Help me..............I am losing it!

Okay........here it goes! Back in 2003 I went to a really really expensive private school so that I could try to get my schooling over with because you could earn a degree in one year or less. Yah that was a very bad idea. I ended up failing almost all of my classes. Well then I got slammed with the huge tuiton payment that was over 3 thousand dollars. Well at the time my parents couldn't help me with it and they kinda treated it like my punishment for screwing up school was that I had to pay my tuition. Well I was doing okay making payements on the balance until about 2006 the beginning of the year. I was inbetween jobs like you wouldn't believe. Well finally in the last couple of months the collection agency was threatning to sue me cause I stopped making payments. I couldn't afford them sorry! So stupid me decided to go online and take out a few payday loans (more like 9 payday loans) and now I am TOTALLY SCREWED!!!!!!! Sure I paid a lot of my tuition off but now I can't pay the loan companies off. Today at work I got a threatening phone call from this horribly mean man saying that they are filing a case against me bcuz they believe I have no intent to pay off my debt. THAT IS JUST WONDERFUL! I had to close my chking account and reopen one bcuz I owed the bank so much money. I have dug myself my own grave. HELP ME.........WHAT DO I DO?!

What state are you in and how much were each of the pdls for? Could you please list the companies that you are dealing with?

Are these storefront pdls or pdls you obtained over the internet? All is not lost here, and you can dig yourself out of this.

I am in Indiana.

*US FAST CASH 200
*D&L MARKETING 390
*ROUTE 66 FUNDING 260
*UNITED CASH LOANS 160
*PAYCHECK TODAY 260
*DMS MARKETING 260
*NLS CASH ADVANCE 390
*MTE FINANCIAL 260

They are all internet loans

Calculate the total payments made on each account. Then, check for the companies licensed in your state. Those with a valid license are allowed to add charges and fees on your account. But those who are not licensed in your state, you have one point in your defense. Refer to your state laws for knowing the permissible charges.

Here is the link to your state's pdl laws. Also, it appears IN does not allow roll overs. You will also need to file a complaint with your state's AG office as well as with the Dept. of Financial Institutions which the link below provides contact info. to do. Another note: MTE was just ordered by Oklahoma to cease and desist all operations which includes collecting on current outstanding loans, you should also file a complaint with Oklahoma's Attorney General's Office regarding MTE.

http://www.paydayloaninfo.org/state_detail.cfm?id=IN

Where do I go on my state attorney's page to find out if these payloan places are licensed in my state?!

What is a roll over?! Yes I am retarded!

peacebear, click this link

Licensee Database

Here is the link to your AGs website. I'm pretty sure that none of the internet pdls are licensed in your state, you will even find that at times they aren't even licensed to operate in the states they are located in.
http://www.indianaconsumer.com/filecomplaint.asp

What exactly can I do then if they are not licensed?!

A loan in which the borrower has the option to renew the loan upon maturity. According to the state laws, there is a fee on every rollover done. Like Steelers saw in the IN link, the state doesn't allow any company to rollover the loans.

So this rude guy that called me today saying that if I don't pay them 600 some odd dollars today or they will sue me. Is he just trying to threaten me or can he really do that?! He is with D&L Marketing.

You get a strong hold if it's found that the pdl company is not licensed in your state. You have the legal rights to refuse any additional charges tucked in your account. First confirm the licensing of the company and the total payments done on each of your pdls

On my states AG website if the company is not on it that means they are not licensed right?! So that means what to me?!