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Information Please

Date: Tue, 07/17/2007 - 13:13

Submitted by anonymous
on Tue, 07/17/2007 - 13:13

Posts: 202330 Credits: [Donate]

Total Replies: 11

Information Please


Hi All,

I need a little help with Payday loan info. I had account with the following lenders

Ace $542 (paid off this past Friday - hallelujah!)
Checkngo Online $642 (pd $264 in refinance)
Apple Fast Cash $132 (Originally $400, pd. $1300)
Payday Ok $400 (Orig. $500, pd. $437 refinance/fees)

As everyone here has suggested, I closed my bank account and reopened another one. My bank was really great about everything.

I sent letters via email to Ace, Checkngo, & Apple. The people from ACE were really, really nasty and I went ahead and paid them off. I guess they succeeded!

I spoke with a lady from Apple today telling me I still owed $132. I told her that I had paid over $1300 on this account and didn't intend to pay anything else! She was nice and just said it would be better off if I just paid the small amount of $132. I am sending them a letter via certified mail today. Any suggestions on what my letter should say? I refuse to give them another dime. I can't believe I paid them that much to begin with!!!

I talked with somone at Checkngo today also and they said my account had been sent to a collection service called DRS Bonded. Anyone heard of them? Anyway, I called them and they said they didn't have an account for me. I'm not sure what is going on with that. Should I still send them a certified letter? They never responded to my email.

A gentlemen from Payday Ok called me and wanted to get a new account number from me since my account was closed. I told him I wanted to make payment arrangements, please give me an address to mail my payments to and guess what? He hung up on me!!! I guess I will have to send them a letter also.

Sorry I rambled on so much, I'd appreciate any advice I can get.

Thanks & God Bless,
Stephanie


Can anyone tell me who can help me get out of these payday loans. I am in debt with 5 of these, my account is in a negative balance, i dont know what to do, its just getting worse. I've thought of closing my checking account, but i dont want to get in trouble with the law because i have 5 outstanding payday loans.can some one PLEASE HELP :idea:


lrhall41

Submitted by cmiranda on Tue, 07/17/2007 - 13:21

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We will need a little more info from you to help. 1. Are they internet pdls or storefront? What state are you in? How much was the loan(s) for and how much have you paid to date. There are also 2 sticky notes on the top line at the beginning of this forum, you should read before you begin your work.There are many people here who have been in the same situation and probably from your state as well...so search, read and ask questions...


lrhall41

Submitted by Morningstarr430 on Tue, 07/17/2007 - 18:18

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OK..now you need to figure out how much you have paid on each one...and if it is over your state limit. For example...I had a $300. loan and I ended up paying on it $831. before I found this site...I should have only paid $357.50. You can probably find your state law by using the search bar...or go to your state attorney's web page and search there...you will also find any news there on what they have done in re; to payday loans.
Also at the top of the 1st page of this forum there is a list of things to know and do before you close your bank account and start your fight...please read that first...then just search or ask questions about anything you don't understand. Someone here will help you get the info you need to win your war on debt.


lrhall41

Submitted by Morningstarr430 on Wed, 07/18/2007 - 16:53

( Posts: 2329 | Credits: )


All of the companies you mentioned are licensed and conducting business legally. You should make arrangments with each one of them to avoid negative credit reporting and possible legal action (judgements, small claims, etc.). It could get more expensive for you if you avoid them or refuse to pay.


lrhall41

Submitted by Rach on Wed, 07/18/2007 - 18:32

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Actually, a lot of forum members use Langhorne. A lot of forum members use T&C. I personally haven't used either. However, I've heard good about both, just by reading the posts. You can do it yourself and get out of the pdl mess. It would take time, effort, and it causes a lot of stress. But we're doing it. However, if you don't have the time, effort, or want the stress, handing it over to a company to take care of it for you is absolutely fine. I personally decided to tackle it on my own (sometimes I doubt myself!) because it's free (no one to pay to do it for me) and I'm learning a LOT. However, like I stated, it is work. It takes time. If you aren't up for it, then by all means turn it over to an agency that will work with you. Did you look into T&C also? You might want to compare them. It's entirely up to you. You know what is best for you. If you're up for the fight, you can do it. If you're not, then let someone else do the "dirty work" for you. Either way is perfectly fine. Everyone is different and should choose the best method for them.


lrhall41

Submitted by cannr on Thu, 07/19/2007 - 18:37

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guest, could you please register so we don't get you mixed up with different "guests"? You will have a screen name to use. First off, are you the guest who has the licensed internet loans? I'm getting confused because there are so many posts on this thread. Please post your state, what internet pdl's you have, how much you borrowed from each (principle only) and how much you have paid back so far on each. Thanks! We can help you! :D


lrhall41

Submitted by cannr on Tue, 07/31/2007 - 08:42

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