Drowning in Payday Loans...

what state are you in and what are the names of your pdls, also are they internet or storefront?

I'm in Utah, they are internet... 500 FastCash (this one I borrowed $250 and have already paid back $580... ouch!!), Nationwide Cash, Midland, Ameriloan, StarCash Processing... the list goes on...

We need to take this step by step and try to figure out what to do to get your finances back under control. First I am going to post a link to your state payday loan laws. Below.
http://www.paydayloaninfo.org/state_detail.cfm?id=UT
Utah requires an Internet lender to be licensed in your state in order to lend to Utah residents legally. I don't think any of yours are but you really should double check on that. Click the link below to view the Utah licensee data base.
http://168.177.228.15/reglista.htm

The first thing you need to do is close out your account, asap! Open a new account at a totally different bank if possible. All you need to do is pay back these lenders the principal amount you borrowed from them to begin with, deduct any fees or payments they have already taken out, subtract it from the principal amount you borrowed and that would be the balance you owe them. They will all disagree of course, but we don't care because your state law prevails. :D Don't give out your new account number to any of these lenders, I will give you a link which will guide you step by step on how to deal with them from here on out. CLICK HERE to find out how to deal with illegal lenders. Keep checking back for more replies. If you should have any further questions try to keep all of your information in one thread for easy referral.
:D

Thank you so much... I'm feeling like I can breathe a little easier already. I looked at the link to see if these online lenders can do business in Utah, and only 1 out of can. I'm not surprised though... they take advantage of people in need. I'm going to use the letter thatyou gave me a link to and get them to stop harrassing me and see if I can get them to refund me the outrageous fees and interest rates I've been charged. I'm beginning to see a light at the end of the tunnel. I know it will be a long road ahead, but thank you... I will definitely look at all of the resources you've given me. I will also give updates nd hope that we can all help one another. I will check back often. Thanks again!

I'm glad I could help, keep your chin up, it will get better eventually. Please stay around once you get yourself back on the right track, we could use all the help we can get!

what if the payday place you got the loan from isnt licensed in utah? i also live in utah and one of my payday loans isnt licensed.

Can someone give me the link for Texas Laws and license database?

http://www.paydayloaninfo.org/state_detail.cfm?id=TX
http://168.39.159.59/default.asp

That's for the websites. I check on mine and only 2 of them were licensed in Texas but the staus now says canceled. Does that mean they are no longer licensed in Texas?

I would say that is what it means, if it was canceled.

Thanks for your help.

Thanks for your help with the links and letters, I have sent them out, hopefully I'll start to get some responses. I really appreciate your help Shazzers. :)

I too have gotten myself in a terrible financial bind with payday loans. I am from Kansas and I have no idea how to get these companies paid off. I have borrowed from local payday loans here in this area and from loan companies on the internet. What do I do.

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