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Will I get in trouble if I block the pdl from my account?

Date: Wed, 07/25/2007 - 20:42

Submitted by anonymous
on Wed, 07/25/2007 - 20:42

Posts: 202330 Credits: [Donate]

Total Replies: 5

Will I get in trouble if I block the pdl from my account?


I have numerous payday loans, all from online, I cannot afford them taking funds out and would like to stop the drafting and just pay them off a little at a time by sending them the funds. If I close my account prior to their drafting will I get in legal trouble? I have Geneva Roth, Paydayone, cashnetusa, NLS, world wide cash and loan shop loans. I am sick from all of these fees, I understand I got myself into this but need a way out. Can someone help?


Welcome to our forum!I understand that you are facing great difficulties in paying the amount that you have taken from a number of vendors.Your decision of closing your account is however not legally justified at this point of time (according to condition if you have promised them to clear out the debt by making monthly payments).Later if you face greater problems from them they might consistently disturb you from all possible ways to pay back their debt(these debt companies are well known to bother customers and even threaten them). In that case you might not get help from the legal organizations to counter them.What best I may suggest for the time being is that you may opt for
1.Debt consolidation by just signing up with a debt consolidation company and take relevant advise from them.
2. debt settlement by registering with an appropriate debt settlement firm and take relevant advise from them.
Moreover you may also refer to the website
1. http://www.debtconsolidationcare.com/
2. http://www.debtconsolidationcare.com/debt-settlement.html

to acquire more information on this issue.


lrhall41

Submitted by rachael2k4 on Thu, 07/26/2007 - 05:06

( Posts: 6 | Credits: )


If I could give any person in financial stress one good tip and that would be no matter how bad things get, STAY AWAY FROM PAYDAY LOANS. Along with extremely high doctor bills and lack of work I found the quick fix from them that turned into a chapter 13 bankruptcy steming from payday loans. Now I am working desperately to recover and things are looking up.


lrhall41

Submitted by mcperdue02 on Thu, 07/26/2007 - 05:10

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rwalters,
Please post each internet pdl, how much you borrowed (principle only) and how much you have paid back so far. We may be able to help you here.


lrhall41

Submitted by cannr on Thu, 07/26/2007 - 19:46

( Posts: 9317 | Credits: )


rwalters, also, please tell us what state you are located in.


lrhall41

Submitted by cannr on Thu, 07/26/2007 - 19:47

( Posts: 9317 | Credits: )


rwalters, welcome to the forum. You have come to the right place for help. There are many of us here, myself included, that have dealt with these companies. If you answer the questions cannr asked, we will be able to provide some assistance. Please knwo that there IS a light at the end of the tunnel! We REALLY need to know what state you are in first so we know what laws we are dealing with here. :)


lrhall41

Submitted by Sassnlucy on Fri, 07/27/2007 - 03:55

( Posts: 2698 | Credits: )