Is it still ok to do this?
Date: Sat, 06/02/2012 - 05:23
Before I send out all my C&D letters and close my bank account, I have 4 online pdl's that I have receieved the loans for but they have not yet taken out even the first payment on each. I found out they are illegal anyway, but even so I won't be able to cover them (since I have 7 more at the same time!) Can I still close my account or should I wait and just let the stupid things default? Can I expect serious ramifications from this? The lenders are as follows as well as their principal amounts (just listing the ones haven't paid yet): Oakwood Services - $200 princ., Excel Management - $200 princ., Ameriloan - $450 princ., and Magnum Cash Advance - $400 princ. I have dealt with Magnum in the past and have successfully paid them off but stupid me just had to use them again, but now I'm over my head with these things.
Oops...forgot to mention that in my C&D letters to the not-yet-p
Oops...forgot to mention that in my C&D letters to the not-yet-paid pdl's that I wrote specifically in these letters that even though I haven't made any payments yet I am still willing to pay on the principals. Would that help at all?
