Ready to Get Out of This!

there are so many that a list would be impossible to get. There are thousands.

Kash is correct...there are literally thousands and more coming on every day.

I would recommend you go back and look at your bank statements, emails, etc for the names of your PDL's.

I went and looked at my statements and I have the names. I'm in NC and I am trying t decide how to approach this.. I have 4 Payday loans, three of which I have paid well over what I borrowed and one where I have paid fees and owe them about $300 on the principal. I know that PDL's are illegal in NC. Can anyone advise me on how to approach them on being paid in full and sending a money order to pay the remaining balance on the one? Or tell me if you are aware of anyone who has done this without just paying them back the principal on top of all the fees I've paid?

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

Please list for us who you have loans with, how much borrowed from each, how much paid back to each, are they internet or store front.
PDLs are not legal in your state, so chances are you are just oblugated to pay back the principle

BIG Borrowed $275 and have paid $500 through 1-15.
M1Y Borrowed $250 and have paid $795 through 1-15.
my cash now Borrowed $800 and have paid $340 through 1-15.
MTE Financial Borrowed $200 and have paid $290 through 1-15.

All are Internet.

my cash now is the only loan that you still owe on. The others have been overoaid. Please close your checking account so that no more money is debited from your account.

I can't close the account today because of pending debit card transactions. So tomorrow I will be adding another round of fees to everyone. My hope is that I can figure out how to take some type of action on this before my February 15th check....

You have so overpaid it is shame to give them any more money. You realy do need to close this account asap

I know and believe me when I say I do not want to. Once I close my account what do I do or say to these people?

Ok , You say nothing until you close your account, otherwise they will go in and take everything . When it is closed you will make arrangements with the one that you still owe. The others you will demand refunds from, being that these loans are not legal in your state. I have a copy of a letter that many of us have used, and when you are ready, I will pm it to you.

That would be great! I don't have to wait until the 15th to close the account. I will close it over the next few days and move, what will be left of my paycheck, to a new account. Then early next week I can start using the letter. I will admit I am a little nervous but I don't want to spend my entire tax refund paying the amounts off if I have already overpaid some of them in fees to begin with.

I must ask. Have you learned anything from this experience? With the money you have paid out, why did you need to borrow in the first place? I hope you don't think there is a good answer.

Guest, don't come here and play judge and jury when you don't know the circumstances. This site is designed to help people, not kick them when their down.

Get em Shazzers... Angela, you may want to talk to your bank, I was able to place my account on deposit only and I told them which companies I had debits with that I wanted paid. Once everyone was paid...the account was closed. That kept the pdls from taking any more money. Just a thought.

Ah geez guest, just when I thought you had gone away. It is really none of your business because you are just a mean, nasty little person. You must feel really lousy about yourself to come in and kick people when they already surely feel bad. Please crawl back under your rock. ANgela, pay no mind to the guest comments. We are here to help you and support you. Most of us have been there. It is not easy but you can beat these illegal loan sharks. Many people here have done just that! Kash and Shazz have given you good advice. Best of luck with you.

Thanks because I really didnn't need that! As a single mom of four I found myself in a bind and didn't have regular alternatives and at the time it did seem like a way out. The circumstances are none of the guest's business but they were important enough at the time for me to do what I needed to do. I get up evey morning and go to work. I've worked for the same company for the last 19 years. I'm not slack I work hard. One payday lenders fee's are enough to get you further off track until you have to borrow more in order to keep up with your monthly fees. I've well overpaid three out of four in fees alone. I'm ready to get out of this in order to have a stable income.

There is no need to defend or explain yourself to us, or anyone else for that matter, some people just have too much time on their hands, and get a thrill out of putting other people down, I guess it makes them feel superior, poor saps. :wink:

I think I have lived the last three years of my life feeling like I need to explain myself! I am so glad that I found this sight. It makes me feel so much better when I get encouragement from others who have been there.

I have closed my checking account and am now ready to take action. Can you please send me the letter I need to use and any avice on how to proceede? I don't want to pay anymore in fees out of my next check and with the exception of one that I will still owe a couple hundred dollars, which I can pay if I'm not paying the fees, I have well overpaid the others.

i will pm you a letter. you will need to doctor it up to fit your specific needs.