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I finally see light at the end of the tunel

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Well sort of, lol....I have made agrangements with two of my payday loan compaines for payment plans. :)

How do I tell the other payday loan compaines I can't do any payments with them till I get done with the other two, lol!

Should I send letters? They are not in collections yet so will a C&D letter even do any good? Loan Point is legal....

Legally speaking, the companies don't have to follow the C&D letter, as they are the original creditor and the fdcpa doesn't apply to them. If you are trying to convince these companies that you know the laws, you don't want to send something that makes it look like you don't . . . . Just my opinion.

Sub: #11 posted on Tue, 08/26/2008 - 06:52

goudah2424 goudah2424

(Posts: 7936 | Credits: )

Congrats on settling with the two! Doesn't it feel good to see the list of loans get smaller? Keep us updated on the other ones, I am trying to work with Loan Point USA and am always interested in seeing if/how other people get them to work out payment plans.

Sub: #12 posted on Tue, 08/26/2008 - 06:55

bea2ls bea2ls
(Posts: 3840 | Credits: )

Goudah, that's why I'm not even going to send them a C&D letter. I know they don't have to honor it.

Sub: #13 posted on Tue, 08/26/2008 - 09:21


This is from Impact Cash/Cash First. They will mark you paid in full if you have already paid the principal as they should not loan to PA residents. It is right on their website. It will get written off.

Residents of Utah, Colorado, Georgia, New Mexico, North Carolina, Ohio, Virginia, West Virginia, Pennsylvania, New York, Maine, Vermont, Massachusetts, Connecticut, New Jersey, Maryland, and Puerto Rico are not eligible to apply for a cash advance on this web site.

Sub: #14 posted on Tue, 08/26/2008 - 10:09


That's what I tought b/c their(cash first) website said that PA residents aren't able to I only own them $30.00 more dollars. I paid 270.00 in fees. They have not called yet and when I log onto the site it doesn't say anything about collections.

Sub: #15 posted on Tue, 08/26/2008 - 10:47


I have 3 loans with and are they illegal in MA state.

what should I do to get out of this loan? can afford to pay them anymore, I dont want to close my account?

dont know if my bank will stop ACH. my bank is Bank of America.

Sub: #16 posted on Tue, 08/26/2008 - 19:14


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