payday loan hell...

What state do you live in? Were these online loans? How much did you borrow from each? How much have they deducted from your account thus far?

Hi OP,

Don't be ashamed about your situation. Most of us have passed through the same situation. Provide us the answers of the questions asked by OhioGal and we will try and help you. Don't worry, you will come through it. We all have done it.

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All the PDLs are illegal in your state. You only owe the principal amount of the loan. Close your bank account immediately to protect it from these scavengers. Check out the following link to know how to deal with these lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Payday loans are illegal in the state of NC. Al of your lenders are illegal. You are only required to repay the principal borrowed. Any payments you've made thus far can be subtracted. Here's what I would do...

First - close your account and then follow the advice in this thread. debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

CMG - you owe $100
Advancemetoday - you owe $50
EZpaydaycash - you owe $200 but I would research your previous bank statements and subtract all overpayments made. Ask for a refund if applicable
Nationwidecash - you owe $200
Paydaymax - you owe $630 and I would do the same as with EZPDC

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Along with that, you should also file complaints against these illegal lenders in your state with the orth Carolina Attorney General. They should know about these illegal lenders.

Ok, I just sent letters to all of my online lenders, using the letter template from on here. Now I am waiting to hear back from them. I am very nervous and scared that they wont agree to my letters. What do I do if that happens?

Just keep at them. Some will agree right away; others will argue with you about governing law. Don't give up!

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They are not bound to stick to your deadlines. Illegal PDLs don't tend to follow even the state laws. Send them the emails/letters again. You will get to hear from them, but it might take time.

ok, I closed by bank account and sent out letters to the companies explaining what what going on and how it is illigal, etc...the only company that has responded to me so far is Nationwidecash..below is what he sent back to me..

Let me get this straight. You have signed a contractual agreement that states you agreed to the terms of this loan and are not sending a letter stating what you will pay back and you will not comply with the terms of the agreement? Because NationwideCash, Inc wants to resolve this voluntarily, i want to give you the opportunity to contact me by 10/14 which is your next payment due date. If i do not receive a call by that time frame i will continue with action against you. While you are deciding to do this i will investigate the IP address you used to obtain this loan. I'm sure you are writing the other pay day loan companies the same letter. However, this company is bonded by federal law which means your state law does not apply to our company. Because federal laws supersede state laws it is very important you contact us for a payment arrangement. At this time your full balance is due and i am willing to work with you, but if i do not receive a phone call for a payment arrangement by tomorrow then the full balance will be due. This will be the last email i will write to you concerning this. You are welcome to do as many research as you want on federal, but state laws do not apply to us because you agreed to our loan documents. Good luck with your future finances. I look forward to your call.

this is what I had said in my letter that I sent to them..

[COLOR=#333333]I am willing to pay the remaining principal amount of the original loan of $500.00. I have already made 2 previous payments of $150.00 each, which is a total of $300.00 put towards the payoff of this loan. I will settle my account with a final payment of $200.00, which will be paid in 4 separate installments of $50.00. I will upon your written acceptance of the above terms, provide you with this payment using certified funds (money order, cashier's check, or wire transfer, etc.). The remaining amount owed, which is any finance charge, will no longer be negotiable.[/COLOR]

[COLOR=#333333]what do I do now?????? i am so afraid that these people will do something to me that may affect my job.[/COLOR]

The email that you received from Nationwide contains the usual misleading and threatening lines that illegal PDL lenders use to scare consumers. Don't worry, they cannot do anything. Just notify your employer that you are being harassed by these illegal PDL companies.

Also, file cases against them with your states' AG, the FTC and the BBB.

how soon will the AG, FTC, BBB respond to my issue?

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