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Debt Consolidation Forums Payday Loan help forums

Help with pdl's about to default

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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




Hi gonnamakeit,

When I sent my letters, I used email and fax...I save the fax confirmations in case they tried to say they never received them.

Sub: #1 posted on Mon, 09/08/2008 - 12:34

dawnlango7 dawnlango7

(Posts: 1147 | Credits: )

shazzers should know about the last two,but CASHNET USA is legal and you will have to work something out.shazzers being in ohio as well should know if the other two pdl's are legal or not.

Sub: #2 posted on Mon, 09/08/2008 - 12:48

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15512 | Credits: )

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