How can I get out of this vicious cycle?

There are a few companies that consolidate payday loans. If you would post what state you live in, who the loans are with, the amount borrowed, and the amount you've paid so far for each loan we can give you some good advice on how to handle them.

See the consolidation companies in Colorado

http://www.debtconsolidationcare.com/colorado/

Take quotes from each company and know about the repayment plan. Sign with that company that gets you the lowest interest rate from your lender and waives off most the late fees. Check with your AG if there are any complaints against the company you sign with.

Hi Marilyn. Welcome to the forum. First, are they licensed in your state? If they are licensed in your state, they have to go by your state laws. If they aren't licensed in your state, then more than likely they are operating illegally. To find out what your state laws are and to see if they're licensed in your state, go to this site:

www.paydayloaninfo.org

Since you are registered, you will be contacted shortly by a debt counselor who will go over your options with you. Good luck.

Mari-First things first..please answer the following questions and one of us will be able to help you better...
What state are you in? How much did you borrow from each company and how much have you paid? What companies are you dealing with and which ones are internet?

Sorry, I didn't notice Colorado at the top.

Here's the laws for Colorado:



Check and make sure each company is licensed to loan in your state. Odds are the internet ones won't be.

I would concentrate on taking care of the storefront pdl's first, as they are most likely to be legal and could take you to court over the debt. You can try and talk to them. Be honest about your situation and they may agree to set up more affordable payment plans.

This latest topic took only 9 minutes to reach the "Recent active community discussions" in the homepage.

It's a strong community participation on the board. :)

Just so you know, you have come to a wonderful place for support, advice and encouragement. You will find a lot of good infomation here. Hang in there. You will get through all of this. If I can do it, anyone can!!

It is wonderful to know others have gotten through this hell and are here willing to help. God Bless and thank you for the quick replys, Marilyn

You just need to be patient and it will take a little work on your part, but you will get there. Take the time to read through the forums and see what others have done. I have not had a store front and am in NC, but I can tell you that many others have and have gotten themselves out of their situations and there are some that are still working on it a little at a time. Just don't get discouraged.