Now you wait for a reply from them. Same as me! I did 1 revoke, was going to do the other, can't find an email for them and don't want to call them! Guess I need to mail it certified? LOL UGH!

I have been on here for days researching because I am in way over my head.

After many discussion and being told to do so, I sent ACH revocations letters.

I have been asking about CSOs and no one has given me an answer.

After searching other posts I find out they do not have to follow payday loan laws.

Well come to find out one of my lenders is a CSO--PayDayOne and I have already sent them the letter.

Now what do I do? They are charging enormous amounts and I am not even paying on the principal.

After they receive the letter, they may not even be willing to work with me and want the whole amount upfront. I have already paid them well over $1000 and do not have $1000 more to give them at this time.

I am scared I followed some bad advice.

PLEASE PLEASE HELP ME!

You aren't scared? I am literally about to cry because I am so in debt right now. We have over $100,000 in medical and that is how I got in these mess. We are fixing to be sued over funeral expenses on my husband's mother, that I signed for. I can't afford to pay them. Everything is going to these bloodsuckers. I have been so depressed and actually thought of suicide. May be pushed over the edge this time. I have been depending on the help of my mother, father, and brother to pay light bills and buy groceries. Do not want to tell my kids what I did. They just think I am in over my head because all of the medical is in collections.

I was just looking for other ideas and I don't see why we can't file a complaint! http://www.ofi.state.la.us/complaints.htm

I also read this
http://www.debtconsolidationcare.com/paydayloan/updatedpaydayloan-regulationsbystate.html
Especially read the NOTES section.

I'm filing a complaint tomorrow morning and I am also going to mention to get an answer as to why online loans are not required to be the same as a store front loan company. I don't see a reason for them to be different!

Hang in there!

These predatory loan companies really suck, and I'm scared too. I owe too much and don't make enough money.

BUT, what's the WORST thing that can happen? Can they sue? Sure. Can you go to jail? Nope.

Suicide is the worst thing that can happen.

Please hang tough. I know its rough.

Perhaps pleading your case to a manager will result in a settlement offer? Tell them bankruptcy is your only other option!

Hang in there!

Hi frugalmoma:
I saw that on here also. That is what is so frustrating. One place says one thing. Another place says another. According to the office of financial institutions--the rate is capped at $55 which is $45 finance charge and $10 documentation fee. The link you placed, which I had already seen, says $25 per hundred borrowed. Why are they saying that? Number one that is not what our law states and number two per hundred borrowed? You are supposed to be able to only borrow $350. As far as the complaint, I had thought of it but think I would just be wasting my time. I had already talked to the head honchos and they do not want to be bothered. That is what our state and nation is coming to. Excuse my language but I am thoroughly frustrated--screw the little man. Who cares? I am up in Washington or down in Baton Rouge. I draw a nice fat paycheck and go to work each day and sit in a cushy, air conditioned office and have everyone do my work for me so to ____ with you!

And this forum is also getting me frustrated. I have posted and posted and all I hear are the same things, file a revoke, etc. Now no one is even answering. Guess they are backing away because I am asking too many questions. Well I have a right. I want to know what I am getting into. I am not worried about anyone but PayDayOne. Have everything worked out with the legals and the tribal lenders can go fly a kite. Bring it on. I will be getting sympathy from the judge after producing what they have taken out of my account so far. Almost a months pay on just one loan. If not what are they going to get. It is all going to the payday companies. As far as paydayone, I got answers that they were a cso but then the answers stopped. How do you deal with them since they are not required to follow any laws? Am I wrong for asking? Now I feel like I have the plague or something. After following the forums advice, I may be into something even deeper than what I am trying to get out of. Have been trying to research cso's but am not getting much information. That is why they can do whatever they want and skirt around the law because everything is so vague and they are hiding behind other companies.

I am just so tired and frustrated. This has been over a year of pure you know what. After all the medical issues then was dealt another blow with the grandbaby. I had to be strong for my daughter. I have always be the stable force in the family because to just put it bluntly my husband does not care about anything. My daughter (in tears) told me right after the baby's diagnosis and I was visiting her that "Mama, you have always been strong. I am not like you." She did not know how much I was hurting but I had to be strong for the next 5 months and could not break down. Had to hold it all inside so it finally came out these past few months. All the ordeals of the past year. And even though she thinks I am strong, I just do not know how much more I can take. I know God says he will not put on us more than we can bear but it is so hard. And I know I brought this on myself but am trying to find a way back to a somewhat normal life. Sorry to ramble on but it just came out. Thanks for listening.

To unregistered:
Thanks so much for replying. I am trying but it is getting so hard to keep going on living like this day to day. Worrying. Crying. Waiting for what will happen next. I don't know when the next bomb will fall or where. I literally have nothing else to give.

I was talking to my sister-in-law this afternoon, crying the whole time, and finally confessed what I had gotten myself into. That is the problem with these companies, they do not check to see how many loans you have, what you can afford, even if you work. They are just after the money and know they are causing an endless cycle. Just for the almight dollar. Guess I can take comfort in knowing they will one day get what they deserve.

Quote:

Keep in mind this is a voluntary forum...the expert posters here do have lives. And quite frankly, your book long posts turn me off from even reading them anymore.

Very blunt, aren't you. Yes it is a public forum so you do not have to answer my questions. You do not even have to look at my posts or threads. All I am asking for if where your or anyone's information is coming from. I am sorry if that is too much to ask. I am doing what you say but what happens then? Are you going to go with me to court? You are posting links but where are the links coming from? Guess I am not supposed to have a brain. Oh, that right. I don't have one or I would not be on here. I would have already used it. I will converse with whomever I please. You do not have to read it. If someone is nice enough to contact me back, I will talk to them. Have a nice night!

To frugalmoma:
Sorry I am not allowed to converse on here. Was basically told so. Good luck!