Payday loans are killing me.

If it's not too late, go to your bank and stop the ach payments

What state are you in? What are the name of the pdls (are they internet,storefront, or both)?, Is it too late to open a new account somewhere else, and redirect your direct deposit to the new account? This may be the only way to take control of the situation. It also would help to know the names of the companies you are dealing with.

I am in Washington State.

http://www.debtconsolidationcare.com/settlement/about15565.html This link will give you Washington's pdl laws. Is it too late to open a new account at another bank?

can anyone give me MA's PDL laws. ilive in MA, but does is matter what state they r in ?

It doesn't matter what state they are in, they have to follow the borrower's state pdl laws. They will say you signed an agreement saying you will follow their laws, but they can not enforce that because that is illegal. Hopefully somebody will be able to find the law for MA.

Payday loans are illegal in MA. With that said, no loan company should come in your state and lend money to people. Most internet companies do this because they want to charge their obnoxious interests on people. Don't fell into the prey. If you have a loan from any company, pay back the principal amount only. Take the help of your state Dept of Financial Institutions. http://www.state.ma.us/dob

Hey Andrews,

I know exactly how you feel. I was in the same boat with 5 of them up until 2 weeks ago when I found this awesome site!! Now, I am down to one pdl after sending letters revoking the authorization for them to withdraw money from my checking account and to mark me paid in full. 2 of them forgave my balance (which totalled over $1000 in principal) and the others settled with me for $100 each. Cashnet500 are being pains, but they'll come around!! Good luck and use this info you get from here..........it really does work!!

wow wish i was that lucky i have 3 out and they cant seem to help me out very much.

k

Are these internet or storefront pdls?

mine are all storefront. just talked to them and not much they can do for me unless i want to pay half now and half in 2 weeks.

k

Storefronts are tough, some have been willing to work with others on this forum and worked out arrangements. They usually will take you to court to get their money back. Have you explained your situation, pleaded? Sometimes crying a river helps, if they want their money because going to court takes up time and more money for everyone. I think I read a post earlier where somebody sobbed and finally got them to work with them on a payment plan.

they dont care and they said that is all they can do to help me so now i have to find some way to either come up with the money or just keep paying them. or maybe consolidation. that i guess is still and option.

k

What are the names of these companies, and I forget what state you are in. Maybe somebody here has dealt with them and is from your state. I think if you stand your ground eventually they will cave and work out a better arrangement with you, just be persistant.

fastbucks(payday everyday), check into cash, checkmate. i am in colorado. so any help would be appreciated.

k

Follow this link, it will give you a site to go to so you can find out Colorado pdl laws.

http://www.debtconsolidationcare.com/forums/about11772-1.html

hey thanks for that link now what if i have questions about what it says. it says only 40 days? does that mean at one time? i have gone in and paid the loans on time and then took a new one out does it start all over? it also says that 1 out at a time does that mean with 1 company? i know crazy questions but just cruious so that i know what to tell these companies. i have been paying on them for like one for a year at least and one for at least 6 months. just curious and if you cant help who do i contact?

k

I think that if you paid it and then take out a new one then it starts all over again. I believe, I could be wrong, that it means each company can only have 1 loan at a time per customer. It could mean only one at a time period. Anybody else know? I would think that there should be a "cooling off" period in between loans, you pay it off and have to wait 3 days before getting a new one.

I am in Washington State.
Storefront loans-
Advance Til Payday/Advance Til Payday/ Moneytree/Check Into Cash/Ace Cash Advance/RentACenter
Internet Payday loans-Cash Central/Ameriloan/Anyday Payday

How do you cons pdl

SFJ76,
Since you have registered with the site a counselor will be calling you to discuss your situation. How many and what kind of Payday loans are you dealing with..storefront or online?

Consolidation companies will work with you and your payday lenders and come up with an affordable payment amount that you pay either weekly or monthly to get the debts paid off.

I am going through debt reduction services and the first payment is due next month, but I don't have enough money to do stop payments on all of them.

i am in nj how can i find the laws for my state. I have 7 loans and some i already paid the principal, but the companies are saying the monies went to extentions fees only not the principal. i am getting so sick and stressed from the harrassing calls. what can i do, i really can't even afford to do a consolidation. can any one help me.