Drowning in PayDay Loan Debt
Date: Sat, 06/16/2007 - 17:07
I am drowning in payday loan debt. It started out small. I was short one payday, so I got a $200 loan to cover all my expenses. Next payday rolled around and I was short again, but this time I also had the payday loan roll over fee to pay, so I got another payday loan............etc., etc. etc. Now i'm in such a bad place that I have 8 payday loans who's payments all got bounced by my bank because i didn't have the money, so on top of all those debts, I also have the bank's over draft fees hanging over my head. I don't know what to do to even begin to get myself out of this mess. I am terrified of what the payday loan lenders will do, and since my paycheck is direct deposited, I also fear every sent I earn will be gone before I see one dime and I won't be able to pay my regular day-to-day expenses. I've contacted every credit counseling agency I can find and they all say the same thing...they can't help with payday loans....what do I do? where can I turn for help?
Are these internet payday loans or storefront? There is a soluti
Are these internet payday loans or storefront? There is a solution to your situation, give us a little more details and we can help you work your way out. It isn't as difficult as it may seem at this moment. Many of here have been in your situation. Depending upo n what type of payday loans you have (internet or storefront) will determine how you handle them. As most/majority of internet pdls are not licensed.
