I have a whole bunch of storefront PDLs in Texas. I have renewed 3 times already but now I can't manage. I can manage to pay off 1 PDL a pay period but not all the interest plus 1 PDL pay off in 1 pay period.
I tried to get a signature loan to pay off these and was declined promptly. I wrote checks to all except one (CashStore) from acct with direct deposit. I have to default on some of these PDLs this week. This means they will deposit checks. I won't have money in the acct. Returned check fees, NSF fees, etc.. I will be in deeper hole.
I don't want to do anything illegal.