HELP - in Illinois!

Since payday loans are legal in IL, we would need to know the names of the lenders, amounts borrowed and what you've paid back so far.

Your first step would be to close your checking account to safeguard your money from any illegal lenders. Even if some of your loans are legal, your living expenses are the priority. You can negotiate repayment with the legal lenders.

If this is a case where your wife doesn't know about the loans (and I apologize if this isn't so) then you would need to tell her the account must be closed because of "fraud".

The only way you're going to be able to have a paycheck is to close the account. You can read the several stickies at the top of the payday loan forum for more information.

In response to some questions I've seen asked of others; as noted, I live in Illinois:

1. Check 'N Go - Internet - Borrowed $2000; Paid $1,945 (as of 03/31)
2. CashNet - Internet - Borrowed $1500; Paid $871.00 (as of 03/31)
3. PayDay One - Internet - Borrowed $1000; Paid $684.10 (as of 03/31)
4. EZ PayDay - Internet - Borrowed $850; Paid $127.50 (as of 03/31)
5. Bottom Dollar Payday - Internet - Borrowed $750; Paid $250.00 (as of 03/31)
6. CashJar.com - Internet - Borrowed $625 (new loan)
7. EastSide Lenders - Internet - Borrowed ($750 (new loan)
8. WesternSky - Internet - Borrowed $2,500; (new loan; $300 min payment/mo)

There are 2 other loans, but those are paid in full as of 03/31/11.

Here is the information I have seen requested from others. And, in this case, it is my husband who is unaware of the extent of this and I was hoping to avoid having to close the checking account. But, if you can advise, I would appreciate it.

1. Check 'N Go - Internet - Borrowed $2000; Paid $1,945 (as of 03/31)
2. CashNet - Internet - Borrowed $1500; Paid $871.00 (as of 03/31)
3. PayDay One - Internet - Borrowed $1000; Paid $684.10 (as of 03/31)
4. EZ PayDay - Internet - Borrowed $850; Paid $127.50 (as of 03/31)
5. Bottom Dollar Payday - Internet - Borrowed $750; Paid $250.00 (as of 03/31)
6. CashJar.com - Internet - Borrowed $625 (new loan)
7. EastSide Lenders - Internet - Borrowed ($750 (new loan)
8. WesternSky - Internet - Borrowed $2,500; (new loan; $300 min payment/mo)

There are 2 other loans, but those are paid in full as of 03/31/11.

I am now registered as HELPME-Illinois.

In checking IL website for payday loans, it looks like Check'N Go, Cash Net, PayDay One are licensed. IL law only allows two payday loans at one time and provides for a repayment plan. I would contact them to discuss repayment.

You might want to take a look at your loan papers to see where the others are "licensed". It should say somewhere that they are under the laws of the state of _____.

Your state has an excellent website on which you can file a complaint.

Others will be along and can give you additional info.

i answered your PM as aubry stated the three are legal the others are not licensed.therefore are illegal.

so you are stating that if a pdl company is legal in my state but not licensed then we should treat the company as illegal

no just because pdl's are legal doesn't mean any pdl is.just about every state(tennesee being the only one)requires a pdl storefront,or internet be licensed.that is what we mean.if a pdl dosen't have a license to lend in your state then they are illegal.so to summarize yes if a pdl is not licensed it is illegal.

Is there a place or site from where I can get statewise list of licensed and unlicensed pdls? Why is Tennesee state an exception? Thanks in advance

At the top of the payday loan forum you will see a sticky - internet payday loans. You can also check out http://www.paydayloaninfo.org/