could use some clarification
Date: Wed, 12/09/2009 - 13:56
- Name of your state- Utah
- Amount borrowed - $510.00
-Amount repaid - 316.09
- Storefront/internet - Paydaymax.com - internet
310.00 borrowed
236.66 paid back
mycashnow.com - internet
500 borrowed
125 paid back
nationalpayday.com - internet
What I'm confused about is that I've read on here that all these companies are illegal in the US and that I should send a letter to them. I cannot close my checking account right now for reasons I can't disclose - do I have any hope of getting them off my back by sending that letter or is it a waste of time without closing my account? I have borrowed the money to pay these off but I'd rather not send it if I don't have to. All their web sites have blurbs about the applicant being responsible for the laws in their states. I asked for help from National Payday and never heard from them. I have a payment coming up on the 15th and I'd like to contact them before them. To be honest, I'm so fed up with them all that I just want to pay them off and be done with it but if I could just pay off the principal that would be great. Thanks for any direction.
See, even if they are illegal in your state you are still requir
See, even if they are illegal in your state you are still required to pay the principal amount that you have borrowed from them. If you can't close your account, you must atleast try to put a hard debit block against it. Talk to the manager directly. Also you must send ACH revocation letter to the lenders. Check the following link for more information on illegal payday lenders.
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
Utah requires Internet payday lenders to be licensed in your sta
Utah requires Internet payday lenders to be licensed in your state, I looked it up and none of yours are. http://168.177.228.15/reglistp.htm
If you can't close your account then at least place a hard debut block on it until you can. I am here to tell you that your account will NEVER be safe again, these illegal lenders WILL debit your account again when you least expect it, it could be a year down the road when you think everything is said and done. Not only that, but they WILL give your information to other illegal lenders, so please close that account when you can! Meanwhile, CLICK HERE to find out how to deal with illegal lenders.
Thanks for your replies. I will close my account as soon as I c
Thanks for your replies. I will close my account as soon as I can but it's time consuming because I have other automatic payments and it takes so long to get them changed over. If I cannot close it I will at least speak to someone in the bank.
Again, thanks for your help.
