PDL trouble

This is my story:


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Hi. I am new to the site and need HELP. I have way too many payday loans. How do I consolidate them? How do I get out from this vicious cycle? How do I save myself from losing everything I own? At this point, my entire paychecks are going towards fees..over $750 bi-weekly. My marriage is suffering and I can not sleep at night. Please...if anyone has any info, please help me. I have heard that Tandamp;C will help, but I do not know how to contact them...Thanks in advance for any advice. Amy

If anyone wants to see the previous posts, please look at my old thread...you can't respond as the site is locked, but please feel free to comment on here. I'm sorry I can't post all of them, but I can't seem to figure it out without posting extra stuff. Thanks all!!!

I'm helping Ami move the info over so that it's all on this new thread . . . .

Quote:

http://www.debtconsolidationcare.com/paydayloan/multiple-lenders.html

That is the link the the other thread . . .

Ami - I think all the pertinent info is here now. If some of the advice gets repeated, well, that isn't going to hurt anything!

Good point, Ghouda!!

This is my last post from my previous thread...I wanted to make sure ev1 saw it:

Everyone, as I have said many times in the last few days, I truly appreciate each and every one of you. Your advice has been priceless and has helped me feel like I am NOT a horrible person after all and that there IS hope at the end of this PDL tunnel.

Ok...that being said, let's all work together and help get people like me out of this situation. I know there has to be so many more people in this boat. If we help each person who needs it, we are one person closer to getting rid of these sharks. I need this groups help and support...and I know there are more who do also. I want to get this situation under control so I can be a wonderful supporter like all of you.

Thanks again so much. Together we can make a powerful force...let's gang up on these sharks and make a difference. Agreed?

Thanks again all. Amy

Well said!

Ami, I am so glad that you are feeling better. You are by no means a horrible person. So many of us have been in your shoes. You are going to come out of this feeling so much better.

Ami,
I felt embarrassed and ashamed of what I had done but the bottom line is that it is the nature of the beast to rob "peter to pay paul" to keep things afloat. WE have all had to that at one time or another probably even before we had PDL's. My point is that you have support here and we are all in this together. We just didn't know about each other until now. WE

Ok...the phone calls have begun..:( CTC called me today and threatened anything and everything, including making sure I NEVER got a checking acct again. Any ideas on how to handle these? Also...I noticed that CashnetUsa sent thru debits again...even though I had canceled them Thursday. Any ideas???? Please help!!

Ami have you closed that checking account? If not do so IMMEDIATELY! And send a wage revocation to cash transfer center and your hr department IMMEDIATELY. Thes scum bags will continue to debit your account uless it is closed. File a complaint with you ag, FTC, FBI Homeland Security - go to the ICE link - they investigate cyber crimes. CC all of your pdls ithe the complaints so that they know that you are serious and mean business.

Ami, good advice from irish. CTC will not keep you from opening another checking account. They aren't even in the US so I highly doubt they use Chexsystems. If you have problems opening a new account, let goudah know. She can find a bank in your area where you can open a new account. Do what irish said because they will contact your payroll department and try to exercise their wage assignment on you and file all the complaints with the people listed above......this company really needs to be brought down!!! When you close your checking account make sure that ach debits won't reopen it. If they say they will, ask them to put a hard hold on the account so nothing else can go through.

Oops...I forgot to mention that I know that CTC is full of sh** about the checking acct thing...I just opened a new one today.

No, I haven't closed my other acct...I am afraid to cuz it's sitting at a neg balance cuz of this sh**.

Grrr....feeling kind of frustrated.

More than likely the bank will not let you close the account because it is negative. At least you got a new one opened. :) My account was negative due to the pdls also. It was $587 I think overdrawn....eventually the bank closed it for me. I would talk to the bank and let them know you are having problems and see if you can make payments to get the account back to a zero balance, that way they won't close it and report you to Chexsystems and then start collection activities. Basically, from here, anything that CTC says is crap. They are so shady it isn't funny. Don't let them scare you one bit. They are crooks. Just make sure you do the wage revocation letter to your hr dept and CTC immediately. I know it is frustrating but it is going to get better. I dealt with these people too and I know how they can be.

