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Payday loans

Submitted by on Wed, 01/16/2013 - 12:50
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I have six payday loans and just lost one of my jobs, which will make it impossible for me to meet my payments.  I am going crazy thinking what to do so they do not debit my bank next week and I will be left with $0 dollars. It is Wednesday and I get paid next Tuesday. Please advise me what to do.


Who are your lenders? Are they legal in your state? How much have you borrowed from the payday loan lenders? If the payday loan lenders are illegal, then you only have to pay back the principal amount.


Submitted by ditchdebt on Wed, 01/16/2013 - 20:10

ditchdebt

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If you want to stop them from draining your bank account, your best bet is to revoke ACH in writing. Beware of the fact that this will in effect, force the accounts into collection and you will have to deal with them.


Submitted by Steve Barris on Wed, 02/20/2013 - 22:18

Steve Barris

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