Payday loan consolidation for 9 outstanding loans

First thing: are they interent or storefront? What state are you in? what companies did you borrow from? and how much did you borrow from each company? how much have you paid to each company in so called fees?

I reside in TN and they were internet. I am so ashamed to have had to do this but now it's like a bottomless pit and I've been takeing out loans to pay bills because once the fees hit my bank, I am BROKE!

I have borrowed from the following:

CMG Group (anyday cash) 200 (borrowed 12/4/06) paying 60.00 interest every 2 weeks. Just recently got to start paying this one down.

Loanshop 200 60 in interest (3/16/07)paying down
Netcashusa 300 90 in interest (4/24/07)
Geneva 300 90 in interest (5/21/07)
Payday2go 400 100 in interest (3/16/07)
MTE($10) 300 90 in interest (5/15/07)
National
Payday 400 100 in interest (5/30/07)
$550fast
cash 300 90 in interest (5/29/07)

First, you need to close your account and open a new one. Preferrable at a new bank. This is just the first step, and a necessary one to take back control of your finances and start paying for your necessities again. You also need to file complaints with your Attorney General's Office, the companies you mentioned, I can guarantee are not licensed in your state.

It looks like you have already paid back CMG Group in all of those illegal refinancing fees they have been charging since December 2006.

But like I said first close and open a new account.

Sent out letters by email this morning and fax, got two PIF's by the end of the day....GMG/OSL Marketing and Loanshop/DMS Marketing

BFlow, I am sohappy for you that you got he PIF. There will be a light at the end of the tunnel. Keep up and dont give in. KYSIDE38

'Bflow - 2 pif''s??? Yay for you!!! I''m so glad you''re having luck & so quickly! But watch out - 7 more to go! I started out with good luck in the beginning with my 12 (yes, 12) and I am now fighting tooth and nail with 6 of them. It''s all out war! Good luck to you & I hope you only continue to get good news! It''s starting to get better, isn''t it???')

It is, although I still owe 7 but feel like loads of stress have been lifted already! Just need loads more to go!

If you need any help - just post away! We're here with whatever info we can give!

I have never used a payday loan, but am I reading these numbers correctly that they are charging 25-30% every two weeks?

Why don't usury laws apply here?

That is what they charge! No responses today but I sent the letters by email again, just to irritate them! I keep getting an email for payday-loan-yes.com asking if I am still interested in a loan, DUH, I already have a loan, do they not communicate with each other, every day I get an email from someone else.

Tell them yes, you would LOVE another loan and to go ahead and apply it to your outstanding loan! LOL!

Got a PIF from Cash2day this morning. Had to sign an agreement but then they faxed me all the backup documentation I will need if they try to debit my account anymore. YEAH!, 6 more!!!!

I actually am having a somewhat decent weekend for a change, not worrying until I'm sick about this crap.

I am glad to hear you are making progress! Congratulations on the PIFs. That list is dwindling down, and good for you! :D Also, happy to hear you are having a peaceful weekend. :D

Any info on National Payday??? They emailed me and said that they have received the information I sent and that someone would review and they would contact me?? Guess they don't want me contacting them????

I have 8 payday loans, via internet. I live in Pa, and am drowning. My employer has an assistance program that will help me, but only when they are in collections. What should I do??

Phyliss Please contact the Attorney Generals office there. Also see post about PA they are getting a cap on these vultures. Go to http://www.paydayloaninfo.org and look up the laws. Best Wishes KYSIDE38

This is absolutley crazy, I haven't even defaulted yet, this week will be the first missed payment. HAHAHAHAH, jokes on them, I don't give a shXX who they place it with!!!


Please be advised that your account with Nationalpayday has been forwarded
to Detex Agency & Associates. Your account had fallen into serious default
and, as a result, additional finance charges were applied and may accrue.

Upon receipt of this letter, ALL communication between Nationalpayday.com
and above named customer will cease immediately. ANY PRIOR PAYMENT
ARRANGEMENTS YOU MAY HAVE MADE WITH NATIONALPAYDAY NO LONGER EXIST AND ARE
CONSIDERED INVALID.

You are hereby advised to contact DETEX Agency & Associates within 30 days
by calling toll free 1-866-382-3651, as your delinquent account is now in
their control and failure to resolve will result in further collection and
consequences every 72 hours.

Collections Manager
Nationalpayday.com

At least they haven't threatened you with arrest.....YET. Let's hope they are not that ignorant. It is funny that they have sent this and it isn't even in default yet. It is good to see you feeling better and back in control and getting out of the pdl cycle. :D

Thanks, You all have been great. I feel like I can actually get something accomplished other than paying out $$$ I don't have. I actually got to pay one of the van payments I was behind. YAHOO!!!

:D

Thanks kside, I am still at a loss at what to do next.

Phyllis, do as kyside suggested. You need to file a complaint with PA's attorney general's office.

Phylis - can you post some more specifics about your situation? Who did you borrow from? How much have you paid back so far in fees?

