OKay so here I am feeling guilty. I feel ashamed of myself. No one put me in this position but me. So I need alot of help please. I feel like I can not live like this any longer.
I live in California.
Think Cash = 500.00, I owe 484.17, have paid $84.46
PayDay One = 250.00, I owe 194.10 on 5/21/08
Ameriloan = 200.00, I owe 260.00, have paid 60.00
One Click Cash = 200.00, I owe 260.00, have paid 60.00
All but one are due on 5/7/08. They will take 204.46 from my checking account. If someone can please help me with this. What can I do. _________________ Register today to encash debtcc points.
first of all, don't feel guilty or ashamed - people are here to help - this board has changed my life.. my life is no easier but i do feel hope everytime i log on.
i'm sure someone more experienced will come along to help you with CA state laws.. 5/7/08 is this wed., if i am correct - would it be too late to put a hard block on your account with your bank? That's what I did.. i am not sure if that is a legal option for you in CA, though? Like i said, someone more experienced will come along.. i just wanted you to know you aren't alone..
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)
Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
We need to know which of these lenders are storefront and which are internet based. _________________ A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
Paydayone-Licensed in CA
One Click-Not licensed in CA
Ameriloan-Not licenses and has a cease and desist order from the CA Dept of Corporations
Thinkcash-Legal installment loan
I'm totally lost now what? What should I do? At this point I feel really wierd, I don't know if I should start crying or just beat my self up for being so dumb.
About your direct deposit, it all usually depends on your employer...it probably is too late to stop it, unless yuor employer can and then give you a paper check.
Heres the deal...the illegal/unlicensed pay day loans charge way outside of what is legally allowed in california. We encourage you to at least pay the principal balance, in this case $200. Those $60/ payments will never go towards the principal and you could end up paying thousands on a $200 loan!
It looks like it would be too late to stop the debits on 5/7/08, unless you can get down to the bank when your direct deposit goes through and take out all the $$ and close the account. i got lucky, i was in the same sitation as you, i went took out all the $ and closed the account before the pdl's had posted that day.
My advice is to close your account asap. Write a letter to the CA attorney general office and attorney general office of the payday loan lenders as well. I would also write a letter withdrawing any wage assignement and debts from your account.
Maria...I can post a letter her for you to send to your pdl's, but we can take it one step at time. The first priority is to get your account closed and get your direct deposit rerouted.
Login | 
These are all internet.
