Payday loan help in New Jersey
Date: Fri, 09/23/2011 - 15:14
I was in a really big bind and just took out 4 payday loans in NJ.
Magnum for 780.00
Plain Gree for 700.
United Credit for 500.00
Zip19 for 200.00
I realized now what a big huge mistake this was because I cannot afford to pay this back and all the interest. As I'm reading this forum I see that payday loans are illegal in NJ and I only have to pay back the prinicpal which I can try to manage but I cannot afford to pay back all of the interest, Plain Green alone is charging me 1800 dollars just for 700 which is insanity! Also I've been reading about a template that I can send to the companies, can anyone tell me what this template is? Also, I was thinking of closing my checking account and just sending them the money little by little in the mail with a check, is this possible to do? Any help would be greatly appreciated, I really need help and there is no one to talk to!! Thank you!
Payday lending is ILLEGAL in NJ. Close your bank account, and r
Payday lending is ILLEGAL in NJ. Close your bank account, and revoke your voluntary wage assignment. You only owe principal.
thanks
But is there some kind of form letter I can send to these companies stating I will only be paying the principal? Thank you for your quick answer too, I'm so happy I found this website!
Close your bank account BEFORE sending this letter.... FYI....Z
Close your bank account BEFORE sending this letter....
FYI....Zip 19 is offshore and is illegal all over the US.
Dear PDL.
It has been brought to my attention to payday loans are ILLEGAL in the state of New Jersey. I am revoking all ACH rights and hereby revoke any voluntary wage assignment I might have signed. Do not try to tell me that I am bound to the laws of your state or county because I signed on the world wide web. I now know the laws pertaining to these loans.
I will repay the principal, nothing more. Please email me a mailing address to send these payments. If you refuse to provide me with an address, I will not send a payment. All further payments will be made via a US funds money order.
Listen to Soaplady she is correct in what she says. If you have
Listen to Soaplady she is correct in what she says. If you have paid any monies on these loans tally up all monies paid and count them towards your principle make sure you secure your bank account!! I am in NJ myself and have dealt with all my illegal lenders it is a battle and they will harass you but don't give in stand strong!:D
address and form of payment
Thank you so much for answering my question. I just had one other question. How do I get the addresses to send them my payment(principal only) after I close my bank account? I've looked on their website and none of them have thier addresses? Also what form of payment should I be sending them, I certainly do not want to send them a check because I'm afraid they will use my bank account info. I was thinking of sending a money order. Is that a good form of payment? Thank you so much!
Yep???you can send them the payment through money order. It
Yep???you can send them the payment through money order. It???s a good form of payment and less risky.
