I am in official payday loan default

It took as long as 5 to 7 days for me to get it back in my account.

My bank takes about 2 days to get it back in...But I bank with Etrade, and they seem to be a little quick with everything.

I don't see it taking longer than 7 days. You might want to call the bank and ask them.

I will. I suspect it will take about a week. Now I'm praying that no other debits sneak through. I am so tired of walking around with this knot in my stomach and not being able to enjoy myself or concentrate on anything other than debt. Unfortunately, I have fallen behind on other (more important) bills and I must get them caught up also. I will be okay in about 6 weeks as far as being caught up but until then I guess I'll just have to grin and bear it. I sent in my payment to T&C this Friday and they told me they would be sending payments out to the creditors on Monday so hopefully this will go well. Has anyone dealt with cashnet500 or ICS? Just from reading about how they are here in the forums, I am afraid to go to work tommorow because I just know they will call my job and talk to my boss.

I never had a problem with ICS. I always thought their bark was much worse than their bite. they harrass me at home with constant phone calls and when the answering machine is on they leave unintelligible messages, but they have never called my work and have never threatened me whith legal action..And I have been sending them very small payments. I really think they're running out of steam fast- and anyway, it took a lot longer than 3 days for them to find out their payment bounced. You'll get a surprisingly polite email from heathmill before they ever try to contact you by phone. Their other company, Interim cash, has been much much more difficult, but even they never called my work or threatened me too much. Most of these people will call you at home 200 times a day before they get around to calling your work.

Thanks finsfan13. I hope everything goes smooth. Did you send your payments through T&C or did you set up arrangements on your own?

No, I did all of my stuff on my own. Looking back, sometimes I wish I had gone through T&C, but I had 5 loans, they were all less than $250 except for one, and I caught a few breaks. I changed my bank account info the first week of February, found this site, and got right to work. Now, 2 months later, things are really going well, just like they will be for you. I got your back!

I too defaulted on payday loans. I had 6. I paid one off this week and will continue to battle one who I feel has been repaid. The others called work once, but stopped at my request. I have been with T&C for a month and the past weekend I have received NO calls at all. It has been a VERY long time coming. I have been playing ostrich for over 2 years.

I know the feeling okie. Well hopefully all will go well. I've been with T&C just over 2 weeks now and I wish to God I had found them sooner.

THanks finsfan13!

With ICS... they may complain but as long as they get the payments you promise they will generally go along. They will try and ask you for more, nut stick to your guns and promise only what you can afford. I would only send them once a month, since they will have you mail it to a delaware address that is a mail drop, which then forwards to england. (takes about 2 weeks. They will usually ask you to fax a copy of the money order as proof you have mailed it. If you have nmore questions, pm me and I will share what I know

Good luck to you i love teaching. I too defaulted on my payday loans Friday... though so far no one seems to know except PayDay Ok. I had 6 until pollyandsay scared one of them off for me (yes-she is my hero!). I will just take it as it comes but truthfully, not going further in debt this payday has made me feel better than I knew it would-even if I do worry about about fallout from it all. You can only do what you can do and I simply couldn't do it anymore. Take care and keep us posted!

good luck! i am now going thru the process of filing disputes and it has been horrid!

One of my co-workers is being scamed by this company. I am the manager , and they called and were yelling at me today! I wouldn't give them any info, and contact your local authorities about them harassing you at work, because were I live it is illegal to harass someone at a business number.

iloveteaching: DId you put a freeze (deposit only)on your account where the pdls cannot debit from this account. I did on mine and after that two pdls tried to debit twice and then I got an email from them saying my account is paid in full and in a do not loan status.

Another question how did you all get money put back in your account? I am in the 400+ negative and would like to getjueven the nsfs pdropped. I have Bank of America are they easy to deal with stuff like that?

I have had numerous payday loans and I have since paid back 4 and I have three more to go, I had someone get into my checking account and took $1950 and with the bounce check fees it was almost $4000. Arrowhead investments are trying to sue me and I have the bank statements showing them taking the money from my account. It was only a $200.00 loan. How can this go away and they are threatening having the police at my home and at my place of employment. I have trying to dig myself out of this mess and what I have paid back my checking account finally has some money and I am getting my bills paid but when a company stills says you owe them money when they have already taken it from you that has got to stop. What can I do? Any Suggestions?

