HOW DO I STOP THE PAY DAY NIGHTMARE

I will post the state laws for you. In MD these loans are illegal, so you are only obligated to repay exactly the amount that you borrowed. Please list how much you borrowed from each lender and the amounts that you have paid back to each .You will not be able to close your account because it is over drawn but you need to put a hard debit block on it asap so no more money can come out.

Maryland State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II ???? 12-301 et seq.

Small Loan Rate Cap
2.75% per month; 33% per year.

Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy
Regulator????????s Website
Complaint Form
Complaint Instructions
Online Resources:
Consumer Credit - Publications

There are two companys that specialize with PDL help. They are Langehorn debt solutions and PDL Assistance.

If the loans are illegal in his state it will be easier and cheaper to do it by himself.

kashzan is correct. If you want to do it your self there is tons of helpful info on the Pay day loan forum. If you don't want to bother with the work thats involved doing it yourself than hiring either of these two company's are always an option.

UNITED CASH 200.00
TOTAL LENDING 300.00
AIP 200.00
UCFINANCIAL 300.00
NAT'L MONEY STORE 200.00
EASTSIDE LENDERS 300.00
500 FAST CASH-390.00

UNITED CASH 200.00
TOTAL LENDING 300.00
AIP 200.00
UCFINANCIAL 300.00
NAT'L MONEY STORE 200.00
EASTSIDE LENDERS 300.00
500 FAST CASH-390.00

How much have you already paid back.

IS PDL Assistance new or is that T &C?

PDL Assitance is relatively new. They have been in bussiness for about 6-8 months.

If these loans are illegal in your state and for the most part uncollectable , why would you even think of using a consolidation company. You can do this on your own and save a lot of money. These people have lent to you illegally.

sjh7655 Kashzan is right, please don't waste your money on a consolidation company when you can do this yourself. :)

I live in NJ, where they are also prohibited and I'm find it's not so bad. I have two left and only one is giving me trouble (and it's nothing I can't handle!) :)

What are the laws in NYS?

Prohibited. I had 5 when I came here in February. I am totally PDL free since beginning of May. Close your bank account. Get the C and D letter and send it out to the PDLs. I could copy over what I sent if you would like. Then file complaints with the AG, BBB and FTC and then contact their processors. Then let the PDL you have done all this. You should be PDL in no time at all, especially if you have already overpaid. Remember they are ILLEGAL in NYS. That is on your side.

I just signed up with PDL, but still feel sick to my stomach about this whole mess.

I see you recommended a hard debit block?

I have paid 5 of my loans in full by adding up the interest I pay each month! Help.

Does anyone have the number to this bogus company.

I live in New York State and I have three outstanding Pay day loans... are they illegal here as well? If so how do I go about stopping them from debiting my account??
EZPAYDAYLOAN- $375.50
UCF Financial- 300.00
Upfrontmoney.com 300.00

Uc Financial I mean

Quote:

I'd recommend changing your bank account. The AG's office will confirm that you are not obliged to pay illegal lenders back at all and I highly recommend you call the office to confirm that they are, in fact, outright illegal and not pretending to be legal by claiming they are "CSOs".

Step two is reclaiming your money. This will likely require an attorney. If the lender required you to pay via pre-authorized electronic debit, debited to recover from an overdrawn account on multiple occasions, or changed the amount of a pre-authorized electronic debit without 10 days written notice, they could be in violation of the Electronic Funds Transfer Act. You'll have to sue them to reclaim your money, but suing a payday lender is quite satisfying.