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Closed my account this week.. Help! WHAT NEXT?

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I have previously posted as a guest on here... I'm afraid that the PDL companies scan this forum, lol. I closed my account this week and am wondering what to do next. I set up EPPs with my storefront loans but have done nothing so far with the onlines, 10 of them. The threatening calls are starting to come in. The problem is that I have at least four of them ($300) loans that I have been paying $90 interest payments on every two weeks since January and February. I dont even know how to contact these ones because there is only a name; EME Marketing, SJM Marketing, Summit Group, Loanshop/Overlan. I wouldnt even know where to begin with these. I do know that there is at least one that is legal in my state, AZ. that is recent. Please help!! What is my next step?




have you sent your C & D (Cease and desist) letters yet?

I recognize some of these companies from postings here. Try and do a search for them here?

Sub: #1 posted on Sat, 07/19/2008 - 05:26

Unregistered


Well, you have closed your account. That is a start. Someone who can post and interpret the laws of your State will be along soon to help you out. I see you are from Arizona, you have made arrangements with your storefronts, and listed some of your online PDLs. Perhaps you could list ALL your PDLs, how much you borrowed, how much you have paid back and which ones are internet. Yes, you will need to draft and send out a C and D letter to stop the debits. I am sure that you have overpaid on some. Just give us the info and you will find the help you need from the good people on this board. Hang tight. Help is on the way.

Sub: #2 posted on Sat, 07/19/2008 - 05:42

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Yes, please post the info requested by llw. I'm going to post a sample letter that you need to get out to these Internet pdl's asap! Please omit the parts that do not pertain to you, but my concern is wage assignments. You need to get that revoked.

[quote]Name
Address
City, State
Account #

Date

Company Name
Address
City, State

To Whom It May Concern:

It has been brought to my attention that your company is not licensed to lend in my state, therefore making the contract I had with you null and void. I will agree to pay the principal amount of the loan, however, I will need a physical address to send payments in the form of money orders. These are my terms, if you are not willing to accept my terms, then you will not receive any payments.

You are hereby notified that I am revoking ANY and ALL ACH transactions made by your company on any of my personal accounts. If you make any attempts to do so, I will be forced to take legal action against your company. I am also revoking any and all wage assignments I may or may not have signed with your company, my employer has been notified about this matter.

As of today ________, the only contact you may make with me is either through email, or USPS. I also demand your company and any affiliates of your company cease and desist all contact with me (except what is stated above), my employer, or any references I have listed on my account.

Your cooperation in this matter is appreciated.

Sincerely,

Your name[/quote]

Sub: #3 posted on Sat, 07/19/2008 - 09:05

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

You did say that you closed your bank account. You should read this information to be sure that your account will not be forced back open:

http://www.debtconsolidationcare.com/paydayloan/close-acc ount.html

Sub: #4 posted on Sat, 07/19/2008 - 09:57

alias1958 alias1958

(Posts: 1230 | Credits: 79.88)

ONLINE
Netcashusa 500 80 every two weeks
Cashnetusa 500 88.25 every two weeks
( Ive had these two for a very long time. I pay the finance fee and then re-new them)

EME Marketing 300 90 every two weeks
SJM Marketing 300 90 every two weeks
Summit Group 300 90 every two weeks
Loanshop 300 90 every two weeks
(Ive had these four since January or February. None have re-newed and just continue to debit $90 each week. I also cant find any address or email for them)

pdayserv 1000 250 every two weeks
(I have used this one before for lower amounts. This is a re-newal of which I havent paid anything yet)

Northway 1500 1905 every two weeks (pays off and I have to renew it. Ive had this one for many months)
Cash Central 300 52.50 every two weeks
(Ive used this one before. This is a new re-newal. I'm pretty sure this one is legal in Arizona as the fee matches the allowed in this state.)

Sub: #5 posted on Sat, 07/19/2008 - 23:41

Unregistered


BTW...

Thank you to everyone involved in this forum. I have felt lost and alone in this (and embarressed) until I found this site.

Sub: #6 posted on Sat, 07/19/2008 - 23:46

Unregistered


Could you break this down a tad further?

ONLINE
Netcashusa 500 80 every two weeks
Cashnetusa 500 88.25 every two weeks
( Ive had these two for a very long time. I pay the finance fee and then re-new them)

So how much have you paid on the current loans?

EME Marketing 300 90 every two weeks
SJM Marketing 300 90 every two weeks
Summit Group 300 90 every two weeks
Loanshop 300 90 every two weeks
(Ive had these four since January or February. None have re-newed and just continue to debit $90 each week. I also cant find any address or email for them)

Is that $90 each, per week, since January or February? If that is the case I would say that you more than paid back what you borrowed.

pdayserv 1000 250 every two weeks
(I have used this one before for lower amounts. This is a re-newal of which I havent paid anything yet)

Northway 1500 1905 every two weeks (pays off and I have to renew it. Ive had this one for many months)

That's like $405 every time it renews, correct? Do you have a current loan out that will be coming due soon?

Cash Central 300 52.50 every two weeks
(Ive used this one before. This is a new re-newal. I'm pretty sure this one is legal in Arizona as the fee matches the allowed in this state.)

If this is legal than you will have to make arrangements to repay.


I see that the laws of your State have not been posted yet. Someone will get that info for you to get you started. Lots of stuff to sort through but it can be done, and will be. Once things start moving you will be able to breath a little easier. Know that you are not alone. You have a whole boatload of people willing to help out.
__________________________________

Sub: #7 posted on Sun, 07/20/2008 - 19:06

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Yes, on the 300 dollar loans I have been paying $90 each every two weeks since I started them.

On the Northway loan, its a $1500 loan that pays off every payday for $1905. I always have had to renew it afterward.

Sub: #8 posted on Mon, 07/21/2008 - 04:46

Unregistered


What about netcashusa, cashnetusa, pdayserv and have you found out if cash central is legal?

Sub: #9 posted on Mon, 07/21/2008 - 06:52

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

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