I have an issue. I live in Idaho and have gotten in over my head with pay day loans. I have been working with 3 companies and doing ok with them but I am having an issue with Speedy Loans. I borrowed $400 dollars and defaulted. The loan went in to default on May 11. On may 23 I received a letter stating that if I do not pay the $400 plus the $84 in interest and the $20 dollar returned check fee that they would proceed with filling for court resolution. I called them on May 25, to make arraingments with them. The told me that I had to pay the total owed by june 1, or they would turn it over to the courts. On that same day they attempted to take out the ballance by ACH withdraw and it was returned. They also attempted another ACH withdraw on june 4. I received a legal complaint letter in the mail today. I need some help to see if they are legal in my state and what I can do. No with fees they want $580. I can pay the balance off in september and can make payments till then but they wont work with me. Any advise would be great and also If I show up to court will the judge be will to work with the payment? These boards have helped me work with other pay day loan places but Speedy loans wont. Thank you for your help.
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