Should I send debt validation letter for payday loans?

10 Answers

I have loans with CashCall, PepperCash and White Hills. They are all installment loans. I have paid Pepper Cash WAY more than the principal. I'm going to close my bank accounts shortly, what should I do after that? I have the ability to borrow from my 401K to pay CashCall and White Hills since I have not paid the full amount borrowed yet, however with PepperCash I have paid them 5X what i borrowed in interest alone. I live in IL btw.


I have loans with CashCall, PepperCash and White Hills. They are all installment loans. I have paid Pepper Cash WAY more than the principal. I'm going to close my bank accounts shortly, what should I do after that? I have the ability to borrow from my 401K to pay CashCall and White Hills since I have not paid the full amount borrowed yet, however with PepperCash I have paid them 5X what i borrowed in interest alone. I live in IL btw.


I live in IL btw.


I have loans with CashCall, PepperCash and White Hills. They are all installment loans. I have paid Pepper Cash WAY more than the principal. Im going to close my bank accounts shortly, what should I do after that?


Payday lending is prohibited in Massachusetts. You owe nothing more than the principal. No interest, no fees. Close down your old bank account and open a new one to stop debiting money from your account. Ask them for a refund, if you have overpaid them.


Can you recommend a company who can validateand settle payday loans for me?


For the illegal loans, you only owe the principal amount and not the interest rates and the other fees. You can try settling your debts through a debt settlement company in order to reduce the outstanding balance that you owe.


Payday loans are illegal in MA  However your CashnetUSA loan is an installment loan.

For the other 2, follow the link in my signature line for information on how to deal with them.  you owe principal only, no fees or interest.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

I live in Massachusetts. I borrowed by Western Sky, CashNetUSA and CashTaxi. I have borrowed $250, $450, $550. I have paid back $300, $250 and $178. 


Before even thinking about a DV, answer these questions.

What state do you live in?

Who did you borrow from?  How much ?  How much have you paid back?

It is possible that your loans are not even legal...

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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