Any success stories about paying off payday loans?

I only had one illegal.
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I sent them the letter. They replied with a long blah blah and then excepted my offer to only pay back the principle.
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I had two legals. One store front that is paid off with the help of an EPP??and an internet one that I still owe.
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??I was going to pay it last month but an issue came up that drained me of over $400 but I DID NOT take out another payday loan.
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I am now back in the hole but looking ahead to getting out again. The set back will take a couple months to dig out of.
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I stopped??both??of the ACH transactions by placing a stop payment at my bank.
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I had 4 illegal loans. I closed my bank account.?? I told the bank about the payday loan drafts that would continue to try to draft on that account.?? The lady at the bank?? made sure that those draft attempts would not reopen my account.?? Then I??sent out my certified letters to my 4 illegal payday loan places. I contacted The Mississippi Dept. of Banking and consumer Finance in Jackson.?? They verified that each place I had a loan with was not liscensed in Mississippi.?? The man at the Mississippi Dept. of Banking??also sent a letter to each of these places!?? I got 1 "paid in full" letter (sent to me by e-mail).?? One company called me and made threats.?? That same company (Loan PointUSA) called me at work and tried to contact the payroll dept. at work.?? They called for about 2 weeks.?? Now they have stopped calling.?? I haven't heard from them in over a month.?? The other 2 places never called.?? I??figure these companies will call again or turn me over to some scummy collection Agency and the CA will start calling--but it really doesn't bother me because I know there is not one thing they can do--because they are illegal!?? My worst fear was I didn't want them calling work--well they did--.?? I explained what was going on to my boss and my boss was very understanding.?? I really don't worry about these payday loan places anymore.?? It is absolutely great to have the money to be able to pay my other bills.?? I sent out my letters on Feb. 10th of 2009.

Its been a few weeks so far since I last talked to the three lenders I am paying back. Two of them were very nice about the whole situation and accepted partial payments evey other week.
The one lender I thought to be the friendly one was the one that gave me a hard time until I faxed them my rights. Then they turned Very Friendly and also agreed on terms.
As I stated and learned from this site... You should at least call them to arrange terms. Even the ones that are ILLEGAL...
If they know they are ILLEGAL , you should have no problem if your willing to pay back what you at least borrowed in some kind of payment plan.
I will only send them their money through Money Gram.

One other note. I have not gotten a call from any of the three lenders I deal with. I guess because I called them....

Hey drop9drop,
Where did you get a copy of your rights that you faxed them??? Also, why money gram over cashiers check or money order???

mine worked out great! :) none of mine were legal but i settled with all but one. the one i did not settled with was loan point usa and that is because they flat out refused to work with me unless i paid their fees over the principal (and all i morally owed is the principal).

Most companies will accept cease and desist letters. Even though you pay back the principle, alot of companies will still show a balance due to the interest. For me it has been seven months and I have not heard from any of them. All of the internet companies were illegal. They sit back and wait for people to re-loan with one of their affliates. Then the affliate forwards your new banking information over to the other compsanies that you still owe. My suggestion is to try not to get another internet loan again. Since September, I have used store fronts only.

lubelhor - what state are you in? all loans are prohibited where i live and that might have made a difference in how it was pretty easy for me.?? they did not harrass me at work though loan point usa (some lady named shirley) kept getting real nasty with me and threatened to tell my work i used their computers. but as i said, i never settled with them anyway so in the end she backed down (i would have settled but they really would not work with me, I tried for a year but gave up now, and they just dissapeared - for now)

