Please help me figure out what I need to do - PDLs Oklahoma
Date: Tue, 11/21/2006 - 08:37
GFSIL - original amount borrowed $200 paid $80, owe $120 plus $30 ($15 per each $100 borrowed per OK laws)
Magnum Finance - Original amount borrowed $786 paid $961.44 (amount over $175.44) renewed the loan for $508 paid 324.14 owe $182.98 plus fees?
Little Loan Shoppe - borrowed $300 paid $90 - owe $210 plus allowed fees
One Step Cash - borrowed $300 paid $90 - owe $210 plus allowed feed
Cashnet500 - $350 paid $105 - owe $245 plus allowed fees
Nat'l Money Store - $450 paid $112.50 owe $337.50 plus allowed fees
Arrowhead - borrowed $300 paid $90 owe $210 plus allowed fees
CashUSA - borrowed $300 paid $90 owe $210 plus allowed fees
Tremont Financial - borrowed $300 - payment returned NSF
I would like to pay these off, however, can not afford to do so until after Christmas and pay them with my Holiday bonus. What should I tell them, how much do I actually owe them? What letter should I send to them that will inform them not to call my references and my work that they can contact me via email or on my cell/home phone. Thank you so very much for helping me - I truly appreciate your time.
It looks like you've got the calculations all figured out. I wo
It looks like you've got the calculations all figured out. I would send them all certified letters along with a copy of your state laws showing what is legal, and tell them that you will pay according to your laws. Also, I would copy your AG with the letter, and make sure to note in your letters to the PDL's that you are getting your AG involved. Include in those letters your estimated payment date, and a cease and desist all contact with you and your references.
pdl
It sounds like you have got a good plan but keep in mind they will try to scare you. Follow up with the AG. We need to keep those complaints rolling. I wish you the best. KYSIDE38
No one can press you for paying more as long as you are followin
No one can press you for paying more as long as you are following the charges mentioned in your state.
I am assuming that you have done the calculations until the Christmas time when you will be sending the money. Keep yourself in front of the lender so that they don't call your references. If they still sound disturbing, tell them to file the complaints with the attorney general because they are calling someone that has nothing to do with this situation and when you are keeping yourself upfront.
It will be good if you notify them about your actions in writing. They will become informed about you.
What would be the best letter to use in this situation? Most of
What would be the best letter to use in this situation? Most of the letters I have seen state that their account needs to marked paid in full. Also, can I fax/email these letters to them as well? I have nine certified letters at $4.65 each - it is worth it, I just need to locate funds to cover this. Thanks again for all you have done for me. I will definately copy the AG office. I have also provided a copy of the laws to the bank when I closed my account plus a copy of pollys letter. The acct. exec. stated that so many people come in due to the internet payday loans and she does not know what to tell them, now she does :-).
Thanks again and please help me with the content for the letter.
I will show you a sample letter in the forum. Tailor it accordin
I will show you a sample letter in the forum. Tailor it according to your needs.
Quote:
(Send via CERTIFIED MAIL) YOUR NAME YOUR ADDRESS CITY, STATE, ZIP CODE Date: CREDITOR NAME ADDRESS CITY, STATE, ZIP CODE RE: Acct.# Creditor: I recently obtained a copy of my credit report and noticed that your company has reported me as having the above listed account as: (delinquent, sent to collections, etc.). I wish to bring this account to a resolution that will be fair and beneficial for both of us. Therefore, I propose to pay you X monthly payments of $, or forward a check to you in the amount of $ as payment in full, provided that you are willing to send me a letter stating you will report this to any and all credit reporting agencies as: 'PAID AS AGREED' or notify me in writing that you agree to delete this item from any and all credit reporting agencies. I WILL NOT agree to accept a 'PAID P & L' or 'CHARGE OFF' for an additional amount of time on my credit report. It is my position that I have suffered enough as a result of this problem. Upon receipt of your letter I will send you a cashier's check or money order in the amount of $. Sincerely, Signature Date signed Your name Date printed |