Payday Loan Help in Illinois

being in illinois myself i can tell you that AMERICASH,and ALL CREDIT are legal.mycashnow,and summit are not.you should be able to look up to a year of account history online with your bank.you should be able to evoke the EPP with americash,but ALL CREDIT doesn't give pdl's.they either give signature loans or installment loans.those are for a six month term,and don't fall under the pdl laws.i would try to look up your bank account history online as far as the other two go.if you paid them back in fees.then you owe nothing more on them.

I called Americash loans and explained my situation telling them I couldn't afford the weekly payment of $63.00 and they said nothing could be done unless my loan defaulted. What is the process? Do I close my account first? Then what? What does EPP mean?

go see the manager.if they are CFSA members they have to honor the EPP(exrended payment plan.that would freeze the balance and break it into four equal payments.only the manager can do this.the regular employees can't and/or won't do it.see the manager before your next due date.

So as far as the other 2 do I close my account and send them a letter or e-mail? What should my letter/e-mail state?

make arrangements with ALL CREDIT,AND AMERICASH first.then close your account.have you had a chance to look at how much was debited by mycash,and summit?before you send letters determine if you owe anything.

by my cash now I have paid a total of approx 350.00 and summit group has been taking 60.00 from my account every 2 weeks since March or April so I've more than paid them.

okay,when you draft your letters notify them that they are not licensed to lend in illinois.therefore your loan was illegal,and you consider this PIF.do that for summit.now for my cash the only change should be that you want a physical address to send money orders.you only owe 250.00.let them know that.do this after you have closed your account,and made arrangments with americash,and allcredit.otherwise they will clean you out.

is there a ''draft'' for the letter?

yes go to the WATCH OUT FOR section on the right.it gives templates for letters.you can use those,and customize them to your liking.