any advice please??

DO NOT feel stupid, there is a way out and you have come to the right place, we all understand the situation you are in, and have been there or still are there ourselves, I just found this site a couple months ago, and it is the best thing that could have happened to me. In order for someone to help we need a little more info, please post, the state you live in, who the Internet loans are with, the original amount of the loan and what you have paid so far. Also if you sign up on the site, (it's free) you are entitled to a free debt counseltation. Hang in there, we are all here to help. Post any other questions you may have.

Im from Mississippi
Two payday loans from ameriloan balance: 390 (only paid 90 on it so far) and from Instant Loan Today balance :520 this one is new and i have my first payment on the 15th.

the problem with the free consultation on here is that they will call you and i am deaf so that doesnt help me any.

Here are the laws for your state Mississippi (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Do you know which one of the company's below, you have the loan out with?
The one in CO had their licensed cancelled in 1998, trying to find out if the one in NV is licensed. I'm new to this, but from what I can tell, your state does not permit PDL's to be rolled over. Out of the $90 you paid to ameriloan, did any of it go toward the principal, or did they roll it over?

Ameriloan Inc
5350 S Roslyn St #308
Englewood, CO 80111
Telephone: (303) 649-0136

AmeriLoan
2533 N Carson St
Ste 4976
Carson City, NV 89706
Fax: (800) 475-1379

it was a rollover extension. and im not sure the address, i couldnt find it on the website or my loan documents. It is the second loan ive had with them and the first was paid off with no problems. the website is

ameriloan.com/

Here is the contact info for Instant Loan Today

Instantloantoday.com
369 East 900 South # 324
Salt Lake City, UT 84111
Telephone: (866) 735-4020
instantloantoday.com

I would send both the Internet PDL's letters revoking their authorization to debit your account and revoking any wage assignments you may have signed. If you don't know which ameriloan you are dealing with I guess it wouldn't hurt to send it to both. But I'm thinking it's the one in Nevada. You need to get them to stop hitting your checking account and running up more fees. I do not believe your bank will allow you to close the account with a negative balance, but maybe you can talk to them, and get them to stop the debits to your account, give them copies also of the "Stop Authorization letters". Also be sure to send the letters via certified mail with a return receipt. Keep copies of everything for yourself. Once you get them to stop hitting your account, you can concentrate on clearing up what you already owe the bank, and deal with them later. I am not familiar with Cash Call loans, but I'm sure someone will be along soon to offer some help.

I did go by my bank today to talk to them about being overdrawn and see if we could work something out. They are going to stop the bank overdraft fees so that means it wont go any higher. They told me to come back on the 13th to talk to the account manager. He was at another bank. The woman talked to him on the phone and he said he may be able to help me work something out.

Well that is very good that your bank seems to be willing to work with you. You also need to file complaints against ameriloan and InstantloanToday, file with the Better Business Bureau, your states Attorney General. I don't believe these company's are licensed to do business in your state.

I totally agree with what teria is telling you :lol: . Good luck with your meeting with your bank. I am sure if you have been a good customer they will be willing to work with you by setting up payments.

Hopefully the branch manager can get your account closed so that nothing tries to clear and charge you more NSF fees.

ladybug

Does anyone have a sample of the letter i could use as an outline? Also, how can i find out for sure if these two companies are licensed in my state? It would be handy to know for sure before proceeding.

This is in the loan documents so does this mean they are licensed no matter what state i am in?

I would call the number listed above, in the post of your state laws. They should be able to tell you if they are licensed to lend in your state. Even if they are, it doesn't mean you have to keep letting them suck money out of your account. You still need to send the revoke authorization letters.

The missisippi secrtary of state website can also tell you

Here is a sample to use for your letters....

i should mail or fax this instead of email? Im going to get this done first thing tomorrow. Thanks for your help!

You need to mail them Certified Mail with a return receipt. You want proof that they received the letter, they will lie and say they didn't. It wouldn't hurt to email and fax it also, that way your covered, but the most important is sending it Certified Mail. Good Luck and keep us posted! Post any other questions you may have.

I have my bank statement for the past two months. I am seeing a deposit where it was deposited and on the same day there was a debit for 31.98 for IDProtect right after the deposit from them. Anyone have any idea what this is? I wasnt aware of this debit until today. Its not a big one but im still curious.

I would talk to your bank, they should be able to tell you what it is. I never heard of that before.

Well after being ashamed of telling anyone for the longest time, i finally broke down and told my family what was going on. My mom is going to arrange to give me a loan to even out my bank account and pay off my payday loans. She said once i have my finances under control then i can pay her back. I will still have the credit card and cash call loan to deal with but it is a big improvement and im feeling alot better after coming clean. Im also going to stop my debit card until i learn to handle my money better. Im going to use cash only. Im putting my account on deposit only and stopping all automatic debits to my account. I will begin mailing in payments to the credit card and cash call instead of letting them take it directly from my account. This is all just so i can keep better track of my money and what is spent until i learn better finances. Im moving in with family for a bit until i have everything straightened out that way i dont have to deal with rent and utility bills for now.

Hi Glenda, I am so glad you were able to find help from your family. I know its hard to have to tell mothers our financial problems but we all make mistakes and we learn from all of those mistakes. Don't be ashamed, I had 16 payday loans and I have been able to settle five so far thanks to all the help in this forum, If I would'nt have found this site I would still be over paying all these PDL companies. You will see that everything will work out for you. Once you get back on track with your bills you will have a ne life. Good Luck!

Glenda, I am so happy for you, it's wonderful your family is going to help you out.
I wish you the best!

Can anyone tell me if a person can join a program such as this one once your accounts have been assigned to collection agencies?

Hello, and welcome to the forum. If you give us a little more info, I am sure we can help you out. What type of debts are you talking about? Credit Cards, Payday Loans or ?