Time to right the ship
Date: Thu, 08/27/2009 - 16:35
PayDayOne(internet):
Deposit into my account(4/19): $500
Payment(5/9): $168.41
Payment(5/26): $206.28
Payment(6/23): $185.19
This left my balance at $250 with a payoff of $307.56
I then refinanced to bring my balance back to $650 so I got another $400 in my account.
I have since made a payment of $156.93 on 7/26.
So in total I have paid out $716.81 and received $900
CashNetUSA(online):
Deposited into my account(4/27): $300
Payment(4/27): $100
Payment(5/11): $125
Payment(5/26): $125
Payment(6/08): $140
Payment(6/22): $76
Soo $566 paid on $300
Somewhere in the middle of all these payments I got a loan with CashCentral(online) for $400 which only allowed interest payments and nothing toward the principal unless it was a payoff. So I just recently got a new loan with CashNetUSA in the amount of $550 to payoff the CashCentral...
Deposited into my account(7/20): $550
Payment(8/17):$160
New loan with Cash Central(online)
Deposited into my account: $200
Paid $50 in just interest so far
Discount Advances:
Made it easy on me and listed everything
June 1st: $430 in my account
Have paid $560.94 already
US Fast Cash:
None of the information is available right now but I took out $300 and have paid that back plus atleast $300 at this point
and finally....
Magnum Cash Advance
just a recent one taken out
Received $550 and I have 8 weekly payments of $105 set to come out.....
I know I am a moron so keep the teasing to a minimum. I make a decent income but I currently have a negative budget b/c of these terrible things. The discountadvances and magnum are set to come out every week and between them I will be paying out almost $600/month. The rest come out every 2 weeks and overall I am paying over $1000/month. I only make on average $2200/month. My bank account is in the negatives right now so I opened a new one....
Thanks guys
I reside in the state of Maryland
First of all, you're not a moron and as most of us here have bee
First of all, you're not a moron and as most of us here have been in your position at one time or other, I would HOPE that nobody would tease you! RE Maryland laws; please check the "sticky" on this site for PDL laws, most of them are illegal. I would also urge you to contact the office of Financial Regulation in Baltimore (their # is listed w/ the Maryland laws). They've been a big help to many MD residents on this site. RE your bank account which is in the negative; is there any way your bank can put it on "deposit only" status? If it's still open "as is," the PDL's will continue to try and debit their charges. Please also see the info on this site about closing bank accounts and talk to the bank manager; odds are they've heard stories similar to yours.
PayDayOne and CashNetUSA are legal and will have to paid back in
PayDayOne and CashNetUSA are legal and will have to paid back in full on thier terms. Although you can still close your bank account and send them money orders.
The others I am not 100% on but magnum I am pretty sure is illegal.
reply
right on resqume,except for paydayone,and cashnet all the others are illegal.even magnum.follow parachutec's advice.being a MD resident he knows about what you need to do.
Thank guys. I will contact the Office of Financial Regulation to
Thank guys. I will contact the Office of Financial Regulation today. I took the day off to get all of this squared away hopefully