Payday Loans
Date: Tue, 03/05/2013 - 12:38
OK, so i have 4 payday loans currently and live in RI. From what I have read on here RI is kind of PDL friendly. I am trying to figure out the best way to get out of this losing battle I have managed to get myself in.
One of the PDL's is an online one and i have sent them a cease and desist from ACH withdrawals and closed my account. This one is CASHYES.COM, which from what I have ben reading is bad news. The initial loan was for $1250, i know a lot. I have since paid back that amount and then some.
The other 3 are all store fronts and all for $450 each. It is a crazy cycle and i have no clue how to get out of this. Eevery 2 weeks I have to renew these loans and pay fees each time. I need to get rid of these.
What would best course of action be??/
One of the PDL's is an online one and i have sent them a cease and desist from ACH withdrawals and closed my account. This one is CASHYES.COM, which from what I have ben reading is bad news. The initial loan was for $1250, i know a lot. I have since paid back that amount and then some.
The other 3 are all store fronts and all for $450 each. It is a crazy cycle and i have no clue how to get out of this. Eevery 2 weeks I have to renew these loans and pay fees each time. I need to get rid of these.
What would best course of action be??/
Forgot to mention who i owe
Forgot to mention who i owe and how much;
Advance America $450 + $45 fee for total of $495
Check N Go is same as above
123 Cash is also same as above.
Cashyes.com was originall $1250 and have paid that plus more. as mentioned above I e-mailed them cease and desist for ACH and closed bank acccount.
Advance America, Check N Go
Advance America, Check N Go and 123 Cash are licensed lenders. So you are responsible for both the principal and interest. In this case it would be better for you to negotiate with your licensed lenders and set up a payment arrangement with them.