Where do I start

first of all welcome...please list what state you are in and if these pdl's are internet or store front and the company names of the pdl's. This information will help us to help you. Also please list how much in prinicipal you have borrowed and how much you have paid back so far. Someone will be along to advise you further.

I have payday loans in Texas all of them but two are online loans. I

If you would like help in learning how to handle these yourself, please list the name of each loan, internet or store front, the amount, and how much you have paid on each including the "fee's". I will list Texas law for you....

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

We can help you, work. If you wish, you can list the pdls that you have (storefront and internet), how much you borrowed (principle only), how much you have paid back (total). Distinguish between the internets and the storefronts. We can look at your state pdl law and we can tell you if you're dealing with licensed/legal pdls or illegal ones. Here are your state laws regarding pdls; however, some storefronts in Texas operate as CSO's, which don't have to follow the state pdl law.

Ok here is my list,

Mycashtime 414
Cashnetusa 1088
Paychecktoday 260
USApaydayloan 390
Instantloantoday 390
Purposecashloan 500
Magnumcashadvance 500


Are there services I can get for someone yo consolidate all of them?

Work at home, how much have you paid on these and which are store front and which are online? There really are not consolidation places but there are two companies Town and Country and Langhorne. If you do a search in the box above you will be able to read what others have written about both. They both charge you to negotiate with the pdl;s which is why people have been trying to get you to give the information we asked for, we will not charge you to help you get these pdl's out of your life. So....you can do it yourself or you can try those two companies. If you want to do it yourself please list amount paid and storefront/PDL info and we will help you get started.

Just to add to what stargzr posted, are all these internet? And the amounts you have - are they the amount borrowed (principle amount only)?

If you could put some of this on 0% CC would help. If you are able or not to put them on a HELOC you need two jobs. Transfering PDL debt to any other loan vehicle is helpful, but trying to pay them slowly is useless. How you allowed yourself to get here is a huge problem to fix. Read Dave Ramsey's Financial Peace or the The Total Money Makeover, either will teach you much you need to know about managing money.

Confused by your post Guest...what do you mean by 0% and HELOC? Or trying to pay them slowly won't work? It is not easy to come up with the money to pay off several all at one time?
The thought of not being able to get out of this *mess* without taking steps is next to impossible for me....though our thread originator may be able to do so more swiftly than myself.
Dave Ramsey has some great advice, but it costs money to even join his Forum, or buy his books. I took them out at the library. I got frustrated because the majority of the people he helps are those with big incomes. I live a few miles from his business...maybe fifteen. He gives little advise on PDL's except not to do them and to stop paying them and pay them off. Maybe his phone counselors, who you can call for free give more advise than this?

egypt-I think we had a bit of spam earlier today..I have seen this Guest post a few times. What they were saying is transfer the pdl debt to a 0% interest credit card (because we all have those just laying around)or use a Home Equity Line of Credit (HELOC).

All of the loan I have listed are online loans. I am not able to get all the information from a few places they have locked my account. I will have to call to get the info. Here is the info I do have.

Cashnetusa.com
Borrowed 850.00
Paid 2 payments of $212.50 each, not sure what they are showing now for the balance.

Purposechasloan.com
Borrowed 350.00
Paid 2 payments of $98.68 each.
Balance is $326.00

work, it looks as though (and correct me if I am wrong) that the amounts you posted as borrowed include the "fees". Like your Instant Loans Today - you posted $390. I'm pretty sure you borrowed $300. That's how they operate. Now, the part we really need to know is (if you can find the information) is on each of these internets, the amount borrowed (do not include their fees, just the amount deposited into your bank account from them) and the amount you have paid them back so far (every penny you have given them to date). We can help with this once we get amounts. We need to check and see if these are even licensed to lend in your state. PaycheckToday you probably borrowed $200 and the "fee" is $60. I know they will not be licensed. This is why we need to know amounts. You may be dealing with some unlicensed/illegal pdls here. However, we can see how may/may not be licensed to lend to you. But, if possible, see if you can get exact amounts. I know it's work. It took me FOREVER to figure all mine out. Then it turned my stomach when I saw the amounts.

I would like to thank you for all you help. I am really trying to get rid of this debt. I would like to buy a house and not have this hanging over my head.

Ok here is the information I have so far.

Magnumcashadvance.com-
Borrow-300.00
1 pymt of 131.38

Usapayday-
Borrow-300
2 pymts of 90.00 each

Purposecashloan-
Borrow-250
2 pymts of 98.68 each

Cashnetusa-
Borrow-850.00
1 pymt of 212.50

Paychecktoday-
Borrow-200
1 pymts of 60.00

Paydayloanyes-
Borrow-350
1 pymt of 105.00

Cashinawink-
Borrow-500
1 pymt of 125.00

Hope this helps.

work, I'm confused (doesn't take much!). I'm comparing the list you just posted to the list that you posted on the 22nd and they don't match up. Either some are missing off your second post or you didn't put them on there? Or is this in addition to what you posted on the 22nd? Sorry to keep asking so many questions, but I'm trying to get them all in order so we can help you.

