Payday loans are ruining my life
Date: Wed, 04/16/2008 - 08:34
Payday okay, this one is almost paid in full as they are no longer doing business in PA and have switched to payday one. Principal balance in $100, fees paid over the last year $870.00, original loan was $500.00
Payday one $650 principal, loan fees paid over the last year $1681.50
CashadvanceNetwork Principal $600, I cant get into loan history with them to calculate exact fees, but I know it has been around $720 at least.
CashnetUSA $550 principal balance, I have paid them off in the past and had to reborrow to pay other loans, total fees over the last year $1775.
Checksmart $500 principal balance, fees paid $125 on this loan.
Cash Central $300 principal balance, fees paid $300. This loan will be paid this week.
My bank has told me they would have to re-open my account if the debits came in as they do have my authorization. Even if it is revoked. I cant open another checking account as I have something on checksmart as a result of an older payday loan with another bank. I have already been denied. My employer requires you have a checking account to get paid, they do not pay by check. I live in PA, all my loans were done online. Anything you can do to suggest getting away from this awful situation would be appreciated. I have nobody to borrow the money from, otherwise that would have been my way out a long time ago.
I was just informed by Cash Advance Network that they are licensed in the United States and they are not required to provied a copy of the license. I have just been on the phone with PNC Bank also, they claim I cannot close my account completely as the ACH debits will reopen it. Also, they stated that they cant put hard holds on checking accounts for all ACH debits.
I think I am stuck!
The phone calls have started!! Checksmart left me a nasty messa
The phone calls have started!! Checksmart left me a nasty message on my CELL PHONE. They only had this phone on file as a reference. I didnt answer as I knew the phone number. I have since sent them an email to contact me by mail only and that they are no longer allowed to contact me by phone in addition to my references and my employer. Hopefully this will work.
myalias, you're doing fine! Yes, they're going to start hitting
myalias, you're doing fine! Yes, they're going to start hitting your phone; however, do what you're doing. Keep everything in writing! Thanks for keeping us updated!
thanks cannr. It is tough, but I can deal with it. At least
thanks cannr.
It is tough, but I can deal with it. At least I have control of my finances again!
So far, I have received a couple of threatening emails, and one
So far, I have received a couple of threatening emails, and one letter from CashCentral. I have not yet received any phone calls at work. Since I contacted all of them and said they were forbidden to call me at work, that must have worked. CAN has not contacted me since I asked for a history of my account and knowing they are not legal in PA. CashCentral is already threatening collections and a lawsuit. I really dont care about being turned over to collections. My credit is messed up any way. That is why I ended up with PDL's in the first place. I wasnt able to get a loan with my bank!