logo

Debtconsolidationcare.com - the USA consumer forum

Drowning in Payday Loans

Date: Sat, 08/11/2012 - 14:35

Submitted by zoblat61
on Sat, 08/11/2012 - 14:35

Posts: Credits: [Donate]

Total Replies: 2


Hello, I regret the day I ever took out my first payday loan and desperately need some advice. Paying the interest only on 7 payday loans is depleting my entire paycheck and I have nothing left for bills, etc. I live in MA and believe that the payday loan companies are illegal in my state. I don't know where to start...payday loan debt consolidation, close my bank account, send letter to payday loan companies. I called AdvanceMeToday.com to say they are not licensed in my state, and I would only pay the principal (which I have already paid in interest), and they said they have a Federal license, and therefore don't need a state license. I can't get a clear understanding of the MA payday loan law. PLEASE HELP!! Thank you