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Posted: Thu Sep 13, 2007 4:35 pm Subject: too many payday loans, need help!

I have 5 payday loans all are from store front locations, we are current on our payments with each one, but NOT FOR MUCH LONGER! We only have $20 left after all are paid each paycheck. I have read your advice and stopped my direct deposit and am considering closing my checking account but how do I get these payday loan companies to work with me on a reasonable payment plan (if there even is such a thing) I can't keep paying these high interest loans any longer, but don't want them garnishing my wages either. What do I do???? I am incredibly stressed out.

Posted: Thu Sep 13, 2007 4:40 pm Subject:

Please read the following advice on closing your account....store fronts are very different than internet loans...

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Posted: Thu Sep 13, 2007 4:42 pm Subject:

I am assuming you are in Nevada...??

Posted: Thu Sep 13, 2007 7:16 pm Subject: reply

What the hell does it mean criminal action prohibited unless consumer acted with criminal intent? Does that mean this person could get into trouble for closing her bank account with outstanding checks? That is a question that needs to be answered. And Nevada pdl law sucks. We need to find out what exactly they mean by "criminal intent"? Does that mean closing your bank account?

Posted: Fri Sep 14, 2007 7:06 am Subject:

No, I would take that to mean that you cannot be prosecuted unless you went into the pdl's with the intent to defraud them or something. I would not think that means closing your bank account so you can start paying for rent and food again. Nothing criminal in wanting to pay for basic necessaties first!

Posted: Fri Sep 14, 2007 9:14 am Subject: reply

Thanks, goudah. These different state laws all mean different things. When I see "criminal intent", I'm thinking - Does this state take it as "criminal intent" to go in and write a check and then close your bank account?

Posted: Fri Sep 14, 2007 9:17 am Subject:

If you they could prove that you went in with the intent to close your bank account and defraud the company, then yes. But I doubt they really prosecute much. It would have to be a clear case of fraud. There is way too much evidence of the payday loan debt trap, so it would have to be very clear for them to prosecute.