How do I get out of the internet payday loan trap?

Hello Diazny4life, we need more information in order to help you. If you will, please list following information:
-The names of the all the companies you have a pdl loan with.
-How much you borrowed
-How much you have paid back.

If they are debiting your account for payments, there is only one way to stop them, and that is to close out your account asap! But before you do that read information about closing out accounts at the link below. And please do NOT tell these companies you are closing out your account or they will take everything you have!
http://www.debtconsolidationcare.com/paydayloan/close-account.html

This thread will most likely be moved to the payday loan area, so I will leave you a link there so you don't lose track of this. :)
http://www.debtconsolidationcare.com/paydayloan/forum/index.html

Meanwhile, I am going to post the Payday loan laws for Florida here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Hello and welcome to the forums. You have come to the right place to get help with your payday loans. Everyone here is eager to help you get through this ^_^

In order for us to help you better, it is very important that you give us the following information:

*The names of the payday loan companies you have payday loans out with

*The amount you originally borrowed from each company

*And how much you have paid back on each so far

I know you may not know right off the top of your head, but it is very important that you take the time and look through your bank statements and/or call your bank for the amounts debited from your account if you are unsure. It will help us assist you ^_^

Whoops! Must have been writing this at the same time as you, Shazzers ^_^

And not to be totally OT, but could you tell me how to correctly copy and paste State Laws for people into a thread for future reference? ( Is there a code or quote? )

Amaranth, the quote button is located beneath the font/colour and font size buttons. :)

Ah- I see it now! Thanks ^_^

I have a $5000.00 loan with cash call and I need to know how to get this gone ASAP. I have been having payments taken from my account for about 10 months and I think that my balance is still just over $5000.
What can I do??

Kindly advise,

Josh

Cash Call is not a pay day loan, and it it 100% legal.
Here is some info from another member.

To all those looking for information regarding Cash Call:

Cash Call is NOT a payday loan! They are backed by a bank.

Federal Law allows them to operate when backed by an FDIC insured bank in any state without a seperate license. Federal law also allows them to import the interest rates from their home state.

Since they aren't a pdl, they don't follow the same laws. Cash Call will sue someone if they don't pay, and they will win because they are 100% legal.

Since they are backed by an FDIC insured bank, usually First Bank of Deleware, they are allowed to import their interest rates from their home state. So the interest rate of 99.24% is totally 100% LEGAL.

This company sucks! They are evil, evil, evil. If you don't pay them, they will sue you. But they won't sue you right away. They will wait a few months so that your balance ballons up, then sue you because they know that once a judgement has been entered against you they will not get their 99.24% interest any longer.

I had a loan with them also. I got in touch with BHR Associates and they were able to help me. I should be finished with BHR in October of this year and loving every minute of it, since they got CASH CALL off my back!!!