I am in official payday loan default

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Well, on Friday I officially defaulted on all of my payday loans. The debits did not go through because I changed my account information. Actually ONE did go through after I faxed, mailed and e-mailed the company a letter unauthorizing them to debit my account. Luckily for me, they responded to the request via e-mail and fax threatening to bring charges against me. So I took that information to the bank and filed penalty of perjury complaints against the company. Now I just have to wait for the bank to put my money back into the account. Anybody ever gone through this process? I need to know how long it will take for the bank to put the money back. I know that the other companies will continue to try to debit my old account, just praying no more debits sneak through.




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Sub: #1 I live in Texas and have defaulted on a internet pdl with ace ca
Fri, 05/06/2011 - 10:15

I live in Texas and have defaulted on a internet pdl with ace cash express. They are threatening to contact my employer. Can I be charged or does it just go against my credit? I don't know what will happen and I am scared. Please help.




Shazzers


Posts: 17425
Credits: 159275.2

Sub: #2 Quote:i have defaulted on 5 internet loans and two store front l
Thu, 01/20/2011 - 18:57

Quote:
i have defaulted on 5 internet loans and two store front loans. i keep get threatening messages from a company in virginia with an indian speaking voice. he states the police will be at my job or home. the inernet companies are saying i commited fraud. is this true i live in texas. i was paying all of the service fees until i had two deaths to pay for. help

Completely untrue.

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Ohio Payday Loan Laws




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Sub: #3 i have defaulted on 5 internet loans and two store front loans.
Thu, 01/20/2011 - 18:56

i have defaulted on 5 internet loans and two store front loans. i keep get threatening messages from a company in virginia with an indian speaking voice. he states the police will be at my job or home. the inernet companies are saying i commited fraud. is this true i live in texas. i was paying all of the service fees until i had two deaths to pay for. help




paulmergel


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Credits: 135803.21104969

Sub: #4 Quote:Originally Posted by Anonymouswhat do u do if u have a col
Wed, 09/15/2010 - 06:57

Quote:
Originally Posted by Anonymous
what do u do if u have a collector for a payday place call u and say that if u dont pay so much by tonight that u get get court papaers and will be charged with fraud


tell them you want something in writing first.then file a police report as the idiot broke the law with the fraud threat.then ignore their sorry a$$ as all they can do is illegaly threaten.you won't be sued,or arrested by this person.

giving hope to the hopeless,help to the helpless,and hap to the hapless.




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Sub: #5 what do u do if u have a collector for a payday place call u and
Wed, 09/15/2010 - 06:48

what do u do if u have a collector for a payday place call u and say that if u dont pay so much by tonight that u get get court papaers and will be charged with fraud




Shazzers


Posts: 17425
Credits: 159275.2

Sub: #6 Quote:Originally Posted by AnonymousI just went into default wit
Tue, 02/16/2010 - 10:17

Quote:
Originally Posted by Anonymous
I just went into default with my payday loans. I am in CA. I have closed my bank account and my bank worked well with me. I am trying to make arrangements with them, but I am not able to pay what they want me to pay. Is it better to just pay what I can every two weeks or let it go until I can pay in full? Also,I have one company that refused to take my payment because I would not write a new check out with the new amount owed. They put me down as a refusal to pay...is that legal? How long will it take them to start adding fees to my collections?

First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws




Unregistered

Sub: #7 I just went into default with my payday loans. I am in CA. I ha
Tue, 02/16/2010 - 10:14

I just went into default with my payday loans. I am in CA. I have closed my bank account and my bank worked well with me. I am trying to make arrangements with them, but I am not able to pay what they want me to pay. Is it better to just pay what I can every two weeks or let it go until I can pay in full? Also,I have one company that refused to take my payment because I would not write a new check out with the new amount owed. They put me down as a refusal to pay...is that legal? How long will it take them to start adding fees to my collections?




Shazzers


Posts: 17425
Credits: 159275.2

Sub: #8 Quote:Originally Posted by AnonymousI have about 6 storefront pd
Thu, 11/05/2009 - 14:10

Quote:
Originally Posted by Anonymous
I have about 6 storefront pdl's. I have defaulted on half of them. I am still paying the other half. One sent the check thru and I need to contact them about paying the bounced check. Another one is threatening me with a felony. I took it out hoping to keep from defaulting on another one. Then couldn't make the first payment. I called and asked about a repayment plan and was told they don't do that.


Please start a new thread with the following information and we might be able to help you:
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws




Unregistered

Sub: #9 I have about 6 storefront pdl's. I have defaulted on half of th
Thu, 11/05/2009 - 13:58

I have about 6 storefront pdl's. I have defaulted on half of them. I am still paying the other half. One sent the check thru and I need to contact them about paying the bounced check. Another one is threatening me with a felony. I took it out hoping to keep from defaulting on another one. Then couldn't make the first payment. I called and asked about a repayment plan and was told they don't do that.




Unregistered

Sub: #10 Who is t&C?? Are they a company that helps you with pay day loan
Sat, 10/31/2009 - 13:19

Who is t&C?? Are they a company that helps you with pay day loans??Please e-mail me at I would love to find a company that will help me out of my payday loans???HELPPP

Email address removed by Shazzers for your protection, and against the TOS.




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