What to do about multiple Payday lender loans

The first thing you need to do is close your checking account so they can't take anymore of your money. Then determine which are legal and illegal. Store fronts are almost certain to be legal. Check into Cash is going to be legal. I think Cash Tranfer Center is illegal but not 100% on that. You can search the names in the box on the right top of the page and see what others are saying about them.

Then read the sticky about how to deal with illegal lenders. About 13 posts down on that thread is a letter that you can adjust for your situation. Make sure your checking account is closed before you send that letter.

For the legal ones ask about setting up a payment plan. Check into Cash and Checksmart are both members of the CFSA so you can request and EPP (extended payment plan) once in a 12 month period. That will divide your total into 4 equal payments to be paid bi-weekly.

Hopefully this will get you started. First and foremost you need to secure your money by closing your account.

Any internet payday lenders are illegal in Ohio. Click the link below for the Ohio lender laws.
http://www.paydayloaninfo.org/state_detail.cfm?id=OH
CLICK HERE to find out how to deal with illegal lenders.

CTC is VERY illegal...

I second Shazzers! BTW...LOVE the kitty kat pix.

First things first, the payday lenders in Ohio renamed themselves so that they are not considered payday lenders anymore. They are under some small mortgage act or something now. I knew they would find away to get through all of the loop holes.

I am in Ohio and I actually have taken out 6 payday loans last month...(but remember...no considered payday loans! LOL) Ya not really funny, I know...debt is horrible...but u can try to close your bank,,,,may not work though.


When I told my bank to close my checking account they said even If I closed my account, the transactions will still go through. I had 6 payday loans which they let go through and that left me with negative 800 dollars in my account! But, atleast I only owe one place now for all of those payday loans! I made sure I opened a new account before everything went through before my old bank reported me to check systems. Sounds like a horrible plan I know...but what else can ya do if they wont cancel the transactions? Payday loans are the worst things that could happen to anyone. I feel your pain. So, if your bank does decide to let you close your account then just make arrangements with your payday loan companies to make smaller payments. Or, if you do not care about your credit score then just dont pay em at all. Most companies do not sue for that small amount of money. Yes, the phone calls will be annoying. If you decide to answer, let them know that you cant afford to pay them all at once and if they cant understand that then they will just have to wait. How can they expect someone to pay if they dont have the money? Ya feel me?

I feel for your situation, but this site does not condone non-payment. The philosophy here is to make arrangements with legal lenders and pay the principal back to unlicensed lenders.

As for your comment regarding most companies not going to court for a small amount of money. In some cases you may be correct, but there are many companies that DO use the courts and the borrower ultimately ends up paying all of the lenders fees. Think twice before taking katie's advice.

And for your final comment, "How can they expect someone to pay if they don't have the money?". They expect it to be paid back because they loaned it to you in good faith. You needed the cash and they helped you, now YOU have an obligation to pay them back! Ya feel me?

* Sorry for the condensending tone, but people that think that they can borrow and then turn a blind eye is what has made lenders less tolerant and tougher with collections, thus making it tougher for people that have real issues!

Hi everyone, taking advice I found on this site i just contacted 5 payday loan lenders and they all agreed to extended payment arrangements.
i have been in payday loan hell for years, (about 6) and was always too ashamed to ask for help.
I am so relieved and i will finally be able to sleep!!