PDL Help please...
Date: Sat, 04/11/2009 - 23:13
I live in New jersey and im new to the forum,was trying to figure out how to get out of this mess im in :( i took multiple payday loans to help pay for my mothers medications and treatment and now it seems i wil never be able to pay them off,can anyone help me?i have defaulted on a few of them and have not received any calls yet,was wondering whats my first step?any help would be appreciated thanks..oh and almost forgot all of these loans are internet payday loans
500fastcash---$200----paid $0
Loanshoponline---$300----paid $0
Biggest Cash Payday---$300-----paid $0
UnitedCashLoans ----$300-----paid $0
NATIONWIDE CASH--$200----rerolled loan multiple times paid about 550 in total,account sent to collections(NRS) for total of 640 plus fees they claim..
VC funding---$300---current so far paid $680,paying 140 every 2 weeks
Loanshop keeps calling my job and they wont stop,they call everyday about 5 times a day at work and at home and my cell,i have told them i cant pay it in full but if they let me make $50 dollar payment and they refuse to accept my offer,all the other PDL's basically told me when i come up with a bigger amount to call them,its not like im trying to avoid paying them but they are asking for huge amounts,something i dont have right now and they dont seem to understand,any help i would really appreciate it,im not to smart or bright when it comes to the laws or what im suppose to send them,so if someone can guide me or help me out that woudl be great..im also receving emails from some collection company but i dont know which account is which and i still get calls and emails from the original PDL.
collection companies:
Pack Management Group
AIS
Note:sorry for the long story i forgot to add that i got a email saying one of my accounts is now being serviced by Red River Ventures, LLC,so im confused on that as well as both companies are asking for their money for the same account..
500fastcash---$200----paid $0
Loanshoponline---$300----paid $0
Biggest Cash Payday---$300-----paid $0
UnitedCashLoans ----$300-----paid $0
NATIONWIDE CASH--$200----rerolled loan multiple times paid about 550 in total,account sent to collections(NRS) for total of 640 plus fees they claim..
VC funding---$300---current so far paid $680,paying 140 every 2 weeks
Loanshop keeps calling my job and they wont stop,they call everyday about 5 times a day at work and at home and my cell,i have told them i cant pay it in full but if they let me make $50 dollar payment and they refuse to accept my offer,all the other PDL's basically told me when i come up with a bigger amount to call them,its not like im trying to avoid paying them but they are asking for huge amounts,something i dont have right now and they dont seem to understand,any help i would really appreciate it,im not to smart or bright when it comes to the laws or what im suppose to send them,so if someone can guide me or help me out that woudl be great..im also receving emails from some collection company but i dont know which account is which and i still get calls and emails from the original PDL.
collection companies:
Pack Management Group
AIS
Note:sorry for the long story i forgot to add that i got a email saying one of my accounts is now being serviced by Red River Ventures, LLC,so im confused on that as well as both companies are asking for their money for the same account..
All of those loans are illegal. NJ prohibits payday loans. If
All of those loans are illegal. NJ prohibits payday loans.
If i were you I would close your bank account asap.
Red River is Biggest Cash. They have many names but Biggest is one of them.
Go here and read up on the steps to take when dealing with illegal lenders.
You only legally owe what you borrowed. Any fees or rollover charges you have paid goes towards that amount.
