too many payday loans to pay off

Date: Tue, 09/09/2008 - 14:16

Submitted by on Tue, 09/09/2008 - 14:16

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Like many other people, I got trapped in the payday loan debaucle. I currently have 6 payday loans outstanding and this is what I owe:
1 - 400
2 - 400
3 - 480
4 - 510
5 - 405
6 - 1857.01
These are all approximate amounts. The first 5 I paid on every 2 weeks for at least the last 8 months until about a month and a half ago $90.00 every 2 weeks on 4 of them and $120.00 every 2 weeks on the 5th one and $94.27 every other week for the last 2 months. I closed my account because I couldn't afford to pay them anymore and they wouldn't work with me to reduce the amounts to allow me to pay them.
What can I do to get rid of these??

Total Replies: 4

First of all, please list the following information so we can he

First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!

Submitted by Shazzers on Tue, 09/09/2008 - 15:09