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Debtconsolidationcare.com - the USA consumer forum

Payday Loan HELL!!!!!

Date: Thu, 07/02/2009 - 14:04

Submitted by tsantellano
on Thu, 07/02/2009 - 14:04

Posts: 4 Credits: [Donate]

Total Replies: 2


To make a long story short I have 6 payday loans. It has been driving me insane!! STRESS!!!STRESS!!!STRESS!!!! I always thought I would eventually catch up and pay them off, but with those crazy interest rates, that will never happen. I've had these loans for years and never defaulted. Always "giving" my money away for interest fees. Reborrowing to pay off other loans. Well the poop officially has hit the fan and I can no longer pay even the interest fees. This sight has been a god send. I've learned about collection laws and that I'm not the only one dealing with these problems. These payday/installment loans should really be illegal!!!!I have just entered a debt consolidation program and with the help of my wonderful bank, closed my account. I hope this ends the cycle and I can start living gain!!!!