PDL Assistant

I've not dealt with them personally, but according to some of the other members who have, they have been thrown a few curve balls here and there. I think the one thing that bothered me the most about them is the fact that they won't even begin making payments until they have all the money owed on hand? Not sure if that is true, but I read it from one of our other members somewhere. Anyway, hopefuly someone who has experience with them will be along to give you a hand. Good luck! :)

Welcome! You should read this informtion to make sure that you have all of your bases covered regarding your closed bank account:
http://www.debtconsolidationcare.com/paydayloan/close-account.html

Good luck!

I started the process with PDL Assistance, but have decided to handle the loans on my own. There are a few things that did not set right with me.
First of all, the difference between PDL Assistance and Langhorne is that Langhorne will allow you to handle the money yourself in your own account until it is time to pay them each month.
PDL Assistance makes you open an account with another bank.
PDL Assistance gave me a LOT of mixed information that caused greater stress and confusion, for example, the original rep told me there was no way I would have to close my bank account. He told me this 4 times. I told him the rep from Langhorne told me up front that the first thing I needed to do was close it. He said "They don't know what they are doing, see we're better!" I should have stopped there...

They lowered the amount of the fee from $200 to $150 for me. He said if I paid the money that day, they would send out the "welcome kit" right away. The welcome kit consists of information that can all be found right here.

I did not get the kit for almost 2 weeks after that. So in the mean time, I was forced to close my account, which I should have done anyway. When I called to complain, the phone ran busy for 2 solid days. I was in a panic by that time and started doing research on PDL Assistance and that is how I found this site: In a google search! I sent several emails and finally got a call back on the 3rd day. But by then, I was very leary.

Weigh it out and think about very seriously before you make the decission. I am sure they do what they say they do, but I for one didn't like the idea that I have to call the Payday loan companies and tell them that they must call PDL Assistance.. Langhorne will call them for you. I also don't like the hidden fees. They tell you it's a one time $150 or $200 fee upfront, but they almost half of the "settlement" amount is a service fee. $96 a month for mine.
It might be worth it for some people, but for me it wasn't. Not with the help I got here. So I can say at this point, it looks like this wonderful site has saved me $170 a month for the next 6 months... that's $1020!!!!

Take your time and think about it. I'm very happy I did!
Jen

Thanks, Jen. I am re-thinking the PDL Assistance, however, I am a little overwhelmed with what would be necessary to take care of these outstanding loans.

Leslie,
I completely understand. I was exactly where you are now about 2 weeks ago. I mean exactly. I had not missed any of the payments to the pdl's until I had signed up with the company.

The people here are friendly and helpful. It's a great community. I've not been here long, but I'm thrilled I found them! That money I would have paid PDL Assistance is going toward paying off my gas bill so I can lower my budget amount!!

Check out some of the other threads and post all your information so they can help you here. That much doesn't cost you anything and you might find out something that saves you a lot of stress and money :)
Jen

Here is typically what you would do wither you hire PDL Assistance or Langhorne or any other pay day loan settlement company or if decide do it on your own.


First you would want to go into you bank and speak with the Branch Manager and have them put a ACH block " also known as a Hard Hold " so these Pay day loan places can`t get any more money from your account.Eventually you would want to close that account , but the hard hold will stop the pdl places till you can close the account.
These accounts will have to be delinquent typically for the PDL places to negotiate.

PDL Assistance or Langhorne or any other pdl settlement company will work with you to establish a savings program that will be used to pay off your debts over a period of usually 6 to 12 months. Both PDL Assistance and Langhorne hold the money in another account so they make sure you don`t spend it when you need to be saving it to use to eventually settle with the pay day loan companys. You will have one monthly payment and the amount you will pay back is typically between 30% and 60% of the amount owed when you joined the program. These companies have bills to pay just like you so yes they charge some fees up front and it could take 60-90 days sometimes for your first settlement. You will save more money doing this on your own and this site has all the info you need if you want to try and do that.But if you don`t want to deal with the hassle of settling on your own you may want to hire a company like PDL Assistance or Langhorne to help you but expect it to take a little longer to rid your self of the debt because you will pay some fees to these companies who do all the dirty work for you.

