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Need help w/my PDL's in CA

Date: Wed, 03/18/2009 - 08:30

Submitted by anonymous
on Wed, 03/18/2009 - 08:30

Posts: 202330 Credits: [Donate]

Total Replies: 7


Help! I made a mistake of getting a payday loan and I have been in a vicious cycle and one loan has turned into 7. I don't have enough money anymore to make my payments.
I have:
Payday One - $295 pymt/$295 balance
Cash Central- $295 pymnt/$295 balance
Zip19 $480 pymt/$480 balance
National Payday $100 pymt/$500 balance
PaydayMax $155pymt/$581 balance
EZPayday $155 pymt/$455 balance
Integrity $100 pymt/$250 balance

These are all internet lenders. Are they legal, how can I get out of this craziness? are they taking payments in line with CA law? do I have recourse?
I want to pay but this is too much!


ZIP - Illegal/Unlicensed
Cash Central - Legal
National Payday - Illegal/Unlicensed
PayDay Max - Illegal/Unlicensed
EZ Payday - Illegal/Unlicensed

You will need to close you bank account or they will continue to debt.

How much did you borrow and much have you paid back to each including any interst fees and rollover fees?
Intergrity - Illegal/Unlicensed


lrhall41

Submitted by nohiogal on Wed, 03/18/2009 - 09:10

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Thanks for info, as for how much I borrowed, I know on Zip19 400, cash central 250, paydayone 250 (these have to be paid in full) and then paydaymax i borrowed 500 and have already paid about 500 in fees, national payday i borrowed 500 and have paid about 400 but it went mostly to fees, integrity was 400 and I have paid much more than that, and ezpayday 400 and have paid more than that.
so i close my acct and then what, do i write them letters? how do i get them to stop charging if they are illegal. whats my next step?


lrhall41

Submitted by on Wed, 03/18/2009 - 09:28

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The only way to stop them charging is to close the account.

For illegal lender you only owe back the amount borrowed which is seems you have already paid that.

You can go here and read about the steps to take when dealing with illegal lenders.

You will need to send letters to each one stating they are illegal due to them not having a license in your state and you have already paid the principle amount required.


lrhall41

Submitted by nohiogal on Wed, 03/18/2009 - 09:31

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