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Hi... so I stupidly have taken out payday loans on two separate occasions now this year, with the first set of about $2,500 being paid off and now the second set totaling about $3,000.

I have now read up on Minnesota's payday loan laws and have not been able to find a single lender that I've used among the legal lenders here. I had no idea that internet lenders had to be licensed in each state and that any loans they provided to me would be illegal if they were not licensed.

I am hopeful someone can confirm this for me and advise on the next steps so I can stop the endless cycle of payments with no end.

Here's a list of my current payday loans and lenders:

  • CashCure ( - $800 principal + $176 interest (paid $528 with no principal reduction)
  • Integrity Payday Loans ( - $400 principal + $120 interest (paid $198 with no principal reduction)
  • United Cash Loans ( - $250 principal + $75 interest (paid $150 with no principal reduction)
  • AdvanceMeToday ( - $700 principal + $168 interest (no payments made yet)
  • Magnum Cash Advance ( - $549 principal (paid $511, still owe $361)
  • 247GreenStreet ( - $650 principal (pay total balance of $779 back each payday to zero account out)
  • Plain Green Loans ( - $800 principal (paid $1326, still owe $497)

I am planning on calling my bank tomorrow to see what I can do to stop the ACH payments to these lenders as I cannot see that a single one is legal. Hopefully, I may be able to recoup some or all of the money I've paid over and above the principal balance and I also plan on filing complaints against each of them with my Attorney General.

Thanks in advance for any help provided!

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