 - 06:00
I used debtcommand.com to
I used debtcommand.com to consolidate my loans. Worked out well for me they were able to reduce my payments and I didn't end up paying those lenders back the full interest that was originally not explained to me when I took out the loans. Hope it works for you too!
Maxlend is also illegal..I
Maxlend is also illegal..I emailed them the letter from the sticky thread..I revoked the ACH and closed the account. I had already paid back the principal and after several emails, they sent me a paid in full letter. I would definitely try to deal with them before doing a consolidation.
SF good work, Geraldine> I
SF good work, Geraldine> I hope you've got your answer :)
Mail them asap that you'll be able to pay back only the principal amount...
Thank you for your responses.
Thank you for your responses. Today I am sending letters to the illegal lenders to revoke my ACH and put them on notice that I will only be paying the principle which is less than $100 total. As soon as I have my letters printed up I am heading to my bank so that I make sure my account is closed and a new unlinked account has been opened. This has been a real learning experience for me and I hope that sharing my experience is helpful for others as well.
Oh no no..don't share any
Oh no no..don't share any account details with them...
Also they are illegal lenders, so if you are paying only the principal amount, they should consider it as "paid in full".
Mail them that you'll file a complaint against them if they mark it as a settlement.
Do you have loans with all
Do you have loans with all five lenders? If so, what is the total principal you owe?
Keep your stance. Let them
Keep your stance. Let them call you but don't pay them more than the principal amount.
Update: Payments would have
Update: Payments would have posted last week Thursday but thanks to the resources on this site I was able to keep my full paycheck and once again control my money. As of today I have made payment arrangements on one account to pay principle only and have started to receive phone calls from only one other lender...they state that they will continue until I have satisfied the terms of my loan paying them a total of 2500 on a 500 loan. I have requested that they communicate with me in writing and each time they call me I resend my original letter revoking the ACH and requesting return of my overpayment. Given this is the week after payments were not made I anticipate additional phone calls to start but i'm ready and will stick to paying only remaining principle.