Can't pay off payday loans

Kelly, we need more information.
- What state are you in?
- Are your loans via a storefront or the internet?
- How much did you borrow from each?
- How much has been debited from your account for each?

At first, you need to check whether or not payday loan is legal in your state. If it is legal, then you should find out whether or not the payday loan company is licensed in your state. If it is licensed, then you will have to pay the principal amount with interests and other fees. Otherwise, you will have to pay only the principal amount. You can contact with a reliable payday loan debt consolidation company. This company may help you to payoff your debt. To know more, glance through the following link:
http://www.debtconsolidationcare.com/paydayloan-consolidation.html

Let's not rush to recommend payday loan consolidation until the original poster replies to the questions asked.

First of all - figure out whether or not the loan "provider" is legally licensed to conduct deferred deposit transactions in your State. If they are an online PDL, chances are they are not - but best to check with your State's Department of Financial Institutions just the same.

Assuming they are not, then the next step I would recommend is looking up your state's particular Financial Code relating to deferred deposit transactions. In MY State, California, there are sections specifically dealing with these types of loans - including regulation with regard to the maximum interest they are allowed to charge consumers of the State of California (were they legally licensed to perform such transactions in the first place). I do not know if your State's code has similar language, but it's most definitely worth the time/research so you can have ammunition to throw back in those bullying assclowns' faces.


Incidentally, you can do most of this research online via your State's government website(s).


If you are able to collect all of that legal/statutory information, THEN you have the ammunition to fire back at them with. Tell them that their client is not only NOT legally licensed to conduct these transactions with consumers of your State, but - even if they were - they are in violation of your State's regulatory maximums for interest/fees that can be levied upon you relating to such transactions. They will likely fire back with something like "you entered into an agreement and you should have known this, that and the other." IT'S IRRELEVANT - they are NOT legally licensed to conduct financial transactions within your State - period ... end of story ... goodnight and good luck.

If they continue to threaten you, tell them that if they do not cease and desist that your next call is to your State Attorney General's office to report both they and their client - as well as to the Better Business Bureau, your Congressional Representative and Senator and any/all applicable State and Federal Commissions.