Either option is good depending on what you want to do. :D

mooreleslie79 the good people here in this community are very knowledgable and willing to walk you through the process of getting these loans taken care of, however, that is a decision only you can make for yourself. Whatever you choose to do, we will still be here for you. Take good care, and good luck! :)

I want to take care of this and stop this awful cycle. How do I start?

Furnish us with the following information, then we can figure out a good course of action for you. Since you have already closed your bank account, we know your money is safe and secure. The next step is to list the following information so we can research whether you are dealing with licensed or unlicensed pdl's. :)

-Name of pdl
-Internet or Store front.
-How much you borrowed
-How much (in total) you paid back
-The state you live in.

I certainly don't want to give the wrong impression. Things always look worse when you're under a lot of stress. I do think those assistance companies are good for people who don't want to deal with it on their own. I just wanted to share my experience. I do think that in some cases it is worth it to pay someone else to deal with these people. They can be awful to deal with.
Jen

-Name of pdl:

Ace Cash ASAP - Internet
Little Loan Shoppe - Internet
Pay Day One - Internet
Pay Day Max - Internet
Think Cash - Internet
Cashnet - Internet

-How much you borrowed & paid back:
Ace Cash - $400 / 0
Little Loan Shoppe - $300 / 0
Pay Day Max - $600 / 0
Pay Day One - $1000 / $556.85
Think Cash - $1250 / $1414.05
Cashnet - $1500 / $547.28

-The state you live in. Texas

Oh boy, Texas, the state I always have problems decyphering the CSO's from the PDL's. :? Don't mind me, I get all confused about the CSO and PDL thingie. OK, let's start with your laws below. Here they are, and you may need them to copy and paste into emails you will need to send some of these pdl's. :) I am placing a link here, this link is to search the licensee data base to see if these pdl's have a license to lend in your state. Although, I'm not sure, they may only need a license anywhere in the US and still be allowed to lend to Texas residents also, anyone know about this? Please jump in and clarify if ya will.
http://168.39.159.59/default.asp
You will find the Payday loan laws for Texas here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I may not know how to do the search on the license because none of these PDL's are showing as having licenses in Texas.

Welcome, fellow name sharer! I too considered having someone "negotiate" for me but I didn't like the way it would be handled and I didn't like the attitude I was getting. On top of that it was going to cost me big bucks to settle 5 PDLs, 2 of which were already PIF. I jumped in and within 3 months I had all 5 cleared. It does take determination and time but it can be done. I have never gotten into the interpretation of state laws so I always leave that to those who have. Follow the step by step on here and you will be okay.

I am already getting phone calls at my work from these people. I recognize the numbers and have not picked up, however, I'm nervous that they'll call my supervisor. Also, will they call the people listed on my application?

I've seen a lot of people here post that you should send something to them telling them they can only contact you via email or usps. I did just that and the calls stopped. :) I just mine via email.
Jen

I just received this e-mail. I don't even know who Credit Protection Depot is.

Credit Protection Depot
1-866-645-1661

CLOSED ACCOUNT WARNING


We have received information from your bank that you have closed the account, which you authorized to be debited in order to repay your legally binding loan obligation. We consider this to be a refusal to repay your debt and will immediately initiate action to protect our interest. We must require that you render your payment in the amount of $677.29 via western union quick collect or moneygram immediately. This payment reflects your balance as of June 24th 2008.

We may also initiate other action, which may include, but not be limited to, obtaining legal representation, (which would create additional charges to you), if we do determine that a request be made for service or a court appearance for a possible judgment be issued against you for the repayment of this legally binding debt.

