Outstanding PayDay Loans - Ohio Resident

All,

I have outstanding payday loans and in the process of trying to work with Take Charge America for my credit card debt. I don't know what to do. TCA cannot work with payday loan agencies and since I have no positive income coming in I am barely making ends meet literally. Are there any places that work with them. I am robbing Peter to pay for Paul and do not know what else to do. My checking account just became overdrawn and is -($324) and additional pdl debits are coming up next week 9/30/06 and I haven't even paid some bills as of yet due to no money. What can I do? Do I close my check accout and open a new one once the fee is paid hopefully before 9/30/06.

Here is the list of payday loans I have and what I have paid out so far. I can't believe I got so caught up in these because I was trying to stay afloat and my credit is so bad that I could not get a loan out to pay my credit card debt since I was off of work in the beginning of the year and now it has just spun out of control. I kept renewing the fees just to have money left over to pay other things like gas, home phone etc....I do not know what to do and any advice would be greatly appreciated.

CashNet USA / recent $790 total due 9/30/06
Pay Check Today/ recent $390 / $90 due 9/30/06
SGQ PROCESSING / loan $325 / $75 due 9/30/06
- took out the above 2 to cover my car note, insurance etc...unbelievably dumb

EXISTING PDL with upcoming fees due 9/30/06
CASH NET 500/ loan $455 / paid $820 thus far
ONE CLICK / loan $390 / paid $735 thus far
FSM PROCESSING / loan $325 / paid $600 thus far
ROUTE 66 / loan $290 / paid $869 thus far
INTERNATIONAL CASH SERVICE / loan $289 / paid $747 thus far
PAY DAY OKAY / loan $276.79 / paid $191.43 thus far
TEN DOLLAR PAYDAY / loan $220 / paid $20 thus far
USA PAYDAY / $195 /paid $135 thus far

I do not want to file bankruptcy but I do not know what other options I have considering I have other debts but I know if these PDL's were gone I would be able to get back on track. I have called some of my credit debt and they are willing to work with me but these pdls are what is preventing me.

Any ideas??????

Regards,
Drowing in OHIO

Do me a HUGE FAVOR. Go to the OH Ag's site and file your complaints against each and everyone of your internet pdls. PLEASE. They are not licensed in OH. Right now the AGs office is getting a number of complaints from consumers on this site and it will help if more people come forward! You need to use the template letters on this site and insert OH pdls laws in them and send, fax, and e-mail them to your internet pdls. I have had success in getting one of my pdls marked paid in full and I am waiting for response for the other 4. I can see that you have paid more than the legal amount allowed by OH law in interest. Please file your complaints.

The first five I would send letters to demanding to have account marked paid in full
Call Usa Payday loan
Adrienne H.
Operations Manager
1.866.666.2233 Main
Ext 2020
1.866.889.1690 Fax
USAPaydayLoan.com
Explain to her that you are willing to pay the prin balance and than want account marked paid in full and give her a date that you can pay it. She was very great to work with and marked my account paid in full!!!

oh and payday ok it sounds like you have almost paid them off was the loan for $200.00?

I would also either close your checking account once you clear the overdraft and re-open a new one, or talk to your bank about blocking debits to the account. The only down side to blocking the debits is if one of the pdls gets cute and submits a paper check, which the bank won't know to block. You could try talking to your bank and explaining your situationn to see if they can offer a solution.

Many of us on this forum have been and are currently in the same situation as you. I can't speak for others, but closing my account was the only way I was able to take control of my paychecks again.

Thanks for the information everyone but I have one question. How do I determine what I have overpaid with some of these pdl's, I wrote letters but do not know how to modify it to state that information.
I am figuring it out all wrong....


