getting out of payday loan hell
Date: Sun, 09/12/2010 - 10:10
I've been reading alot of your posts for sometime and am hoping i can just get clarification, and HELP before i set forward with cancelling my bank and contacting the few payday loans that i believe i have fulfilled but yet they could still be draining me dry if i'm correct in reading recent posts. I live in New Jersey, are these loans illegal in NJ.
I have a loan out w/Payday Loan Yes for $350, i've paid $420 with them taking out $105 every other pay period from 7/30/10. Am i correct that i have fulfilled and i should send them the letter that i've seen posted on here as well as speak with my bank and see if they can either block any ACH transactions or close?
I have a loan out w/500 Fast Cash for $300, have since paid $270 with them taking $90 out every other pay period from 8/6/10, am i correct that i only owe them $30?
I have a loan out with Cash Jar for $500, have paid $225 with them taking out $75 one pay and now they say they will be taking out $150 every pay going forward, am i correct that once i pay the $275 i have fulfilled my obligation with them?
I'm sure like all of us stuck in this rut of payday loans we thought that it would help in the short term but not paralyze us in the long run. I was always wise, but not wise enough obviously, it wasn't until i realized that out of the 2 paychecks i get a month, 1 of them goes to these loans which leaves me with barely nothing. I want better for my son and myself so i need to wise up and hoping someone out there can give me the direction to go.
Thanks in advance for your time to read and hopefully give me advice.
I have a loan out w/Payday Loan Yes for $350, i've paid $420 with them taking out $105 every other pay period from 7/30/10. Am i correct that i have fulfilled and i should send them the letter that i've seen posted on here as well as speak with my bank and see if they can either block any ACH transactions or close?
I have a loan out w/500 Fast Cash for $300, have since paid $270 with them taking $90 out every other pay period from 8/6/10, am i correct that i only owe them $30?
I have a loan out with Cash Jar for $500, have paid $225 with them taking out $75 one pay and now they say they will be taking out $150 every pay going forward, am i correct that once i pay the $275 i have fulfilled my obligation with them?
I'm sure like all of us stuck in this rut of payday loans we thought that it would help in the short term but not paralyze us in the long run. I was always wise, but not wise enough obviously, it wasn't until i realized that out of the 2 paychecks i get a month, 1 of them goes to these loans which leaves me with barely nothing. I want better for my son and myself so i need to wise up and hoping someone out there can give me the direction to go.
Thanks in advance for your time to read and hopefully give me advice.
They are all illegal in your state, see the link below: paydaylo
They are all illegal in your state, see the link below:
paydayloaninfo.org/stateinfo/NJ.asp
CLICK HERE to find out how to deal with illegal lenders.
