Hi all, thanks in advance for any advice. My story is not a new one, as we all know..vicious payday loan cycle. Never thinking I owe as much as I do, finally realizing how much I have paid over the months more than triples what I received in the original loan. Was barely keeping afloat until now, my hours have been cutback at work. I plan to get a job to supplement the income, but until then...there is no way to pay these loans. I closed my bank account, and opened a new one. I have 8 ( I Know!) outstanding loans, here is the list, and what I owe. Next to each one, I will guesstimate how much I have paid in interest so far.
WorldWide Cash $289 ( $89)
Cash Transfer Centers $566 ( this year, have paid them over $800 in interest, I'm sure)
Impact Cash $515 ( Over $1000 in interest)
Your Cash Bank $780 ( over $1000 in interest)
Total Lending $195 ( paid part of it off, interst is over $700 this year)
My Cash Time $520 ( over $700 in interest)
National Cash Advance $390 (90)
Urgent Cash Advance $480 ( $300)
I wired National Cash the $90 extension fee, because the "gentleman" called me 3 times at work, left nasty messages on my work voice mail and cell phone, and said he would call my Supervisior and contacts at the end of the week. I am suppossed to send him my new checking account information tomorrow.
Cash Transfer Centers is the most aggressive. Leaves NASTY voicemails, voicemail at work and cell, has already contacted my mother, they say they will not do payment arrangements, if I don't pay $566 my next Tuesday, will be forced to take legal action, call all my friends and family and work. I saw on another post someone with a similar problem, and was given some good advice, hopefully I can do the same.
Your Cash Bank seems willing to work out a payment arrangement, which is good.
I am just so in over my head, I don't know what to do. I realize all these problems are my own, created by me, and I want to pay. I just can't keep paying the way I have been, and survive. I do want to pay them off, just will take a little time.
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