Tell them to tell you what time the cops are going to show up so that you can have your bank statements ready to show them, and then you'll send the cops over to their house for their turn..lol

They can't have you arrested for that. They're lying to you.

Tell them to leave you alone or you'll file a complaint with your state attorney general's office for overcharging your interest...And if they come back for more, FILE the complaint. There's nothing they can do to you.

That's correct. Being default on a loan is not a criminal offense. Writing bad check could give one some trouble, but post dated checks are never counted as bad check. So relax, you won't see police at your door.

Most of the payday loan companies break the usury laws of states. Are they internet lenders or store front lenders. Do you know if they are licensed to do business in your state or not?

Francie,
If you haven't already, think about closing your checking account and re-opening another. They will continue to debit your account otherwise. Then contact them..Be firm, don't let them scare you...And make some arrangements with them. Or, if you want to consolidate, register and someone will pm you info

Francie

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hello I declared bankruptcy because I fell behind with all my bills trying to repay the payday loans. Now one of the loan companies have threatened to have me arrested for bank fraud and bank by diception. I gave them my bankruptcy case # and the attorneys phone # but they said they were still going to charge me. Does anyone know if this can happen while in bankruptcy?

PL, which type of bankruptcy did you file? Chapter 7 bankruptcy discharges all the debts filed under it. The creditors are therefore not allowed to collect the money after the debt is discharged under chapter 7. Inform your attorney about this action of the lender.

PL, If you filed chapter 7 payday loans are discharged. They will threaten you with everything. Dont fall for it. You are under bankruptcy protection. If they call you more than three times total they will have to answer to the judge. Inform your attorney because they are not to have contact with you. Good Luck KYSIDE38

Chpt 13 is the same way, if the creditor doesn't file a claim by confirmation then once the Chpt 13 is completed they can never collect the debt, it no longer exist. The only debt you come out of a Chapter 13 owing would be federal studen loans.
Can anyone let me know what to expect from VC FUnding, XPRESS Cash/DMS Marketing, ASAP, and Cash Supply when I default on the loans tomorrow.Will they call my co-workers? Boss? I work for the state and I know my boss will not respond, they won't even be put through my boss, but co-workers always love good gossip. I'm waiting for T & C's contract to come in the mail to sign and send my payment to make the consolidation official, until then I need a heads up on how much stress I'll be dealing with. Thanks for the help! Amy

Most payday loan companies do not even know you defaulted until 5 days after. They cannot call your co workers due to the privacy act. I pulled that on one of them as they called and left a hateful message on a coworkers voicemail with the same last name as mine. THey never called me back once I contacted them and told them what they did and that I kept the message the co worker forwarded to me. Just monitor your calls at home and advise your boss that you have a legal issue and do not want to take any calls at work. Or contact them now before they know you defaulted and advise you are not allowed calls at work. They are not allowed to call you after you advise of this. PL

what is t & c and how can i contact them?

jazzyjay,

register with the site and a counselor will contact you to discuss your situation.

Does anyone have an address or fax number for this company. I have been trying to send them proof of my bankruptcy so they cease collection. I hear they are real nasty but so far I have only talked to them once.

payday loan crisis whats t&c

I have gotten myself in so much trouble. I have been reading the terrible stores on how these pay day loans are a dept trap and they know it. My story is so like alot of them I read, but now I'm in dept and almost my whole paycheck is gone every two weeks and I don't know what to do. I keep making more loans to cover my dept and now I'm in really bad and need a bigger loan to cover them. Does anyone know what I should do? Will I go to jail if I close my account, loose my job, license anything else. I will be glad to pay them off but I can't like this HELP ME SOMEBODY

Eyvonne, what state are you in? Are these storefront or internet pdls? Who are the companies? And how long have you been paying on them? If that wasn't enough questions here are some more: Have you placed a stop debit on your account with them, or have you considered closing that account and opening a new one? That is the first step in taking back control of your finances and taking the control away from them.

