help payday loans taking all of my paycheck
Date: Sun, 06/17/2012 - 15:50
Nou 600 paid 300 says I owe still 980
Highlands 200 paid 240 says I owe 260
United cash loans 300 paid 360 says I owe 390
Tlc cash central 400 trying to make arrangements
Loan shop cita 350 paid paid 420
Purpose cash 250 paid 63 making arrangements
Magnum/cash call 390 paid 87 will make arrangements
Western sky 500 nothing yet had to stop pay because of other payday loans want to make arrangements
Speddycash 500 making payment arrangements
I will be paying these with a prepaid debit card are ant of these legal on Texas and the ones I have already paid on it off tell me they are refinacing my loans every 2 weeks when they ate taking the payments from my account saying I did not pay towards the principal there for I still owe oringal amount even tho I have faithfully paid every 2 weeks since April what do I do?? I did read in Texas they can only refinance once a month rbthere for they have illegally done so. How do I handle this. I want to get the others paid off but can't wih the ones I have paid saying I still owe and continue debiting my account. Help
NOU/ItsMyPayday - Possibly an illegal DE based lender. Cross che
NOU/ItsMyPayday - Possibly an illegal DE based lender. Cross check with the state department to be sure.
Highland Payday - Possibly an illegal lender. Check with the state department to be sure.
United Cash Loans - Illegal tribal lender. They owe you $60
Cash Central - Legal licensed lender
Loan Shop - Possibly an illegal DE based lender. Cross check with the state department to be sure.
Purpose Cash - Legal CSO in TX
Magnum/Cash call - Was the loan originated by Magnum and then handed over to Cash Call? If so, then its an illegal loan since Magnum Cash is an offshore lender. How much did you borrow and pay off?
Western Sky - Illegal tribal lender
Speedy Cash - Licensed lender. Possibly a CSO in TX.
You need to read this and find out how to deal with illegal lenders: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
As for the CSOs, you can work out an extended repayment plan with them.
Keep in mind that they have wage assignments, not garnishments--
Keep in mind that they have wage assignments, not garnishments--this means that legally speaking, you can send them written notice that you are canceling their assignment, and they will not be able to take those payments anymore. You need to send those letters to each PDL, I would recommend sending them by certified mail return receipt requested so you can prove that they were sent. Also, I would notify your bank that those companies are no longer authorized to take money from your account at the same time. I am not advocating that you not pay your debts--but you cannot allow them to take every penny you get paid. Survive first--pay the necessities and then pay bills like these after. When you send these letters, you are bound to get some angry responses from the illegal ones, but you need to eat, etc etc. They do not care about that--so do not expect sympathy from them.
If you send those letters and they still keep trying to take money, you may have to close your account and open a new one. Also, the ones acting illegally, you are still responsible to repay the amount you borrowed, without interest. Please keep us updated.
how to check with state
How do I check with the state department to see if they are illegal? Cash call and western sky are the same company
The Office of Consumer Credit Commissioner is who to call. You
The Office of Consumer Credit Commissioner is who to call. You can reach them at 800-538-1579.
You can also check license info for payday lenders here.
And for CSOs here.