10-23-2007, 10:26 AM
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I need help
I currently have 7 internet payday loans. The fees are killing me!
Loan Shop [/b]$300 - paid $450 fees SJM Marketing $300 - paid $450 fees United Cash Loans $300 - paid $450 fees plus $50 xtra for principal - now owe $250 TJF Corp - $300 - paid $180 fees Arrowhead - $300 - paid $90 fees ECash - $300 - paid $90 fees CMG Group - $250 paid $75 fees Can someone please help me figure out what to do? I cant keep going like this. They took $615 out of check this past friday in fees alone! OUCH! 
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10-23-2007, 10:28 AM
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Please let us know , what state you live in. Are the above the totals that have been repaid.So for example CMG you only paid back 75.00?
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10-23-2007, 10:40 AM
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Im sorry. Im new to this site. I live in Ohio. And yes the paid amount is how much I have paid in total. The CMG loan is new.
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10-23-2007, 11:01 AM
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Here are the laws for your state Ohio (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html __________________
In life it doesn't matter how hard you hit, it matters how hard you get hit and keep moving forward.
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10-23-2007, 11:06 AM
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thank you for the laws in Ohio. Im sorry for asking a dumb question, but what does it all mean in terms to the internet loans? What are my options here?
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10-23-2007, 11:26 AM
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Sorry, I was interrupted and did not get to complete my post.....
The first thing you need to do is close your bank account. You do not want the pdl's to have any more access to your money. Please read this before you close your account. It has some really good informaton.... http://www.debtconsolidationcare.com...e-account.html You need to get the account closed with the assurance (and something in writing) that these pdl debits will not hit and force your account back open. If they can not promise you this, then you need to get a hard debit block put on that account. Nothing will go through. Then you need to take your money to another bank and open a new account. Take care of this and we will work on the pdl issue. __________________
In life it doesn't matter how hard you hit, it matters how hard you get hit and keep moving forward.
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10-23-2007, 11:38 AM
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Thank you. One issue though. The bank account I have is the bank I work for. How do I get the account closed or blocked when its my employer?
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10-23-2007, 11:51 AM
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Good question
 Would it be possible to explain to them that you have had unautorized activity on your account and you wish to close the account to prevent further withdrawls and that you have filed complaints with the bbb and the Ohio Divison of Financial Institutions and this is what was advised by that agency. (you need to file complaints with them anyway) If you feel you must, you can open your account at your bank however, you want to be sure that the two accounts will not be linked. That they will not use money from the new accounts to pay for debits to the old account and that the old account can not be forced open. Your other atlernative is to come clean with your supervisor and go from there.
__________________
In life it doesn't matter how hard you hit, it matters how hard you get hit and keep moving forward.
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10-23-2007, 11:53 AM
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Great advice Roxy!!!!
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10-23-2007, 11:54 AM
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Thank you...nice to see you!
__________________
In life it doesn't matter how hard you hit, it matters how hard you get hit and keep moving forward.
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10-23-2007, 12:00 PM
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Aminah-I also work for a bank
And I have employee checking. I called the employee financial services that handles retail accounts, gave them a brief introduction of what my issue was and had no problem closing the account and opening a new one. My manager was not involved at all! I can understand your concern...believe me.
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10-23-2007, 12:02 PM
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I agree! That sounds like a good way of putting it to my employer. I will try that first. But what about my direct deposits? Should I keep it open until it gets routed to the new account?
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10-23-2007, 12:04 PM
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Thank you volleyball mom. Did you tell them about the payday loans?
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10-23-2007, 12:08 PM
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If your money goes into the old account the pdls will take it. Just have your direct deposit put into the new account. If you dont have enough time for that, just get a paper check,until your new account will accept the direct deposit.
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10-23-2007, 12:14 PM
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I know here, I need to have my direct deposit changes in 5 business before the next paycheck.....and you cannot get a paper check either if its within that time frame.
How quickly can you get the direct deposit change done? Yes, I told the person over the phone a brief summary,...got these illegal pay day loans and I need to close my account.
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10-23-2007, 12:17 PM
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I think I have enough time to change my direct deposit. What do I do about the outstanding checks I wrote to pay my bills?
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