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Posted: Tue Oct 30, 2007 10:04 am Subject: PDL Help

I have abnout 7 payday loans, i'm trapped paying them off, they suck my entire pay every month and dotn leave anything over for rent and car payments. Isnt there some way to consolidate them into one? sureely someone can help. I'm drowing - i got one to help with my car breaking down and then had to take another and another and another. Its terrible, and the worst part is i'm not evening touching the principle amount its all finance fee's. Its surely my fault for doing it in the first place, but i really do need help. the fee's are 30 dollars per every 100 taken out. and those are taken out every two weeks, so i'm paying twice a month.

I have the following loans out:
500 fast cash: 300
Apollo loans: 250
Emerald Marketing: 300
CPS Loans:250
Fox Eterprises:250
USA Payday Loan:250
Zip Cash:250
One Step Cash:250

Posted: Tue Oct 30, 2007 10:05 am Subject:

nm-Welcome..we can help.

what state are you in?
How much have you actually paid so far?
Are these internet or storefront?

Posted: Tue Oct 30, 2007 10:08 am Subject:

they are all internet. i live in maryland. I've started to pay that extra 50 towards the principle on 2 of them the rest still have 2 or 3 renewels on the finance fee i believe.

Posted: Tue Oct 30, 2007 10:11 am Subject:

Posted: Tue Oct 30, 2007 10:12 am Subject:

Oh goody...PDL's are Prohibted in Maryland. I dont know how long you've had these, etc so tough for me to do the calculations for you.

Posted: Tue Oct 30, 2007 10:13 am Subject:

The good news is that these loans are prohibited in your state. Please read the sticky regarding closing you account, to be sure it is safe to do so. That is the first step.

Posted: Tue Oct 30, 2007 10:15 am Subject:

so i just call and tell them that i was able to take out payday loans while residing in maryland? also does it matter that my license is still for ohio, my car is registered here in maryland and i've been paying maryland taxes for over a year.

well money is really the only way i have of keeping score, i check it against my bank statement as they dont send any letters saying you have paid this and owe this, or track these things on any of there websites, none of those actually have formal websites.

Posted: Tue Oct 30, 2007 10:19 am Subject:

We need to determine if you've actually paid the equivalent to the principal on these...that way you can ask them to mark the account paid.

Please check your records with regard to how much you have paid each.

Posted: Tue Oct 30, 2007 10:19 am Subject:

I've had them since august and sept and oct.

what sticky?

Posted: Tue Oct 30, 2007 10:20 am Subject:

ohh well i've def done that on at least 3 of them.

Posted: Tue Oct 30, 2007 10:22 am Subject:

Okay...you should go back and calculate it out.

Here is the "sticky" on closing your account....lots of info.

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