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 Posted: Fri Mar 02, 2007 11:03 am |
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Unclear about the nj laws as mentioned below
I want to cry right now
Below is what i have paid to each.
Emrald marketing borrowed $300 pd $630 in fees
500 fast cash borrowed $300 pd $410 in fees
ameriloan borrowed $200 pd $240 in fess
Gfs borrwed $200 pd $365 in fees
Geneva borrowed $300 pd $270 in fees
What do i do now. Please help before i jump off the bridge.
There taking money out monday 3/5/07 is there anyway to stop it.
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vanessab782003
Joined: 01 Mar 2007
Posts: 8
Debtcc Points: 383
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| Posted: Fri Mar 02, 2007 12:14 pm |
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Close you bank account today
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HT07
Joined: 06 Nov 2006
Posts: 86
Debtcc Points: 898
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| Posted: Fri Mar 02, 2007 12:17 pm |
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That won't work. Her pdl's will pull on Monday, which means that the transactions have already been started. Just closing the account will not work because banks will force the account back open for ach transactions within 30 or so days.
I sent you a pm with my suggestion, but I don't want to post it here . . . . .
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goudah2424
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Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111673
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| Posted: Fri Mar 02, 2007 12:27 pm |
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"Please help before i jump off the bridge."
Whoa...if that is an exaggeration, it is not appropriate, and I am very much not amused. If you are serious, stop, call your doctor or local ER, and get some help. Suicide is not the way-take it from someone who's tried-life eventually does get better.
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The only people with whom you should try to get even are those who have helped you.
-John E. Southard
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Morningstar
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Joined: 06 Feb 2007
Posts: 1651
Debtcc Points: 10710
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| Posted: Fri Mar 02, 2007 12:41 pm |
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Payday loans are prohibited in NJ. Be aware of your legal rights and fight against the lenders doing illegal loans in your state. Don't make any wrong move out of depression. Nothing is going to happen to you. I see you have already paid the principal amount to each lender except Geneva Roth. I don't see you legally owing to anyone. These lenders are tying to make more money out of you. Don't allow them to do it.
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Ruby
Joined: 08 Mar 2006
Posts: 119
Debtcc Points: 2104
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| Posted: Fri Mar 02, 2007 3:35 pm |
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you should look into your state laws before assuming they are prohibited. just b/c it may say that they are illegal in your state it may be true if they company is based out of that state. if you get a loan from a diff state it is not illegal. You also have to consider the intrest added onto the loan for leaving it out. they do charge your a renewal fee each time the loan is not paid.
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whoknows
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Debtcc Points: 100
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| Posted: Fri Mar 02, 2007 3:45 pm |
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What you are saying is state dependent. Some states specifically made it illegal for pdl's in other states to lend to their citizens. Only in very rare cases is it legal for a pdl that's licensed in one to state lend in another state without having to comply with that states laws (PA is an example).
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goudah2424
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