Defaulted PDL's
Date: Sat, 08/11/2012 - 19:54
Submitted by GettingItTogether
on
Sat, 08/11/2012 - 19:54
Total Replies: 8
Anyway, yesterday while at work I received a call from 500 Fast Cash. I work at a hospital and was sitting at the nurse's station at the time of the phone call. I tried to remain professional with the representative from their company but it was almost as if she was trying to push my buttons. I told her I couldn't discuss this information with her but she insisted on me setting up a payment plan to settle my account. I told her I wasn't interested and so she asked if I was saying that I'm not interested in settling the account so I told her yes, I am saying that I'm not interested in settling the account "at this time."
I got a loan from 500 Fast Cash back in November 2011 for $400. I'm not sure how much I've paid since then considering I ended up having to close my account because someone hacked into it. I called 500 FastCash and asked for an alternative way to repay the money once I closed my account and they told me that I would have to wait until after they tried to debit my account before being able to set up an arrangement. Needless to say, after they denied giving me any other way to pay them, I pretty much said "forget it." That loan was in fact a reloan and I've more than paid the principal of that loan from the interest of previous loans. My only problem is I ended up closing my old bank account and am now awaiting copies of old statements from that account so that I can calculate how much I've paid 500 FastCash.
My question is, should I wait until I know the exact amount I've paid on my most recent loan as well as previous loans with them before emailing them a letter about them being illegal in the state of NC or should I just go ahead and email them leaving off amount paid vs amount owed info and tell them that I both revoke any ACH authorizations as well as any wage assignments I may have signed with them just incase they try to garnish my wages?
Sent the revocations asap....if you figure out later you owe, th
Sent the revocations asap....if you figure out later you owe, then you can send it on your own schedule.
Follow the link in my signature line.
Defaulted PDL's
Because I defaulted on my loan with Plain Green, it was sold to National Credit Adjusters. I was wondering if I should deal with them when trying to settle the loan or should I contact Plain Green personally.
The loan was for $600 and before defualting on it, I paid $107.84 towards the loan leaving a balance of $492.16.
According to the letter Plain Green sent notifiying me of the transfer of my account, I owe them $1316.96!
I've read that Plain Green can be hostile but I really just want to settle this account in the most cost-friendly way possible!
Debt Settlement
If my account was sold to a collection agency and they've validated that they are in possession of that account, how would I go about contacting the Creditor to see if they'd take the account back? Via postal mail or a phone call? If I were to mail them a letter, is there a template I could use as a reference/example?
You owe the $492 only....they are tribal and have no legal case
You owe the $492 only....they are tribal and have no legal case against you. If it was in fact sold, I wouldnt pay the new owners a dime. The contract is null and void. Send the CA a cease and desist letter via certified mail return receipt requested.
Dear National Credit Adjusters
I hereby demand you cease and desist any and all contact with me and anyone associated with me in regards to account # ____________, original creditor, Plain Green Loans. This lender is a tribal lender and is unlicensed in my state and thus the contract is null and void.
Govern yourself accordingly.
Confused
Thanks SoapLady
I've yet to receive any phone calls or letters from NCA but after going over my credit report, I noticed they made an inquiry. Should I still send the cease and desist letter or wait until after they contact me?
Please do not start new threads. If the account was sold, th
Please do not start new threads.
If the account was sold, they are not going to take it back. It has already been written off.
Send it now...you can use the same letter for 500 fast cash if i
Send it now...you can use the same letter for 500 fast cash if it is sent to collections.
Sorry
The debt settlement post was in reference to credit card debt. I didn't realize it would post to this thread.
Slightly new to this, still trying to navigate.
Thanks for your help!