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Debt Consolidation Forums Payday Loan help forums

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

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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.

Sub: #1 posted on Sat, 10/13/2018 - 03:42

David Martin David Martin

(Posts: 388 | Credits: )

Revoke your ACH, and don't pay a single dollar extra as interest, pay only the principal amount.
Don't worry, they don't have the rights to sue you legally.

Sub: #2 posted on Mon, 10/15/2018 - 00:45

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

They can't sue you, they are illegal lenders. Pay the principal amount only.

Sub: #3 posted on Thu, 10/25/2018 - 06:24

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

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