Thought I could pay off the Payday Loans..

Relax and calm down. Read the postings all through this site and you will find hundreds of people who have been in your exact situation. A debt counselor will be calling you and you can discuss consolidating your PDLs with a consolidation company possibly. You could also close your bank account or stop payment on withdrawals from the PDLs, you could contact the PDLs then and make arrangements with them. If you are considering this, you might want to cancel any direct deposits you have connected with this account giving you control of your money again. There are quite a few options out there.

I am the type of person who can't rest until something is taken care of---if it were me, I would do this---first--cancel any direct deposits and arrange to get a "live" check. second---close bank account and open another one immediately. third---ask debt counselor about a consolidaton company. If a consolidation company isn't a possibility, then contact the PDLs and make your own arrangements. DO NOT GIVE PDLs ANY NEW BANK INFORMATION!!! Again, these are just my thoughts---your decision will be based on you and your situation.

Thank you for responding....I will start this process in the morning......I have been so upset over this that it is now affecting my health....I have to get this under control soon. I will stop the direct deposit first thing in the morning and go to the bank at noon.

See-----already you are regaining control of your money. Be sure to talk with the debt counselor that will be calling you soon. Do not let this ruin your health. It is not worth it AT ALL!!!

Also, when and if the PDLs start calling you, do not let them intimidate you and tell you stuff like you could be arrested ( YOU CAN'T) and can go to jail (YOU CAN'T). Don't listen to them and do not accept any calls at work from them and under no circumstances give ANY of them your new bank account information! Good luck and keep posting with any questions or concerns as you move through the process.

We have all been in your shoes. You have come to the right place to get help with your loans. Calm down and relax. We will try to help you as much as we can.

The first thing that you have done is admitted that you have a problem. Next, let's find ways to help you fix the problem.

Desperate,

Make sure that the lenders have done the charges on your loan as per the laws in your state. Most IPDL companies are famous for adding illegal rates and fees. Go through the fine prints carefully and if you find anything incorrect, fill up the dispute/argument form with the company and get it corrected.

There are so many here who have become pdl free and got all their accounts marked closed. Stay in touch and you will also get through. Everyone here is helpful and understanding when it comes to pdls and seeing others with the same problems. You will feel being in a family. :)