Need help with payday loans!

Ok first off stay calm. Payday loans are ILLEGAL in MD unless they are registered as Credit Servcie Organizations.

Please list the name of the PDLs and the amounts borrowed. Also list wether they are internet or storefront loans. This is will allow us to further help you :wink:

Please provide a listing of the PDLs and what you owe to each one; as Cool Abyss says, PDLs are illegal in MD unless they're CSO's. (and if you're dealing with the internet PDL's, I doubt many of them ARE CSO's). In addition, check the MD laws for PDL's on this website; I would highly recommend contacting the Office of the Commisioner for Financial Regulation (# listed in the laws), as they were a big help to me w/ PDLs.

Thank you, i'm calming down. :)
This is the information that I have-some of them go under aliases so I get a little confused. I'm calling my bank shortly to get more information on the companies that are doing these ACH debits-I've lost track of what I even owe and to whom at this point. They are all internet loans.

Greenlight Funds, I believe $200
Ace (I'm not even sure who this one originated from, but I believe it's $200. I can't reach them so I'm waiting for them to send me an email which they usually do once per month-unfortunately I didn't save the last one)
Outback Bucks, balance $190
CTC/Northway, $504
500 Fast Cash $670
JBA Marketing (same as Ace, see description)
United Cash Loans $400

All those are Illegal in MD. You only owe the principal balance borrowed. Any fees/rollovers you paid towards those loans counts as a principal payment.

Please read HERE to learn how to deal with Illegal lenders.

THANK YOU! That means that technically several of these are already paid off. I appreciate your help very much. I'll click the link on illegal lenders to get the answers to more of my questions. Thanks again, your information was so helpful.

Yes it does so the jerks can pound sand. You need to put your account on "deposit only" status untill you can get the overdraft balance paid off. Then I suggest closing it and opening a new one.

I just have a couple more questions. Should I send them each letters revoking my ACH permission? Do they or the bank have to comply with that since they are not legally even allowed to do business in Maryland? Also, should I send a letter revoking voluntary wage assessment to cover my butt? If they ignore both letters and continue to harass me and try to debit my account, is there anything I can do to stop them other than close my account and warn my employer that he may be getting documents from them regarding this (so embarassing)?

Also, is there a way I can force them to show me my payment history so I can ensure I'm only paying the principal balance? I was VERY remiss in not keeping my documents on these. I will pay the principal because I want to do the honest thing, but any ideas on how I can obtain that information? thank you

You can look back on your old bank statements. I doubt that the pdl's will do anything to help you

Please check the sections here on closing your account and sending letters; don't let the PDL's know beforehand that you'll be closing your bank account or putting it on "deposit only" status, or they'll try to drain it before you can close it. Guaranteed these guys don't play fair! When you go to the bank, talk to the manager and explain what's happened; chances are, they've heard the story before. And again, I'd recommend contacting the Maryland Commission at Financial Regulation; their # is (410) 230-6100. As far as "forcing" these PDl's to give you your payment history or to leave you alone, well.... more than likely once they find out they can't debit your account, you'll get phone calls and e-mails; they'll insist they ARE legal in Maryland, all kinds of nonsense. Personal opinion, but before you send them ANY kind of letters, make sure your bank account is either closed or on deposit only status.

You are better off researching your previous bank statements like the guest stated above.

PYes, you need to send your ACH revocation letters to the PDL companies ASAP! All that information is in the link I posted above.

"Cool Abyss," if she sends the revocation letter before closing the account, won't that lead the PDL's into thinking they might not get their money, and they might just try to drain the account as quickly as possible? (not trying to start an argument, just curious - thanks)

I am interested in consolidating my payday loans for one monthly payment

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