Depending on the circumstances surrounding how you obtained the loan, we may also initiate internal investigation to ensure all information submitted on the loan application was accurate and not done fraudulently in order to attempt to obtain a loan under false pretenses.

You need to go to Western Union and get the BLUE QUICK COLLECT FORM (or go to www.westernunion.com and choose the quick collection option)

1. COMPANY NAME: CREDIT PROTECTION DEPOT
2. CODE CITY: OFFER (ONE WORD NO SPACES).
3. STATE: NEVADA
4. ACCOUNT #: Your Social Security Number
5. The reference # is Your Telephone Number


You can also use your debit card or various charge cards at www.westernunion.com

OR you can go to Moneygram and get the BLUE EXPRESSPAYMENT FORM
1. The Company name is: CPD-OFFER
2. The Receive Code is: 4243
3. The City is: Las Vegas
4. The State is: Nevada
5. The Account Number is: 1431278043


If you are unable to pay $677.29 for the entire balance on the loan then we must require a minimum payment of $225.76 place the account on hold.

If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with costs involved for the collection of this debt.

Please call us immediately with the Control Number of your wire in order to update your account and to avoid other action and charges to you.

I would highly suggest you call 1-866-645-1661 to resolve this matter immediately. This is the only way for you to resolve this very serious situation, which you have initiated. Your failure to do so may result in the above-mentioned action being taken

Thank you,

Credit Protection Depot

I found out it's Pay Day Max.

Credit Protection Depot is Payday Max. I'm fighting with them myself right now.

Ok stay calm :D CPD is full of crap..lol. First off they cannot obtain a judgment against you for a PDL. Second, they are ILLEGAL as heck!! They are collecting for PayDayMax which is located in Canada. Highly ILLEGAL :evil: Have you paid anything to PayDayMax yet? If so that counts towards the principal. I have dealt with them and others here on the forum. They are known for settling for the principal amount owed. You will need to send them a letter stating your intent to pay principal and make sure and list your state laws in there as well. Just point out the fact you are know educated of your legal rights and obligations in your state.

And don't forget to include the cease and desist in your letter. I've also seen people post that you should tell them they are not authorized to contact your references or your employer. I'm not sure if that does any good or not.

And make sure that you revoke any wage assignment agreements that you may have made.

[color=Green]You said:
-How much you borrowed & paid back:
Ace Cash - $400 / 0
Little Loan Shoppe - $300 / 0
Pay Day Max - $600 / 0
Pay Day One - $1000 / $556.85
Think Cash - $1250 / $1414.05
Cashnet - $1500 / $547.28 [/color]

Ok Think Cash, Cashnet, PayDayOne, and Ace Cash are all LEGAL and Licensed. Aslo Think Cash is not a PDL but a "installment loan" company backed by a bank. You will need to contact them directly to try and work a paid in full agreement due to you paying them over the principal already. You should also be able to set up arrangments with PayDayOne, Cashnet, and Ace Cash.

Little Loand Shop is full of crap as well. They claim they are licensed in Utah and they are an "installment loan". They ARE NOT :evil: Be cautious of this they will try and drain you for 10 equal payments of $90. You need to send them letters as well stating your state laws and your intention of paying ONLY amount borrowed. You also need to file complaints with the AG office of your state and the BBB.

I called Think Cash and got no cooperation. The person I talked to said they handle Think Cash and Pay Day One, both. Think Cash is an installment loan and there is nothing they can do. Any suggestions about the next steps to take?

I'm getting more and more scared after reading these posts. I know you all have seemed to made some progress with this, but it all seems pretty hopeless right now. Payday Assistance is supposedly going to help me with 3 of my loans, the other 3 I haven't made any payments to and they say they can't help with them yet. I'm afraid to call them because honestly I will have a really hard time making payment arrangements. I just don't have the extra money to pay them. I don't know what to do. Any words of encouragement or suggestions would be really appreciated.

