I found myself in quite a mess in regard to payday loans

I wish you the best Mic! This site is really a life saver. There are many knowledgeable people here that will be able to offer you advice. You've come to the right place! :)

:( Is it best to cancel my checking account to stop the ravaging debits of paydayloan people?

Mic, which state did you live in when you took out the loans. i do not see any of your info here.Please let us know who you borrowed from
how much you borrowed from each
How much you have repaid to each'Are your loans internet or store front. I will post something for you to read prior to closing your account

Got to looking at my payments and 6 went by (that's just interest payments) and nothing was ever emailed me or phoned me about principal payments. Can't believe I fell into borrowing money this way. Is it me, or do paydayloan companies trying to get a person so far into debt cycle a guy can't pay off the amount?

moral-Yep, that is pretty much their hope! :(

Impact Cash--350.00 paid them 105I+50P,90I+50P,75I+50P; One Click Cash 350.00 paid them 105I 5 times+100P+another 90I+50P; LoanShop/DMS 300.00 paid 180I; Upfrontpayday loan 500.00 paid them (2)150I+(4)130I; NLS Payday loan 500.00 paid (8)151I +250P; MTE Financial 300.00 paid them (4)90I; Paychecktoday 400.00 paid them 150I+(3)120I +120I+50P+105I+50P; US FAST CASH 350.00 paid them 105I; United Cash Loans 350.00 paid them (5)105I+50P; ameriloan 350.00 paid them (4)105I so at the beginning of each month I have about $1400 coming off my direct deposit. What type of broken bones am I going to get for not paying these people? I jest... I live in Connecticut. I used an address and phone in CT for the loan apps, BUT I have my credit union in Orlando, Florida. (I used to live there in Florida till I was a victim of three hurricanes and lost praqctically everything I had to damages of water, destruction, and had to relocate to live with my younger daughter and two grandsons in South Texas. All the ONLINE LOANS I listed here were made while I was residing in CT at the same residence. I see that the State Dept. of Banking of CT has ruled these payday loans illegal. I didn't know they were not supposed to offer them or actually approve these online payday loans while I am a CT resident. I just feel horrible. My finances are mostly under control if it were not for these online payday loan interest payments each month. My sincere thanks for all the wonderful people helping me with your comments. I feel blessed. Thank you one and all. Mic

You will find the Payday loan laws for Connecticut here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I received a payday loan from a company called payday loan yes. This company is threatening to send me to jail, can they do that?

tree-no, they cannot. payday loan yes is illegal and say whatever they need to in order to scare you.

No they can not. You can not go to jail for owing money to anyone. I believe this to be an illegal pdl. What state do you live in?

I took out a payday loan from a company that is debiting my checking account under the name Loanshop/Broken. I can't find any information on them online to pay off the principle & interest to stop these debits. Does anyone know who these people are & how to get rid of this debt?
Thanks for your help!

Michael P....could you just please list the name and the total amount paid in fees and principal??Like:
USF
Loan:$300
Paid: $450
Since they are prohibited in your state, looking at the amount you have more than paid your principal back. You will have to close your bank account to stop the ach's and draft letters to them to cease and desist. We can help you with that...but the bank thing comes first...and don't tell them what you are doind as they will clean you out. I would also PM Mike and change you name...shouldn't use your actual name on a public forum. Please read the following info:http://www.debtconsolidationcare.com/paydayloan/close-account.html

Then post any questions you have.

I just got a pay day loan to get me thorugh next week (because of Christmas). I got an ad saying not fees pay within 10 days only principal owed. I am still within my 3 day cancellation and have just cancelled the contract(via fax and called and had them email me with confirmation) and will return money tomorrow. WOW! I can not believe they screw over so many people. I would rather pay overdrafts than deal with that!! Thanks for all of this wonderful info!

Your welcome nich...and I am so happy you cancelled that loan. Believe me when I say they are much more trouble than they are worth!!!

Help I had requested a payday loan as stated above and I attempted to resend the money back as it said I had 10 days from the date of cancellation. Well apparrantly they did that also, but I only had 1026 in my account, but instead of letting both go through they rejected both apparantly they came thorugh about the same time. Anyway I have contacted the company 3 times all three in writing, phone and then live chat. They said I have to wait til Monday (My 10 day max to return money) before I can found out what to do. Shoudl I just send the money viz western union and be done with it? Due to the fact that I was on hold like 40 minutes for the last call I stated that is what I was going to do, but they said if I did that it could take their system 24 hours to udpate and in the intermin could eft the $600 again. FYI-I live in the state of Texas. Any help would be appreciated.

There is probably nothing you can do now over the weekend. I would contact them first thing MOnday morning, explain the situation and have them debit it back immediately. Then watch you bank account very carefully as they now have your info. I would also explain to the bank it was an error and you would like that companies ID blocked from further activity on your account.