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Paid in full letters from pdl's

Date: Thu, 06/22/2006 - 11:06

Submitted by hrm7468
on Thu, 06/22/2006 - 11:06

Posts: 24 Credits: [Donate]

Total Replies: 14

Paid in full letters from pdl's


I have a question to put before all of you. I've been working thru a debt solutions company for this mess I got myself into with pdl's. Anyway, many of the pdl's are paid off now. I'm sure these Payday loan companies are not going to 'voluntarily' send me a letter that states 'paid in full' so I probably need to contact them.
Should I do this in writing? or should I contact them via phone? I'm leaning towards the 'in writing' side.
What do you all nice people think?

Thanks all for your input.
Rayray


You must have everything in writing from the payday loan companies. These written documents can only stand as proof and cover your back if any dispute arises at the later period. In some cases, the file is sent to the collection agencies. They start contacting the people and collect debt without having complete information from the lending companies. You need to have proof in writing that the account has been paid in full and oppose their claim strongly


lrhall41

Submitted by andyyoung on Thu, 06/22/2006 - 11:11

( Posts: 451 | Credits: )


That's what I thought. I think I worded the question the wrong way. I definitely know I want to have the letter that states the paid in full, so I share the opinion that my request for this letter must also be in writing to them.
Thank you for the quick reply "andyyoung".
Boy, will I be glad when I get out from under this rock.
Have a great day!


lrhall41

Submitted by hrm7468 on Thu, 06/22/2006 - 11:15

( Posts: 24 | Credits: )


getting one of these can be tough, What I have done in the past is send a first letter asking them to confirm in writing that your account is paid. Be sure and give them a deadline of 2 to four weeks. Send the letter ceritified return receipt. If they fail to respond you send a second letter that documents very simply the data of final payment, the total amount paid and states that based on their failure to respond to your previous letter you are considering their failure to respond as confirmation of your paid in full status. Send that one certified as well.


lrhall41

Submitted by jj on Thu, 06/22/2006 - 11:28

( Posts: 1057 | Credits: )


Sounds good. Thank you for the advice, JJ.
Now I just have to get the address and the other information back from my debt solutions co that I'm dealing with. I didn't have ALL of the info when I started with them so they filled in the blanks since they deal with these guys all the time.


lrhall41

Submitted by hrm7468 on Thu, 06/22/2006 - 11:43

( Posts: 24 | Credits: )


Good luck trying to get a letter stating that your account is settled. I have not had any luck. Just make sure you hang onto your receipts.


lrhall41

Submitted by Glynnie11 on Thu, 06/29/2006 - 23:21

( Posts: 216 | Credits: )


Thank you all very much!!! I appreciate your assistance. I'll be sending off some letters next week for verification of paid in full (and stipulate in the letters that "no response to this request will be considered as agreement that the loan is paid in full". I know I'll probably word it another way(a better way).
Thanks again!
Rayray


lrhall41

Submitted by hrm7468 on Fri, 06/30/2006 - 09:37

( Posts: 24 | Credits: )