Mooreleslie79, to tell you the truth, the only way to get the PDLs to accept your payment arrangments or even negotiate is to default on them. Once they are on default status they will be more open to getting there money back and might be easier to deal with. Do not get me wrong, you can call them ahead of time and see if you can work out something, but use Caution in this. If they know you will default, they will sometimes debit the entire loan amount. Is your bank account closed yet?

My bank account is closed. I think, for now, my money is safe. The 3 that I am suppose to handle myself, all have tried to debit the old account and I've gotten e-mails from them saying they are in default. I'm now considering this other debt consolidation co. I've seen mentioned on this web site calaled Town & Country. I'm just trying to keep from drowning.

Town & country is a good PDL settment company, and they have helped others here on the forum. My advice if you are not comfortable with doing it yourself, then hire a outside company. I do not understand why PDL Assistance is turning away the unpaid PDLs :? Anywayz, if do a search on this forum and you will see more advice in handeling those three PDLs. Keep your head up we all have been there and succeeded. :) I myself had 11 PDLs 2 months ago, and I am now PDL free! :P

Wow, just 2 months ago and now you have none?

Yes, no lie :D They were all ILLEGAL in my state, and only 1 out of 11 were licensed. Also I overpaid 7 of them by hundreds. I got 2 refunds and 6 "PIF" so far. The rest of them were offshore, so they eventually gave up and never called me at all :) To tell you the truth I never got harrased or anything from any of them when I defaulted, I guess God heard my prayers. Believe me it is not always as bad as you think it will be. So that is why I say you can do it yourself! :wink:

Yes, my friend, it can be done. I had 5 PDLs when I came here in February and as of the beginning of May, I have cleared all of them. I am in New York State and they are illegal here so I think that helped my case along. I had one offshore and when I finally got to the administrator, she apologized for the way I was being treated and squashed my loan with $293 still owing! 2 were with MNE and the other two were affiliated with Credit Protection Depot. A few letters, a few faxes, a call to their processor/administrator and their bank, and away they went! I agree with anyaroberts, it might not be as bad as you are envisioning. Hang tight. This too will soon end.

I live in New York and PLDs are illegal here as well. I came here in February with 5 PDLs and beginning of May I had none! I received one phone call from CPD about my MyCashNow and PayDayMax account. I immediately faxed over my C and D letter to one Mr. William Reed and the next thing I knew I had a PIF on one and the other a PIF with just the remaining balance on the principal being paid. If you really need a boost, ACHC processes for PayDayMax. I had one offshore and I actually got a very nice letter from the administrator, (once I located an email address for her) forgiving my loan for all the grief they gave me. That was a $293.00 savings on my part! I never once went into this expecting not to repay what I borrowed but the heavens were looking out for me and poof. . . .they were all gone! You can do this yourself. Just follow the advice you are given on this board.

I Agree fully with llw, I came here in May with 11 PDLs and I now am PDL FREE!! Thanks to the help of all the members on this forum. It took a lil leg work, but it saved me thousands LITERALLY, and I have peace of mind! Well after I got my "PIFs" they tried to convince me into reloaning, I couldn't believe it..WoW! If a PDL ever contacts me in the future offering their services, I will FLIP MY WIG :x Stay strong, Do your research, and Stay Positive! It will all pay off in the end! :P

Sorry bout the double post! Anyaroberts. . .I still get emails every day offering me a "great deal". The only great deal they could offer me would be no deal at all! I've learned my lesson the hard way. Now, if I can't pay a bill or I need something, it waits until I have the hard earned bucks to pay/get it.

I paid off ameriloan and United Cash Loans, within a few days I was receiving emails stating that because I was a "preferred customer" and had paid off my loan I was eligible for more money...

Don't Do It :lol: I received the same thing! Funny thing is I took these loans way back in Feb and never reloaned, just kept paying exstension fees. When I wised up on how much I payed them I had enough and closed my bank account. Never Again :x

Oh, believe me, I will not be taking out any more loans...its nice to have control of my paycheck once again.

