Need help with Payday loans

Hi, Francis. Welcome to the forum. Please let us know what state you live in and how much you borrowed from each of the lenders listed. Also, please let us know how much you have been debited from each thus far. Payday loan laws vary by state so, without knowing where you are, we can't advise you properly.

Cashnet USA is legal in many states since they are backed by a bank. Give us the name of your state if you want to have the answers of your questions.

FYI- if you close your account don't tell the bank people you're closing it because of PDL, or they won't let you, well at least most banks won't! tell them another excuse and give and advance notice to the lenders that you cannot longer pay them as agreed, well at least that's what i did and they stopped charging interest at least :) but before i talked to them, i had closed my account!

Francis:I know it is very scary! I was sooo scared to close my account also. I am new here and seen success by following what this site has advised. All of the banks seem to vary but I can only speak from my own experience:before you COLSE the account you may want to put a hold/freeze/credit only on it.I am with BOA and I told them exactly why I was closing...PDL's they said they had been down this road many times before with others. They put a hold on my account, but I didn't actually close it until a week later. With some banks they can still push through to a closed account. The other thing to keep in mind is the sooner you move to do something with that bank account the better. My loans were coming out on Fridays, (every other) so by Wed. the ACH's were already set up with my bank. And my state (VA) does not consider it fraud to close accounts for PDL's not to go through. I don't know what state you are in, but here are some interesting PDL facts I found for VA http://www.virginiafairloans.org/BorrowersGuide06_09.pdfHope this helps, like I said, I am still kind of new here also, but I am only speaking from my Own experience.

sorry about the link..here it is the correct way:http://www.virginiafairloans.org/BorrowersGuide06_09.pdf

that is strange the advice given here has not helped you, it has helped me and not only the advice given to me, but I take time and read alot! it sure did help me save $900 dollars and all of my lenders are not abusing of me, I'm not overpaying and they agreed to pay what I asked! good luck to you!

Paulie IDK if that comment was directed towards me but
I wasn't saying the advice here hasn't helped me. It has helped me TONS! I was just giving a link to a pdf, it is not another debt/advice site. It is just tidbits about the law in VA that I found AFTER I used this site.

BUT without this site I would have not had the courage to do anything! the info. I gave about freezing the account also came from this site.

I cannot thank the people here enough. I was trying to be helpful as to what I did based on what this site recommended. Everything here is awesome and helpful. Sorry for the confusion.

Thanks Paulie and JCB. You are doing a great job. Please keep it up!