Multiple Online Payday Loans

When did you take out the loans?

This forum does advocate paying back the principal amount borrowed even to illegal lenders.

Dates loans were deposited:

OneClickCash - Jan. 5
City View Cash - Jan. 5
CashNetUSA - Jan. 6
GRC Funding - Jan. 7

I did not actually freeze the account because of the loans, but rather because of the scam fake-payday sites that pretend to give you a loan but just sign you up for $40 or $90 monthly subscriptions without your permission instead. About 10 of them popped at once, prompting me to freeze the account. I then did some research for PDL consolidating and what would happen if I defaulted and found this site.

I worry I may have jumped the gun (if that's possible) by freezing the account and refusing to make even an attempt at a first payment.

I also forgot that there are legitimate PDL lenders on this site who answer questions, so I retract the scumbag statement with apologies.

Thanks

please if you could answer pdlowner's question.you see alot of illegal internet pdl's have people believing that any fees debited do not go towards the loan.in fact since they are iilegal all supposed fees debited go toward the loan.please provide answer to that as well as how much if anything was debited by the illegals.

You mention that you were concerned about being "scammed" by places that just take money out of your account. Do you have any money deposited into your account at the beginning of January?

As for the scumbag comment, I'm sure that those of us in the legal business took no offense.

I also do fully plan on paying the principal amount of the remaining loans, $1100 total. I should be able to completely satisfy the principal of the cheaper 2 if not all 3 of the remaining loans by the end of March. I suppose my call for help was not even so much to get out of the payday trap, as much as for help to stop the bleeding, to stop the harassment and inevitable threatening phone calls/letters, and to make sure my lenders are as illegal as I thought.

I apologize if I came off as smug or arrogant or better-than-the-rest. Not my intent at all. I just want to make sure I'm doing everything right before I do something stupid that could cost me way more.

The scams were real, and I had hundreds of dollars withdrawn from my account from third party people claiming I signed up for subscriptions, after I applied for what I thought were payday loans. This sent my bank account into the deep red. When the payday lenders came to take money, the account was insufficient funds, so they received nothing. By the time it was returned and they came the second time, the account was frozen. None of the (non CashNet) pdl's have any money of mine at this time. The ones with the now inflated amounts they claim I owe are claiming (as far as I can tell) a $90 charge per time they try unsuccessfully to withdraw from my account.

I have not done this before, but based on the fact that you took out numerous loans at the same time and before the first "payment" put a freeze on your account. Your call for help was to "not get out of the payday loan trap" or "to stop the harassment and inevitable threatening phone calls/letters" raises a concern over the use of the advice on this forum. If the lenders are License or not, you will not like my comments and therefore will not include them. Others here will freely give you that advise that you need.

Good luck.

BTW, your comment was not "smug or arrogant or better-than-the-rest".

RE: PDLOwner

Fair enough. I realize that my situation is more unique than most others here. I understand your stance that I should never have taken a loan I could not afford to repay. However, my plan was never to take loans, default and deal with collections. The plan was to roll them over, pay them one at a time and forget it ever happened. Best laid plans, so they say.

I needed a rather substantial amount at once by payday standards to avoid eviction, and knew I would have to rollover the loans for a while to repay them. What I did not expect was a mountain of unauthorized debits that drained what was left and forced me to close my account and look for options. When I discovered the loans and lenders I did get were illegal, my thought process moved from "desperate for help" to "crusade against evil".

I agree that licensed or not, they are entitled to fair repayment and I will try to work with them without becoming hostile. I am even willing to repay their original amount quoted in due time. What I am opposed to is their refusal to work with me, to threaten fraud while simultaneously refusing to provide an address and loudly refusing to accept mailed payments.

I may not be trapped under a mountain of debt, but I am in a hole. I could not pay their fees when they were due to be taken out, nor can I now; I certainly was not going to give them my new bank account number. And rather than be proactive and work things out with the lender before now, I walled up and decided to hide behind this shield the forum showed me.

If I am indeed abusing the advice and goodwill of the forum, I will be on my way and work out what I can with the lenders. There are others who have been in much deeper holes for much longer than myself.

We are always here to help, I just think your original statement was unclear and it was hard to figure out your intentions. I understand now why you froze your account.

So now how can we help? You should read the sticky at the top about dealing with illegal lenders. Your account seems to be secure so your letters would be the next step.

I agree with kfstaff24. The damage is done, you can't cry over split milk and if I knew then what I know now and all that jazz.

It is time for letters and dealing with them one at a time.