How to pay off the Debt/Payday Loans

Lanae
Please list what state you live in. How much each loan is for, the amount you have paid back, including fees and if the loans are internet or store front.
Also, you need to talk with your bank about closing your account or putting it on deposit only status.
If you list the information requested, there are many knowledgeable people on this site who can help you.

Hello khill, Happy Holidays to you & yours.

$508.00-cash transfer (internet)
$287.00-cash net usa (internet)
$235.00-cash central (internet)
$400.00-payday serv.+$150.00(finance fee) (internet)
$200.00-itsmypayday +$45.00 (finance charge (internet)
$300.00-loanpoint +$90.00(finance fee) (internet)

Hi Lanae please list what state you reside in so that we can look up your pdl laws for your state, someone will be along shortly to assist you in determining your state laws.

ladybug

Hello Ladybug, Happy Holidays to you & yours.

I reside in California

You will find 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 back in total to each lender.

You are going to have to close your bank account. If your bank will NOT close your account tell them you need to put it on deposit only status or you need a hard debit block on it. Tell them there has been some illegal activity on it and you need it closed. You will probably need to talk with a bank manager.
If you have direct deposit, get a paper check until you can get a new account opened.
Please read the information below before closing your account.

I currently bank with a credit union do you thnk they would put a deposit only on my account?

i would think thats a start, how much have you paid lanae?

I am also having problems with paying off payday loans. I reside in Mississippi, and I have 4 loans. Any advice?

Lanae,

Happy Holidays to you too!!

Please see the link below. Some of these companies have Cease and Desist Orders against them, which means that they cannot lend to consumers who live in the State of California. If they do, they (PDL) can be charged criminally and civilly.

http://www.debtconsolidationcare.com/paydayloan/ceasedesit-listing.html

Also, the loans are invalid and definitely illegal.

If these companies are illegal and on the Cease and Desist Orders, contact the Department of corporations immediately.

I have a question are there anymore alternatives besides closing my bank account???

It's really a necessary thing. The pdl's will not stop debiting the account. They will try for months, if not years, to hit the account. It really has to be closed if you ever want to have your money safe.

Why do you not want to close the account? We have a banking forum here, and there are people that are experts at finding a new bank for someone that has negative items on their Chexsystems report or other banking problems.

HELLO GOUDAH, HAPPY HOLIDAYS.

I was wondering If I can close that account and open a new account with the same bank.

I am in the same sitch, have about 5 payday loans out, have been paying for months and months...need to get out from under, I live in New Hampshire what can I do? If I close my acct? I will pay back these companies, I just cannot go on this way...any advice?

I am in the same situation. I owe 6 payday loan companies and they are tearing my account up. I can not give them any money because they are blowing my account up. I have talk to my bank and there isn't anything they can do at this moment.

Welcome to the forum. Please list the state you reside in, the names of the pdl companies, how much your loan was for & total amount you've paid on each loan. Need to know if they are internet or store front. With this information we can post your laws & help figure out what the next step is. Also let us know what you've spoken to your bank about so we can give some suggestions on that situation as well.