Castle Payday Response
Castle demand draft
Hello, sorry to being back old thread. I have loans at Castle and Blue Trust. They each have a demand draft (Remotely created check) feature built into their contracts. I have revoked ACH, and have revoked the authorization for remotely created checks. They acknowledged the ACH, and sent the same email response as the OP here. I have not yet agreed to the terms of their "deal". They are threatening sending to collections (It's been a little over 30 days since last payment was made to each.). Has anyone had experience with either company, or any company for that matter, actually attempting a full balance remotely created check or telechek? Thanks
Just Close Bank Account
Haughtdebt,
I dealt with CastlePayday before and they were the "hardest" to deal with out of the 7 PDL's that I had. If you send the letter that Soaplady has created (stickied in forum), they will send you a bs letter about them being tribal. If you just wait like a week and resend your response that you are not paying them, they will eventually create a "settlement" plan for you. Personally, this is the only "settlement" plan I accepted as it was worth $100 to just be done dealing with them, even though I overpaid. All of the other companies just closed my overpaid accounts.
How much have you paid??
How much have you paid??
You are in control. YOU tell them how much you will pay at your convienence.
I've paid the principal plus some...
The loan was for $1200 ($300 finance fee) and I've paid $1862.50 which is $662.50 more than the principal.
do this
tell them to take their offer and shove it.in fact demand a refund stating that since it is tribal it is illegal,and therefore you will not pay another penny.
The tribal thing works in
The tribal thing works in your favor, so you can demand a refund.
Submitted by Sanders Patricia on Tue, 05/07/2013 - 05:59
Thanks....
Thanks for the advice. I need to wait until my account closes (5/8) before I make any moves. Don't want them to retaliate and take money out of my account.
good luck
good luck im in the same situation with them ive sent 6 emails back to them and they keep sending the same settlement and saying there sending it to collections i told them to go for it and that since they dont want to agree to my terms, they will not get another cent from me
Thanks....
Thanks. Have you received calls or just e-mails? How long have you been dealing with them?
Almost..
Almost a week now id say, and its the same emial from them everytime, just with more payments, but it still equals to the ammount there trying to get
Teacher - I am a teacher too.
Teacher - I am a teacher too. I had 7 PDLs. Its been a month since I sent them the letters. None have called my work. Plain green and east side lenders called my home number for about a week, then stopped. All but castle payday and western sky have sent me PIFs.
Thanks teacher
Great hearing from a fellow educator. My biggest fear is getting calls at work as there are lots of busy bodies. I have 4 total and have paid back the principal on two accounts. Hoping to pay off the other two soon and have them all marked as PIF. What state are you in?
Latest e-mail from Castle Payday
So in addition to sending the same e-mail they sent last time with the agreement they also included this paragraph at the end:
If you chose not to agree to the proposed settlement, you may send a letter to the Tribal Financial Services Regulatory Authority. If your letter is not received within ten (10) days, the full balance of your account ($1,406.25) may be sent to a 3rd party collections agency. Please send your written complaint to the following address:
Tribal Financial Services Regulatory Authority
P.O. Box 704,
Watersmeet, MI 49969-0704
Any advice on how to proceed?
Wait for it to go to a
Wait for it to go to a collection agency, then send the CA a cease and desist.
Thanks....
Do you think that they will really do this since they are tribal and illegal? How long would it take to go to a collection agency?
It depends on the lender.
It depends on the lender. May take a few days or a week or so. Just remember that you can send the CA a cease and desist via certified mail, return receipt requested which will give you the signed green card to show when it was signed.
also
do keep us posted as i practically guarantee whoever calls on this will be a lawbreaking bottomfeeder.we can help with them as well.
Thanks...
Thanks again for all your help. I am also in the process of filing a complaint with the Office of the Commissioner of Financial Regulation in Maryland.