Stuck in the Payday Loan Cycle

Date: Wed, 07/13/2011 - 09:22

Submitted by anonymous
on Wed, 07/13/2011 - 09:22

Posts: 202330 Credits: [Donate]

Total Replies: 2

I know I'm not the only one stuck in this cycle, but I still feel like a fool. I just got paid and my whole paycheck is going to payday loan fees. What do I need to do to get out of this cycle, other than stop getting payday loans. I need guidance on how to get these people to stop taking money from me. I live in Louisiana and I've checked the laws, apparently none of the individuals I'm dealing with are licensed here. They all charge outrageous interest rates, how do they get away with it? I just want my life back.

Follow the advice [URL="http://www.debtconsolidationcare.com/pay

Follow the advice [URL="http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html"]in this thread.[/URL] First step is to close your checking account and reclaim your paycheck.

lrhall41

Submitted by OhioGal1 on Wed, 07/13/2011 - 11:07

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Lending of pdl is considered legal in the State of Louisiana. To

Lending of pdl is considered legal in the State of Louisiana. To know whether or not pdl companies from where you have taken the loan are licensed to operate in your state, you can contact with the Louisiana Office of Financial Institutions. If they are not licensed in your state, then you are required to pay only the principal amount. Illegal payday lenders don???t have any right to take any legal action against you. If you want to know more about state payday loan laws, the following link may help you in this regard:
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

lrhall41

Submitted by sally.nachelle on Thu, 07/14/2011 - 03:03

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