I had 5 payday loans and thanks to everyones help I am well on my way to paying them off.I had most of the payday loans set to be paid off the day my income tax was to arrive but my refund did not arrive and all 5 payments bounced and my bank sent them back along with some of my other bills.I ended up being charged around $500 for fees to my bank and various bills and lenders.I spoke with the payday loans and explained my situation.cashnetusa offered me 3 payments of $218 and I have paid trhem off.intergrity advance offered to let me pay the principal of $500 back by the end of the month and I did after I got my income tax back for real.viploanshop was a little difficult to work with but once the payment was sent back Ryan in collections offered me a 3 part payment plan $200,$200 and then $100.I had to block them from debiting my account after they started to try to take money from my account on different days and different amounts.[$15 fee at my credit union/bank]I will pay the last $100 next week when I get paid and this will be paid off.cashbanc has a nice woman Pica in collections,that loan I had a long time and paid so many fees but after it went 60 days past due they stopped adding interest and I am paying $100 per pay,I owe $470 I think.cashdirectexpress gave me the hardest time,I called and asked for a payment plan and they refused and told me basically too bad we are taking the money out of your account anyway.I went to my bank and explained they were taking money I did not agree to and blocked them from taking money out of my account[$15 fee
]When they could not debit my account they sent it right to collections with Alliance Asset Management,they started calling me at work lying about sending loan papers to my work and attempting to leave messages with my coworkers.Lucky I found this board and I sent them the debt validation letter and they stopped calling.I made complaints to the BBB Federal Trade Commission and CFSA because cashdirectexpress is funded by GECC and they are a member of CFSA and they are required to give a extended payment plan but they refuses it to me when I asked before I defaulted.The collection agency wanted $788.After a few weeks a very nice Ms Watson called and wanted to adress my complaint to the CFSA about being refused a payment plan,my original loan was $400,I had paid $318,we agreed on my paying $188 in 2 seperate payments of $94 on my next two pays by money order and it will be paid off.I never would have figured this out on my own,this site is very helpful.I see a light at the end of the tunnel soon.I have been working overtime to collect extra money to pay these payment plans.It can be done..I can't believe I got myself mixed up in all of this,I would never take a payday loan again,worst thing I ever did.I live in PA,thanks everyone.

That is me above,forgot to sign in.

I had an illegal payday loan through ACHLoan. I defaulted on it back in November of 08 after paying back $222 of the $200 I owed when I closed my bank account. I have not received any phone calls, emails or letters at all. I'm sure its only a matter of time, but I have had no adverse effects from the default yet.

It hasn't been that long since I defaulted on my loans... but here's a little of my story...

I had 11 internet payday loans. 3 of them were legal. The three legal ones worked with me easily so that I could make payments on the balances over a couple of months. They only called me until i made the arrangements, then stopped calling. I should have them paid off by next month.

Of the remaining 8 illegal ones... I have gotten 2 PIF's already. Of the remaining 6.... I have way overpaid on three three of them so I have been filing my complaints, sending my letters, and I will NOT pay them any more money. So... that leaves me 3 illegal ones that I owe some money to and I will be able to completely pay them all of their principle by the end of May.

If it had not been for this site, I would have wasted so much extra money trying to continue this cycle. Just getting the two PIF's that I have gotten already has seved me hundreds of dollars. One of them even gave me a refund!

I live in mississippi and have found myself in over 3000 in payday loans. All are over the internet. I go hurt at wk and needed help making ends meet. I closed my checkings account last week so they cant take any more of my money. Have been paying on all these loans for over 2 months now. How do i find out if these companies are illegal loans in mississippi? Also what type of trouble will it cause me for not paying these loans back right away? I want to pay them and will one at a time. but it will not all happen overnight. Any input would help because i have found myself in over my head

I had double digit payday loans and was paying around $4000 a month in just interest. But yet that was almost 3 years ago when I found this site. I learned my rights paid back what I borrowed from the internet lenders and got a good hold on my storefronts. I am at the point where I have 4 left. 1-still owe $30 (will be paid in full next month) 1-still owe $25 (will be paying off tomorrow) 1-still owe $80 (will be paid in full next month) 1-still owe $300 (paying $100 a month)

Yes I had to close our checking account just so we could get our lives back and be able to pay our bills and not the payday loans anymore. I am now finally just about caught up on everything I had to put on hold while in that mess.

On a different post someone asked for our information because they were working on something. So I posted my information and was just sick when I figured out what i had paid to payday loans in 1 1/2 years of having them. I had paid almost $65,000 to payday loans :shock: That was fees and the loans. So if we could get through it without filing BK so can you!!!