Need Help With Payday Loans in Ohio
I have three PDLs and I need advice.
I am in Ohio
CheckSmart (Store) $575.00, due 11/7
Magnum Cash (Internet) - Borrowed $715.00, Paid 556.76 back so far, next payment of 277.93 due 11/7, and the last payment due 11/21
PayDay One (Internet) - $575.00, due 11/21
Not only can't I pay these all but I have overdraft protection of $700 on my checking account. Should I contact the bank and have them remove this? I can handle the $30 fee for each of these to bounce but I can't have one or two go through and have them clear only to owe the bank the money plus the fee.
I have direct deposit so if these clear because of the overdraft protection then my entire check will be gone. I can not stop the direct deposit as it is required were I work.
Does anyone have information on payment arrangments with Checksmart? Can I call before the loan is due and make arrangments?
I have already contacted PayDay One about arrangments though email but I have not heard back yet but I just sent it yesterday.
From reading the forums I hear Magnum is illegal in Ohio. If that is the case I really only owe them the principal which at this point would be $159.14 and not the $277.93 that is due tomorrow.
I had a loan a while ago with Advance America. I could not pay them and made arrangments. At the time I had no overdraft protection. They took payments and in the mean time I got the overdraft protection. After two months of making payments they ran the entire check through again and my bank paid it leaving me deep in the red. They did it on purpose to charge me another bounced fee not only from my bank but to them. They of course did not know I had the overdraft protection nor did they care. I went to them and complained. They refunded what I had already paid in payments.
I contacted the AG about it and received a refund from them for my bounced check fee and the fee they charge for bounced checks. I never thought I would get back into this cycle but here I am.
Any advice would be helpful. I know the laws have changed in Ohio but they are not in effect yet.
I not only owe these but I have borrowed from famliy and I need to pay them back as well.
It is all so frustrating and I need to get out of this before it gets worse.