I live in Montana.I currently have 10 internet PDL's and 4 storefront PDL's in my town. I am just tackling this problem and need some help. I want to pay these but on my own terms and ONLY what I owe. I know most, if not all of the internet loans are illegal and need advice. My first and foremost question is -the only loans are scheduled to be paid by ACH on friday, september 25th and I do not have the money to cover these. It is over $500 in fees. Do I: A. Close my checking account? or B. Bring in the revocation of ACH letters I am emailing tomorrow to my bank to try and block the payments? I only have a few days to figure this one out. I have a call into our State regulatory department to find out more on consumer rights but, in the meantime need some solid advice. Here is what I have so far:
Best Cash Advance - owe $300.00 - pd $90 rollover fees twice
Green Light Funding - Owe $250.00 - pd $74 rollover fees
paychecktoday.com - Owe $300.00 - pdi rollover fee of $90.00
Advance America - borrowed $300.00 - owe $250.00
Star Cash Processing - borrowed $250.00 - pd rollover fee of $75.00 once
pack Management - owe $250.00 pd $75.00 fee once
Loan Shop - owe $400.00 borrowed same amt. pd rollover fee of $120.00 twice
CMG Payday loan - borrowed $250 owe same. pd rollover fees twice.
Salaryfast.com - borrowed $200 - owe same. pd rollover fees once.
National Money Store - borrowed $250.0
Magnum Cash ADvance - Just entered into a payment arrangement with them but do PDL laws also cover installment loans online?
Little loan shoppe - they totally suck and have sucked me dry with fees. I still owe more than what I borrowed and have paid them over $400 on a $400 loan. Not sure how to tackle them as they are not a "payday" loan but state installment loan.
I will need address to all of these places if you have them but I don't think I have enough time to revoke ACH Authorizations by Friday with these companies. Should I go to the bank and what other advice do you have? MANNN.....I will NEVER do this again. These things are awful.
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