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pay day loans

Date: Mon, 03/09/2009 - 10:04

Submitted by anonymous
on Mon, 03/09/2009 - 10:04

Posts: 202330 Credits: [Donate]

Total Replies: 3


I currently have 3 payday loans in the state of TN . All of them were done online.

PayDay1 - Balance $1000 pric. + $400 interest. I have already paid well over this amount in interest. They still debited my account even after I called them and told them I did not have the funds for the payment.They are willing to offer me a settlement but I still can't pay that.
Outback Bucks - Balance $300 principal - have paid $90 interest
VIP PDL Services- Balance $300 principal - have paid several $90 payments but interest only

I need help getting these paid off. I already have a debt consolidation for my credit cards. I asked them about including these but they said no.


Ok, first of all let's review your payday loan laws, CLICK HERE to view your payday loan laws. Unfortunately, Tennessee allows an Internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in. Payday One is a legal lender, you will need to make payment arrangements with them. You will need to find out what state the other lenders are licensed in and follow the laws of that state. I am not certain where the others are licensed in, but I need to do some searching.

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!


lrhall41

Submitted by Shazzers on Mon, 03/09/2009 - 11:23

( Posts: 17344 | Credits: )