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PDL ADDICTION

Date: Wed, 07/29/2009 - 09:43

Submitted by rubenmbon
on Wed, 07/29/2009 - 09:43

Posts: 3 Credits: [Donate]

Total Replies: 11


I hope i came to the right place. i'm desparate with a big number a pdl.And it's not the 1st time. Last year i was at the same situation, but had already paid almost 8 times most of the loans i had at the time. Being desparate went to my bank and they help me close my account after paying down my negative balance. Most of those companies kept calling me for most and finally stop except 2 that send me in collection (but they stopped also).
After seing how much i lost in that venture i decided to never do that again. But two most ago, here we are again: medical emrgency for me and for my daughter, insurance covering just part of the costs. I went back to the "crime scene" again. Right now all my paychecks are just for those guys plus i started borrowing more pdl to pay the present one. Glad i found this sit, I really need some help and i'm ready to go back to grad school this Fall.
I live in Maryland; the company i'am talking about are: usafastcash, the summit group,salaryfast,paydayone, centralcash,vipshoploan,pack management, east side lenders, iadvance.
i did two paiements already on each account but i'm bleeding.
I wanna pay that money but i cannot at once so please help some advices and suggestions.
oh by the way 3 of those guys are old lenders to me.
Thanks in advance for you help .


I live in Maryland; the company i'am talking about are: usafastcash, the summit group,salaryfast,paydayone, centralcash,vipshoploan,pack management, east side lenders, iadvance.
i did two paiements already on each account but i'm bleeding.
(copied and pasted from my 1st post).
They are all Internet companies.


lrhall41

Submitted by rubenmbon on Wed, 07/29/2009 - 10:02

( Posts: 3 | Credits: )


PDL are prohibited in MD, unless they are registered as CSOs. These CSOs are usually storefronts in most cases.

Quote:

usafastcash, the summitgroup, salaryfast,centralcash, vipshoploan,pack management, east side lenders, iadvance.


ILLEGAL - Contact the MD Attorney General office to further get information and guidance. They MD AG has been very helpful to other members here.

Quote:
paydayone


LEGAL - You need to contact them for a payment arangement ASAP!


lrhall41

Submitted by Cool_Abyss on Wed, 07/29/2009 - 10:40

( Posts: 2936 | Credits: )


If they are illegal in MD I would close the bank account or put a hard debit block on it. Then call all the PDLs and set up an EPP. If they are illegal you are only obligated to pay the principal amount borrowed with no interest fees, or rollover fees.

It sounds like you are to the point that if you dont put a stop to allowing the debits on your account you are just spinning your wheels. Thats why I suggest your secure your funds and make alternate payment arrangements.


lrhall41

Submitted by fatcat on Wed, 07/29/2009 - 10:56

( Posts: 171 | Credits: )


Sounds to me that the OP has a bigger problem than PDL's. They stated that they do not have the self control to avoid them. I would suggest that if you can keep an account open that you have a trusted friend or relative handle your finacial affairs. They need to be in control of the account and all documents need to go to this person. When you need money, you have to ask for it. When bills are to be paid, they write the checks. The PDL's are a sympton of a much more servere issue and you need to get it under control. If you do not have a person that can do this for you, contact you local Social Services Dept and they should give you a name or names to contact.


lrhall41

Submitted by PDLOwner on Wed, 07/29/2009 - 11:03

( Posts: 1049 | Credits: )


Thanks guys for the first tips.
Amount already paid:
Payday one ($200 paid $112); vipshoploan (500 paid 300); central cash (400 paid 208); salary fast (200 paid 60); the summit grp (250 paid 75); east side lenders (300 paid 180); iadvance (300 to pay on friday 90); usafastcash (300 to pay on friday 90) ; pack management (200 paid 60).

ok i will contact Payday one, what should do with the other guys?
Does someone has the MD AG office and MD Dept of Finance Regulation contact info?
Thanks


lrhall41

Submitted by rubenmbon on Wed, 07/29/2009 - 11:10

( Posts: 3 | Credits: )


I have been on this Merry go round for several years. Today I have 4 outstanding. I have paid several collection agencies hundreds over the principle.
Impact loan 400 pd back 1070 still owe 200 principle 4/03/09
Ace 300. 180.
First America 700 installment 70. from my paycheck 140. thus far
Payday One 400. none paid
Cash Net Usa...Old payday loan...350. 1500.
ASTRA 161.25 x 2 ...I don't know who the company is...collection
National Service same thing 1508.67
Speedy Cash lump sum 322.50 not sure what the deposit amount was

I get paid tonight and I dread morning to see who debted my account. My check is direct deposit. If the amount is still in memo post in the morning...is it to late at that point.

Thanks so much


lrhall41

Submitted by on Thu, 07/30/2009 - 14:49

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