HELP!!!

Anaka,

1) Who do you bank with?

2) Both of these companies operate as CSO's in Texas so the payday laws don't apply to them.

This is what I did with Cashnet USA. I put a stop payment on their normal amount and they came back the next day with two different amounts (all were returned). After that I was able to block them from my bank account as unauthorized. Your bank should be able to block a company as unauthorized to debit your account. But beware, they are legal and will collect. You need to work out a payment plan with them. They tried to tell me today that I had to have a bank account, but I refused telling them that my account was frozen and I wasn't getting another one. Hold your ground, they will accept payments via moneygram or western union.

You also need to send an ACH revocation letter and take a copy to your bank. My bank told me they have to honor an ACH revocation and that gives you grounds for blocking a company from debiting your account. I have Capital One and they have been awesome, so I haven't had to "close" my account.

I bank with First Bank. The revoke letter is that something that I write myself or is there a form I need to get from my bank. If they are CSOs will PDL Eliminators help me? Do you know anything about PayDay One? Sorry for so many questions, it is just that they are draining me and I have small children to worry about.

Payday One is a legally operating company, I have dealt with them before, they were fair with me.

Anaka,

I am not sure about First Bank. The ACH Revocation letter is on this forum somewhere, I will see if I can find a link for you. Send it to them via email and certified mail and keep a copy for your bank.

As far as PDL Eliminators, I am not sure if they work with CSO's.

If First Bank won't work with you then close your account if you can, let the loans go into collection then work out a payment plan. CashNetUSA let me split it up into three payments and pay by moneygram.

Ok how about PayDay One, do I do the samething with them?

Do I need to do the same with PayDay One?

I haven't worked with Payday One, but I would assume they will work with you the same.

Shazzers can maybe offer advice on that one.

I wrote the letter today and I will keep you all postes on what happens. Thanks for every thing.

my son has incurred about 5,000 in debt, he working 2 jobs but not enough $$ to pay all the bills he has, my suggestion would be debt consolidation, especially since one credit card has an outrageous interest rate.

thanks for your advice.

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