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 Posted: Thu Jan 04, 2007 7:30 am Subject: stoping payment |
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my question is what will happen if i stop payment on a payday loan- i have one that is online and it is killing me! i need help!!!
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tammylauthern
Joined: 03 Jan 2007
Posts: 5
Debtcc Points: 190
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| Posted: Thu Jan 04, 2007 7:32 am Subject: help |
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i have myself in a endless cycle with payday loans. i have a total of 8 right now. i pay them all down every 2 weeks. i throw my whole check at them. i am struggling to get gas and food and pay other bills. i cant sleep and i am on edge. i need advice of how to stop and get back into control!
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tammylauthern
Joined: 03 Jan 2007
Posts: 5
Debtcc Points: 190
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| Posted: Thu Jan 04, 2007 7:34 am Subject: |
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tammy I have sent you a PM regarding your payday loans, I can help you. Check you PM box, the link is at the top of the right side bar menu.
A
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PDLFREE
Joined: 07 Oct 2006
Posts: 1266
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PinkLady
Moderator
Joined: 15 Jun 2006
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| Posted: Thu Jan 04, 2007 11:46 am Subject: |
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I actually closed my bank account when I had the IPDLs. When the fees came due, my account was closed and I did not have to mess around with stop payments or worry about them trying to access my account again.
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Lorri
Moderator
Joined: 27 Apr 2006
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Debtcc Points: 20856
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| Posted: Thu Jan 04, 2007 12:13 pm Subject: |
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A stop payment is good for six months only. Not to forget, bank will charge a fee for it. Usually, it's $30.
Tammy, I will say that you should stand strong and know how you need to deal with pdls. Many here are in similar situations and few have been successful in coming out of this trap. You will also get through.
What state are you in? You need to check if the IPDL is licensed in your state and that their business is legitimate. Go through the laws in your state and calculate the total payments done so far. You will know the status and then move from there.
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onelamb
Joined: 25 Jul 2006
Posts: 436
Debtcc Points: 2736
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