Need advice and a point in the right direction

I am sorry to hear about your troubles. You have come to the right place for help. You need to provide us with more information such as what state are you in, how much have you borrowed on your pdl's, are they storefronts or internet and the principal paid back. Have you tried talking to your landlord in regards to your rent.

One suggestion that I have for you is to register as a user that entitles you to a free consultation with a financial coach. You can either sign up online, calling the 1-800-601-1579 or click on the debtcc live help button.

Good luck and keep us posted.

ladybug

I am in California. I have far too many payday loans, both online and storefronts, probably 8 or 9. Money problems hit me and I used a payday loan to catch up, but ended up getting hit with another money issue and another and another... eventually, I had to get payday loans to pay the refinance fees of others. :(

I have a $500 loan through ThinkCash which I am halfway done paying. I have a few $255-$350 internet payday loans and a few $255 storefront payday loans.

I haven't spoke with my landlord yet, as I need to have a better idea what I am going to do before I speak with them.

Iguana...don't think you have too many...most of us here had that and a lot more. There is one person here that had 20. I personally had 10 and am down to 2. So if youwould like...please post more info like Ladybug suggested...it can be done. Your first step would be to make arrangements with Think Cash as I believe they are an installment loan...then the store fronts...then you can close your account maybe and get better control of your money again.

Here's the list:

Online

ThinkCash: Currently owe $326.10, will be $435.78 counting fees, 5 payments remaining
MTE Financial: $390
500FastCash: $390
OneClickCash: $455
LoanShop: $300
UpFrontCash: $455
CashCentral: $300 (will be paid off on the 12th)

Storefront

Ace Cash Express: $300
Advance Til Payday: $300
California Check Cashing Services: $300
Allied Cash Advance: $300
EZ Cash: $230

Ok, so I have a couple more than I thought. :P

Hi Iguanagirl. Here are the Payday loan laws for California here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

How much have you paid to each company? I see that rollovers are not allowed in your state. It specifies that you cannot charge a fee for an extension. Also, no fees may be charged for a repayment plan, which is a good option for your storefronts. They are most likely legal and licensed.

I can tell you for certain that MTE and 500fast cash are of the same d/b/a and are notorious for their nasty collection practices. But, other than that, they really can't do anything to you. Have you closed your checking account yet?

No, I haven't closed my checking yet, but I was thinking about it prior to finding this site and I'm even more inclined to do so now. Any clue what Bank of America's policies are in regards to ACH transactions?

I will call the storefront locations and ask about repayment plans. I didn't even think that was an option until I found this site!

As for the internet ones, with the exception of ThinkCash (which is already installment) and CashCentral, the rest are all charging me between $90 and $105 every two weeks to re-finance my loan, which appears to be completely illegal according to my state's laws. Looks like I have a good leg to stand on there. :)

I have no problem at all continuing with my ThinkCash loan until it is paid off (5 more payments) and I'm ok with paying off the CashCentral loan on the 12th if I have to.

Well, it sounds like you are starting to formulate a plan to deal with this. :-) Figure up how much you have paid to each, as you may be due a refund. A good many members have been successful getting refunds. Especially when they begin to involve state regulators.
As for BOA, I have read mixed reviews. Some are very successful with getting them to stop the debits, while others have had them force their closed accounts open to make the drafts. I would speak to a manager there to ensure that your account won't be forced open if you decide to close it.

I've noticed that Bank of America is very good about pushing things through and collecting their $35 NSF rather than denying transactions in the past.

Do you think that my plan sounds fairly solid? Any suggestions on how to better deal with the situation?

Please read this before talking to your bank:
http://www.debtconsolidationcare.com/paydayloan/close-account.html

I would: make arrangements as necessary with the installment and store fronts, close your account, send letters revoking right to debit and wage assignment to ipdls, file complaints on them with your AG,BBB and the FTC. Just having your bank account available again should help a great deal. Make sure you figure out exactly how much you have paid in "fee's". for ie: 300 loan, paid 450...then you can see if you still owe any of them and you can offer the balance in your letters.

Hi, Iguana,
I am also in California and extend a very warm welcome to you. Looking at your list, I see you're with California Check Cashing. I have also dealt with them and know about their extended repayment plan which I have used. Simply, you go in, fill out their form and agree to pay 4 equal payments on the same day each month: $75. I would advise doing this--and you can pick the date of the month.
What you can do with your internet ones is check on the California Dept of Corp website to see if they are licensed. If not, I would just work on paying back your loan principle, what you actually borrowed. Remember, rollovers are not legal in California. I also see you're dealing with MTE, which is nasty and an offshore, which means they are not in the USA.
If any of these IPDL's give you grief, immediately call the California Dept of Corporations and file a complaint. I can help with that.
Good luck and let us know what's happening, OK?

According to the California Dept of Corp, the only licensed ones are Loan Shop and Cash Central. Loan Shop, while licensed, is not following the state laws, though. They are charging me $45 weekly for extensions (as I get paid weekly).

Looks like you have some good advice here with which to gain control again. Even with just the 6 ipdls...that should leave you at least a +600. more a month to work with. And if you have been paying on them for any length of time they are probably PIF. Good luck and let us all know if you need anything else...