i asked a question that did not go through can a payday loan sue you, take you to cost or garnish you paycheck i need to know what i will be dealing with a lot of loans i owe 300 dollars they let me pay the 90 dollars till i can pay off or paydown. i have paid over the amount i borrowed what can i do for that. i agreed but did not know that i could say something about that, two of them want let me do this i have to a them off right away this is how i got in trouble, i borrowed 700 from both of these companies and my check is overwhelmed so i need to get back on track now.

can payday affect your credit can they put it on your credit breau.

If these are internet pdls, they are unlicensed to lend in majority of the states, what state are you in? I highly doubt an unlicensed company conducting business in a state in which they are not licensed will step foot in a court room to sue you, why do you think they are always threatening people with arrest and so on, to scare more money out of them.

Laverne, read through this thread you started, in the beginning the steps are there for you to start dealing with these internet pdls. Take it one step at a time and you will knock these guys out. They are not going to have you arrested or take you to court if they are internet pdls, they are unlicensed.

debt crucher can you ive advice i want to close my account to my payday loans so i can pay the bills that ineed to pay. but if i need to iwill pay the paydayloans what will they do if i close them out>

The pdls won't do anything to you. Most of us here, myself included have had to close out our accounts to get control back from the pdls to pay our bills. They will of course threaten you with arrest, charges of fraud, but IGNORE them these are illegal threats and you will NOT be arrested or charged with anytype of crime.

so steeler i am taking the first step on tuesday i will close my account and open anotherone this will put me backin charge of my money till i can figure out the next step. sude i make apayment arrangement or let the debt counselor do it.

If you have already paid back the principal and legal interest rate your state allows in the roll-overs and they are still rolling over your loans. You can use the pdl settlement letter on Polly's blog to demand they mark your account paid in full. People do have success with this, myself included. I have had all of my pdls marked paid in full because I paid back the principal and legal interest rate in my state in all of the illegal roll over fees. I also filed a complaint with my AG's office which was a huge help. I will post the link to Polly's template letter, you will need to insert your state's pdl laws and let them know you filed a formal complaint in the letter. I will post the link to the letter.

i am in the state of ill i heard they were legal in pdls is that true if so how will that in turn affect me i am getting a little excited that i have an option now this is lifting the burden already.

Here is the link to Polly's letter:
http://pollyandsay.yesdebtfree.org/template-letter/

Earlier in this thread I posted the link to your state's pdl laws, which is what you will need to insert into the letter. Now you will get responses from these companies that you signed a contract stating you would abide by their laws. That's BS, and just be persistent and do NOT back down and repeatedly e-mail your settlement letters to them.

what is ag what does that mean,ags office that sound like something big.

AG stands for Attorney General's office.

now steeler what is teletracking will that hurt me or my credit the letter will apply to me eventhough i am in illinois the statue different here as far as payday loans just want to know because now i am excited feel like i got control again.

I don't really care too much about Teletrak, you will just be in there and no other payday company will loan you money. Now Chexsystems is the one you don't want to be in, but these guys report to Teletrak. I don't know of these guys reporting to credit reports, you could dispute that anyways because they are unlicensed in your state, I've not heard of anyone here having it reported to their credit report.

Where do I find the laws for my state. Can I close my account and open a new one at the same bank. If so, what reason do you give the bank for wanting to close and reopen it? Should I make arrangements and where do I find the debt consolidator?

so the intetnet pdl are not licensed you said, all of my pdls are from the internet even though we sign papers they have us fax sheets, can this hurt us i guess since so many people like myself have did this they really are finding a way to make sure they get there money.not explain to what is teletrak and what is chexsystem how can i check for the checx system. what goes to chexsystem. will the payday loans try to go to the chex system and how do you clear the teletrak?