You won't go to jail but if some are store front lenders, I believe they can take you to court. Please feel to register with the site. It's fast and free. You will get a lot of support here :-)

I just defaulted on a loan today it was due and the funds didn't go though because of strange charges. At first they did then the bank took them out and this company was going to give me another loan so I can pay the fees on my other 6 loans this is getting crazy how can I solve this

what is T & C

i have several paydayloans and i need toclosemy bank account due to my checking account being debited from stolen checks and unable to locate all my paydayloan debitors what will they do to me paydyloan companyies

T&C stands for Town and Country. They are debt consolidation company in Alabama. I have an account with them and so far, I have had no problems with them whatsoever (knock on wood).

I am going to be in default of two payday loans as of Friday the 4th of May. I am really scared I am going to go to jail or something like that. I just got in way over my head and I can't pay the fees anymore anyone know what happens in this situation?

You cannot go to jail over defaulting on a pdl....Are these storefront or internet?

Alexandra,

How long did it take for T & C to work on your account once you gave them the intial fee? I will get the contract on Wednesday, and I plan on overnighting the documents and the payment first thing Thursday morning. I will default on my loans officialy on Friday morning. I have 7 loans, and live in Wisconsin.

I defaulted on 2 storefront payday loans and 1 internet payday loans.
What is going to happen? I am so scared I am going to have the cops at my door and be arrested. I am in Wisconsin by the way.

Well first thing first..Relax and take a deep breath. I was in the same mess as you only much much worse.
Secondly, have you contacted the storefronts to make arrangements? I am going to look up WI laws real quick and be back

Criminal action is prohibited in WI so you are not in any kind of legal trouble as far as criminal. I would contact the store fronts and try to make payment arrangements with them. They can take you to civil court to get the money owed to them so its best to go ahead and work with them..
As for the internet one, which company are you dealing with??

The internet one is cashnet usa. I owe them about 300.00$ I already closed my checking account so that they can't debit and rack up nsf's for me.I really can't afford anything should I just senmd out some 10 and 20$ checks. I am just so worried. So if they take me to civil court do the cops come at all to my house or job or anything or do they just mail out the notice or what. I can't believe I did this to myself!!!! Thanks for your help.

They wont take checks once you default plus if they get your checking info for the new account they will just go into that account and take it all...Send them mo, whatever you can afford monthly...they wont be too happy but they wont be complete buttheads either

Thanks so much! I feel alot more relief I can tell you that. They just act so threatening. One literally told me we will do whatever it takes to get our money I thought I was going to end up in prison or something the way they made it sound! Thanks again you have helped do much

Thanks so much! I feel alot more relief I can tell you that. They just act so threatening. One literally told me we will do whatever it takes to get our money I thought I was going to end up in prison or something the way they made it sound! Thanks again you have helped do much

Yeah they are jerks about it...but before i supposedly defaulted..I had already read some of the threads here so I was prepared for some of the threats taht came my way. I just stopped answering the calls and emails after a while...why fuel the fire?

What is T&C?

T & C is Town and Country Acceptance. They are a debt consolidation company located in Birmingham, Alabama. They are one of very few places that will consolidate payday loans.

I have defaluted on 5 payday loans that I have out right now does any one know what will happen? I can't afford to pay more than ten dollars a month to each company my hours have been cut at work. I am just wondering what is going to happen to me? Two are storefront and 3 are online.

What state are you in? You will need to contact the storefronts and work out a repayment plan you can afford. As for the internet pdls...which companies are you dealing with? You will need to close your account and open a new one, at a new bank if you can. These ipdls are sneaky bast@rds. And they will make illegal threats that are FALSE such as: they are filing fraud charges against you, you are going to be arrested, check fraud, the list goes on. Just get some thick skin and know that they are lying and these things will not happen to you, it is their inhumane way of trying to extort money from you. Also, how much have you been paying on the internet payday loans? You will need to file a complaint with your state's Attorney General's office against them and file one with the AG's office where the ipdls are located.