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Posted: Tue Apr 10, 2007 7:57 pm

I live in North Carolina. My husband and I were in danger of losing our home so I got a payday loan to get us through. I now have at least five loans and I don't know how to pay them off. The fees take up and entire week's paycheck. I do not have a banking account but I am an authorized signer on my husband's account. This is also messing up his credit. How do I find out all of the companies I have a payday loan with, their address and how to make a financial arrangement? Some of the ones I know for sure are 11-Mesa Financial; 3-Midland Market; JD Marketing Group; M1Y Direct; and Omega Capital. I am a responsible person and I want to take care of my debts, however, the fees on these loans take an entire weeks pay and I can't pay my other bills such as house payment, car payment, student loan or utilities. Please advise me on a course of action to take.

Posted: Tue Apr 10, 2007 8:17 pm

Welcome to the forums. First of all payday loans are ILLEGAL in North Carolina. That means you need to contact your Attorney Generals office Consumer Division IMMEDIATELY!!!! They will help you, chances are if you have been paying the fees you have already paid back the principal. Enough is Enough you have to live. Give the AG a call they will help you. Also go to http://www.paydayloaninfo.org and look this up for yourself. Best Wishes KYSIDE38

Posted: Wed Apr 11, 2007 11:04 am

First, I am pretty much in the same boat you are. Recently had my car repoed because I had gotten behind on this and that and was using PDL to keep things going.

Start by going through your bank statements and contact your bank to get the business phone numbers and any other information they may have. Then I'd suggest reading over the website kyside suggested as well as the forums here.

Contact all the companies and tell them you are revoking their authorization to post ACH debits or checks to your account. Figure out what you really owe - according to your state laws - and go from there.

Good luck and keep us posted. There's lots of great advice on this site, you've come to the right place!

Posted: Wed Apr 11, 2007 11:40 am

tcroyle ~ I am also in NC. So know you are not alone. Fees were killing us too and we had 6 loans.

First thing you need to do is list all that you have got loans through, how much you borrowed and how much you have paid each of them. This gives you a chance to see how much you have paid out.

Also, as stated above, contact each of the companies and let them know that you are revoking authorization to debit your account, contact your place of employement or your employer and any wage garnishment. Send a copy to the companies either via email or USPS and if you send through, make sure you get a return receipt.

You will want to contact your bank and see about stopping the ACH debits. You may need to go to the bank with copies of your letters as proof showing that you have revoked authorization for them to debit your account. These letters will also help if they continue to debit the account to get the ACH transactions reversed, if your bank will do this.

PDLs are prohibited in the state of NC. When you do your letters to these people, you want to make sure they know how much your borrowed, how much you have already paid them and you will also want to let them know the law of NC. They will try to tell you that they are not doing business in NC but they are. Be ready for all kinds of threats and such once they get your letters or have their transactions reversed. Do not let the scare you. You need to stay strong and not let them intimidate you.

Also file complaints with the Attorney General and even the BBB.

I am dealing with 3Midland right now. When they got my stuff, I was told I was going right to the collection agency. I also filed a complaint with the BBB and have been dealing with them there. They are butts, but I am staying strong, just as you need to do. None of these companies are registered to do business in the state of NC and are operating illegally here. They are not suppose to loan to anyone in NC, so you do have the law on your side.

Now if you still owe on the principal, I do feel you should at least pay that much back. I think NC has a cap of 32% or 36%, I can't remember which, on small loans. So at least pay them back as to what they would be entitled to and not a penny more. If you hav over paid them, you can request a refund, but do not hold your breath. Better not to expect one and receive one then to expect one and not receive it.

It will be ok. You have taken the first step. Read through the forum and you will find a lot of information, what these companies do to try to get you to pay, etc. Knowledge can be a powerful tool. You will also find a lot of support and encouragment here. Hang in there, it will all work out!

Posted: Wed Apr 11, 2007 12:37 pm

Welcome to the forums! You will find this a wonderful place for emotional support and everyone will do their best to answer your questions and help in any way they can. People on here have a ton of knowledge and experience. This forum has saved my life and helped me take control back. Good luck to you!

Posted: Wed Apr 11, 2007 6:17 pm

That is awesome, you have some one here from your state that just went through the same situation. 2nd band can be your mentor through this whole situation. Great!

Posted: Wed Apr 11, 2007 6:21 pm

Most states where pdls are prohibited will tell you only pay the principal back and some will even tell you that you don't owe them a dime. Check with your state. I personally would only pay the principal back, I don't care what others morals are, these companies obviously have none and take advantage of others.

Posted: Wed Apr 11, 2007 6:51 pm

Amen to that one Steelers. I would pay back the principal and not a dime more. Payday loans are ILLEGAL there so they did the wrong thing in loaning the money in the first place. You are exactly right on another thing they have no morals they do not care if you loose your home, cannot pay your power, feed your family as long as they get their interest. Pay the principal and not a dime more. They are lucky to get that back. KYSIDE38

Posted: Wed Apr 11, 2007 6:54 pm

kyside have i told you that its good to have you back???? You were missed!

Posted: Wed Apr 11, 2007 6:57 pm

Thank you Leah, I am back with a vengenance!!!! KYSIDE38

Posted: Sun Apr 15, 2007 7:18 am

tcroyle, any updates? We are all here to help you. Let us know how it is going?

Guest · Posted: Mon Sep 10, 2007 5:20 pm

Does anyone have any info to share from Delaware?

Posted: Mon Sep 10, 2007 5:56 pm

guest, what kind of information are you searching for regarding Delaware?

Seslucke · Posted: Sun Sep 16, 2007 2:39 pm

Does anyone have a way of contacting 3-midland market loans? I have a loan with them and want to pay it off, but don't know how to contact them. I will talk to my bank tomorrow and see if I can get any information from them as to where the fees originate from and maybe a contact, but would like to see if anyone has any info out there. thanks

Posted: Sun Sep 16, 2007 8:45 pm

ses, I found this information doing a search on this site. I'm not real sure how accurate it may be; however, it could be a starting point at least. Very Happy

PO Box 901795
Kansas City, MO 64153
800-783-4936

Posted: Sun Sep 16, 2007 9:50 pm

Something leaves me to believe that they may be part of Westbury Ventures/DMS Mktg/Loan Shoppe/Express cash to name a few as DMS Mktg is based out of Kansas City, Mo as they are related to one another.

Keep us updated and follow everyone's advice we have all been the same boat.

ladybug

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