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Confused about debt relief options for payday loans

Date: Tue, 02/26/2013 - 17:15

Submitted by anonymous
on Tue, 02/26/2013 - 17:15

Posts: 202330 Credits: [Donate]

Total Replies: 3


I recently went through a snowball effect of life events that have put me in payday loan hell. I have every intention of paying them back but it needs to be on terms that I can manage. How can I do this and which is the best option for me.

I understand this will effect my credit, so what is the least effecting? I want to avoid being sued or wage garnishments.

I have 8 payday loans, I live in California and I closed my bank account already. For most of them, so far I have only paid once on interest or nothing.

Here is the list:
United Cash Loans $650 +$195 interest
My Next Day Cash $500 +$150
Cash Yes $600 +$150
Cash Web USA $500 +$180
eastsidelenders $750 +$225
peppercash $1,500 +$400
zip19 $500 $100
Cash Net USA $255 $45

I can pay a total of $225 per month. What would be the best option for me. it seems that nothing I read is 100% intuitive, beneficial, or legit, there is always something that makes me wonder if I can trust anyone. I just want to be able to manage my payments and pay everyone off with what I can, without causing further issues. I've communicated via email with all of them to tell them I am willing to set up a payment plan and they all seem ok with that except they want large payments, $170 per month each and thats just too much. Do you think if I pushed back and make my own terms? Do I have any legal rights since I live in california? If the loan companies are not legal then what are my rights.


Like Steve states above, they are all illegal except for Cashnet. You don't have to pay a dime over what you borrowed, no interest, no fees, nothing, just principal to all illegal lenders. Tell them how much and how often you will pay them. Do it on your terms. They can't do anything to you. If you can only pay $10.00 to each one each month, then tell them that. If they won't accept then tell them they won't get paid. Make sure you follow every step listed above. I just got rid of 4 PDL's I had and I also live in California. Good luck!


lrhall41

Submitted by Andyrr on Wed, 02/27/2013 - 10:17

( Posts: 4 | Credits: )


Except for CashNetUSA, all the lenders listed here are illegal in CA. Use this link and follow every step listed here: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html


lrhall41

Submitted by Steve Barris on Tue, 02/26/2013 - 19:30

( Posts: 1043 | Credits: )