PayDay One
Date: Tue, 09/02/2008 - 15:25
Hello again. I live in PA so PDL's are legal as long as they are liscened in another state. PayDay One is in the state of DE. I started with a balance (which was originally transferred from PayDay OK) of $528.75 back in Dec. 2007. I received 3 small increases since that point to a principal balance of $750. When I defaulted, back in the middle of August, according to their site my balance was $1140. I have paid $1468 on this loan since 12/2007.
I, of course, sent them a letter asking if we can do something about this balance and bringing it down a little since I've paid so much. Here is the response I got today:
Thank you for your recent fax. We have reviewed your request for a payment plan
and offer the following:
Your total balance due as of Tuesday 09/02/2008 is $1,365.00.
The payment plan is:
Payment (1) $ 227.50 due 09/12/2008
Payment (2) $ 227.50 due 09/26/2008
Payment (3) $ 227.50 due 10/10/2008
Payment (4) $ 227.50 due 10/24/2008
Payment (5) $ 227.50 due 11/07/2008
Payment (6) $ 227.50 due 11/21/2008
Please let me know if you accept this offer.
Would you accept this offer? I'm thinking I respond back and ask if this is the best they can do. That's almost $500 a month, a lot of money that I can't really afford to pay.
Any thoughts??
Thanks again,
Diane
I, of course, sent them a letter asking if we can do something about this balance and bringing it down a little since I've paid so much. Here is the response I got today:
Thank you for your recent fax. We have reviewed your request for a payment plan
and offer the following:
Your total balance due as of Tuesday 09/02/2008 is $1,365.00.
The payment plan is:
Payment (1) $ 227.50 due 09/12/2008
Payment (2) $ 227.50 due 09/26/2008
Payment (3) $ 227.50 due 10/10/2008
Payment (4) $ 227.50 due 10/24/2008
Payment (5) $ 227.50 due 11/07/2008
Payment (6) $ 227.50 due 11/21/2008
Please let me know if you accept this offer.
Would you accept this offer? I'm thinking I respond back and ask if this is the best they can do. That's almost $500 a month, a lot of money that I can't really afford to pay.
Any thoughts??
Thanks again,
Diane
HOW??? What would you say???????? What would you counter offer?
HOW??? What would you say???????? What would you counter offer?
Thanks,
Diane
I would just reply back saying you cannot commit to that payment
I would just reply back saying you cannot commit to that payment plan because the payments are too high, and counter with a more affordable plan.
I would do what you can afford. This is a legal company, an
I would do what you can afford.
This is a legal company, and you will have to pay off the balance. The longer it takes you to pay it off, the longer you have to deal with this problem. I would pay them off as quickly as possible.