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Payday loans how to repay  

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I have 9 payday loans and have only been paying interest. I live in MD/DC
MTE
Payday yes 300
United cash 300
Premier 250
ameriloan 300
Impact cash 300
Ambassador 300
Northway 300
Cash today 200
 

asked Apr 18, 2007 10:57 AM

hwblondy
Best Answer
4
best answer

I found the law for Maryland and from what it says, pdls are not allowed in the state of Maryland. Not sure how it affects DC. Am trying to find something, but someone else may be able to find it faster, since I am still at work and am doing this in between other things. You might search to see if you can find if these companies are licensed in your state. Since you have MD/DC, not sure what state they lent you the money in. If it was MD, the only thing I would say you would need to pay back would be the principal on these loans.

Check the other laws and be sure, but you might want to think about closing your bank account so they cannot debit any more money from your account. Some of these that you have, from what you have sent you, are almost paid off or paid off, referring to principal.

It looks like you may only owe:

Payday Yes $30
Priemer $50
CashToday $0
Ambassador $30

Have you not paid anything to UnitedCash yet? And MTE, I don't know what your loan amount was, but you said you paid them $90, so it would be the balance.

Now if I am wrong, someone please put me and this person on the right track, but since PDLs are prohibited in my state, I am using that as a guideline.

You will find the Payday loan laws for Maryland here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

answered Apr 18, 2007 12:46 PM

3 Answers

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Are the amounts shown what you borrowed from each one? If so, how much have you paid them to date?

I know that United Cash are sneaky little buggers!

answered Apr 18, 2007 11:01 AM

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I think this is the same person that posted this question in 5 or 6 other active threads . . . . Unless there are multiple people that live in both MD and DC and have payday loans through the same companies . . . .

Hwblondy - You can post "follow ups" to your questions in the same thread. That way you won't have to look under however many topics to see the answers to your questions. It will get very confusing having part of things here and another part there and so on . . . . Try to pick one thread and stick with it. icon_cool.gif

answered Apr 18, 2007 12:49 PM

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I had not gotten that far today on some of the things. They had sent me a message, so I responded to it. But agree, that it should all be on one thread. Keeps from people posting the same thing multiple times. Can the threads be combined?

answered Apr 18, 2007 12:51 PM

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