Do I pay the principle back? 2nd or 3rd time around.
Date: Mon, 03/28/2011 - 14:56
I'm in deep with 9 PDL's right now. I closed my bank account and will receive a lot of calls in the next few weeks. What happens if they constantly call my work?
I will follow what I have read on here by telling the PDL's to stop calling me and to send me a dunning letter within 5 days. Any other advice after that?
Anyway, the REAL question: I have had payday loans in the past with several of the companies I owe now. In the past, I have paid them all off, including the crazy interest that they charge. For example, I used Loanshoponline and took $500 from them in the past and paid them back $1,100 total on that loan. Now, I took another loan with loanshoponline for $500. It's coming due on April 1st and I'm not paying them. Do I have to pay them the principle of $500? Or do I have a leg to stand on because in the past I took out a loan from them and paid them already $1,100 on a $500 loan?
I paid them $1,100 total and took $500 from them twice. Does anybody understand what I mean?
I will follow what I have read on here by telling the PDL's to stop calling me and to send me a dunning letter within 5 days. Any other advice after that?
Anyway, the REAL question: I have had payday loans in the past with several of the companies I owe now. In the past, I have paid them all off, including the crazy interest that they charge. For example, I used Loanshoponline and took $500 from them in the past and paid them back $1,100 total on that loan. Now, I took another loan with loanshoponline for $500. It's coming due on April 1st and I'm not paying them. Do I have to pay them the principle of $500? Or do I have a leg to stand on because in the past I took out a loan from them and paid them already $1,100 on a $500 loan?
I paid them $1,100 total and took $500 from them twice. Does anybody understand what I mean?
I understand you perfectly. I took out 2 loans with Eastside Le
I understand you perfectly. I took out 2 loans with Eastside Lenders (had paid one off) and 2 with Integrity Advance (same thing). When I sent my ACH revocation letter, I included in the letter the fact that I had overpaid them on the previous loan and I was applying that overpayment to the present loan. Ended up owing $30 to Eastside. They refused to give me an address and insisted I owed them over $1000 for a $500 loan.
As to Integrity, they would have owed me a refund for a small amount but I figured it was best to be rid of them.
I understand what you are saying. From what I have been told on
I understand what you are saying. From what I have been told on here you can use the previous amounts torward the current loan
