Pay off payday loans

I wouldn't recommend getting a loan/personal loan to pay off payday loans. You are just creating more debt for yourself. Been there done that. I must say it's not worth it. If you can give us more details about your situation, we will be able to help you more. Are these internet or storefront lenders? What state do you live in? How much you borrowed and how much you've paid back?

Mishele is right. There is a way you can get yourself out of this situation. We are here to help you. There is no need to go further into debt, you can do this, give us a little more detail like Mishele asked. In no time you will be back in control.

i live in las vegas nevada the cash net usa for 700.00 and check n go for 700.00 and american cash for 500.00 only been able to pay back the interest not the loan yet

I believe those companies are licensed. You should contact them and explain your situation and work out an alternate re-payment plan.

i have 8 loans right now....and there is no way for me to pay them off....they will all pull from my account on my next paycheck (i have direct deposit) and i am afriad i am going to be short. Is there not anywhere i can go to get one loan to pay them off... i can manage 1 large loan better than i can 8 small ones. PLEASE HELP....

What state are you in? Are these internet PDL's? How much did you borrow? How much have you paid?

texas, all internet, i borrowed:
quickest cash, 300, paid 360 all interest
bmg group, 300, paid 180 all interest
net cash usa, 300, havent paid on this one yet
osl/cmg group, 200, paid 120 all interest
one click cash, 200, paid 60 all interest
e payday loan, 350, havnt paid on this yet
pay day servies, 400, paid 120 all interest
check-n-go, 500, havnt paid on this yet

so i have 2550 total loans...paid 930 so far in interest

This is/was the same position I was in -- taking one loan to pay another loan to pay off another loan. My suggestion:

1) Close your bank account.
2) Try and get your bank or you job to switch your direct deposit of your check to your new account OR request a paper check. Tell your bank that there are unautorized transactions abotu to go through and you want to deal with the companies directly without going into the negative with the bank.

3) Look-up each company to see if they are licensed in your state -- the ones that ARE contact them and work out alternate payment plans in accordance to your state.

4) The other loans companies, well, check to see how much you owe them in accordance to TX payday loan laws and just work it out to pay them just that much using a method that DOES NOT INVOLVE YOUR NEW BANK ACCOUNT.

5) Once you paid the allowable amount according to your state's laws, start asking for those accounts to be marked paid in full (PID) -- this part is going to be your biggest battle! But you can do it!!

well i enrolled in care one debt help thing...was that a good move or no?

I've not heard of Care One debt help, who are they?

The reason #5 is the biggest step is that these companies are going to harrass you at your home, at your work, sending you email messages, and you will need to stand your ground as they charge illegal fees and do not work with you in legal ways.

You will have to file complaints with the Attorney General in your state; file revocation of Garnishements and wage reassignments -- and you will have to keep sending them email after email, FAX after FAX to get them to mark your accounts paid in full.

Following these steps, I've had two companies mark my account as PAID, and I have payment arrangements with two store-front companies in my state. I am still battling with five companies BUT I have my entire paycheck now, and I am not paying illegal roll-over fees.

HANG IN THERE!
YOU CAN DO THIS!

The people here are amazing and will help you along the entire way as they did with me.

they were advisted on here.... and I have heard of them on the TV.

can someone please explain the texas payday loan laws to me....its confusiing....too much jibberish....

If you close your checking account, they will go into default and BMG will be bad news. I have only dealt with BMG and one click from your list. I have a settlement with one click and they settled for less than what the original loan was for (they subtracted some of the fees I already paid) But even though they knew my checking account was closed they still tried to take out of my account 7 different times in 1 month. And because I was overdrawn at the time they couldn't close my account. So I ended up with over $500 in NSF fees. So be careful and talk to your bank before you close your account. They may be able to freeze the ach's. But like I stated before BMG will turn your account over to united pay service or bass & associates. They will threaten you with arrest and other charges. but do not believe it. Do what sarah said, file complaints. Since my state contacted them they have not contacted me. So she told me not to worry about them and don't pay them anything until I hear from her.

I had 10 internet loans and 10 store front loans at one time. I am dealing with this on my own and getting them paid down. It's taking me a bit but one more will go paid in full tomorrow :) So hang in there. You can do it!!

Can anyone tell me how to see if a payday loan store front place is liscensed in az? Also how do I find out the acceptable repayment alternates for az?
Thank you
Courtney

Here are the Payday loan laws for AZ ... (just select your state),
you can go to your attorney general's web page ..there is usually a link to the dept. of financial institutions or what ever your state calls it...where they have a list of all licensed lenders, etc. If your company is not on the list they are not licensed in AZ.

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

What is this number - is this Citi-card?

can these payday loans garnish your wages

There is a big difference between internet payday loans or store fronts, licensed or not, and what state you live in.

is there anyone who can help me.

I live in California. I have 7 Payday loans that sums to $3,100. I have paid the interest only for $2,670. Nothing in the principal. How can I reduce the interest?

missthang138: Go to your bank and have them put a freeze on all debits immediately. Once your account is secure, then you can start dealing with them. I sent my letters July 27th and received a refund and PIF from one pdl 3 days later. Yesterday I received another PIF communication. It takes time but it works. And I have my paycheck back, and I can sleep at night. If you take out a big loan to pay them off, you will be paying their fees along with what you borrowed. If they are illegal, you only need to repay the amount borrowed. So don't take out a loan to pay them off, the fee charged on a big loan will be very very high.

I was wondering If you can help me with these payday loans. Thank You.
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