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oh boy...

Date: Fri, 02/02/2007 - 09:33

Submitted by bananasx
on Fri, 02/02/2007 - 09:33

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Total Replies: 5


i am in over my head with payday loans. it's getting to the point that they're taking so much interest out of my account that i barely have money for rent. i'm a military man, have fallen on some hard times and now i don't think i can dig my way out. are there any debt consolidation companies out there who can help? one of these companies is Apple Payday, they've been debiting me for over a year now. where is their website? i need to see if i still have a balance with them. i shouldn't, i only borrowed 300 dollars over a year ago..but since then i've borrowed from others to make all of my payments. -sigh- is there any relief?


Hi, welcome to the forums!

You should be getting a call from a counselor to get a free debt consultation. They'll go over the program benefits and answer any debt consolidation questions you may have.

I'm assuming you still have your checking account. Is that still in good standing? One thing I would recommend before going into such program is to find out how much you owe to each of the lendors. In some rare cases, the customers overpaid, and were entitled to a refund because they overpaid. I don't recommend closing your account, but speaking with one of the managers at the lending place about making arrangements could help.

I'd also like to know what state you reside in. Most states have a maximum renewal limit. You say you've been paying a year on a $300 loan, so I'm curious to know how much you've paid on it.

Regards
Mike


lrhall41

Submitted by Teleport on Fri, 02/02/2007 - 09:48

( Posts: 1388 | Credits: )


It seems that you have already paid their loan balance because you are paying since the last one year. Your first step is to go to your bank and get the loan place blocked from debiting in your account. Calculate all the payments done on the account and revise it with your state laws. You will get the legal charges and know how much is paid in excess. Your bank will put a dispute with the company and get back the excess amount.


lrhall41

Submitted by Johnson4485 on Fri, 02/02/2007 - 10:12

( Posts: 399 | Credits: )