Hi! I'm hoping to get some advice here...I've been reading through old posts and it seems there are a lot of knowledgeable, helpful people on this site.
Up until last month, I had 3 outstanding PDL's...last month I got an "installment loan" from Thinkcash (division of paydayone). I used it to pay off my 2 smaller pdl's. My fee every pay for that is only $83 - way better than the $300 just in fees for the 2 loans! Anyhow, I only have one PDL left (besides the Thinkcash loan I just opened)...it is with Paydayone (internet). I cannot afford to keep paying these fees! I've had it for over one year now! The principal is $850...I've gotten it down a few times but when I can't pay the fees I have taken the increase. I just looked over my bank records and I have paid $1,783.10 to date w another $200 scheduled to come out on Friday (fees only)!! This cannot be legal, right??
So that's it..sorry to ramble..I have 2 outstanding loans but am really only concerned w the paydayone year old debacle. I'm a single mom who only makes $1500 a month, the $4oo in fees is taking away our grocery $! If I get groceries I can't pay my car pymt or rent!
I'm so ashamed, I can't even sleep. We live in PA....
I'm scared to close my bank account because I had to give my boss's name when I applied - would they really contact him?
Please help me!!