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payday loan trap

Date: Sun, 07/24/2011 - 10:30

Submitted by caramlized00
on Sun, 07/24/2011 - 10:30

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Total Replies: 2


I'm so happy to have found this site. I finally feel like I am not alone.

I do have one problem though. I am in 7 payday loan traps, and understand the advice of closing my bank account, however, I don't want them calling my references for any reason. Is there anything else I can do without them harassing me or my friends? Do I tell them I closed the account?

I really need help outta this. I am over $3,000 in payday loans and I don't even make that much in a month. I'm worried my consolidated payment will be the same as I'm paying now in interest to extend these, which is making my account go negative every month.:(
Please help!


It is important to do what SoapLady is asking, because although having 7 PDL's is not fun in the slightest, the situation may not be as dire as you think.
I say that because if you have paid back $1000 on a $500 illegal loan for example, you may be owed a refund! It has happened to several members of the community and it could happen to you.
This also is the first step towards getting control back: knowing exactly what you are looking at, the good and the bad. Good luck and we are here to help you.


lrhall41

Submitted by kscornell on Tue, 07/26/2011 - 16:18

( Posts: 4407 | Credits: )