My new list is in addition to what I posted on the 22nd. When I got to looking for information like you asked I started finding all my information. Sorry to confuse you.

Perhaps to help us to help you better, you can post 1 list with everthing on it. It is confusing this way, and we wantr to be able to help you in the best way.

Mycashtime 414
Cashnetusa 1088
Paychecktoday 260
USApaydayloan 390
Instantloantoday 390
Purposecashloan 500
Magnumcashadvance 500
Magnumcashadvance.com-
Borrow-300.00
1 pymt of 131.38

Usapayday-
Borrow-300
2 pymts of 90.00 each

Purposecashloan-
Borrow-250
2 pymts of 98.68 each

Cashnetusa-
Borrow-850.00
1 pymt of 212.50

Paychecktoday-
Borrow-200
1 pymts of 60.00

Paydayloanyes-
Borrow-350
1 pymt of 105.00

Cashinawink-
Borrow-500
1 pymt of 125.00

Okay, I just copied them all into one post. However, I'm still seeing differences. For example, PurposeCashLoan first says $500 - then it says $250. Can you look at this list and for each one tell us the amount borrowed (principle only) and the amount paid (total to date). I'm sorry to keep making you do this, but I'm trying to get it all straight and then we can make some progress! :D

Good Afternoon,

The list is complete. The information at the top was information I had just off the top of my head. Once you told me what you were looking for I went back through the information that I had then I posted the information for each loan. That's why there is a difference. At first I really didn't know how much I owed, then I went to digging to find the information you wanted and her is the complete list.

Magnumcashadvance.com-
Borrow-300.00
1 pymt of 131.38

Usapayday-
Borrow-300
2 pymts of 90.00 each

Purposecashloan-
Borrow-250
2 pymts of 98.68 each

Cashnetusa-
Borrow-850.00
1 pymt of 212.50

Paychecktoday-
Borrow-200
1 pymts of 60.00

Paydayloanyes-
Borrow-350
1 pymt of 105.00

Cashinawink-
Borrow-500
1 pymt of 125.00

work, okay, so I'm comparing lists again (I'm ****!). So do you NOT have loans with My Cash Time and Instant Loan Today? They are not on your most recent post when you stated it's the complete list. Or did you forget them? We'll get this down! Once I have all the information (for the two in question), I can start checking it out for you. Also, check your messages. I sent you a couple of pm's.

[color=Red]****Adult term removed - Jason[/color]

I am so sorry for not getting back with you. I don't have the information on instantLoan Today that why they are not on the complete list. I am also trying to get the info from Mycashtime. The last list is the complete list. I also got your pm's too. I didn't know I had messages sorry about that. Ok, I think we are ready to go now that we have the list thing out of the way, hope to hear back soon.

Thanks again for all your help!

Are any of the loans on my list illegal?

With payday loans, where they REALLY get you is the 'fees'. I've read ALOT of posts/threads on PDL's. I think it's GREAT that people are on this forum to help other people. After discussing PDL's, it's good to see 'relief', when people respond back. Just wanted to put my '2 cents' in.

Some of them are most likely going to be lending illegally. We'll have to check each one out. Hang on for just a bit. :wink:

Any luck on finding out which loans on my list are legit or not?

OK... Work, I know Cannr has been working for you on this...Texas is a little different that the rest becuase of the laws. If I am understanding what I read on the beginning of your thread, PDLS must be licensed in Texas...I researched the Texas database and none are listed as PDLS, however, we need to be sure that the are not licensed as Credit Service Organizations rather than pdls...I am familiar with some of them and are willing to bet they are not...but I want to be SURE!! I know the waiting stinks but hang in there.

Here is what I have found about Cash Net.. Looks like it is going to be licensed as a Credit Service ORganization

Cashnet is licensed as a CSO (credit service organization) in many places and is not governed by the laws that apply to payday lenders in those states. They are extremely careful about not violating any state laws wherever they lend.

Cash Net USA is licensed in almost every state it lends in, with the exceptions of Texas, Florida, and I think 1 other, where they are CSO's. They are registered with the Sec of State as a CSO in each of those states.

Isn't the Purpose loan an installment loan like Think Cash is???

I believe so Cannr..I knew this company but could not remember why...didn't Tweety have a thread about this?

Here is what I found searching the site and FedupinPA also said it was an installment loan.

Okay. That's what I was thinking. I do so believe that Purpose is a "loan". I think it's the one where "people" give you the loan and you pay it back. It's not a payday loan. And, roxy, you found one to be operating as a CSO, correct? Do we need to check on all the others?

i have 5 storefront pdls in texas i need help

i have 5 storefront pdls in texas i need help