Need PDL help/advice ASAP!!!
Date: Thu, 03/25/2010 - 12:50
Hello all,
I'm in serious need of PDL assistance. I've gotten in over my head with payday loans, and while I'm currently trying to right myself financially and deal with my other debt, I can't get out from under the PDLs taking almost my entire paycheck every two weeks. Any suggestions or advice would be SO appreciated!
Here are the loans I have out- they're all interent-based.
PaydayMax.com- loan amt 220 + 40 interest= 260; 163 paid
Discountadvances.com- loan amt 11000 + 175 interest= 1175; 507 paid
First Bank of Delaware - loan amt 600; 296.25 paid, principal still 527
JHS Marketing- loan amt 300 + 90 interest=390; 270 paid
Electronic Payment Processing- loan amt 300+90int=390; 990 paid
Sandpoint Capital- loam amt 300=90 int=390; 270 paid
With the fees coming out from all of these loans, I can't pay a single one off on any given paycheck- the Electronic Payment Processing loan makes me absolutely sick to realize that I took out a $300 loan and have paid them $990 so far in interest and still haven't been able to pay off the loan.
I live in California and am completely unfamiliar with the laws and how this works. I found out recently that a miscommunication with B of A (who are now my least favorite people in the world) led to a report about me in chexsystems which they refuse to remove. Because of this, I can't get a new checking account elsewhere, and therefore can't close my current account with Chase.
If I put a hard debit hold on the account and make it "deposit only" to stop the ACH transactions, will I still be able to use my debit card and withdraw money from the account? How does that work?
Help please!!!! :confused:
Sandy
I'm in serious need of PDL assistance. I've gotten in over my head with payday loans, and while I'm currently trying to right myself financially and deal with my other debt, I can't get out from under the PDLs taking almost my entire paycheck every two weeks. Any suggestions or advice would be SO appreciated!
Here are the loans I have out- they're all interent-based.
PaydayMax.com- loan amt 220 + 40 interest= 260; 163 paid
Discountadvances.com- loan amt 11000 + 175 interest= 1175; 507 paid
First Bank of Delaware - loan amt 600; 296.25 paid, principal still 527
JHS Marketing- loan amt 300 + 90 interest=390; 270 paid
Electronic Payment Processing- loan amt 300+90int=390; 990 paid
Sandpoint Capital- loam amt 300=90 int=390; 270 paid
With the fees coming out from all of these loans, I can't pay a single one off on any given paycheck- the Electronic Payment Processing loan makes me absolutely sick to realize that I took out a $300 loan and have paid them $990 so far in interest and still haven't been able to pay off the loan.
I live in California and am completely unfamiliar with the laws and how this works. I found out recently that a miscommunication with B of A (who are now my least favorite people in the world) led to a report about me in chexsystems which they refuse to remove. Because of this, I can't get a new checking account elsewhere, and therefore can't close my current account with Chase.
If I put a hard debit hold on the account and make it "deposit only" to stop the ACH transactions, will I still be able to use my debit card and withdraw money from the account? How does that work?
Help please!!!! :confused:
Sandy
The link below contains your payday loan laws: http://www.payday
The link below contains your payday loan laws:
http://www.paydayloaninfo.org/stateinfo/CA.asp
The link below contains a list of legal lenders (most of yours aren't):
http://www.corp.ca.gov/FSD/licensees/default.asp
CLICK HERE to find out how to deal with illegal lenders.
