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I am dealing with a really hard handed pdl company called Cash Transfer Centers. I am currently in this cycle of getting the loan, paying it off and having to reloan in order to pay other bills. I have currently been paying them approx $700/month in interest and have tried going through a debt consolidation program and they refuse to even discuss a payment plan. They are to the point of calling my family members and have even sent a notice to my payroll department - this is for a loan that was due on 12/7! What are my options here? I have tried numerous times to offer them a payment plan and they get downright nasty with me - even calling me a loser and telling me I need to just pay my bills... I am at my wits end!
get out now!
you need to cancel whatever consolidation program as they should have sent CTC a wage assignment revocation letter.you need to get one to your payroll dept immediately.CTC is in the UK and does submit wage assignments.btw how much did you borrow this time?those 700 debits get deducted from the principle as CTC is illegal in the US.so get the revocation letter to your payroll,and drop the consolidation as no pdl legal,or illegal will work with one.
Cash Transfer Centers is an illegal lender. You owe them only the principal balance, nothing more than that. Don’t worry mate, they can’t do anything. Close down your old bank account and open a new one to stop debiting money from your account. Don’t hire a debt relief company to consolidate your debts, they will charge a heavy fee. Moreover debt consolidation is not applicable for illegal loans.