More PDLs than income

hear are your state laws...

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

how much have you paid so far?

any more help let me know!

Jebo,

First and foremost, you need to be able to pay your everyday expenses. You will need to take control of your finances back. To do this, you're going to have to stop these places from debiting your account (which is what I assume they are doing?). You can either ask your bank to block the transactions, which could get expensive if you have several to block. The other thing you could do is to close this account and open a new one, and don't give your new info to any of these companies.

Are these payday loans? If so, are they store front or did you get them off the internet? Most store front pay day loans are operating legally, and you will need to contact them to set up payment arrangements. Many will work with you. If they are internet, you will find that many of these companies are operating illegally, and you would therefore have more leverage with them. According to the laws of your state, which Tasha provided above, they are not allowed to do rollovers (meaning they can't charge you a fee and keep extending the loan). If they're doing this, they're already operating illegally. They also must be licensed in your state. To check for licensure, to a google search for pollyandsay's blog and go to search corporations by state.

If these companies are operating illegally, you need to report them to your Attorney General's office.

Call the companies and put your payment proposals? You will figure out if they are willing to work with you? Take professional advice if you are not able to arrange anything on your own.

Storefront lenders are quite easier to deal in comparison to online lenders. Please put some more info like which companies do you have the loans from? And, how much do you owe in total? How much payments have you done so far? Once you post the info, we will help you in finding a direction.

Take dbaker's advice. She has given out some important tips on how to move ahead.

All are payday loans, and all but one are internet. Some of these I have not been able to even find out HOW to pay back even when I had the money. I am going to check into blocking ACHs or closing this account and then opening a new one. I had some difficulty opening this one several years ago, so wish me luck if I have to go that route.

If you have been paying on the internet pdls for quite some time and all payments were considered "roll over" fees, it is possible you have paid the principal and legal interest rate your state allows back and then some. You need to either block these internet pdls from your account or just close the account and open a new one so you can gain control of your finances back and start paying for your necessities. And if you have already paid these guys back demand they mark your accounts paid in full. You also need to file a complaint with your state's Attorney General's office as well as the AG's office in each state the internet pdls are located.

Thanks to this forum, and the people therein, I find that there is hope for getting out of this nightmare. Thanks so much. I will keep everyone updated.

Hello:

Contact each of your PDLs and request that they assist you in a payment plan. Keep all documentation that you have been paying them and that you had requested payment options. Do not let them tell you that they can't do anything or that they can only take the payment in full or that they want their money in thirty days. Don't let them try to tell you that they will have you arrested because you cannot go to jail for not paying your payday loans.

You may contact many of the debt consolidation companies that are mentioned on this message board to research to see if that option is available to you.

You have to calm down and get your mind together. Then work with the rest. Don't let them to get to you. YOu have made the right step coming in here.

Well, I took the first step today- I blocked all of the ACHs. Now I guess I sit back and wait for the sharks to call and threaten. On the upside, I can pay my living expenses now......

Jebo, Please advise your bank also that they try the paper check routine. These companies also go by so many different names they are hard to block. For instance they will put a check thru dating the check number 1 or 9999 something like that. You may have to close and open a new bank account. KYSIDE38

Jebo, they will also try to debit for different amounts so be very careful. If you send who you have the loans with and the amounts you have paid, we can possibly direct you to template letters to send to them. Don't wait for them to call. You need to put yourself in charge of the situation. I know that is easier said than done, but just last September I was in the same boat. I listened to what this forum had to say and I have climbed completely out of the PDL cycle.

O.K.- here's the list, and I did not know how bad it was until I started compiling:
One Step Cash, PayDay OK, CashNetUSA, BMG Group, MTE, Loan Point USA, JD Marketing, Nationwide Cash, PDL Loans.com, Geneva-Roth Capital, Khaki Funding,ameriloan, United Cash Loan, FTR Processing, Premier Processing, Plaza Processing. Hopefully, some of these are duplicates, but I am still an idiot for getting in this deep before reacting. Any info on these people would be most appreciated. Also, are Cease and Desist letters from one state valid in another? (Florida) Thanks to everyone.

OneStepCash, Paydayok, JD Marketing all responded and were willing to accept my payment arrangements. ameriloan and United Cash Loans didn't contact me however I was sending them payments anyway. Both of them did however try and pass a check they had made without my signature through my closed account.
FTR Processing sent my account to the Bass & Associates collection agency that is alwasy talked about on this website. Those are the few that I have dealt with and you are not alone when it comes to having several PDL's. I battled 16 Payday loans.

Jebo, Paydayok marked my account in full immediately when I sent an email. MTE financial has been ordered to stop lending by the Oklahoma Department of Consumer Credit. MTE is in Oklahoma and does not have a license to lend there. It doesn't matter what state you are in, they are in Oklahoma and lending without a license.

once you make payment arrangements, how do you make payments? Send checks?

Where can I find form letters to send to the IPDL companies?

Gingerbread,
I would send them money orders, don't send them anything that has your bank account info on it. Make sure you keep copies of your Money Orders and send them certified mail so you have proof they received them.

Jebo,
What kind of letters are you looking for?

Informing the IPDLs that they are operating illegally in my state, and of my intention to not pay them anymore. Also asking them to mark my account Paid In Full.

I would go to PollyandSay's blog and check out her templates. I'm sure she has something that can help you.

I took a loan out with them 6 months ago...not realizing there isnt a way to contact them to tell them to pay this off. I closed my account and now a place called United processing division called and said that they are calling my job and garnishing my wages and an investigator will be at my door soon...I know that I cant go to jail. I asked the guy what Midlands info was and he said he cant give it to me But i need to pay him 680.00 for a 200.00 dollar loan?????? and then he will send the info for Midland. Otherwise they are taking this to court and I will have criminal offensed on me and have to pay 1600.00 for this loan. All of this is out of Jacksonville FLorida. Has anyone else dealt with Midland Marketing?

O.K.- the first intimidating collector called today. I have blocked ACH debits, but now they are making up check numbers, and taking money out anyway. I am going to have to close my account. Meanwhile, I am not sure exactly how to handle the threats I am receiving. Do I mail or fax replies to them? Sorry, I am a little shaken up right now.

Oh yeah, some of these places find ways around the blocks. That is why closing your account seems to be the best bet. Did you dispute those transactions that came from your account? Talk to your bank since you put the blocks on and let them know you didn't give them a check to pass through your account. I had two companies try and do that to me, but luckily I had closed my account and the checks were sent back.