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lost my job

Date: Tue, 06/23/2009 - 12:26

Submitted by anonymous
on Tue, 06/23/2009 - 12:26

Posts: 202330 Credits: [Donate]

Total Replies: 13


I have 4 payday loans havenyt been able to make any paymenbts because I lost my jobn before I could irs 1444 dollars btwn 4 companies I live in ny what can I do


I know the feeling--in the same boat. Have two payday loans out and both are trying to collect. It's the same old, same old when I speak to them--"we need a payment. Can you borrow from someone? Can you get a temp or part time job?" Duh--I'm trying to do that, but until I get a position, I can't do anything about it.

I guess what I'm saying is that I understand how you feel. But hang in there--we'll all get through this.


lrhall41

Submitted by on Tue, 06/23/2009 - 13:10

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Quote:

I understand that but I can't get arrested can I

No, debt is a civil matter not criminal. If they said that to you and you have documentation of it, I would sue them for FDCPA violations (they cannot lie to you).

Also, when you had a job your financial situation was already so bad that you had to take such a terrible source of funds like PDLs, I would gather that you are insolvent. You may wish to consider looking into filing for bankruptcy.


lrhall41

Submitted by Chrys Henderson on Wed, 06/24/2009 - 03:31

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once again.how much was borrowed by each,and how much debited by each so far.you may owe less than you thought.if you owe anything at all.


lrhall41

Submitted by paulmergel on Wed, 06/24/2009 - 07:35

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i might add that since you live in NY, payday loans are prohibited there. these loans are not legal, so they cannot take legal action against you. all that you morally owe is the principal amount borrowed. so if you list how much each company was paid we can help you figure this out :)


lrhall41

Submitted by bea2ls on Wed, 06/24/2009 - 07:50

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i see it now.here is what i see you owe.

kingston 200.00
united 200.00
500fastcash 200.00
ezpayday..was anyhthing taken?if not then you owe 350.00.

you see on an illegal loan you only owe the principle.nothing more.


lrhall41

Submitted by paulmergel on Wed, 06/24/2009 - 07:56

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