I live in the State of Missouri. I am in the middl

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Sub: #1 Missouri Payday Laws
Replied on 05-12-2011, 10:25 AM
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I live in the State of Missouri. I am in the middle of crazy Payday Loan (they were all online!!) downward Spiral. I have to take one out to pay off the other and now I cannot get caught up.

I was thinking about closing my checking account to make payment arrangements with them. I already am in the hole with my account and cannot pay even the finance charges this week. That or I might possibly go through bankruptcy (I have various debt besides these). But am so afraid of Missouri Law and that I might be arrested. I do not know what to do. I know now that these loans are a horrible idea and it has sucked me financially dry. I can't seem to find a way to dig out of it all... please help!!!

Below are the places I owe payday loans to and the principal amount:

National Payday - 339.85
Advance Me Today - 300.00
Americash - 375.00
Check City - 500.00
Mypaydayloans - 400.00
Payday Max - 500.00

Any advice would be sooo appreciated!!!

Last edited by miss_amy_30; 05-12-2011 at 12:36 PM. Reason: Add something
Sub: #2
Replied on 05-12-2011, 07:04 PM
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Payday loans are legal in Missouri. But you cannot be arrested for the non-payment of payday loans. You should contact the Missouri Division of Finance in order to find out whether or not the payday lenders, to whom you owe money, are legal. If they are legal, then you should negotiate for a payday loan consolidation and get rid of your debts.

If they are illegal, then you should check out the given page in order to know how you can deal with them: http://www.debtconsolidationcare.com...-dealings.html




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