What can I do?

MG38, You cannot go to jail over an internet payday loan. I know this just from reading this forum. Its a scare tactic to get you to pay them. More than likely they are illegal anyways. If you would like help just post what state you live in, the comapny(s) you borrowed from how much you took it out for and how much you have already paid even if it was interest only. Someone will be along to help you shortly

I live in Kansas
It was payday Max I owe 492.32, and I only borrowed 190.00. I have not pay anything. I had to pay off a few more I got some other places paid.

So you havent even paid interest? Why do you owe 492.32?

No I have not paid anything yet. I have been paying on other ones and havent got to them yet. I owe that casue they kept rolling it over.

They kept rolling it over even though they knkew that the account had been closed

Oh ok I understand now. However from what I have learned here you are only MORALLY responsible for paying back the original amount of the loan. Especially if they are illegal to lend in your state. I guess you can be thankful that you havent paid them an ungodly amount already in interest only. Like myself Ive paid a few places 900+ on just a 200 loan. Good thing you closed your account before that happend.

Payday Max or Credit Protection Depot
Phone: (866) 645-1661
Address: no address
North Brunswick, NJ 08902

Credit Protection Depot
4601 W. Sahara Ave
Las Vegas, NV 89102
Principal : Aaron Shoaf, President
Phone Number: (702) 000-4601

mg, I'm not even showing these guys as licensed. First of all, they are feeding you B.S. I'm just being honest. Do not write them any kind of check. Do not give them any kind of bank information at all. You do NOT owe 492.32. You borrowed 190.00, correct? How much did you pay them back? Anything?

No I havent been able to, I have had more of these and paid off like three already (storefront) and i am just trying to pay them off as best as i can. i have been planning to but have not gotten to them.
They called my work the other day and I work for a school. I will be very POed if i loose my job over them calling all the time. They have not started that yet, but they probably will.

Thnaks for your help. This lady that called me called my work the other day and I work in a school. I cant afford to loose my job not only casue i dont want to but I have been working there for 5 years and I work with kids that I have been qworking with for years and I love my job. I dont want them calling there any more. i have not paid anything. Casue I have had more loans that i have paid, but i can only do one at a time. I have already paid off three store front loans
The lady to me that I had to pay half. Cant I just pay like 50 bucks money gram can they make me pay half? They want hlaf by next sat and half next month. I wont have the money sat.

Oh Thanks agian. i was going to file chapter 13 but thats a royal pain in the butt.

I just checked your state licensee database just to be safe. These guys aren't licensed. You can pay them what you can when you can. No, they can't force you to pay them over 400.00. You owe them 190.00. That's all. You can send them a letter stating they are not licensed, revoke their debit authorization, post your state law, contact you only via email or USPS, etc. They probably will not pay attention to it; however, they will at least know that you are only paying 190.00 and not a penny more. You only owe 190.00, okay? Do not let these people scare you. You can take your time to pay it also. No one is going to come and get you. Nothing bad is going to happen to you. This is what the unlicensed/illegal companies do. They know they they can not LEGALLY collect this money, so they try to scare people in paying it. If you have any questions, please post!

Thanks. When I called this lady back yesterday there was no poerator or anything it just goes right to her phone and she answers which I thought was odd, and if you call after hours it goes right to her, and says you have reached the desk of valerie martin.
Thanks so much
How to you check those licens things??
Thanks agian

oops that was me above i forgot to sign in.

ms, here is where you can go that lists out who is licensed to lend in your state. You can just go through the list.

http://www.osbckansas.org/DOCML/DOCMLBrokerLenderSearch/approved3-28-08.pdf

I have a loan out with them as well. It was for $600. I've had the loan extended 3 times so i've paid interest. I can't pay them right now so I closed my bank account. I live in NJ. They just called my job but I have my own desk so if I need to curse them out. I will.
What's the whole deal with them being illegal. Being that they are illegal do I really have to pay them back??

if they are unlicensed they are illegal.it depeneds on your state,some don't require a license in your state to be legal.if they are illegal we advise paying back what you borrowed and nothing more.

shelly, pdls are prohibited in your state. As paul stated, we do advise to pay back the principle amount of the loan - no additional fees. The reason we advise this is because the money was deposited in your account and you did use the money. So let them have their amount back that they deposited and nothing more. I'm posting your state pdl law for you to see.

New Jersey State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,???? 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. ???? 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. ???? 17:15A-47.

Small Loan Rate Cap
30% per year

Where to Complain, Get Information:
Regulator: New Jersey Department of Banking and Insurance
Address: 20 West State St. Trenton NJ 08625
Phone: (609) 292-5360
Fax: (609) 292-5461
Regulatory Contact: Ludi Hughes Assistant Commissioner