Payday loan troubles in Texas
Date: Tue, 02/03/2009 - 12:52
I took the first steps to day to get out from under this mess. I closed my bank account and had them put a hard debit block on the account. They opened a new account for me and transfered my direct deposit from work to that account. All I had to do was tell them I am consolidating my debt and the payday loans are part of it so I needed to close the account. So now the payday loan companies will be denied when they try and take funds out. So I'm confused about where to turn next. I have been looking at different debt consolidation companies and I found one called Progressive debt relief that sounds pretty good. Anyone ever heard of them or used them? Here is the list of PDL companies I currently owe money to:
Payday one - $996
Check n go - $391
Cashnetusa - $737
paydaymax- $385
first cash ltd -188
paydayyes - 390
ace cash express -390
ameriloan- 130
goodtime cash -260
united cash loans - 390
jett lending - 390
Totals - $4647
These were all done online. Even though some of them are small all the payments together total near $1000 a month.. I can't pay them anymore.. I've been doing this for months and I need out now. I have paid over $4000 just in fees on all of these loans. Am I on the right track? Thanks
I'm going to look up how much I've paid on each loan and then I
I'm going to look up how much I've paid on each loan and then I will post it in a little while. Are any of these companies illegal? How do I find out which ones are licensed in my state?
You are on the right track. Do not let them get your new account
You are on the right track. Do not let them get your new account info as part of a "payment plan." They will clean you out. It is a relief to hear they are not local storefronts as Texas can prosecute for closing an account if fraud can be proven. Can you tell us how much you have paid to each one individually so far including all fees and rollovers?
yes I will look that info up right now.. There is a check n go a
yes I will look that info up right now.. There is a check n go and an ace cash express in my town. But I didn't get my loans there, I got them online.. it won't still count as a local store front will it?
Ok... Payday one- loan amount $750.00.. I've paid $245.37 in
Ok...
Payday one- loan amount $750.00.. I've paid $245.37 in finance charges and I currently owe $996.12 to pay in full.. It has been refinanced once.
check n go- loan amount $400.. I've paid $202.87 in finance charges and I currently owe $391.24 to pay in full. It has been refinanced twice.
Cashnet Usa - loan amount $600.. I've paid $137.22 in charges and I currently owe $737.22 to pay in full. It has been refinanced once.
Payday max- loan amount $300. I've paid $123.69 and I owe $355.83 to pay in full. Been refinanced twice.
Ameriloan - amount $150.00. I've paid $125.00 and I owe $130.00 to pay in full. Been refinanced twice.
Payday yes- amount $300. I've paid $45 (reduced promotional first time fee) and I currently owe $390 to pay in full. Refinanced once.
ace cash express- amount $300. I've paid $90.73. I currently owe $390.73 to pay in full. Refinanced once.
Jett Lending - $300. I've paid $0 on this loan and owe $390 to pay in full. Has not been refinanced.
united cash loans- $390.00. I've paid $90 on this loan and owe $390 to pay in full. Refianced once.
Good time cash - $200..I've paid $60 and owe $260 to pay in full. Refinanced one.
First cash ltd.. $200.. I've paid $150 and owe $188 to pay in full. Refinanced three times.
This is the second or third time around with most of these loans. I've paid them off in full and had to take out another loan the same day just to get by.
You sound like me. I had to pay on a empty apartment for 7 month
You sound like me. I had to pay on a empty apartment for 7 months,720.00. I got married and moved in w/him and my landlord wouldnt sublease. I fell into this trap-bad. Got sick of it, couldnt do it anymore. I turned to a debt relief program that works with all of my loans, except cashcall-my other nightmare. Theres fees involved but at least I have the extra funds to live. I see the light at the end of my tunnel...just cant wait til its so bright I need glasses.