Hi I am new to this board and found it in desperation over the weekend. First I am so glad not to be alone. I feel so ashamed and embarrassed and have noone I can talk to or share this with. I am married and a mom of 2 boys, my husband has no ideas of the pay day loan hell that I am in! I have been unemployed for 6 months and that is how the pay day loan hell occurred.
Right before I lost my job I had some unepected expenses and need money fast, I turned to pay day loans. Well it has snowballed out of control because I can not pay my bills so I keep getting new loans to cover the interest to pay my bills. I currrently pay 2,800 in interest and some pay downs and am close to being 30 day lates on my bills and utilities.
First I live in New Jersey and have 10 internet pay day loans
Upfront pay day 400.00 pay 120.00 since December all interest no pay down
Loan Shop 350.00 pay 108 since December all interest no pay down
Little Loan Shoppe 400 pay 175 25 goes to pay down owe 650.00
East Side Lenders 700 pay down 25 per pay owe 600
US Fast Cash
My Cash Now
I am living in a living hell, and dont know what to do. Closing my checking account is not an option because my husband doesnt know whats going on and he would not forgive or understand this. Please help me!!!!!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.