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Ameriloan will not take my prepaid debit for the payment I owe them.

Submitted by Lewis547 on Fri, 10/12/2018 - 10:06
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Ameriloan will not take my prepaid debit for the payment I owe them. I know they are illegal in Wa State and the guy on the phone says he will not take a payment unless it is in full. I only borrowed $550 and I know I have to pay all the principal but I have closed my previous account and am no way giving them the info ever again. So how do I make a payment with them?? He said I was illegal because I signed the document. I just want to pay the principal and send them the revoke. They are on the wa state dfi list for illegal lenders. Help??


Take the following steps to deal with the payday loan lenders:

Revoke the ACH authorization first. Don't wait for their permission.
Send them a letter to inform that you will only pay the principal amount. Nothing else. It's up to them if they want to accept your payments.
If you really want to make a payment, pay with your prepaid debit card. That's it.
You're not illegal, The lender is illegal.


Submitted by David Martin on Sat, 10/13/2018 - 03:42

David Martin

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