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Posted: Wed Dec 20, 2006 9:13 pm Subject: I need help and/or advice

Hi...I have poor credit, and I have gotten myself in major financial trouble with several online payday loans. I have been working a lot of overtime at work just to keep up with the roll-over fees. Yes, I know I screwed up big-time. I was wondering if there is some way to consolidate all these loans. I'm willing to work my butt off to pay these off, but I'm not getting anywhere. I have 3 kids to support, my savings account is now over-drawn because of all this, and my power is about to be shut off. I am at my wits end here. I can't sleep, and it's really getting to me. I really need some help.
Thank You

Posted: Wed Dec 20, 2006 9:18 pm Subject:

Soobee, first let me welcome you. Second, take a deep breath. We'll help you get through this. Now, are all the loans internet? What state do you live in? How much was the principal amount borrowed on each loan and how much have you paid back on each loan (including any fees and interest?).

Posted: Wed Dec 20, 2006 9:21 pm Subject:

Considering the online paydays are probably illegal in your state, you can take solice in knowing you won't have to keep giving them all your money. If you have already paid back as much as you originally borrowed, you can demand they consider the account paid-in-full.

But you need to know, as long as they have a strong-hold on you, they will make demands and threats and automatic debits from your bank account. Put yourself in control by closing your bank account, and don't submit to their threats.

There are many other posts on this forum about internet PDLS; you can peruse through them for some assistance in demanding they mark your account as closed.

PS this is all assuming they are not licensed/legal to do business in your state.

Posted: Wed Dec 20, 2006 9:27 pm Subject: Thank you so much

I am on my way out to work right now...but will respond when I get home in the morning

Guest · Posted: Thu Dec 21, 2006 7:25 am Subject:

Yes, all the loans are internet. I live in Montana. I have several loans outstanding, and most of them, I have paid more in interest (to roll-over) than the total of the original loans. And thank you for getting back to me. I'm still scared ****less,but don't feel so "alone" now.

Guest · Posted: Thu Dec 21, 2006 7:44 am Subject: How do I log back in to post??

When I put my user name in the field, it says it's already taken

Posted: Thu Dec 21, 2006 7:50 am Subject:

Hi Soobee.

Payday lenders in your state have to be licensed. Therefore, you need to get a list of all the payday lenders, do a google search for Pollyandsay's blog. On the right you will see a list of states. Click on yours and check each lender to see if they're licensed. Also, the loan cannot exceed 31 days. See how much over the principal you have paid.

Posted: Thu Dec 21, 2006 10:24 am Subject:

Hi, SooBee
I get the same thing when I try to use the Quick Reply function. Somehow the site doesn't know that we ARE the people who took those names! LOL.

So what I do is go back to the site's homepage, log in and then use "post reply" instead of quick reply. And If I've forgotten, AGAIN and tried to use quick reply, I do this in a new browser window, and cut/paste the reply I've already written under the correct "byline."

Hey, hang tough. Sounds like you're trying to do the right thing--working OT and everything. So, do as little beating yourself up as possible and save as much energy as you can for dealing with this by working hard AND smart. There are lots of people here who can help you do that.

And you're not alone. Even though my circumstances are different from yours, you've got my best wishes and support.

Keep us posted.

Best,
Diva