Payday Loan Steps to get out
Date: Wed, 01/10/2018 - 07:44
Cash Central- 1288.00
CashnetUSA - 2152.00
Big Picture Loans - 780.00
Cash Factory - 280.00
SpeedyCash - 1905.00
Collections:
Rise Credit - 2104.00
I have been just paying the refinance fees
What are the first steps I need to take to resolve this?
From reading it seems as though I should revoke ACH authorization and contact the lenders themselves and ask to settle the debt. I have paid thousands of dollars to these people and would like to stop the cycle.
Big Picture Loans is not a
Big Picture Loans is not a legal lender. Cash Factory USA is a CSO in Texas. Find out if they offer Extended Payment Plan.
Pay only the principal amount
Pay only the principal amount to the illegal payday lenders. Talk to the legal leaders for an extended payment plan (EPP)
Cash Central and Speedycash
Cash Central and Speedycash both are legal in Texas. Cash Factory USA is also licensed as a Credit Access Business (CAB) in the State of Texas.
All but CashnetUSA have
All but CashnetUSA have honored the ach revocation. CashnetUSA says they cannot release the ach agreement without another form of payment. I believe this is illegal according to the thread about ach revocation?
CashnetUSA can't do it.
(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.
You need to go to the bank for ACH revocation. Did you go to the bank?
Hi Mike,
Hi Mike,
Please check this - https://forums.debtcc.com/paydayloan/trieddoing-achrevocation.html, I think this may solve your query. :)
Thanks