Payday Loan Help!

You have come to the right place for help. You must close that account and have your payroll dept. issue a live check for a while. until you get a new account set up. Be ready to recieve a bunch of illegal meaningless threats. Please list each lender, how much you originally borrowed, and how much you have paid on each one so far. Which address did you use as your residence when you took the loans. This is important because the laws about these loans vary from state to state. Provide us that info and we can help you. I have been there before. It is not nearly as bad as you think. Closing that account is the only way to get control of the situation.

Stopped direct deposit effective next week, can't close bank account until monday.

Loans as follows

GFSIL.COM - $225 paid - $615
InteremCash - $200 - Paid $400
DiscountAdvances.com - $110 Paid $64.18
MyCashNow.com - $200 Paid $118.00
AnydayCash.com - $100 Paid $75
SaGamoreInc - $200 - Paid $105
Ameriloan.com - $250 - Paid $50
ArrowheadInvestments - $300.00 - Paid $90.00
Whitesands - $300.00 - Paid - $90

When you close your bank account, be sure to ask your bank what their policy is on ach transactions going through on closed accounts. Some banks will allow the transactions to go through and force back open the closed account. If your bank does this, tell them your situation and have them put your account on deposit only, and ach block, or a hard hold before they close the account. That should keep the payday loan companies from reopening it with ach transactions.

Make sure you write these people letters stating that you revoke your authorization to debit your account, along with any wage assignment. Make sure you revoke authorization to contact your employer or place of employment. Do one for each company and take copies of these letters as proof that you revoked your authorization. Even though you closed your account, like goudah said, some banks will reopen your account with an ACH transation. This will help in case that happens and then you can have the transaction reversed.

Also you didn't mention what state you took these loans out at. Was it in CT or AZ? As Frogpatch said, different states have different laws regarding payday loans.

I am also assuming that these are all internet loans?

If you can provide the state, it will help a little more in pointing you in the right direction to get these things out of your hair.

I'm in CT.

You will find the Payday loan laws for Connecticut here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Payday loans are illegal in CT . . . . You need to file complaints against all these companies asap!

Any sort of template letter I can throw together?
BTW you guys are amazing. I am very grateful I found this site and your assistance:)

There are a few templates floating around. The best one is found here

Hang in there,DaGod...these guys are GREAT. I'm in the same boat as you and I am hoping to be out of it soon. Good Luck!!!

took two payday loans 1cash supply600 and m1y direct300 i paid way over the amount i live in ct. but didnt know it was illegal in my state.

it's been 3 years since these loans were taken out, and now they are calling me asking to pay up. I tell them the same thing every time, I want something in the mail that states the correct balance, but they won't send me anything. How do i go about stopping them from harrassing me?

trouble, who are you dealing with? Which pdls? And who keeps contacting you? The pdls or a collection agency?