Need help getting out from four PDLs

We can help you here. Please tell us what state you live in.Please do not contact any of these lenders while your account is still open. they will go in and take everything. We will guide you throug all of this.
If these are in your Hubby's name, how can he not know about it? Did you use his checking account? where did the money go? Inti his account or your account?

I live in Louisiana, sorry thought I had put that in my post.

It was very easy to get PDLs in his name, everything we have except our home is in his name. I have all of his information, and he has mine. Our checking account is a joint account, and he's offshore about 21 days out of the month, so he doesn't know half of what goes on around the house - good or bad. He has told me numerous times that he doesn't want the stress of dealing with our finances, so I do the best I can to keep that to myself.

erin - first and foremost, you are not an idiot. There are other people here who have had MANY more outstanding payday loans than you do now, and have gotten out of the problems and are now PDL free.

I will let Kashzan come back and help you, but wanted to just interject that - you are not an idiot - you realize you made a mistake and are looking to correct it.

Sue, thanks for mentioning that. We do not judge anyone here, and we are all here to help. Let me first post the laws for your state, and we can take it from there.

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

Sue, please feel free to pop in .
First United cash loans is part of MTE and not licensed to lend legally anywhere. All you are obligated to repay is the principle amount borrowed. I need to check on the others, but I dont believe that they are license in your state.

None of your lenders hold licenses to lend in your state. All you are obligated to repay is only the amount borrowed.All you owe is the dufference between what you borrowed and what you have already paid. Example amerilon all you owe is 245.00.
The first step is to close your account so that these lenders can not get any more of your money. after your account is closed you can make arrangements to pay them what you owe. You can open a new account, but do not give that number to anyone. Once your account is closed we can give you a letter to send to your lenders.Please read below regarding the closing of your account.

Way to go Kashzan - you've got it handled! :D

I am in NY, and had 7 loans. They are not legal at all in my state. I did argue with myself about repaying the principles, and in the end I did pay what I borrowed. After all , they gave me the money and I did use it. As Sue stated, I did sleep better knowing I did what I thought was right. It is however a personal choice.

Right - I have no problem paying back the principal of what we owe - but them taking $400+ per check is kicking our butts. My husband gets a bonus check once a month and I could gladly pay off one per month and send the others something as well out of that check without affecting our budget. But the stress knowing that we now have a $450 car payment, an extra $150 a month insurance, AND $400 in payday loans on the next check is killing me.
I guess I will head down to Gueydan tomorrow and close my account and open a new one and then cancel the direct deposit on hubby's check and get a paper one until this is all taken care of. I am so mad at myself for this, and we had done so well financially, for a while. We got into this mess around December, when we took out a payday loan (he knew about that one) to help with Christmas, and we were going to pay it in January. Well -- three days before our first payday in January, we get a letter from his company saying that they are changing their pay schedules, so we had to wait an extra week without a paycheck (not cool right after Christmas - right?) and then the check was $400 short because somehow (and I still don't understand how, I'm pretty sure we are getting shafted some way or another. The secretary explained it to me 3 times and neither one of us understands, nor do several other of the wives) when they restructured the pay schedule, they restructured their salaries. They said we will get an extra check this year so it will work out, but that didn't help at the time. So, basically I robbed Peter to pay Paul, blah blah - paid off everything, but then once I did that, we had mechanical problems on both cars in the same week, so I ended up taking out more... and it snowballed. It is so stressful, I wish we could just get a loan like regular people, I live for the day when our credit will be repaired.

Thanks for all the advice, I'm reading it and soaking it all in so I know exactly what to do.

You can have the check rerouted to the new account. Please do not give that account number out.Once your account is closed and they can not withdraw money, we will give you a letter and you can begin paying them in a manner you can afford. We will walk you through it all. Do not worry.

UGH! So it's too late to cancel his direct deposit for this payday, it has to go into that account. Is there any way that the bank can stop those ACH debits from coming out? I can open up a new account and then next paycheck will be deposited into the new account, but as for now, the secretary told me it was too late, payroll was turned in last Thursday to Houston.

