Please Help Me...

welcome to the forum.first yes cancel your direct deposit and get a live check for a few weeks while you sort out the mess with the bank.next if you could answer the following.

1)the names of all 8 ipdl's
2)how much borrowed from each
3)how much debited by each so far
4)what state are you in
you can have your account put on DEPOSITS ONLY status until you get back to even or positive.then close it,but cut the ipdl's access to your account for when it is positive and closed they can't debit anymore.again welcome and if you could provide the info requested we can and will help you here.

I am in Arizona. I don't know exactly what you mean by how much debited by each so far. I have paid rollover fees, but nothing on the principals on them...

Below is what I owe each of them, including interest.

1 CashNet USA Online payday loan 460.16 % $ $613.25
2 my cash now Online payday loan $ $686.20
3 Speedy cash Online payday loan % $ $436.76
4 Cash Transfer Center Online payday loan % $ $635.00
5 One Click Cash Online payday loan 608.33 % $ $350.00
6 Star Advance Online payday loan % $ $217.80
7 US Fast Cash Online payday loan 497.73 % $ $325.
8 Cash Central Online payday loan % $ $352.92
Total: $3616.93

well all but CASHNET USA are illegal which means any rollovers go toward the loan.yes all rollovers go toward the loan.CASHNET is legal and tough.you will have to try and work out some sort of arrangement.if you could try to fnd out how much each of the others have taken from you thus far you will see how your position isn't as bad as you thought.

I will add that up right now... thanks!

that will be key.

So I have good news and I have bad news. I forgot about one loan.
Paycheck Today Online payday loan $200.00
Also, I have paid some on some of them. A bunch of them I had just gotten reloans so what bounced was the first payments I would have made on them.
2 my cash now Online payday loan 372.4 % $ $686.20
- $152.95
3 Speedy Cash Online payday loan % $ $436.76
-230.28
7 US Fast Cash Online payday loan 497.73 % $ $325.
-$75.00
So now, I call the bank and set up deposit only. I don't know if my check for this week will make it off the direct deposit list in time. If so, My account will go back to positive and there will be about 400 bucks up for grabs at midnight. Do I have to call the bank at midnight and cancel the account then, is that even possible?

Does your bank have 24hr customer service? If it does, then I would stay up, or call first thing when they open, or better yet, go talk to a branch manager.

i'll tell you what i did.

i spoke to a bank manager before my paycheck was going to come due. he couldn't close my account because it was negative, but he did tell me what time the pdl's hit my account.

since my paycheck comes in at midnight, i went to the atm at 7am and withdrew my money. i then went to the bank (it opens early) and closed my account before the pdl's hit.

good luck! i'm in the same boat as you, but the people on these boards are very helpful.

What I did was go in the bank and speak to the bank manager. She was very helpful. I explained that I was in a payday loan cycle and that I had discovered that the loan was illegal. I told her I had been trying to work with them but they refused. She was able to put a block on it for me.

Normally they charge $30 but she waived the fee as I was in the negative. You might have to pay some fees but they might waive them or at least some since you have to do more than one.

I then ran to the bank and withdrew all my cash first thing in the morning after my direct deposit just in case the block did not work. I had no way to stop that as it is required by our company. Get to the bank ASAP to get your money.

Speaking to the bank manager is really the key. Talking over the phone or to a teller is not going to get you anywhere as they may not have the authority to do so.

I did not have to close my account I just put the blocks on the two PDLs I had and it worked. The illegal one I sent a letter to via email and agreed to pay the remaining principal and they agreed. I am in contact with the other working out payment arragements.

Good Luck :)

yes i had a block on my account, it reverse all the debits and let my paycheck come in. i know at my bank, the ach and paycheck pretty much both hit at the same time.

What did paulmergel mean when he said that all but Cashnet was illegal.

He ment that all their loans are illegal (Meaning they are over seas loans probably.. and not licensed to operate in the person's state)

Cashnet is legal in almost every state, that provides payday loans.

Okay so I have been working with my bank. The bank manager wasn't able to do anything for me, but she directed me to the fraud department (which I thought was odd, but she said since they aren't liscensed in AZ, that they may help). The guy I talked to was really nice. He was finally able to get my account blocked. He is going to attempt to refund all my fees for the transactions by these companies if I can prove they are not liscensed in AZ. So, I am going to call all of the banks (he got all the #s for me) and ask what company they are working with then compare it to the licensee database in AZ. Now I need help with the letter that I need to send to all of the companies and to my employer that prevents them from attempting to garnish any wages. Can anyone help me with what all that letter needs to say? Thanks.

Here is a sample letter.

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