Pay day loan help plz
Date: Tue, 05/18/2010 - 13:19
This how much I owe in each.
Ace cash 280
first cash pawn 280
check and go 130
my question is thus I tried to make paymnebs to store fronts and brought the amountsdown but what happens if I stop paying since they want it in full. Can they just hurt my credit rating ?
Can they take me to court for those low amounts. I can't affore
Can they take me to court for those low amounts. I can't affored more than 20 a month to each my hours had been cut at work enough . Another thing I had these accounts for months and was a good customer I'm sure they got their original money
They can take you to court after all of their other collection m
They can take you to court after all of their other collection methods have been used up and you haven't paid them the full contractual amount. If you have reason to believe that the interest rates are illegal, you should check with the Texas department of Finance to see what they are legally allowed to charge and file a complaint against them if they have charged you more than they can.
Ok I don't want to go to court but I don't have the amounts in
Ok I don't want to go to court but I don't have the amounts in full. What can I do? Is this just like defaulting on a credit card? Am I sol? I feel shifty enough
Yes, it can hurt your credit rating but, if you haven't received
Yes, it can hurt your credit rating but, if you haven't received a letter of collection via the mail yet from this collection agency I wouldn't admit to owing the debt over the telephone. The next time they call you, tell them they have 5 days after their first initial contact with you to send a dunning letter (letter of collection) thru the mail, that is a federal law (FDCPA). If they continue to call you without sending that letter in the mail, file a complaint against them with the FTC, BBB and your AG. Until you receive a letter of collection I would not speak to them anymore. Once the letter is received, you will have 30 days to send them a debt validation request (search the forums for a better understanding of debt validation). During the validation process all collection efforts MUST stop (also a federal law FDCPA), until they validate the debt. This will at least buy you some more time so you can pay these off so they won't go to court right away, it also assures you that the debt is valid and they have a right to collect it. It's your right to request debt validation, and EVERYone should, as a form of protection.
So they can and will take you to court for fees as small as I ha
So they can and will take you to court for fees as small as I have?
Quote:Originally Posted by AnonymousSo they can and will take yo
Quote:
Originally Posted by Anonymous So they can and will take you to court for fees as small as I have? |
They can, but the question is will they? It will really depend on where they are located. Based on your small amounts, if they are not in TX they will probably not bother.
Contrary to what another poster stated, the rates that these PDL's charged will not be in any violations. Do not waste your time on persuing that "option".
My advice would be to take care of the smallest balance and work your way to the largest step-by-step. If you have the cash, you can offer to settle for a lower amount. I would offer 1/2 the current balance, but it would need to be paid in one lump sum.
Good luck and keep us posted.
Here's an upDate. The check and go debt it to a third party call
Here's an upDate. The check and go debt it to a third party called national attorny collection. From what I hear these guys are real skumbags. Can I pay the store directly. The natinial attornies haven't contacted me so I rather not deal with them I don't need the stress