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Posted: Wed Aug 08, 2007 2:28 am Subject: Payday loan cycle...HELP.

Aaahhh....where to start?? So, I started with one payday loan. It turned to 2, 3, 4...let's stop there. I feel like a fool...the more I read about everything people have gone through. Anywho, I want to be done with this mess once an for all. SO, here's the deal.

Loan Companies:
GFSIL
AIP
WorldWideCash

I emailed GFSIL requesting a statement of my account...they called back saying to check my bank statements for that info. By my calculations, I have paid WAY more than the $200 I borrowed. Now what??

AIP
I haven't paid any of the principal...but, with all I have paid in fees, should this be PIF???

WorldWideCash
Same as AIP. Haven't paid on principle, but, paid tons in fees.

Any help is GREATLY appreciated!

Posted: Wed Aug 08, 2007 4:11 am Subject:

Do you want to talk embarrassed? How about 15 payday loans. I have found this site to be free of judgements, we've all been there and done that in some sort of way. Now to your questions. Provide the state you're in, the amount borrowed and the amount paid (including fees) per loan. I'm sure someone will jump in and help. Good luck.

Posted: Wed Aug 08, 2007 5:52 am Subject:

As was stated, provide the information requested, state you are in, how much you borrowed from each place and how much you have paid each one. I am assuming these are all internet loans? Once you provide the information, we can help you from there. In some stated, payday loans are prohibited, some states have caps on what they can charge, some only allow one loan at a time, etc. You can check your state law yourself to see what it says about payday loans. Hang in there

Posted: Wed Aug 08, 2007 7:50 am Subject:

AIP is fairly easy to deal with. File a BBB complaint on them. I dealt with them and they marked me PIF with no problems after I filed the BBB complaint, and I know they have done the same for others that filed with the BBB too.

Posted: Wed Aug 08, 2007 2:21 pm Subject:

Thanks everyone!

I am in California.

All loans were for $200, and all my payments have been for "refinance/rollover fees."

I have paid all the loans more than 2 or 3 times over...makes me feel stupid thinking about it.

Again, thanks!

Posted: Wed Aug 08, 2007 5:04 pm Subject: CA

Figure out how much you've paid each of these pdl's. Rollovers/extensions are prohibited in your state. Of course, I'm sure, you've overpaid every one of them. And from what I can tell, none of them are even licensed. Here's CA law for you to look at:

Posted: Wed Aug 08, 2007 6:00 pm Subject:

Please don't feel "stupid"! We all did it...that's why we are here...we learn the laws, take care of it...and help others in the same way. And since we learned such a "big" lesson...we never do it again!! Smile