Someone mentioned a letter that I could send to the PDL's... where would I find that? Also - two of them don't have any physical address that I can find, only fax numbers, emails, and 1-800 numbers, so would faxing their copy work? I am going to let them take their payments out of Friday's check - that will put me one payment closer to paying them all off - then I am closing the account, having his DD sent to the new account, and sending out the letters and I will start paying them off and be done with that. I slept through the entire night last night and even had a feeling that it was all going to be okay. I hope it is, I'm sure it will be. I am going to pull a little out of what we do have in savings (not much, but I can put it back later) to cover our bills for this check so we don't fall behind and I'm doing some massive cleaning out to get ready for the baby, so I'm going to sell as much as I can on ebay and then put every cent I make into the savings to cover what I borrow Friday. Thank you for all your help, and I'm sure I'll be seeing you on other boards, as I have more questions regarding other credit issues. I've been trying to clean up hubby's credit for a while now and haven't even looked at mine recently - I know mine is horrible, but his isn't that bad, so I started there. Thank you all so much, now if you could just tell me more about this letter I need to send to them, I'm horrible at writing stuff up.

Oops I forgot to sign in before posting that last one. Also - I sent a PM to Mike (I think)the other night when I joined becuase I want to change my screen name, but is there someone else I should contact about that?

You can try Jason or Vikas. Mike is away right now.

what address do you need. we will try to find them.Is your account closed. If so I will post the letter for you.

Sorry - I misunderstood. No, my account isn't closed yet because if I close it, our direct deposit will be sent back to the corporate office and we'll have to wait an additional 5 days to get paid - I know this because we've done it before. I called the secretary yesterday to try to cancel the DD, but she said it needed to be done before last Friday in order to be effective for this check. So I can't close the account until Friday when it clears.

The addresses that I can't find are United Cash Loans and ameriloan - I've searched all over, and even found forums online where other people tried to get an address and no one could find one either. Let me know if you come across it, I've looked for weeks because I wanted to mail them a letter a while back when they took some extra money out of our account and I never could find it.

Ameriloans
2533 N. Carson St.
STE 4976
Carson City, Nevada 89706

United cash loans will be under MTE. Do you have that address

Wow - thanks - I searched everywhere and couldn't find any info. Someone had told me they operated under an address in the Bahamas or some such thing. I don't have one for MTE, but I can probably find it, didn't know to look under that.

I had assumed that ameriloan and United Cash Loans were the same company - or related in some way. Their emails are identical, as are everything I've received from them. I'm surprised to find out that they aren't. You learn something new every day.

Thanks for the address, I'll add it to my info sheet, now back to painting the nursery. Thank you so much.

here is another address for ameriloan. I swear these pdls have millions.
3531 P Street
NW Miami, OK 74355

MTE Financial Services
Phone: (866) 213-0268
Fax: (866) 539-7503
Address: 515 G S.E.
Miami, OK 74355
Email: compliancedepartment(at)mtefs.com

Have fun painting

As of Monday (yesterday), the account is closed. Where do I get the letter to send to the PDL's, and what is the next step? Would sending a cease and desist letter prevent them from contacting my references and hubby's place of employment? Is there any way to do this?

Okay just one more thing - I read in another post that you shouldn't open a bank account at the same bank - which I just did. Was that a no-no?

Anyone????

elvis, Generally the members advise you to open your new account at another bank becuase that makes it more difficult for the pdls to get your new banking information and in some cases, banks have used money from the new account to pay charges to the old account becuase the pdl debits and forces the old account back open. I used the same bank and have had no trouble. I have been waging this war for the past 7 months. As for the letter, here is link to a letter for you to use as a template. You will need to change the information such as the laws, to reflect your situation...


http://www.debtconsolidationcare.com/paydayloan/outstanding-loan.html

The letter is all inclusive, even a cease and desist on calling is in there. There is no real way to keep them from calling, and they do call...Your hubby can try answering the phone, not telling them it is him and when they ask for him, tell them he was fired, quite, whatever...sometimes that works, sometimes not. I just let all my calls go to voicemail but I know that is not an option for everyone.

Thank you! I just had to thank everyone who helped me out with this. I'm sure I'll be back if any problems arise, and maybe one day I can help out with advice instead of having the problem!

You are very welcome. Glad you got the help you needed. We will be here, so if you need anything at all, please just ask.

Okay, let me bump my original post. I thought all was okay, and then hubby gets a call today that he is being served on Friday with a docket number, etc... from some guy named Ken Morgan (attorney?) with Cash Net - Are one of these companies a sub of Cash Net? These are the companies I had the loans with:

United Cash Loans (online) - Paid $0 so far on $350 loan (Payback is $455)

ameriloan (online) - Paid $105 so far on $350 loan (Payback is $455)

ImpactCashUSA (online) Paid $180 so far on $300 loan (Payback is $390)

Payday-Loan-Yes (online) Paid $210 so far on $350 loan (Payback is $455)

I'm not sure what is going on - they say that it's for a $500 loan, which we've never had.