Debtconsolidationcare: Internet's first get-out-of-debt community
473,117 members

Internet's first get-out-of-debt community 472,096 members


Debt Consolidation Forums Payday Loan help

Please Help Me!!!!!



kcooks3973

Posts: 51
Credits: 2413.2
[Donate]
Sub: Please Help Me!!!!!
Wed, 17/09/2008 14:33

I know these loans are illegal and I have posted so many times on here. I am just ready to makes arrangements (except with stcadvance, they owe me money) So can someone suggest a letter I can use and should I also include illinois laws and let them know I have reported them to my ag, bbb, and Division of Financial & Professional Regulation. No one is working with me. When I first came here and outlined my loans, I was told they were illegal but that I am not even sure.
The financial and professional regulation said there is nothing they can do for me. I am now to the point if it takes me 6 months to pay these off, I will. Can someone suggest a letter or wording I can use to try to reach possible settlement or payment arrangements? Bank of america claims I cannot do a balance hold and I am being charged fee after fee. Please help me. I need to know what I can do and get it done, I am starting to get the calls at work.



Article Rating: 
paulmergel
paulmergel


Posts: 15333
Credits: 126494.28475864

Sub: #1 replyWed, 09/17/2008 - 14:33



as stated before,you owe 80.00.not a penny more.that is your settlement offer.do not let them sway you.

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


kcooks3973
kcooks3973
Posts: 51
Credits: 2413.2

Sub: #2 InstantcashusaWed, 09/17/2008 - 14:30



Instantcashusa


paulmergel
paulmergel


Posts: 15333
Credits: 126494.28475864

Sub: #3 replyWed, 09/17/2008 - 10:03



which pdl was this?you owe 80.00 nothing more.state that in your response.cite illinois law.the fact they are internet does not matter.do not back down from that.

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


kcooks3973
kcooks3973
Posts: 51
Credits: 2413.2

Sub: #4 I just got this automated email- How should I settle. I have alWed, 09/17/2008 - 09:47



I just got this automated email- How should I settle. I have already paid $180 in interest on a $260 loan.

I am not good with this so I need to not appear afraid and try to take control of the situation.



Your last payment was returned. We are now offering you a settlement
on this account prior to sending this to the credit bureau and a third
party collector. We attempted to contact you via email and telephone
on several occasions with no success. Please respond to this email
asap and advise as this is a one time offer that will be void after 3
business days. We accept the following forms of payment:

VISA
MASTERCARD
MONEYGRAM
DIRECT DEBIT FROM BANK ACCOUNT

Please respond ASAP to settle this account.



Thanks!


paulmergel
paulmergel


Posts: 15333
Credits: 126494.28475864

Sub: #5 replyWed, 09/17/2008 - 07:12



just saw this thread.do as the guest advises.have the ag,ftc,and bbb told you anything.just because they don't answer right away doesn't mean they aren't working on it.i didn't get a response from ms madigan's office until 2 months after i filed complaints.as far as work goes,have your co-workers say you no longer work there.if your bank won't work with you.cancel your direct deposit get a live check for 1-2 weeks,then set it up with another bank.i bank with a great bank. PM me for the name.this isn't gonna happen overnight my friend,but listen to the guest.go to your branch explain the situation.if they won't work with you then do as i advised.get control of things.it starts with your bank.

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


desperatelyseekingsanity
desperatelyseekingsanity

Posts: 1116
Credits: 5832.05

Sub: #6 BOA will do a balance hold (I've done it), but speak with a manaWed, 09/17/2008 - 07:03



BOA will do a balance hold (I've done it), but speak with a manager. (If your account is overdrawn tho, you may have to make it positive first.) Better yet, if you have direct deposit, tell your payroll dept. to immediately issue you a paper check and then close that BOA account. You can open another account and then have your paycheck direct deposited again.

IL Financial & Profession Regulation are useless. I got the same schpiel from them. The important thing is to report them to the IL AG office, the FTC and the BBB.

As to your loans, I am sure that if we told you they are illegal, then they are. To be sure, call the IL Div of Financial & Prof Dept and see if they are licensed.

As to letters, there are plenty here on this board. Use the search box above right and you will get results.

Good luck!


Unregistered

Sub: #7 Bank of america can and will do an ACH block on each company if Wed, 09/17/2008 - 06:59



Bank of america can and will do an ACH block on each company if you call the customer service number. Simply tell them that they are an illegal company, you have revoked their right to debit your account, and that you now want to make sure they don't try anything sneaky.

You can also close your account if it's at all possible. This will make sure they do not get any more funds.

I'm not sure who you are paying, or how much....I know that I never dealt with letters for my illegal pdl's. I called and calmly explained my state laws, that they were in violation, and told them what it was I was looking for. But I didn't do it until I had my exact figures of how much they charged me vs. how much I should be charged. Ducks in a row so to speak

Not every company is going to be compliant of course.


Add new comment

Full HTML

  • Web page addresses and e-mail addresses turn into links automatically.

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd><img>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.
Share post


Page loaded in 1.741 seconds.