Drowning in PDL's - HELP!
Date: Thu, 08/20/2009 - 13:48
I live in Washington State and have several internet payday loans that I have been paying on and can't seem to get ahead. I have loans out with Magnum Cash Advance where I have paid almost twice the amount I borrowed already, and they are taking out $447 a paycheck every other week, I have a loan with Star Cash Processing, as well as Zip19.com. I was relieved to find out through info in this forum that none of these businesses are licensed in Washington State to do business. I am planning on sending them a letter that I formatted per the template provided for How to Deal with Illegal Lenders. I am planning on emailing and faxing them out tomorrow. Can they still harass me and call my employer even if the letter I sent states that I want them to contact me only via mail and can they also sue me and take me to court or send my accounts to collections? I'm pretty sure I overpaid Magnum in interest and I keep paying Star Cash Processing $90 out of each check for a $300 loan (total paid of $270 so far) and have borrowed $800 from Zip19 and couldn't pay them back in time. Zip19 is asking for a total of $1017 and I have paid them $500 so far. I'm really stressed out....thanks for taking the time to read this and I appreciate any other advice or info you can share.
I have a loan with Star Cash as well, and have paid back at leas
I have a loan with Star Cash as well, and have paid back at least 5 times what I borrowed... how is that legal? What a horrible feeling, right? We can get through this together, I just know it. Hang in there. :)
It's really bad how much they charge. And it really helps to kn
It's really bad how much they charge. And it really helps to know that I'm not the only one going thru this nightmare. After I get myself out of this mess I'm staying away from these PDL companies. Hope your situation gets better too..and thanks for the support!
I am moving this to the payday loan help section so more people
I am moving this to the payday loan help section so more people will see it.