Ami....have you checked your state laws on fee's and loans??Are these all ipdls?? I don't know what state you are in but it looks like at least 7 of these are paid in full. That should ease your mind. Not that it is easy to get them to admit that but you have a couple which might be easy. You can also do a search on each and everyone of these here and get all kinds of info and suggetions as to what some of us have done in the same situation.

ami, if you can't close that bank account, tell them to put a HARD DEBIT BLOCK on it. If it's still open, no debits will go through. Even if you have a negative balance. The HARD DEBIT BLOCK will prevent ANY debit from going through. Credits only. That way no more pld debits will come out and no more fees will be charged. See if you can get your bank to reverse those pdl debits. It is possible. It is also possible to reverse the fees they put on that account. But send your letters to these people. Revoke their privilidges. And file your complaints. You've way overpaid these people. And if CTC keeps calling, either don't answer, or if you get stuck with them on the phone, tell them to NEVER call that number again. They probably will, but if you send your letters, you'll have documentation and it'll show that they're breaking more laws than they already have. File your complaints. Put a hard debit block on the account. And these freaks can't touch your new account. They'll tell you all kinds of crap that isn't true. They are the illegal ones. You are the one who was taken advantage of. Advice on here? Fight, fight, fight!

I flat out refused to talk to them on the phone. They kept calling me but I wouldn't talk to them. Every time they called, I would email them and tell them I was only communicating through email or USPS. Then they would call and say they got my email and they didn't have access to USPS or email and had to communicate by phone.........go figure!!!

Happy 4th, everyone!!

I think my bank will just end up closing it for me. I have talked to them about my situation, but the snot I talked to wasn't sympathetic. At all. She made some rude comment about "living within my means" and "not borrowing more than I can pay back" and "you made your bed". Whatever. Sad part is, I have been with them for over 13 years...and never had troubles before now. Sad that they can treat customers that way.

As for CTC, they said as long as they are paid by July 12th they won't do anything to me. Hopefully by then, T&C will be all over this. I had to mail them my first payment and just got my contract fromt them yesterday. I am going to overnite it to them tomorrow. (the peace of mind is worth the extra charge!)

I am glad that I have this site for support. I am still feeling a little frustrated (and scared!!). I have always tried to be a good person...I know this too shall pass.

That is an awful thing for your bank's employee to say to you. It is not for her to make judgement or give her opinion to you. I would complain to her supervisor. :twisted:

OK, I really need to remember to sign in before I post a reply!! In case anyone didn't know,the previous entry is from me!! :)

BTW....Can anyone give me a format for these letters I should write? Or give me examples? I would like to get them done tonite and mailed with my T&C contract tomorrow.

Thanks all!!

Amy

Amy,
I'm sorry the employee at the bank treated you that way - I would strongly encourage you to speak to her supervisor or someone in customer service. I had the complete opposite experience with my bank, the rep I was working with counseled me to open another account at another bank (they wouldn't be able to find me without the routing number) then she told me to keep $1 in a savings account with her bank because they would cash my payroll checks for me without a hassle. She even went so far as to give me her business card and said if anything else happens or they get anything else on your account with us you come see me right away and I'll take care of it. Her final friendly service was to print out 3 years of checking account statements to give me the evidence of all the payments I had made. I know I hit the jackpot but that is the kind of service we all deserve.

Ami,
I can totally sympathise with you on the bank issue. I am a 12 year customer at my so-called financial institution and on Thurs. I will be closing my account with them and moving on. They are the absolute worst bank ever! No help at all, made it all out to be my problem and I did this to myself. Now, don't get me wrong, I know I took out the loans, however, I also was dumb and didnt' know the laws, which I still really don't but I know more than I did.
So, onward girl! Get a bank that cares about you and not making every little damn dime off you that they can. That is all that my bank is about, and I know that now.

