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Posted: Tue Jun 19, 2007 9:40 am Subject: i have closed my account today

Ok i have closed my account today my payday loans are due out on 6/22/2007

ameriloan 250 pd 225 take out 75
tendollarpayday 300 pd 735 take out 95
loanshop 300 pd 135 take out 45 a week
loanshop 300 pd 135 take out 45 a week
xpresscash 300 pd 390 takeout 90
cashdirectexpress 300 pd 198 takeout 66
paydaymax 500 nothing pd yet not until 7/13
i live in the state of nj so whatis my next stop
i need to send a garnish wage, revoke ach and what else

Posted: Tue Jun 19, 2007 4:57 pm Subject:

New Jersey prohibits payday loans. It is illegal for any company to lend in your state. You were liable to pay the principal amount only.

Posted: Tue Jun 19, 2007 5:42 pm Subject:

Just pay back what you legally owe to them.

Posted: Wed Jun 20, 2007 4:14 am Subject:

i was told that the internet loans are different.

Posted: Wed Jun 20, 2007 6:31 am Subject:

If payday loans are prohibited in your state, that applies to internet payday loans also. You are only responsible for the principal amount you borrowed. Make sure you get your letters out and file your complaints. Also, just to be on the safe side, take copies of your letters where you are stating that you revoke authorization for them to debit your account to the back where you closed your account. That way if these places try to continue to debit that account, the bank is aware of what is going on.

Posted: Wed Jun 20, 2007 7:13 am Subject:

I think you should work to repay what you owe by law or the principal amount whichever is greater. If you really want a fight you could push tendollarpay for a partial refund if you overpaid according to your state laws but that will be a tough battle since they are going to fight back saying you still owe them money. Make sure you pay your important bills first before you pay these guys though. These are rent, auto and utilities. Also keep on your bank and make sure they do not force open your account and charge you a bunch of fees for bounced payments.