Loan Management

PDLS are killing me... Pls help

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kimbri

Joined: 19 Nov 2007
kimbri's page
Posts: 1

54 Magic Points

Subject: PDLS are killing me... Pls help

Mon Nov 19, 2007 4:32 pm

I am a single mother who got a pdl for 200.00 they have taken 90.00 x 4 and just hit my account for 140.00. I called to get the payoff and was told I still owe 325.00. What can I do. I live in NC. I know this was stupid but was between a rock and a hard place. What can I do. How can I stop this?[/b]

debtstinker

Joined: 03 Nov 2007
debtstinker's page
Posts: 303

97 Magic Points

Tue Nov 20, 2007 1:32 am

Hi Kimbri, welcome to the forums. i would strongly suggest you visit the debt forum and type in their search bar (you'll find it on the upper right hand corner) north carolina pay day loan...you'll see that many people have had this problem adn that you're not alone. obviously this company has taken more than they need to and now that they have access to your bank account they can dip their hands in. So, please call your bank and see if they'll stop access to this company. you may very well have to close your current account and open a new one.
good news is (and i got this from the debt forum) is that pay day loans are prohibited in your state which means you fuly have the right to send them a letter demanding the stop of their collection practices. send it certified. please go to the debt forum as they'll have more info than i do presently but there's good news here. you can stop this! let us know how you're doing ok

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1409

34292 Magic Points

Tue Nov 20, 2007 10:56 am

Hi Kimbri dont worry. When did they hit your account? If it has not crossed the 60 days bar go ahead and ask your bank to do a reverse pay for you.
PDL's are illegal in NC as debtstinker mentioned and they have already taken more than the original loan. Kimbri stay away from the Pdl's they will just suck you out. During urgent necessity of cash talk to family or consider a payroll advance.
_________________
Regards,
Laura.

Dadummy

Joined: 15 Nov 2007
Dadummy's page
Posts: 638

176 Magic Points

Mon Dec 03, 2007 2:15 am

Have you made it to the debt forum, there is tons of information there with lots of people that have dealt with the payday loans, you will get lots of help there.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 2476

2725 Magic Points

Fri Jan 11, 2008 1:28 am

There are a lot of people there who are involved with the very companies that you are dealing with, go to the top of the page, click debt forum, and post your information there, some one will help you out.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!

Guest

Fri Jan 11, 2008 10:46 pm

you can try to stop the bank from advanceing the payments they nay charge a small fee but not what your paying now ask your bank for a solution. then contact legal services . good luck

Dadummy

Joined: 15 Nov 2007
Dadummy's page
Posts: 638

176 Magic Points

Fri Jan 11, 2008 10:54 pm

contack your bank explain it to them and put stop payment on that account and then contact a legal service in your area.


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