what should i do?

You haven't mentioned the state you live in. Payday lending is not legal in all the states. If they are illegal in your state, then you will be liable for paying only the principal balance.

However, if the payday lender is legal, then you will be liable for paying the principal balance as well as the fees and other charges. If the payday lender has really sold off your debt account to a collection agency, he won't negotiate for the payments with you any more. It is the collection agency who will deal with you in this matter.

I will suggest you to wait for some time and check out if you receive any call from the collection agency. If you don't receive a call, you can check out your credit report in order to find out if the collection agency has reported anything to the credit bureaus. If they have reported anything to the credit bureaus, then you can find information from there itself.

If the collection agency demands a huge amount from them, then you should try and negotiate with them so that you don't have to pay much. You can even go for the option of debt settlement in order to get rid of your debts.

What state are you in? Who are the lenders, amounts borrowed, amount paid back?

yes please answer aubry's questions as they are important.btw i do know titan is not legal in any state therefore you only owe the principle,and anything debited in "fees"gets deducted from the principle.again please answer aubry's questions.it will help us help you.

i live in massachusetts. i originally took a loan for $300. i have been paying back $90 every two weeks since February.

i really wish i had found this website last week - i paid out about $4000 this past week to get myself out of all the debt i had accrued. now it looks like most of those companies are not even legal...

as far as titan goes.you have overpaid.demand a refund and don't accept anything less.please provide this info.

1)names of your other lenders
2)amount borrowed from each
3)amount debited by each prior to default

i can tell you this.if the others are similar then not only do you not owe,but you are due refunds,but i need the info requested above to be sure.

thank you so much for the replies. i will look up all the amounts i borrowed and how much i have paid back and post them later.
is it actually possible that i might be able to get some refunds? even though i have already "paid in full"??

some do,some will fight you and claim alot of outrageous stuff to justify you paying the amount they claim you owe.just know that they will threaten everything,but be able to do none of it.but yes pursue refunds if you overpaid the principle.

these are the loans i have/had:

titan group - principle was $300 - have paid back $540 in "rollover fees" - defaulted

pack management - principle was $300 - paid back $540 in fees, just paid $390 to pay off debt /close account

Advance Me Today - principle was $500 - paid back $600 in "rollover fees" - just paid $427.14 to pay off debt/close account

Eastside Lenders - principle was $400 - paid back around $550 in fees - just paid $487.50 to pay off debt/close account

Cash Cure - principle was $300 - paid back $480 in "rollover fees" - just paid $506 to pay off/close account

Star Cash - principle was $325 - paid back $425 in "rollover fees" - just paid $430 to pay off/close account

Sure Advance - principle was $500 - paid back $625 in "rollover fees" - just paid $937.20 to a collection agency because the loan defaulted

Cash Direct Express - principle was $450 - paid $650 in "rollover fees" - just paid $655 to pay off/close account

One Click Cash - principle was $300 - paid $540 in "rollover fees" - just paid $510 to pay off/close account


i can not believe how much money i have given these companies!!!!! disgusting.

All of your loans are illegal. They charged over the legal limit for interest, they are not licensed. Go to http://www.paydayloaninfo.org/state-information/29
and read about payday loans. All internet payday loans are illegal unless they are licensed.

You should send them letters demanding a refund for what you overpaid. Also on the above site is a place to file a complaint. You can do that and possibly attach a copy to the letters to the lenders. Maybe that will convince them to send you a refund.

Thank you so much for the information Aubrey. I am currently in the process of filling out the paperwork to report each of the companies that I used for payday loans. I am wondering if there are formats of demand letters on this website. I am unsure of what information I should include and how to best address the situation with the companies.
Thanks!!!

Oops...nevermind. Just found the letter I was looking for!!