Is payday loan settlement possible if in collections?

I would suggest sending a letter to Magnum Cash Advance stating that your payday loan laws in TX, and let them know you have paid was is legally owed, if that is the case. Also, is there some way you can stop NSB from debiting your account as well? You can file complaints with the BBB, FTC, DFI, and AG's office if Magnum is uncooperative. I had two ipdls that went into collections and one I was able to resolve with the original company even though it had gone to collections and after sending them an email and filing complaints, they marked my account PIF and contacted the collection agency to close out my account. The other place I sent a cease and desist to the CA and debt validation letter because I wasn't hearing any response from the original pdl company, and they left me alone.

Since you have satisfied the principal and interest for your state, and Magnum doubled the amount you owed, I would also suggest having your bank blocking the debit that NSB keeps taking.

i do have some letters that ou can send to magnum.. just taylor it to your needs.. also i would send a cease and disist letter to the collection agency and deal with magnum directly.. pm me and when i get back to work tuesday ill send u a letter.. good luck

Perry968 Can you please eamil me the letter you sent Magnum. Thanks