Hi! I have learned a lot on these forums and believe it or not, thanks to complete strangers and the great advice, I have decided my life is worth fighting for. I am a 50% service connected veteran with three outstanding payday loans (all internet lenders). I live in Ohio, and have the amazing support of the branch manager at Chase Bank where I do my banking at. I am wondering exactly what to do. My loans are going to attempt to collect on the 12th. I have already spoken with the bank manager and she is opening a new account with a deposit only hold. The old account is being closed out and due to the process they are closing it, it will NOT be able to be re-forced open for any reason. Luckily the branch manager's husband is in the military and she is very understanding to my situation. What do I do now? I know I must contact the companies to revoke the ACH transactions and I have seen several sample letters I know I could tailor to my situation. But do I mail them? Email them? Can I fax? I am working with a timetable as today is the 8th and they are scheduled due on the 12th. Any suggestions/ guidance/advice would be greatly appreciated. I truly believe this website saved my life.
LOANS OUT:
CASHNETUSA 575 DUE ON 8/12
LOANBYPHONE 230 DUE ON 8/12
PAYDAYONE 575 DUE ON 8/24