Help with Pay Day loans -

What state are you in, and what companies do you have PDLs with? It makes a huge difference.

I'm in Indiana and I have loans with the following companies

MYCASHNOW(CREDIT PROTECTION LOAN)
INTERIM CASH 8775396703
UNITEDCASHLOANS UNITEDCASH
ONECLICKCASH ONECLICK
866-735-4015 DELPRADO 2
MTE FINANCIAL REFI
866-742-0413 PAYDAY2GO
888-355-6148 AUTHPAYDAY

go to paydayloaninfo.org to find out the laws in your state regarding payday lenders.

Know the laws in your state.
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
Calculate the total payments done on each of the accounts after comparing with the laws. You will come to know the actual standing and with whom you have to make payment arrangements. Call the lenders with whom the accounts are already paid off and get the PIF letter.

Go to the top of this page and do a google search on each of the companies. You will read others posts dealing with your lenders and know how to move ahead.

Do the math according to your state law, you may have a refund coming. You can find lots of sample letter on how to request a refund if you have over paid, just do a google search for a refund letter on this page. You will also want to send them a revocation of ACH and wage assignment letter so they quit debiting your bank account and not touch your pay check.

Be sure to notice that ROLLOVERS ARE NOT PERMITTED in your state. If you have paid them any rollover fees, then should deduct that from the total balance. Someone please correct me if I am wrong...

Thank you all for this information. A few questions for clarification as a tackle this task today.

1. What should the wage assignemtn and ACH cancellation letter say in it?
2. I'm not completely concerned about a refund mostly I just want to point out that due to their high fees and rollovers they have already gotten their moneys worth.
MyCAsh the loan was 340 plus a 70.09 fee and I've paid 440.49
InterimCash the loan was 225 plus a 80 fee and I've paid 405
Authorized pay day loan was 300 plus 90 fee and i've paid 625
united cash was 250 plus 75 fee and i've paid 535
oneclickcash was 250 loan plus a 75 fee and i've paid 300
delprado2 was a 300 loan and 90 fee and ive paid 360
MTE Financial credits was a 300 loan and 90 fee and i've paid 180
payday2go was 400 and a 100 fee and i've paid 200

The last two i'm going to send the ach letter and wage letter but include a settlement letter to pay them off with in 30days.

am i in the right with all of this?
I'm worried about the ach not being stoped - should I go to my bank today and talk to them. if they don't stop it i will be SOL to pay my rent in a few days. this scares me.

any final words of wisdom?

You can go to your bank and be honest with them about what is going on. Get past your embarrassment, just take a deep breath, walk through the doors and tell the bank that you are having issues with these companies, (you don't have to go into detail) and ask them what they can do to assist you. You may have to close your account and open another. Better to do it now, then wait till there are tons of fees and your account gets overdrawn. Once you close the account the fees stop and most of the payday lenders will have a final bill amount you owe and then they will work out a payment arrangement with you. Some may give you alot of crap at first but eventually they will work with you if they want their money. Most of them will eventually work with you. GET the bank issue worked out before it gets out of hand. Mine did and I ended up paying fees out the ying yang. Wish I would have taken care of it sooner.

If things are not out of hand yet, you can go to another bank and open an account before you close this one. Then close the account, you can do this all in one day. Have your employer change your direct deposit, you may get a paper check in the mean time. If your account is closed in good standing the bank should return your money to your employer, you can ask the bank what they will do with your direct deposit when it comes in. If you close the account now while it is in good standing the bank will know nothing. up to you how you want to handle it. They will simply return the requests for ach to the companies. Your local branch probably won't even see the returned transaction.

It sounds to me like you need to talk to your bank as suggested by fedupinpa. They might be able to close your bank account and open a new one for you. You will need to change any direct deposits into your account or any automatic withdrawals. Doing stop payments on these can be very costly and really not worth it. It sounds to me like you will need to negotiate with about 3-4 over these lenders to get things straightened out.

You could request some refunds from the ones that you have overpaid per your state laws in order to help you pay the other ones off. You rent needs to come first.

Does anyone have contact info for the following?
INterim Cash
MTE Financial
Delprad 2
MyCashNow/Creditprotectionloans

Just beware that some banks will force open a closed account if an ACH comes through within 30 days . . . . I highly recommend closing the account, because most pdl's won't stop trying just because you say so. Ask your bank what their policy is about ach transactions for closed accounts. You might also ask if they could freeze your account.

One way to get them to close your account and not allow any other transactions would be to report fraudulant activity. Technically these companies are operating fraudulantly, but you did give them your bank account info. It's a personal call on this one. The bank should close the account and not allow anything else to go through.

My bank was more than happy to work with me and opened a new account for me and closed my old account so I'm worry free in that department

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I have an account that is negative in one state and one in another state and they have found my new account and are taking out money without my knowledge or permission what can i do about this one

I'm just curious to know, how do you think they got your new account info? Have you talked to your bank about this? What payday lender are you speaking of?

What type of company is debiting your account? Is it a pdl lender? What state are you in? What state was you in when you took out the loan? HOW did they get your banking information, they are violating the law if you did not give them permission. I would be on the banks steps before they open to dispute it.

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