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Need Some Pay Day Loan Help

Date: Thu, 05/22/2008 - 16:50

Submitted by gottaloveit465
on Thu, 05/22/2008 - 16:50

Posts: 3 Credits: [Donate]

Total Replies: 5


Please Help! I am a Minnesota Resident and this past fall I took out some pay day loans. They soon "took" over my life and checking account.I closed my checking account associated with these pay day loans. Now a few of them have been turned over to collection agencies.

E-payday loan--borrowed 300 turned over to vincent p cignarelle law office, in NY I paid them 50 in renewal fee then closed checking

cashnet usa i borrowed 450 paid 224 in renewal fee's they are now saying that my balance is 530 plus they turned over my interest payment or rollover fee separately to the collection agency...SO now I supposedly owe 740 with return check fee's and "interest".
money & more borrowed 300 paid them 500 they are saying it was all rollover fee's that I agreed to
UCA borrowed 350 paid 75 they turned me over to a collection agency and tacked on 500 worth of fee's interest payment, returned check fee's.


What to do?


Hello and welcome! :) I'll post your the Payday loan laws for Minnesota here (just select your state), but we still need some additional information if you don't mind. As llw stated, are these Internet or store front, please specify on each on them. Thank you!
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html


lrhall41

Submitted by Shazzers on Thu, 05/22/2008 - 17:32

( Posts: 17344 | Credits: )


I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!


lrhall41

Submitted by Shazzers on Thu, 05/22/2008 - 17:33

( Posts: 17344 | Credits: )