Ami, I am so sorry your bank treated you this way. You did not deserve for her to talk to you that way. See the manager or write a letter and complain to the CEO about the way that you have been treated. I hope that you have found a bank with better customer service and more empathy and understanding. :)

My only advice - write the corporate office of your bank a letter. Get the information from your customer service telephone number. Send it to the bank president. Worked wonders for me......

Hello, everyone.

So...the phone calls are in full swing...CTC calls me daily. And today, I got a letter from my "nice, hometown bank" stating that my checking acct has been closed "usatisfactorily". Is this bad?? Will it effect my credit score or just hurt my teletrack score? I am a little scared.....Amy

ami, man, I hate to be the first to post and tell you - but, yes, that sucks that your bank did that. They may have you reported to chexsystems and finding a bank to take you with a mark on chexsystems is almost impossible. I don't know how quickly they put it on chex, but you could try to RUN to another bank and open a new account REALLY REALLY fast before it hits. When your bank closes your account "unsatifactory" with a negative balance or whatever, they report you. You try to get a new account and the bank will see that & question you. Lucky people can get an account if they show the old account has been paid. I'm assuming yours is not, since they just did this today. I advised a friend of mine - who's bank was closing her account because of NSF - to RUN to a bank and open an account FAST FAST FAST. It worked. But I'm talking like - the next day! You might get really lucky and get in the under the wire and get a new account opened. However, I have read on here that some people do that & then a month or so down the road, the new account catches wind of the old account being report on chex and then they're new account gets frozen. Wouldn't that bite? Myself, I now have 3 bank accounts. I'm a paranoid person. I figured if I opened accounts while I was still "safe", I'd be okay. It's been about a month now and it's okay. And my friend that I advised to run and open a new account the next day, she's fine too. But once you're reported to chex, it's really hard to get a new account. You can try to act quickly and see if it works for you.

Your checking account may hurt your credit score if your bank decides to send it to a outside collection agency to collect on the balance. I know because this happened to me about 5 years ago. I am not 100% sure how it will affect Teletrack, but I know your defaulted payday loans will appear on Teletrack.

Hi Ami, I have been thinking of you. I am sorry that your bank did this. Do you have a new account already? If not, and you are in chex systems, let goudah know and she will help you find an account at a bank that doesn't use chexsystems. Do what cannr said if you haven't opened a new account already, and make sure it is a new account at a different bank. What has CTC been telling you? Make sure you have revoked the voluntary wage assignment with them and your payroll dept. so they aren't able to get money from your paycheck. Let me know what they have been trying to make you believe because I have dealt with them and so have lots of others. Take care and keep us posted ok?

Ok...the good news is, I kinda saw this coming and opened a new acct about a month ago. My new bank is great...and they treat me really well so far. So, at least I have that acct. Now, does anyone know how long this will effect me? I know when I opened my new acct, the bank I am with said they just look for any closed accts in the last year. Hopefully this is the case and I will be clear of this whole mess within a year.

CTC basically just threatens me. I kinda blow them off. Does anyone have a format for the wage assignment revocation form? I really need to get them to my payroll dept.

Again, I truly appreciate everyone's help....

Amy

Great! I am so glad you had a new account already, I thought that you did!!

Unfortunately, the closed account will stay on your chexsystems report for five years unless the bank that reported you removes it. That would require that you pay them back and they agree to remove it. I have never had any luck getting it removed but recently I have read of others getting banks to take it off.

All you have to tell CTC is "I hereby revoke any voluntary wage assignment I have signed." Email, mail, and fax that to CTC, and also give a copy to your payroll because CTC WILL try to execute it.

ami, smart girl! :D You were a step ahead and already had a new account! Good for you. You should be safe with that bank. As for the wage assignment revoke letter - it can be so very plain and simple. It's nothing. Just put the name of the company (CTC/Northway)and their address and phone number at the top. Then just state that you are revoking any wage assignment that you may have signed with their company. Throw in there too that you are revoking their priviledge to contact you via telephone also. What the hell! Sign it. Fax it, email it, and mail it to the company. Then give a copy to your payroll person. It's in writing. You revoked their priviledge.

sassnlucy beat me to the post! LOL! :lol:

Thanks guys. I will get the letter typed up and sent tomorrow.

