I have got myself in way over my head with 7 payday loans.

Someone will be along to advise you. Please read the post under closing your account before you do that http://www.debtconsolidationcare.com/paydayloan/close-account.html.

ladybug

Hi sesims. Here are your state's laws regarding pdls (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I think that closing your bank account is a good idea. When you say united, do you mean united cash loans? If so, then I can tell you for sure that they are illegal.

Hi there. I got your QM. For United Cash Loans, I think I would just pay the principal and the LEGAL interest rate for your state which is 15% of the principal. You have already paid them $315 towards your $350 loan, so by my calculation, you should owe them about $88 more dollars ($350 + $53 - $315). My guess is that the others are illegal, too. Onestep and Ashland owe you refunds. You have WAY overpaid them!! Does anyone else get the same thing as me, or am I just crazy? :-)

El-If these loans are illegal in CA, then the principal is what sesims should pay....period. I see what you mean with the interest calculation, but sesims has already been charged over the allowable finance charge limit.

Definite overpays here too.

sesims-If you can get that bank account closed, I would do it asap. Would you like a letter to send to your pdl's that tell them to cease and desist and to revoke any wage assignments?

I have already contact my bank about their policy of reopening for ach transactions - I am waiting on their reply. I would very much appreciate a letter to send to the pdl's. I am more than willing to pay them what I owe them, but the fees have just become unmanageable.