Need some payday loan advice

There are companies that do debt consolidation and/or debt settlement of payday loans, like T&C, Langhorne and a couple of others. But with this many, you may be right to consider bankruptcy. Your paying around $2800 each month just in finance charges.

Well...normally I would say fight these blood suckers but with that many...I would say that a Chapter 7 may be the best option for you if you have other debt to throw in with it. The other thing you could do, is figure up how much you borrowed from each internet store and how much you have paid each one back with so called fees to see if you legally owe them anything but with that many, the amount of harrasing calls you are going to get would be almost intolerable however you probably still are going to get the calls because even if you file bankruptcy these IPDl's think they are above the law

Can you list how much you borrowed/paid back so far for each loan? Then we can see if you've legally paid what you should owe.

Most of the internet loan companies will not be licensed to lend in your state. Cashnet USA is one of the few internet pdl's that is licensed. I would recommend concentrating on the storefronts and cashnet usa first.

You may not have to file for BK . . . . . Read through these forums, there is a lot of information about getting out of pdl's, and there are quite a few users here from your state.

You also need to consider closing your bank account. When you do this, you need to ask your bank what their policy is on ach transactions going through on closed accounts. Some banks will force open the closed account and allow the transactions to go through. If your bank does this, explain the situation and ask them to put your account on deposit only before they close it. Or have them put a hard hold. Tell them these companies have a history of fraudulant charges and you are trying to avoid theft on your account.

I would read through like goudah2424 suggested and see what you can do first....If bankruptcy is the only option THEN file....Also, close your account and re-open another one and give out your bank info to NO ONE! You might be suprised that you probably have paid back most of these loans in just roll-overs...

I definately would total up what you've paid on each one as Goudah says and then I would do the following: if you have paid off the original loans with fees, demand that your accounts be marked PIF (Paid in Full) or you will contact your state's attorney general. I also strongly reccomend speaking with an attorney to advise you of options. Before you make a decision either way, you should know the whole picture and an attorney can help you do that. Good luck.

Ok, I did pay CashNetUSA in full as of yesterday.
Here's the info on the other loans



TJF Corp - Principal $200 paid $320 in fees to date
Authorized Payday - Principal $300 / paid $830 to date, mostly in fees
Payday Services - Principal $300/ $500 paid to date
Dollar Quik - Principal $300 / $360 paid to date
One Step Cash - Principal $300/ $360 paid to date
Cash Today - Principal $200 / $155 paid to date
Arrowhead Investments - $250/ $75 paid to date
Instant Loan Today- $400/ $120 paid to date
Payday ok Original Loan $200 paid $123 then got a increase of $184.29 which made the princial $350
made additional payments of $92.50 then another increase of $120.00 to make the principal $500.
Since that increase I have paid another $110.72 in fees.

You can fight this if you want to. It looks like at least half of your loans you've legally paid off already. In Ohio rollovers are not allowed, so eachtime you paid to rollover the loan it should've gone to principle.
I would recommend that you do as KS said and file complaints and write letters to these companies.
Even the ones you still owe money to need to be written letters. They will try and charge you more then your state allows. You can offer to pay them what you legally owe, by money order.

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

I know this probably sounds stupid but in a complaint letter to the AG what do I say? And if I don't have the addresses to some of these companies can I fax it to them?

You can probably find most of the address you need here. If you can't find it, post the companies you need the addys for and we can help you track them down.

In your complaint you just detail each loan, how many times you rolled them over, how much you've paid so far, what you are paying in interest, that they aren't licensed, and any other laws that you think they may be breaking.

BTW - Most AG's offices have online complaint forms and instructions. Check out the website for your states attorney general and see if there is more information there.

I've search around and I can't find addresses to the following 2 if anyone can help

TJF Corp which I found their phone number but no address
Dollar Quik

Help is greatly appreciated :)

I would go over how much you've overpaid these loans in fees and say that at this rate, you will be paying forever. At some point, it has to stop--so you are asking that these accounts be marked paid in full or else this is a case of loansharking.

Does anyone have a number for tjf corp?

i have a payday loan out with tjf corp and i need that number also

TJF Corp! It is: 1-866-224-8776

I was reading this and had a question. I have 3 payday loans out all with a prinicpal of $300 (Cashadvance network, Impact Cash and The Loanshop). the fees paid are $460, $450, and $450 respectively. I live in KY so I looked up ours and it says "A licensee or its affiliate shall not for a fee renew, roll over, or otherwise consolidate a deferred deposit transaction for a customer.". Am I correct to say that I can also write letters saying that I have paid the loans through my fees?