I have been approved with T&C...but I REALLY want to try to get a lot of these taken care of by myself first. I really, really think I can get a lot of them to just leave me alone. ....I HOPE anyway. Any advice on this?

As for CTC..they can kiss my @#$...they aren't even located in the UNITED STATES!!! Sharks, I tell ya!

Any and all advice is much appreciated.

Amy

cannr, your post was much more detailed and informative than mine :)

With the help here and information here, you can probably get the majority, if not all, taken care of yourself. However, I will tell you it's work. And it's stressful. And you'll want to pull your hair out. And you'll be posting on here like some insane banshee (like me!). But you will get information, advice, letters, etc. that will make it a great learning experience (see if I ever do this again!) and also you'll save money if you do it yourself. You can do it. It will take time. Unfortunately it doesn't happen overnight. I wish! I've been going around and around for awhile now, but here I am, still doing it! You can do it if you're up for it. If you're not up for it, there's absolutely nothing wrong with turning it over to another party to handle for you. That's your decision. Either way is good. You can give it a shot and if it doesn't work for you, you can turn it over then. Or you can say "screw this" and let someone else handle it for you! Either way - we're with you.

Ami, I agree with cannr. You can do this on your own but if you do not want to, then go for it and use T and C. It will take some hard work on your part but you will save a lot of money by doing it yourself. We will be here for you every step of the way, no matter what you decide to do. I think that you are very smart and I know that you can take these places on if you want to. Like cannr said, we all back you 100% no matter what you do and we are so happy to help you fight these places.

As for CTC, you are right. They can kiss my a$$ too. They are so illegal it isn't even funnny. I can't stand them. They are so stupid!!! They used to call and say, "We got your email but we are going to continue to call you because we do not have access to the internet." I am serious. That is what they said!!!!!

Hello everyone.

Well, unfortunately, my financial struggles have worsened and I am unable to dig myself out. I have recently found out my husband has been hiding some very serious issues from me.....And unfortunately, bankruptcy appears to be my only way out now.

I am looking into chapter 13. We filed Chapter 7 seven years ago. Any suggestions?

Amy

Sometimes bankruptcy is the only way out...but I would investigate every other option first since that will follow you for a long time. I think chapter 7 is 10 years and chapter 13 is 6 I believe.Have you checked into a debt management program yet?...before I made a decision I would check out the couseling service first so that I knew every option available.

I have checked stuff out, but this is the only option for us right now. I do NOT want to lose my house....hopefully it works out.

Ami..you have to do what you have to do. Don't be embarrassed or ashamed by it. In this day and age there are so many things in our lives we can't control. Instead just use it as a learning experiance. Good luck...I hope it all works out for you!

Hi Ami, we have missed you. I am sorry to hear about your problems with your husband. I just filed chapter 13 myself. I filed chapter 7 in 2003. My attorney told me that you can file chapter 7 again after 7 years if you needed to but if you want to keep your house chapter 13 probably the best option. We are keeping our house too but surrendered 2 vehicles. We could have kept them but did not want the payments anymore. Let me know if you have questions. We are all here for you if you need us!

I love you guys!! >>sniff, sniff<< You have all been so much help. We are going to do Chpt 13 for now...did it really help you Sass? I'm not really sure what to expect.......

We love you too Ami! *hugs* Well, we are in the very early stages of our chapter 13. Like you we really had no other option. I think that it has helped, we are out from under 2 car payments we couldnt afford, and the phone isn't ringing every 30 seconds with creditors calling. We had a pile of medical bills that are getting paid in the plan so we don't have to worry about those anymore. I think that it was the best decision for us.

Did you get to choose to get rid of your vehicle payments? I have a van that I can NOT afford....I would really like to get rid of it, if I can. We have another reliable vehicle that is a LOT cheaper. Also...how many months do you get for your plan? Do they discharge anything? I'm kinda nervous, can u tell?? Lol.