logo

Debtconsolidationcare.com - the USA consumer forum

Payday Loan Help!!!!

Date: Thu, 09/23/2010 - 07:44

Submitted by anonymous
on Thu, 09/23/2010 - 07:44

Posts: 202330 Credits: [Donate]

Total Replies: 5


I am drowning in payday loans!! I reside in Texas! I currently have three loans....
1. money2advance.com which was for 500.00 and I pay the finance charge of 125.00 bi-weekly: online loan....in good standing, taken out 7/21/10
2. VIP Loan Shop for 400.00 and I pay 120.00 bi-weekly and they have not taken out any paydown: online loan....in good standing, taken out 8/17/09
3. Paycheck today for 400.00 and I pay 120.00 bi-weekly: online loan....in good standing, taken out 09/16/10...I actually took out this loan to relieve me from the other loans but once again it puts me in a bind!!

Any advice for what I should do?? Maybe consolidation? I think once you take out that first loan it just spirals from there!! Its a never ending battle!!

Any help would be appreciated!!


None of your lenders are licensed PDLs or CSOs in the state of TX. They are illegal. How much have you paid to each thus far? You only have to pay back the principal amount borrowed, no fees/interest. You will have to close your checking account and send illegal lender letters to all. You an find an example and further advice on how to deal with illegal lenders at this link. http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


lrhall41

Submitted by OhioGal1 on Thu, 09/23/2010 - 08:09

( Posts: 5253 | Credits: )


Quote:

Originally Posted by Anonymous
I am drowning in payday loans!! I reside in Texas! I currently have three loans....
1. money2advance.com which was for 500.00 and I pay the finance charge of 125.00 bi-weekly: online loan....in good standing, taken out 7/21/10
2. VIP Loan Shop for 400.00 and I pay 120.00 bi-weekly and they have not taken out any paydown: online loan....in good standing, taken out 8/17/09
3. Paycheck today for 400.00 and I pay 120.00 bi-weekly: online loan....in good standing, taken out 09/16/10...I actually took out this loan to relieve me from the other loans but once again it puts me in a bind!!

Any advice for what I should do?? Maybe consolidation? I think once you take out that first loan it just spirals from there!! Its a never ending battle!!

Any help would be appreciated!!


I had a loan out with this company which i overpaid.. i sent them a cease and desist letter and they contacted me and sent me a check for the money i overpaid. So i would sit and go over your bank statement to see if you have paid them off. They were the only lender that didn't give me a problem.


lrhall41

Submitted by smittenkitten on Thu, 09/23/2010 - 12:30

( Posts: | Credits: )