CashNet USA / recent $790 total due 9/30/06
Pay Check Today/ recent $390 / $90 due 9/30/06
SGQ PROCESSING / loan $325 / $75 due 9/30/06
- took out the above 2 to cover my car note, insurance etc...unbelievably dumb

EXISTING PDL with upcoming fees due 9/30/06
CASH NET 500/ loan $455 / paid $820 thus far
ONE CLICK / loan $390 / paid $735 thus far
FSM PROCESSING / loan $325 / paid $600 thus far
ROUTE 66 / loan $290 / paid $869 thus far
INTERNATIONAL CASH SERVICE / loan $289 / paid $747 thus far
PAY DAY OKAY / loan $276.79 / paid $191.43 thus far
TEN DOLLAR PAYDAY / loan $220 / paid $20 thus far
USA PAYDAY / $195 /paid $135 thus far

I also closed my bank account to stop the debits, and then I sent out the template letter asking for my accounts to be paid in full. I had well overpaid on all of mine, according to my state laws. I had 7 PDL's at that time and have had 3 send me emails showing my account as being paid in full, I even received a refund from one of them. Another 1 has told me over the phone that my account was marked paid in full, although I haven't received anything in writing yet. One hasn't made any contact with me in the 4 months since I first contacted them, I am still sending them letters asking for my account to be marked paid in full. The remaining two, Nationwide Cash & Rio Resources have tried to demand payment, although I haven't heard from either one of them for some time now. It has been a HUGE relief to get these off of my back and be able to have control over my money again. It takes a little time, but is well worth it in my opinion. You will just have to keep sending the letter until you get some response.

I don't know what Ohio laws are, but it definitely looks like you have paid well over what you should have on at least 5 of your loans. You will just need to insert your state laws into the template letter and start sending them out. I am sure someone else on this forum knows what the Ohio laws are and will help you out.

None of these internet pdls are licensed in OH. The fee is $15/$100 and no roll overs allowed. File a complaint with the AG's office and do it online, they told me that is the best and quickest way, they get it immediately whereas if you mail it in, it will take awhile to get to the right party for review.

Its me again...

What are my options concerning the pdl's that are new no money has been paid to them and they are to debit this coming Friday, 9/30/06. I closed my checking account as many of you suggested and was the best solution that is associated with the pdl's but am not sure how to approach the ones that have not been paid such as:

1.) MTE Financial Services, Inc dba Pay Check Today/ recent $390 / $90 due 9/30/06 - nothing paid thus far
- I used them in the past and always paid

2.) SGQ PROCESSING / loan $250 / finance fee $75/ total amount due $325/ $75 due 9/30/06 - paid nothing thus far

3.) Payday OK of Delaware, LLC dba PayDay OK / loan $250/ paid $191.43 thus far / total due $282.14/ $80.36 due 9/30/06

4.) TenDollarPaydayLoan.com
MTE Financial Services dba Rio Resources / loan $220 / finance $20/ paid $20 thus far / $60 due 9/30/06 (new finance charge $60)

5.) Friendly Cash, LLC dba USA PAYDAY / loan $150/ finace charge $45/ total amount due $195 /paid $135 thus far / $45 due 9/30/06

Do I still send them a letter that was described above or what other type should I send especially for the ones that have not been paid.

Thanks.

Mamasita..You should at least pay the principle loans back with appropriate interest fees allowable for your state.

I did not give this company my checking acct. no. I don't know how this company deposited 200.00 dollars in my acct. I don't know how much finance charge or anything! It scares me to know that these poeple have my checking account number! I don't even have a phone number or address to contact these poeple. If someone have a phone number or address, please reply.

What is the name listed on your bank account? It should say who put the money in your account. See if you can find that out and we may be able to help you figure out who it is. Many of these pdls go by one name and when they go to debit your account it is by another name.

i need a phone number of who put this money in my account

i need to know if iv4e gotten a loan from here because my banking statement says sgq processing im confused

Kelly Cave...this is a community forum to discuss debts. This community does not give out loans of any kind.

Is there a number on your bank statement for SGQ Processing? I recently defaulted on a loan with them and am trying to work out payment arrangements with them but they are hard to find since they do not have a website etc. I referred to one of their emails and found contact information, check to see if this helps.

SGQ Processing
info(at)sgqprocessing.com
appinfo(at)thebmggroup.com

Phone: 1-866-828-6351
Fax: 1- 866-828-6352