Pay day loan hell

Ameriloan, Discount Advances and Ameriloan are illegal PDL lenders in your state. You are only morally responsible to pay the actual amount borrowed from them. Check out the following link to know how you should deal with these illegal lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html.

Payday One and Cashnet USA will offer you payment arrangements, but you will need task them about it.

Thanks paul. You said Ameriloan, Discount Advances and Ameriloan are illegal. did you mean to name another lender instead of listing Ameriloan twice? I appreciate all the help!

Oh! I am sorry needhelpinCA. I meant to say, Ameriloan, Discount Advances and Payday Island are the illegal PDL lenders in California. Thanks for pointing it out.

Is there a list of illegal lenders by state somewhere that we could put up as a sticky? Or would that be an impossible task with the sheer number of illegal lenders out there?

Exactly so. Moreover, PDL laws are so complicated that it's almost impossible to know which PDL company is legal in which particular state.

I understand. One more question for you then...i've been on this treadmill for a while, esp with the illegal companies. I've paid off loans and gotten new ones with the same companies a few times over the past 2 years. (Stupid, I know). Would the excess fees from old loans cover the existing ones?

Just letting you know i've registered this nickname so I can keep better track of who replies to me.

Great. It's best to register here, if you have any query and have posted here. Hope you see you here frequently. Welcome to this lovely community.

In answer to your question regarding past fees - it may and it's definitely worth a shot putting it to the lenders in those terms. I had fees from a previous loan that were counted towards the prinicpal of a current loan lead to a PIF. Add it up and see where you stand - it's likely you have paid your lenders in full already and may even have overpaid them.

screwedinaz, thanks for your reply. I just looked at Discount Advances (haven't looked at the others yet)...they owe me $1500. What do you think my chances are of getting a refund?

I am sure you have paid back something to Discount Advances. Deduct whatever they have taken from you as fees, charges, etc. and then send them the letter that is there in the link that I have provided you in one of my previous post.

These illegal PDLs will try and not give you a refund but you must push them for it. If you are lucky, you will get a refund.

I personally have not ever asked for one so I can't speak first hand to that - however it appears from other posts there is a likelyhood you'll get something back. I believe Discount Advance is part of the Credit Protection Depot group - if you search for that name or Paydaymax you might be able to see how successful people have been, strategies, etc.

I have never received a full refund but I did get a few hundred from a couple of lenders. Be persistent and know when to take the money and run.

I want to thank you all so much for your advice. Thanks to you, I will be off of this treadmill by this time next month! No more PDLs for me!

Ok, my bank account is closed and letters have been sent. I wonder how long before I start getting calls?

It varies. Some will call, some won't - some will send you to a CA, some will start calling and threating to have you arrested...it all depends on their mood :)