I have the following loans: :oops: :oops: :cry: :( :(
Eastside Lenders- Internet
Borrowed $600 on 5/29 have paid $600 4 roll overs
GECC Borrowed $400 on 1/30 have paid $ 1175 12 rollovers
Paychecktoday Borrowed $ 300 on 6/16 have paid $180 rollovers 2
LoanShop Borrowed: $ 400 on 5/21 have paid $480 rollovers 4
CMG Borrowed $300 on 6/16 have paid $180 rollovers 2
FTR borrowed $300 on 5/1 have paid $540 rollovers 6
Geneva borrrowed $300 on 7/1 have paid $ 90
This week ALL of these would have rolled over again. I have closed my account. I live in NH, payday loans are suppose to be licensed in my state, I don't think any of these are, I couldn't find them on the web site. NH does not allow roll overs and loans can only be for a maximum term of 31 days. As of 7/31 there is a new law that will cap the interest rate, but I don't think that would count for already exsisting loans.
It looks to me that I should over Geneva $300 CMG $180 and Paycheck today $180, and possibly something for Eastside Lenders since I have only paid back the principle. I have called them and have letters ready, but I think the nightmare will start this week when their payments are returned. I will be mortified if they call my boss. I would consider the others paid, some have broken their own rules about only rollover 4 times...but they will all tell me I have not paid the principle.
I also have cashcall. I sent them my new banking info, I was late with them before and don't want to go there again. I wish my state capped the interest before I took out that one...
I am not stupid, I knew I shouldn't take these out. I haven't made a car payment etc, because they take my whole check. I am embarrassed and don't know what to do. Credit Couseling Services can't help with PDL's and I don't trust Langhorn(?) If CCCS can't work them them I can't see how this company can.
What can I do any sample emails?