Payday loans all due in same week. What do I do?
Date: Tue, 10/05/2010 - 14:46
Ok, I've been lurking here for a few days now and need some advice as far as how to proceed with my payday loans. I am being proactive as none of them have payment due until 10/15 but I don't want this to sneak up on me without a plan. Here are my list of loans:
Cashnetusa.com $350 $441.70 w/fees due on 10/15 cannot renew anymore
Check n Go Online $225 $283.40 w/fees due on 10/15 can renew 6 more times
American Web Loan $600 $756.40 w/fees due on 10/15 can renew 6 more times
FBDLoans.com $500 payments are $86.93 every 2 weeks until February
None of these are in default but I truly cannot afford for them to go there because the insuffiicient funds fees would kill me. I can live with the FBD one. I take full responsibility for this mess I got myself into. I am just worried about making the payments next Friday. As it stands I would have to pay at least 656.50 next Friday and I'm definitely not going to have it. What should I do? I fear I cannot cancel my checking account and reopen a new one because 1st, it's my husband's and my joint account with both our direct deposits, and 2nd, due to a prior defaulted payday loan I had another checking acct closed with Chase Bank and I am now in the Chexsystems database and I cannot currently get approved to open another account anywhere. So I'm afraid if we close the checking account and try to reopen it again with a different number that it will be rejected. Can anyone help?
Cashnetusa.com $350 $441.70 w/fees due on 10/15 cannot renew anymore
Check n Go Online $225 $283.40 w/fees due on 10/15 can renew 6 more times
American Web Loan $600 $756.40 w/fees due on 10/15 can renew 6 more times
FBDLoans.com $500 payments are $86.93 every 2 weeks until February
None of these are in default but I truly cannot afford for them to go there because the insuffiicient funds fees would kill me. I can live with the FBD one. I take full responsibility for this mess I got myself into. I am just worried about making the payments next Friday. As it stands I would have to pay at least 656.50 next Friday and I'm definitely not going to have it. What should I do? I fear I cannot cancel my checking account and reopen a new one because 1st, it's my husband's and my joint account with both our direct deposits, and 2nd, due to a prior defaulted payday loan I had another checking acct closed with Chase Bank and I am now in the Chexsystems database and I cannot currently get approved to open another account anywhere. So I'm afraid if we close the checking account and try to reopen it again with a different number that it will be rejected. Can anyone help?
