I'm paying them off..

What state are you in?

As far as I know Payday Max is illegal everywhere and you only owe the principle on that loan. Any thing you have paid including fees are put toward the principle.

What are the names of the other companies?

It is neber a good idea to get a loan to pay off another loan. That is how the cycle starts for so many

Actually you did do it again. It is never a good idea to take out a loan to pay off other loans. That is how this mess starts. I had 15 loans and all but 3 were illegal. Thanks to this site I am now pdl free. I did it all on my own.
I wish you had read thru this site before taking out a loan

All I did was refinance a loan at American General Finance that I already had to obtain the money to pay these people off. I was paying over 1000 a month in payday loans and now only paying 167.00 a month for the next 3 years. I'm sorry if you see that "I did it again"... but its the only thing that I could do to to relieve me.

lyndyrm if that is the best solution for you then so be it. As long as you got yourself back on track and you have more control of your funds that is all that matters. Best of Luck! :D

I have learned so much from this site I cant even begin to thank everyone who came to my rescue back in October when I thought my world was caving in. One of the things I learned was that every situation is different, there is not one course of action that works the same for everyone. I have seen where the same payday loan company has treated two different members in almost the same exact position differently. I have seen members who bank at the same bank have a different experience in closing their account.

I have done what I had to do to get out of the trap I was in and still in (still working on some). I did what worked for me and my family the route I choose may not be the same as the next person but it worked for me. In my opinion there is no right or wrong way as long as the results are the same.

you do what you have to do, you know? do not feel bad about your decision, even legal payday loans are better than the non-legal ones (not that i would recommend neither though..)
but please be careful with general finance though, i had heard they are not too good if you are late or whatever on a payment.
good luck, please keep us posted. :D

I have read this site over and over and there is so much great advice on here. In my situation this was the best option for me. I consider it a lesson learned and moving on. Thanks bea2ls, for the heads up on AGF. I have had a loan with them for a year now, and so far I haven't had any problems with them, but I haven't been late either.

I also took a loan to pay off payday loans,it makes sense because a payday loan you are paying a high fee every two weeks with nothing going to principal but on a regular loan you are making progress on the balance and have a definite end in sight.I had 5 payday loans and they were taking over $1000 every two weeks and nothing went to principal.I found being that I lived in PA and took the loans before 2/1 they were legal to charge me whatever.I have just a few payments left and they will all be paid off.I have one also that never responded to the DV letter.Sometimes people leave advice before they think and come off as sarcastic on this site I noticed.

If everything goes okay and you can pay them off that is great. I would advise you close your account when you are done.

Illegal lenders are known to create a new loan without your consent and start the entire process all over again.

They just deposit the money in your account one day. If they don't then one of their sister companies do.

You account information is out there on the net now and in the hands of illegal lenders. Best to protect yourself.