With this info we can tell you what you can expect, and give you better advice on how to handle them.

Phyllis, I have always been a firm believer in the Attorney General. No one knows the laws of the state better than they do. Thats there job. Thats also what they go to law school for. I would definately file a complaint with their office. KYSIDE38

I got a letter in the mail today from this Detex Collections company, they are claiming $700.00 owed on a $400 loan and I have paid $100 on it already, they are nuts, talk about inflation!

Sounds like some bad collection tactics. They never cease to amaze me. KYSIDE38

What?? A PIF from Cash Today?? Please, please, please tell me how you accomplished this! Please! They are fighting me tooth and nail and I've gone around and around with them! If those idiots don't stop calling me, I'm going to the UK and kick some ass! Please tell me what you did to get that PIF from them! I overpaid them and they told me to send them MORE money! What the hell? If you have some sort of magic potion, please send me some so I can use it! Cash Today? PIF? Agreement? PLEASE pm and let me know how in the world you did it! I think it is AWESOME! And I'm really glad for you, blfow! However, share your wisdom with me! I hate these guys!

Canner,
No, not a PIF from Cash Today....boy do I wish. They are butts. I haven't even heard from them at all. They hit my account last night, just more I've paid in to the buggers.

phyllis, please listen to kyside. kyside knows what's up. File with the AG, file with the BBB, file with everyone you can dream up. But kyside is good. Listen to that advice and if you could post more info, kyside and others can help you further. bflow, I swear, on this post I thought you said PIF from Cash2Day. I guess I'm having major dreams here! Only in our dreams! LOL!

YEAH, BIG DREAMS CANNR! I wish. They are the ones that haunt my dreams the most. I know out of anyone else, they will call my work, etc.

bflow, if you happen to talk to my friend, Brian, at Cash Today, be sure you tell him I said "Hello" and that my Money Gram payment is on it's way. HAAAAAAAAAAAAAAAAAAA!!!!!!!!!! Oh, that's only if you can understand one friggin word he says. HAAAAAAAAA!!!

Yeah, right! I called the 800 # and some strange lady answered. After several minutes of trying to get the information I wanted, I just asked her if anyone there spoke English? She said she was speaking English. I replied, Oh, you are? Then I just hung up, if I can't understand her, I can't really get the information I need, can I? I documented her name (I think, at least what I thought she said) and the time, etc.

I just came upon your wonderful site... I thought that I was alone in this. I have 5 payday loans out and I have just recently tried to get a so called payday consolidation loan. They yanked my chain for 1 whole week just to have me blow up on their answering machine. They say that they would just put me farther in debt. I am paying about $700 every 2 weeks just in extension fees. I can't get them any lower because I can't really even afford the "extension" fees. My spouse has been out of work is the only reason I even got these dang things. Please help, I'm drowning.. :?

Hello I'm Drowning,
I'm sorry for what you have gone through with you consolidation company. Someone will come along soon with some information to help you out. Meanwhile,
tell us exactly who you have loans with, are they store or internet lenders, how much did you borrow and EXACTLY how much have you paid them back? Then someone can help you out.

I am over my head with payday loans. I think I have at the min 5 but cant remember. I did get one of them CashNetUSA to reduce by 50% but the others wont budge and they are calling me at work and threatening to call my boss/company. Though I explain my situation and what I am able to pay they indicate that it isnt "good enough" and therefore I must pay what they want or they will take further action. I really need to find a company that will work on my behalf and allow me to make the payments that I can afford.

Paula-please tell us what state you are in and the names of the pdls, how much the original loan was for and how much you have paid each one in total (including fees etc). If your not sure then check your bank statements.

CashNetUsa is legal so they will have to be paid on thier terms but it sounds like they are working with you.

Its possible some of the others may not even be legal but we need a little more info to be able to help you.

I have 9 payday loans. what kind of letters do you send them? I am so far in debt because of them I might lose my house and my car. can any one help me??

I am in over my head. Every time I think I am coming to the end of the tunnel something happens. I have five payday loans that I can not pay anymore without losing my home.

United Cash Loan ???borrow 350 owe 455
Integrity- borrow 500 ??? owe 650
Loan Point Usa borrow 600 owe 780
Payday Max pay 80 every two weeks, don???t know amount right now

Can anyone suggest some help for me! I live in Kentucky. Please help!

My suggestion would be that you copy and paste your information into an entirely new thread, this way we can keep all of your information in one place and it will be less confusing replying. :)

I have 10 outstanding internet pdl, and would like any help you can offer in how to get out of them. I reside in Missouri

Quote:

i currently have 10 internet pdl and reside in Missouri, any help how to get out from under these would be much appreicated.

Hello all. I have 9 payday loans out right now and I am thinking about consolidating them. But I have been reading your e-mails by the way congrats to bflow on his PIF's but could someone please tell me what they are?

I have 5 pay day loans I live in Vermont.
pay day loan yes
ezpaydaycash

these are the only 2 i can find in my email. Please help. Also what are PIFS?
thanks