Nervious about sending revocation letter
Date: Fri, 05/04/2012 - 06:11
I have been doing my research and follow posts on this site. so far I have had my bank put a hard block on my account, I have opened a new account at a new bank, I have contacted the MD Office of financial regulations and I have written my revocation letter, which included my plan to repay the principle balances on my 3 payday loans. I was planning to send them today, but now I am nervous and a little scared. What typically happends after you send these letters? How do payday lenders typically respond? I requested information from PDL consolidation companies last week before find this site and now they are calling me daily and telling me that it would be more beneficial to allow professionals to manage my pay lenders. I wonder if they are right or should I continue to try to do this myself.
Don't listen to the consolidation companies. They just want you
Don't listen to the consolidation companies. They just want your money and many of them are in cahoots with the payday lenders.
Why are you scared? You're taking control. Be proud of yourself!
Here are some things that might happen:
- you'll get a response from the lender talking about how your state's laws don't matter for one reason or another
- you won't be able to access your online account any longer
- you'll start getting calls saying you're going to be arrested for check fraud or served papers at your job
- you'll be told your paycheck will be garnished
None of these things matter. Nothing can be done to you. You just stick to your guns and TAKE BACK THE CONTROL!