Grandmother needs HELP

n2deep ~ Hello and welcome. Several of us have been in the payday loan cycle and it is very scary because these people are mean and very threatening. In order to help, we will need alittle more information from you.

What state are you in?
Who do you have the loans with (and are they internet or storefront)
How much have you borrowed from each one?
How much have you paid each one?

A lot of the information you can get from your bank statements or if you can access you account on line, you should be able to get the information.

Also you might look into closing you account so they cannot take any more funds from you account.

You have come to a good place for help, information, support and encouragement. You will get through this.

1. I live in Staines
2. I only have storefront loans.
3. Do you want a list of all them. I owe between 200$ and 5,000$.
4. Ive paid a lot on a few. Like Sonic, I have paid over 1400$ on a 200$ loan.

[color=Blue][/color]
N2Deep--
I am so glad you are here! First off, Your last post mentioned Sonic. If you have them, they are an internet lender, not storefront. A storefront lender is one where you actually go into a building to take out the loan and an internet loan is one you take out with your computer.
What you should do is list all of your loans and document whether they are storefront or internet. Storefront lenders are licensed to do business for the most part in your state, and as such should be dealt with first. IPDL's are not for the most part, but you need to check this information and you can do this on this site.
You also need to document the amount of each loan and how much you have actually paid on each with rollovers. You might have already paid them off in full and as such, you need to demand that each lender mark your account paid in full--or else file with your state's attorney general.
And lastly, you MUST close your checking account, open a new one and DO NOT give out the number. This is an important first step to getting control of your finances back.
Many of us here have been or are in your shoes, so please post back often, OK? Good luck to you.

Thank you so much sweety. I have a few questions. Why do I keep having to type in my name. I want to just be signed in constantly.
Sorry about the confusion about storefront, I had no idea what they meant. Like I said I is out of the UK and all this bologna is driving me mental. I mean one day I feel like eating some jujubees and the next day I am paying 3 times the amount for those jujubees. Its total rubbish.

Just register with the forums and that way, all you have to do is login! And trust me, we want you to be signed in too! That way you get to use all of the features you can find here.

What state is Staines in? We ask this because if they are prohibited in your state, you may only owe the principal.

Quote:

I think it would be enlightening to find the laws out and the support we provide stretches across all boundries!

N2deep - if you live in the UK, I beleive that they have some investigation going on regarding payday loans. There was a thread here a few months ago regarding this - I am going to see if I can find it and post it for you.

Here is a link to the article that was published in a paper in the UK.
http://www.direct.gov.uk/en/moneytaxandbenefits/managingdebt/debtsandarrears/dg_10035958

Awesome work Irish, I was reading this thread and thought this poor woman, I feared we would not be able to help her at all. At work, even if I can't get a solution to someones problem, I try to put a resource in their hand that will lead to the answer. I never let anyone leave empty handed. Great job!

I totally agree. Well done, Irish. Now let me pose an interesting question to the group: An obvious big problem in the US with PDL's is the offshore crowd, located for the most part in the UK--and I'm talking about Sonic, Cash Today, Rio, among others.
Now would these companies be licensed in the UK--so would they be considered legal there and have to follow UK laws?

kscornell ~ that would be interesting to know. It would be great if we could get some more information in regards to pdls in the UK. Oh, to get these people from the good ole USA and the UK :twisted:

I think that if you go to this link it tells you where to go to see if these companies ar ligit in the UK. It seems that they are having the same problems that we are over here. I think that there is also a place that tells you where to complain.

I would not have a clue. I suppose a simple search just like you are looking for anything else would reveal the answer.