I live in Arkansas any have gotten buried with these evil things called PDLs. I need any advice on how to take care of them and what I need to do...

These are the ones I have:

Ameriloan......300 paid 270
Big-Int.com...200 paid 665
Eastside Lenders...300 paid 0
One Step Cash...400 paid 240
High Country Ventures...300 paid 180
Jhs Marketing aka TJF Corp...300 paid 90
BMG...300 paid 90
Kingston Financial...200 paid 554
JVC Financial...200 paid way more than I want to say!!!
UsFastCash...300 paid 90
Webpayday...500 paid 675
Paychecktoday...300 paid 90

I know thats a lot of them, but times were hard, and now they are ever harder...

That's crazy! Pay day loans are awful and the interest is ridiculous. I would pay off the ones with the highest interest first, which would save you more money in the long run, but I've never gotten a pay day loan, so I'm not sure how it all works. I definitely would NOT get any more PDLs, though, that will just bury you even more!

Good news, all those loans are Illegal Meaning all you owe is the principal borrowed. Any fees/renewals paid toward these loans goes towards the principal balance.

You will definately need to secure your bank account ASAP! in the link below has steps on how to do so.

Please read HERE on steps to take when dealing with illegal lenders.

__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-

I ALSO HAVE THE SAME PROBLEM, I HIRED PDL ASSISTANCE 1-800-957-8319, A LOT OF PEOPLE DON'T LIKE THEM AND SAY YOU CAN DO THIS YOURSELF, I CANNOT, I DON'T HAVE THE TIME. THEY HAVE BEEN GOOD FOR ME, CONTACT ALL THE COMPANIES, SO WILL WORK WITH THEM SOME WILLNOT, IT IS A PROBLEM. THEY WILL ALSO TELL YOU WHICH PDL'S ARE LEGAL IN THE US AND WHICH AREN'T, IT IS UP TOYOU. THEY FIGURE OUT HOW MUCH YOU OWE, YOU GIVE THEM THE FIGURES, TELLYOU ABOUT HOW MUCH THEY THINK THEY CAN PAY USUALLY ABOUT 35%, WHAT THERE CHARGES ARE, THEY WILL THEN TELLYOU HOW MUCH THEY WILL TAKE OUT OF YOUR ACCT TO PAY THESE COMPANIES OFF, AND HOW LONG YOU WANT IT TO TAKE..THE REST IS UP TO YOU. THE COMPANIES THAT HAVE BEEN HARASSING ME, I CALLED PDL AND THEY CALLED THEM AND IT STOPPED. I CANNOT SPEAK FOR ANY ONE ELSE, BUT THEY HAVE ANSWERED EVERY QUESTION I ASKED AND I HAVE TO TRUST THEM.

The OP is not obligated to any pay interest rates. All these loans are unlicensed and some are based overseas. Arkansas accepts out of state licensing, however many of these will not be licensed anywhere.

When you draft your proposal letters ensure you request their licensing information.

__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-

CAROLMP please try not to post in all caps

__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-

So these PDLs ARE illegal in Arkansas???

Also...my account is on restricted status already. Just need to know what to do after that.

Yes and most are affiliated with each other. Please read the link I posted above and follow those steps.

"restricted status" so is this like "no debit" status? If you cannot close your account then I suggest you put it on deposit only.

__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-

Yes...it's on no debit status. Once my account is in the positive I'm going to close it and open a new one. How do I get these guys from calling me?

I found these laws regarding payday loans in Arkansas. Do these apply to internet payday loans also, or are these just for storefront???


Arkansas Payday Loan Laws
State Legal Status
Payday loan lending is considered legal in the State of Arkansas but applicable for check cashers only

Loan Specifications
Maximun Amount of Loan - $400
Term of Loan - 6 to 31 days
Maximum Rate of Finance and Fees- 10% of the check + $10; $5 ID card
Finance Charge for $100 loan for a 14 day period - $22.22
APR for $100loan for a 14 day period - 579%

Debt Limits
Maximum Number of outstanding loans permitted at a time - 1 per location
Permissible number of Rollovers - None (cannot be renewed or consolidated)

Limits of Collection
Collection Fees Amount - a) NSF fee ; b) Court Costs; c) Reasonable Attorney's Fees
Criminal Action - Prohibited (A collection agency cannot file any criminal action against a payday loan borrower until and unless the check gets returned due to closed account or the payment is stopped by the maker)

File your Complaint and get Information
Regulator - Arkansas State Board of Collection Agencies
Address - Division of Check-Cashing Companies, 523 Louisiana Street, Suite 460 Little Rock AR 72201
Phone - (501) 371-1434
Fax - (501) 371-1440
Regulatory Contact - Peggy Matson, Executive Director

I have internet payday loans and need to know if they are legal or not to know where to go first. . .aaapaydaycash.com, instantloansnow.com, upfrontcash.com, everestcashadvance.com, and inmyaccount.com. Can anyone help me please

Well if they are calling you at work and harassing, then you can send them a cease & desist letter.

__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-

Can you tell me if any of these are legal in ohio. . .aaapaydaycash.com, instantloansnow.com, upfrontcash.com, everestcashadvance.com, and inmyaccount.com?

THIS IS WHAT I SENT TO ALL THE COMPANIES. . .SHOULD I DO ANYTHING ELSE UNTIL I HEAR FROM THEM?


May 19, 2009
To Whom It May Concern:

After doing research regarding Internet payday loan laws in the State of Ohio, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of Ohio in general:

State Legal Status
Lending of payday loan is considered legal (-Low Cost) in the State of Ohio.
Loan Specifications
Maximum Amount of Loan - $500
Term of Loan - 31 days
Maximum Rate of Finance and Fees- 28% per annum
Finance Charge on $100 loan for a 14 day period - $1.08
APR for $100 loan for a 14 day period - 28%
Debt Limits
Maximum Number of outstanding loans permitted at a time - 1, 4 per year
Permissible number of Rollovers - None
Cooling-off Period - Limit of 2 loans in 90 days
Repayment Plan - Yes, available. 60 days time period. No fees.
Limits of Collection
Collection Fees - a) Bank charges (if disclosed); b) Collection charge of $20; c) Court costs arising after default; Damages
Criminal Action - Prohibited

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my personal bank account to protect my interest in this matter, per instructions from The Ohio Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

I have currently paid $148 DOLLARS on my $200 DOLLARS loan. . I have paid $148 DOLLARS on this loan by your debits of my bank account and only owe $52 DOLLARS to have this paid in full. I am willing to pay the amount of $52 DOLLARS to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office.

I demand a physical address to mail payments to. You must provide me with a physical address to mail my payments. I will not Money Gram or Western Union any payment. If no physical address is provided for me to mail payment to, no payment will be made.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan.

I expect a response from your company no later than May 29,2009, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Amanda Barnhart
LOAN #2010135

iam currently in default on a 300 dollar payday loan in az and their threating me with criminal charges. iam woried