I have several Internet Payday Loans and I can't keep Up -I Live in Ky
Date: Tue, 04/14/2009 - 03:19
oneclickcash, impact cash, loanshop, CMG, Centurion, INterity, UpFront Cash, MY1... I have only been paying the fees and on most of these I have paid more than the principal. I took these out when I was having some difficulties and now I can't get rid of them. I would be fine now if I could just get rid of these loans. Can anyone help or give me some advice. I need help!
It is very difficult to get rid of payday loans because of the h
It is very difficult to get rid of payday loans because of the high interest rate associated with it. I think that you should stop paying them and register with a debt settlement company and settle off the debt. But before doing that, you need to close down your bank account, the details of which you have provided to the payday loan companies while applying for the loans online.
All of the loans are illegal. Internet PDLs are prohibited in KY
All of the loans are illegal. Internet PDLs are prohibited in KY.
I would close you account ASAP.
Go here and start reading the steps to take when dealing with illegal lenders.
You only owe what you borrowed. Any fees or rollover charges apply to that amount.
KY internet PDL law is [/url=http://www.kfi.ky.gov/faq.htm]here[/url].
[quote]What is a payday loan?
A payday loan, also called a deferred deposit, is issued when a financial institution (a payday lender or check casher) agrees to provide cash in the amount of the customer???s next expected payroll check for a fee. These short-term loans are required by state law to be paid in full before another one can be issued, and customers may only have one payday loan at a time. Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal. [/quote]
