help me get out of oay day hell

Edited by Goudah

First you need to get together all the information on each loan. You will need the original amount, how much has been paid so far and what tehir terms are. Also include what state you are in and wethere they are internet or storefront. Others on here have more knowledge but I think this is where you and your son need to start.

Is your son going to give you all that info? If not, go search his room for it if he lives with you.

thank you for helping so far.Did I do something wrong I noticed I was edited out.
i will try to get the info. but it may be hard, because he is very secretive and when i asked him why all these people wre calling me he got angry. I can try to look in his room when he is at work, but I honestly do not know what i am looking for. We have never had a loan out and I dont know very much about the loans he got.

I think someone else's comment was edited out, it was not constructive to this dialog.

can anyone help? what can i do here?

Yes, you were not edited, just a rude comment was edited out.

For us to be able to provide some good help to you, we will need some more information.

We need to know:

What state he is in

Who he borrowed from

How much for each loan

And how much has been paid on each loan

If you can somehow get us this info, we can provide you some solid advice on how he can deal with these loans.

i will try to get the things you need. will they arrest him. He is a good kid, i dont understand what is going on here. I do not want him put in jail for this

I can't really say for sure until I know more about the situation.

But I can say that as long as he didn't take out the loans with the intent of not paying on them, he will be fine. Getting in over your head is not a crime, although when the pdl's call they will try to tell you that it is. But they are just trying to scare you into paying at that point.

If he has any storefront loans, there may be a possibility of bad check charges. But that varies state to state, and really depends on the situation.

If it helps we live in West Virginia

Yes, this helps greatly! I can put your mind at ease right now! Payday loans are ILLEGAL in WV, and that means every company your son borrowed from is breaking the law.

The WV attorney general has been suing these companies left and right. Your son needs to file complaints against them all asap. The AG's office can help get the companies off his back.

And no, he absolutly cannot get into any legal trouble because of this. The companies are illegal to begin with, so they cannot do anything to him.

found his bank statmnts. they are taking almost his whole paychk! I think i am going to cry.

Oh I am sorry to bother you again.I dont know what to do. the statemnt I found was old, and they are overdrawing his account. he does not make that kind of money that they are taking out. Is that why they are calling me. Did he commit a crime. I am at my wits end. Thank you

It's no bother! This is what we are here for! To answer questions! :D

I do not think he commited any crime. He needs to get this bank account closed ASAP. Please read the sticky on closing your bank account. There are some protections he may need the bank to put in place so the pdl's don't keep taking his money.

Please, know that you have found a place to help your son. Most all of us have been in your sons situation, and got out. We can help.

It is Illegal in any state to have a contract with a minor.

Her son is 21 years old, so he isn't a minor.

i found some paperwork in his room
Does this mean anything to any one? One step cash, Magmun, star advance, one click, united cash loan. I will keep looking.I am so scared, what did he do? how did he do this? what will happen to him?

what is cash tranfer centers? found paperwrk on that too. what is all of this?

guest, these are all internet loans. He apparently took out internet loans and the internet lenders are debiting his bank account, which is why his bank account has all those debits coming out of it.

i dont understand all this,and i am scaredto tell his father. He is ill and i dont want to get him sicker. what does all of this mean. I have been seing things about laws. i am in west virginia. How do i find my laws

Please don't be scared. I know it's all very confusing. Especially when it's your son. I'm going to post the pdl law for West Virginia, okay? So you can see it. It seems as though pdls are prohibited in West Virginia, which could work in your son's favor. Also, it seems as though the loans he took out are not licensed/legal lenders, which could also work in your son's favor. Hang on. I'm going to post the West Virginia state pdl law for you.

You will find the Payday loan laws for Virginia here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Ok i found this info
One click 300 paid 650
star advance 400 paid 256
united cash loans 300 paid 90
magnum 500 paid 180
i am still looking for more. I can only look when he is not home

guest, your son needs to close his bank account. These pdls he has out are not licensed/legal. Pdls are prohibited in your state. He has already overpaid One Click Cash. These pdls are going to continue to debit his account forever if allowed. Can you speak to your son regarding his bank account? He needs to do something.