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Too many payday loans: How to come out of it?

Posts: 27
Credits: 1206.75
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I have been reading this site and i think it is great. I have pay day loans from hell... However, i have about $3000.00. I had to close out my checking account because of all the fees. I have too many payday loans. They where not worth it. I am in worse condition now then when i started... I do not know how to get these down. And they are all internet payday loans.




Bossy4455

Posts: 5855
Credits: 74303.05

Sub: #1 Welcome to the Community anna :D Don't feel as if you are alone
Thu, 08/02/2007 - 16:14

Welcome to the Community anna :D Don't feel as if you are alone! Many of us got caught up in the trap of pdls because of too many payday loans. Can you tell us what state you are in, the companies names, how much the loan was for and what you have paid? The reason I am asking is, in most states, the internet pay day loans are illegal, and operate illegally. We can direct you in the right direction with a lieelt more info-no personal info please-Keep us posted..Karen

As long as you are alive, there's always hope




Bossy4455

Posts: 5855
Credits: 74303.05

Sub: #2 oops! Forgot to say that I deleted your duplicate posts for you.
Thu, 08/02/2007 - 16:15

oops! Forgot to say that I deleted your duplicate posts for you..KAren :D

As long as you are alive, there's always hope




Morningstarr430

Posts: 2329
Credits: 41028.05

Sub: #3 Anna...as soon as we have your info we can start pointing you in
Thu, 08/02/2007 - 16:39

Anna...as soon as we have your info we can start pointing you in the right direction. With internet pdls..most of us had multiples and found that we had overpaid on many of them. You will feel so much better when you are able to gain some knowledge and take control of your finances again.:)

If you think you can, you can...if you think you can't, your probably right...




annaeppler
Posts: 27
Credits: 1206.75

Sub: #4 Too many payday loans
Thu, 08/02/2007 - 17:31

Too many payday loans
SURE, I live in PHILADELPHIA, PA

WHO I OWE -
CASHNETUSA - 960.00 - paid = $360.00

CASH CENTRAL - 375.00 - PAID = $150.00

ONECLICK CASH - 390.00 - PAID $180.00

NET CASH USA - 390.00 - PAID $90.00

UNITED CASH - 350.00 - paid $105.00

Crown lending - 325.00 paid $0

SORRY, IT TOOK ME SO LONG I HAD TO FIGURE IT ALL OUT, HOWEVER, THE AMOUT I OWE IS WITH THE INTEREST. I NEED HELP

THANKS




cannr

Posts: 9317
Credits: 129842.7

Sub: #5 anna
Thu, 08/02/2007 - 21:33

anna, just by glancing, I see you are in PA. From what I understand, PA has some kind of funky "loophole" regarding internet pdl's. However, I can tell you that two, right off the bat, are illegal. But also just by glancing, I see you haven't paid the principle on any of them. Am I correct in seeing this? Do not worry. You are in the right place and everyone can help you here. I'm not a PA expert. I just know there's something funky about PA and internet lending. But we do need to see which of your pdl's are licensed and/or legal. Like I said, just by glancing, two are not. We can help you with this. Don't feel alone. Someone with PA knowledge can tell you more, but I can also at least look up who's licensed and try to help some more. You already closed your bank account?




cannr

Posts: 9317
Credits: 129842.7

Sub: #6 anna
Thu, 08/02/2007 - 21:35

anna, you posted the amount borrowed and included the interest in it? Just post the amount borrowed (principle only) for each one. The amount they actually deposited into your bank account. Works better that way! :D




annaeppler
Posts: 27
Credits: 1206.75

Sub: #7 Yes, I already closed my account. However, I was worried until I
Thu, 08/02/2007 - 23:07

Yes, I already closed my account. However, I was worried until I found this web-site and realized I am not alone and there is a way out. I have know idea how to start putting a dent in this whole mess. How do I find out who is and who is not legal? Thanks for all the help And yes I included the intersted not knowing. sorry




cannr

Posts: 9317
Credits: 129842.7

Sub: #8 anna
Fri, 08/03/2007 - 04:38

Okay, they're all internet loans and you are in PA. You've already closed your bank account. Okay. Now go back and for each one of the pdl's list only what the borrowed amount was (what actually was deposited into your account) and then what you've paid on them so far. We can find your state law (PA is kind of funky) and also we can check to see if these pdl's are licensed. Please post the borrowed amount only for each one though. Thanks! :D




goudah2424

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Credits: 122481

Sub: #9 Yeah, in PA there is a bit of a disagreement going on between th
Fri, 08/03/2007 - 07:06

Yeah, in PA there is a bit of a disagreement going on between the Banking Dept that regulates these companies, and the Attorney General's office. One says internet companies are legal as long as they are licensed in their home state, and the other seems to say they aren't.

I would make sure to file complaints against these companies and see what kind of response you get. I know it has gone both ways . . . .

Also, did you end up owing money to the bank? Are you reported to Chexsystems?

How I make some extra cash

I earn at least $20 extra every month doing offers. And you don't have to pay a cent.




annaeppler
Posts: 27
Credits: 1206.75

Sub: #10 This is what was deposited in to my account from each pdl compan
Fri, 08/03/2007 - 07:48

This is what was deposited in to my account from each pdl company.....

CASHNETUSA - 800.00 - paid = $360.00

CASH CENTRAL - 300.00 - PAID = $150.00

ONECLICK CASH - 300.00 - PAID $180.00

NET CASH USA - 300.00 - PAID $90.00

UNITED CASH - 350.00 - paid $105.00

Crown lending - 250.00 - paid $0

Sorry about the miss understanding, however, no I am not in check systems because I closed out my checking account before they could hit it again. I also opened up a new checking account with a diffrent bank and NO ONE IS GETTING THE CHECKING ACCOUNT NUMBER except my regular bills.... I just want to do the right thing a pay these people. So, do I pay in payments or do I pay one pdl company at a time... I can't want until I have this under control... Thanks again.




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