In payday loan hell

Please list out all your loans with how much you borrowed, paid and still owe.

check into cash $200 have not paid on it yet
cashnet $200 not sure how much i have paid
webpayday owe $650
Easycash owe$345
pack management $510
Payday One $516.05
Kingston FInance $500
Sandpoint Capital $510
Instant Wages $345
Fast Cash Advance $345

I will check my bank statement to see exactly how much i have paid to them. Many have been returned from the bank

Check into Cash and Payday one are legal.

Is the Cashnet Cashnet USA or just cashnet? They are two different companies. CashNetUSA is legal.

I think the others may be illegal. I will do more checking on them.

In the mean time you can read the steps here about dealing with illegal lenders.

For illegal lenders you only owe what you borrowed. Any fees or rollover charges apply to that amount.

I would like to advice that pay your all loans to stop this.
You need to hurry up to pay because if you late your negative amount in your account will increase faster.

It is cashnet USA

Please ignore the butterfly person. None of us quite understand what is going on with that member.

CashNet USA is legal.
I also found EasyCash as a legal lender but none of the others are on the LA database.

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

You will need to send a letter to each AFTER you close your bank account.

You only owe them the amount you borrowed. All fees or rollover charges you have paid go towards that amount.

Is there a link to the Louisiana database that i can have. I think some of the companies are using other names and i would like to check it out.

thanks for your help

Sure. Here ya go.

Click on licenses.

ok now i really feel stupid, but i do not see licenses

I am sorry.

On the side click non-depository. Then Click payday lenders, then licenses.

That is what i did and i dont see anything that says licenses.

I am not sure why you are not seeing it.

I click that link. Then on the left I click payday lenders and a page comes up that says PAYDAY LENDERS at the top. There are several things you can click that are in boxes.

General information, FAQs, Rules/Polices etc. One of the boxes says licenses.

Not sure. I will try again later

If you are trying from work, maybe it is blocked. Not sure why though.

I have contacted all of the lenders that i have loans with. all have accepted payment plans except webpayday. I told themn my account was closed and they said that they could only do ach withdrawls unless i wanted to pay the total amount due which is $650 on $500 borrowed. Oh and also 247 advances is saying tjhat they only do ach withdrawls and i have to open another account and give them teh information, which i will not.

I just got an address for Sand Point Capital. It is in the West Indies, does this mean it is illegal in Louisiana. I borrowed $300 and have paid $180. They said that i could send two paymetns of $255 and that would put the account pif. SHould i take it or only offer to pay the remaining $120

Only offer to pay the $120. With illegal lender you only owe what you borrowed.

Thank you. Since they are not in the US, is that what makes them illegal. SOrry for all the questions, but i am trying to understand so i am better equipped to fight them

Yes. They have no license to lend in the US and therefore made an illegal loan to a US citizen.

Ask all the questions you want. That is what we are here for. I know it can get confusing.

Ok also, Kingston wants 4 payments of $95 to pay off a loan of $200, I have paid them nothing yet. Pack management wants payments of $100 and then $205 and $205 to pay back a $300 loan, I have paid them $0 I am not sure what to do about 247advances, they are saying taht i owe them $422 on a $200 loan and will only accept payment through my checking account,.

No other payment arrangments then no payment. Simple as that. Do not give any of the lenders a new account number if you have opened one. Most companies will accept a prepaid Visa card. But only pay them if they put in writting that they accept your offer to only pay the amount you borrowed.

Again, You only owe them what you borrowed. If your account is closed then they can not do anything and they will have to accept your arrangments at some point or they goet nothing.

Have you sent them out the letters stating they are illegal?

no i have not sent any letters. I am getting with the bank right now to see if they can tell me how much was paid to each. I tried to figure it out, but got confused because some were returned. Is there a sample letter that i can go off of

Yep. You can find it here. Scroll to the 13th post to locate it.

Change the information to your loan information and state laws.