OMG... I have gone into this PDL spiral and if I don't get out of it soon I will end up losing my house and car. I originally took out one then paid it back, then two and paid it back, but then I hit a rough patch back in the fall and now here it is July and I have 11!!!! Help!! I have been reading through the post here and I see there is hope. It took me over an hour to sit down and gather the information requested so here it is....if any of you have any information on any of these lenders and the best course of action please help!!!

All of these are Internet Based by the way...

United Cash 200/ pd $180
Upfront Payday 300/ pd 360
ameriloan 300/pd 500
Arrowhead Investments 300/pd 270
MyPaydayLoan.com 450/ pd 874.88
247 Advances 200/ pd 375
Payday 2 Go 200/ pd 375
GRC Funding 300/ pd 450
B & L marketing 300/ pd 450
Upfront Payday 325/ pd 300
Impact Cash 300/ pd 300

I forgot to add I live in Indianapolis, Indiana

Just sit tight & someone will be around to assist you. This website has been a godsend and has helped me deal with all my payday loans...

Hi Cardshk,
I am going through the same thing right now. I also live in Indiana. Do some research on this site, you will find a TON of knowledge!

Here is the laws that I found on this site for Indiana:

You will find the Payday loan laws for Indiana here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html



The first thing I would do is stop the withdraws from your account. Read some of the other post on this. Namely this one: http://www.debtconsolidationcare.com/paydayloan/close-account.html Talk to your bank, don't be embarrassed or ashamed, my bank was great working with me.

Second, send each of your pdl's an email telling them they may not contact you any way other than via email or USPS. Here is a sample of the email I sent to all three of mine:

Quote:

Thanks Jen for the info. I am curious as to who you bank with that has been so helpful. I bank with National City. Thank you for all the specifics you included. As soon as I can find out whether or not these companies are legal in Indiana I will get on this!

I bank with Midwest America Federal Credit Union. I did have to close my account.
Upfront Payday was one of my pdl's and from what I know, they are not legal here. I hope it goes smoothly for you, as it has for me. It really was a blessing to find this site :)
Jen

So do I need to close the account prior to notifying the PDLs that their service is illegal in my state?

Close the account before you give the PDL any indication of what is coming down the road. If they suspect at all, they will go in and take whatever they can. After the PDLs took their monthly payment, I immediately closed my bank account and then I sent my C and D letters. I said nothing about anything until my bank account was closed and my money was safe.

Sorry bout that. . .the guest post was from me neglecting to sign in again!

Definatly take care of the bank first. Otherwise they will just continue to take more money from you.

I received another email from Upfront Payday today. It just shows you how they operate. Can you say DUH!?


[quote]LOAN PAID OFF


Dear JENNIFER BAILEY,

Congratulations! Your loan has been paid off as of 06/27/2008.

We would like to thank you for using Upfront Payday LLC for your financing needs. Since you have handled your previous loan(s) in an outstanding manner, you could be eligible for a new loan up to $500.

Please visit our website at www.upfrontpayday.com or contact a live representative at 800-474-2909, Monday to Friday 8am ?????????????????? 9pm EST to complete an application.

Sincerely,

800-474-2909Customer Service
upfrontpayday.com
800-474-2909
[email]admin@upfrontpayday.com[/email][/quote]
Jen

Congratulations Jen! Good work!

More encouraging news!!!

July 2, 2008

2 down 1 do go! Plus a $175 bonus that makes up for the money I paid to PDL Assistance!!!
My words of advice...
DON'T GIVE UP! Keep researching, keep asking questions, and keep trying! It pays off. Thanks again to all of you!!!
Big kisses
Jen

I forgot to mention, I emailed him back and told him I will sign the agreement if he agrees to mail the refund to my home address, as the bank account has been closed. There is NO way I will give them my new checking account info..
Jen

Way to Go Jen! I just got my 3rd refund fron AIP yesterday :P :D