pay day loan trap

I live in KY and am drowning in pay day loans. I need some quick advice and good help

danee Welcome to the Community !!

If you need "quick advice and good help", members here too would need some more info from you - like name of pdls, internet or storefront, amount owed and so on..

Internet loans are not legal in KY

that's why we need MORE info

Pdl is considered legal (is applicable for check cashers only)

btw please select Kentucky and go through your state laws

Here is the deal...


they are all internet loans

Loan shop 500 loan/paid 450 so far

ACC 600 loan/paid 675 so far

United cash 200 loan/paid 180 so far

Us fast cash 400 laon/paid 120 so far

cmg 300 loan/ paid 90 so far

what can they legally do to me?

All your loans are ILLEGAL. You only owe the principle amount borrowed

so where do i begin with these guys...already called KY Office of financial institutions and waiting for Rodney to return my call

read the stickies about how to deal with illegal payday loans and closing your bank account. The first thing you need to do is secure your money by closing your bank account (read the sticky first), then send the letter that is listed about 13 posts down in the how to deal with illegal lenders thread adjusting it to your situation and state laws.

So I have sent the letters by fax and email to stop taking money from my account and they are illegal and i only should owe the principle so what happens next? I wait...

what do i do about Loan Point...haven't made a payment to them but can I maker smaller payments that what they want to charge me

Anyone have an address for United Cash Loans
phone number 18002798511

I have sent all my letters and filed all my complaints. Not heard anything yet. Guess this is where i am at for now...

When I was dealing with all of mine (about 3 years ago), I sent them the letter every way that I could contact them. I mailed, emailed & faxed all of them (even called some, if you can actually find a phone number that will actually get you to a real person). I re-emailed and faxed them every couple of days, until I eventually received a response. I would say that you just need to be persistent with them.

When you called them Ksweterman what did you say?

Well, generally it was a case of just leaving a voice mail for someone. Basically, I was calling to follow up on my letter that was mailed/emailed/faxed to them. Informed them that I had emailed/faxed them, and that I needed a response from them regarding marking my account as paid in full. Now, I only had one person that actually called me back and agreed to the paid in full; but my intention was basically to bug them until I got some kind of a response. My payday loans were all online, none were storefronts. Eventually, I got paid in full letters from all but three of them, I believe. A couple of them just never responded back at all. I just made sure to save a copy of every letter, fax or email that was sent to each lender. I still have copies of everything now, almost three years later. Just felt like it was a good idea to have some kind of proof of my contact with them. I have only had problems with one, which turned my loan over to a collection agency (this is on a $300.00 loan, which I paid a total of $830.00 on). I had more than paid back my principle on all of my loans, plus any legal fees for my state. So I was pretty intent on not paying anything else to them.