i have two pdl's at two small store front
a-z cash for 1,000...they own 3 stores in three diff. Cities in texas. I took out the loan about 5 months ago, then our water pump went out on our truck which ended up costing us 250.00 to replace, i was unable to pay the rollover for that month so i stopped my debit card, so they could not debit the 200.00 out they needed for that month. I've defaulted in paying anything, so this very month 2 months later i receive a letter...very cheesy letter (made off of a computer) stating the acct #, my name and the amount showing i owed 1,200.00. Also stating to me that they would seek legal action with the d.a. if i did not respond and try to work matters out with them over this loan. I called and explained my situation. The man (william, store mgr.) Stated he would have to have at least half the money then they could work out payment arraingements. Well crap now i dont know where i stand?? Are they going to prosecute me?? At the end of this letter it also states "this is an attempt to collect a debt, and is used soley for this purpose" something to that effect. I dont have half the money they want, so now dont know what to do, but to sit on it and sweat or go on with my life and see what becomes.
I have another payday loan that i have paid some on at another store front called swift...they are small with only 3 stores. I have not heard a word from them, and owe them 700.00, stopped paying them after the situation above. Closed out my checking acct. And started a new. I'm really not sure what to do. I live in texas and i have been trying to find out our laws are, but to no avail have i found anything. Not even sure if the d.a. will speak to me over a situation like this, and if it was to go that far, if they would even work with me on payments. D.a. is diff. From the attorney generals office. Any suggestions please???