Problems with payday loans

Hi, welcome to the forums. You have come to the right place. Please tell us How much each loan was for and from which lender. Also how much you have paid each one so far and the State that you live in. That way we can help you determine what you legally owe. Also you must close that account immediately.

i can't close the account it is negative

Have the bank put it on deposit only status. Go to the manager and explain that these are unauthorized withdrawals. They did that for me when mine was negative. That way the ACH withdrawals will be returned and you won't get charged.
Remember that you will be in control once you give us the info. You can expect all kinds of hollow threats of things that they can't do just to intimidate you. But you must gain control. If you haven't gotten your payroll to issue a "live" check you must do so immediately also. I can feel the hoplessness in your few words but it is not hopeless. We can help you.

well my acct is negative because of all the different fees that came out and they were paid so now i have a very overdrafted acct. it is so bad it affects me everday like a depression. i feel like i have no where to turn. i had read something about a letter to send out but i have no clue how to do it? can you help

You need to stop your direct deposit to get control of your paycheck back. You then need to go to another bank ASAP before it is too late to open another account. Once you have been overdrawn for an amount of time (Some banks it is 30 days), they automaticaly close the account, after charging you a fee each day you are overdrawn. Then you would need to reach a repayment agreement with the bank in which you are overdrawn. That unfortunately, seems to be the only way to take back control of your situation and start receiving your paycheck again, you may temporarily need to have a paper check, I know my employer requires direct deposit, but gave me a paper check until I gave them my new banking information.

Please do not feel depressed. You have to realize that once they can't get your money you have control. You must go to your bank branch manager. Like I explained in my reply to your PM, there are dozens of people here who have been there including myself. We know the dispair that you feel but we have also been victorious over the same situation. Please just follow all the instructions you get here and we will get you through easier than you think. I will promise you that! The people here are wonderful and caring and also very tough at the same time.

thank you so much for your response but where do i begin paying these things off..could you give me step by step what to do .since my acct is overdrawn i am sure no other funds will be taken out

But each time an attempt is made, you better bet your bank is going to charge you a NSF fee. You need to meet with them and explain the situation. In the mean time go somewhere else to get a bank account while you still can, like I said, after so long, your bank will close the account after it has been in the negative for so many days, all the while charging you a daily fee for being overdrawn. Then you negotiate a repayment plan with your old bank and stick to it.

Is there any way someone can help me get started with this. It may sould crazy but a step by step plan would help. A few of the payments they took out were returned and i have no clue what to do or where to start. My next payday is 7-16-07.. will you guys please help me?
Colleen

Your first step Colleen has to be to talk to your bank and close your account.Immediately go to another bank and open an account and never give that info to anyone.

Now...are all your loans internet based payday loans or store front? We need to know that to tell you what to do. Also make a list of each loan...how much it was for and how much you have paid so far. We also need to know what state you are in. Once you have all of that we can better tell you how to procede. All of us here have pretty much been in the same boat. I just did these exact same things May 17th. I have been reading here since early June and it has changed my life.

If you don't provide the information that has been requested from you we can't help you.

What state do you live in? How much did you borrow from each company and who are they? How much have you paid each one so far?

Well I had a few payday loans most are current a few went behind
payday one 500- payment was returned
payday select- 500- current till 7-17-07
my cash now i owe 200 a payment was returned
vc funding 300- payment of 90 every two weeks
geneva roth cap 400 fee of 120 overy two weeks..
payday services 250- semi neew one

theses are all of my loans there were returns on pay day one, my cash now and payday services... i see people talk about t and c , that they consolidate pdls.. does any one have a contact number or website.. please pm me thank you guys so much

oh btw i live in rhode island

Please tell us the original amount and how much you have paid so far for each one. Not what they say you owe.

Well i talked to vc funding. they said i can mail a money order. 65.00 every two weeks and i will be paid off. as fas as pay day select i have paid them 377 in interest and fees and on payday one i have paid them 577 in interest on a 500 loan. my cash now i have paid them 600 in interst and to the loan but still owe 200. i am going to call geneva roth cap and see if they will work out an arrangment for me too... hopefully this will get better