how to get out of payday loans

Welcome jackragan! Somebody will be in contact with you to discuss your situation and options. In the mean time what state are you in and are these internet or storefront pdls?

both

Here is the link to get your state's pdl laws:
http://www.paydayloaninfo.org/
As for the storefronts, you will need to make payment arrangements with them, they are licensed and they can take you to court to get a judgment against you. Now the internet are different, they are not licensed and this gives you room to make settlement arrangements with them. I highly suggest that you file a complaint with your AGs office against them. Then you will either need to block them from debiting your account or close and open a new account. What state are you in, it would help to know this, to give you more accurate advice in your situation, laws vary from state to state. If you have been paying roll over fees for a period of time it may be that you have already paid back the principal and legal interest rate allowed by your state and you could demand they mark your account paid in full.

Don't take a new loan for paying the existing debts. In case, you miss one of the payments, you will be surprised to see the debts multiplying faster. Use other options like a debt management program. They give better results.

Banks offer loans to people with good credit and with good packages. Since your credit scores are not good, you will get the loan at highest interest rates and if any company is giving you the loan, research on them first. Most turn out to be scammers.

i have internet and storefront loans. i live in texas,

Here's the link for tx pdl laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=TX
Which internet pdls are you dealing with and how long have you been paying on them?

paday ok- 2months, cash in a wink- 1 month cash supply- 1 month.

Sorry, should've also asked how much each loan was for. Cash Supply's corporate offices are located in Atlanta, Georgia. And if you still owe them and they say send a moneygram, don't I have the physical address where you can send a money order.

ive read were people have sent letters to some companys to get out what letter did they send.

Here's the link, you will need to insert your state's pdl laws.
http://pollyandsay.yesdebtfree.org/template-letter/

i borrowed 1000 from 1 storefront and have been paying them about 400 the last 5 months .i know thats stupid but i dont know what else to do.

That letter worked for me so far. I was dealing with one of the worst (CASHTODAY), and since sending the letter multiple times, they haven't called or emailed for almost 2 days. If you have never dealt with this company, that 2 day record is AMAZING..

I am so sorry I ever got involved in them now I feel like I am trapped for life. I am fixing to just not pay all my bills for a month and give them all my money just to get out of it. But before I do I would like to know what payday loans are not legal in my state. Can anyone help 10 dollar payday, paydayone, paydayselect, gfs, loan shop or xpress cash.

mom, what state are you in?

http://www.paydayloaninfo.org/ Please read this thread and click on your state and it will give you the laws. Please list the amounts that you borrowed and how much you have paid back and which borrowers you borrowed from. Someone will be along to answer your questions. You are not alone in this, we have all been there.

ladybug

Just by looking quickly, I can see that some of these are illegal pdl's.

I just found out that in my state, anything over 30% annual interest is illegal. I am going to tell all these Pay day loans to blow it out their ****. I am not paying them a f----- dime back now, especially after the triple digit.interest they stole from me. This site just made my day. :D



[color=Red]****Adult term removed - Jason[/color]

jim, glad we could help! :D If you need anything, just come on back and post!

I am in desperate need of advice. I am a single Mom, live in VA, my ex-husband suddenly stopped paying me the $600 a month child support, I panicked and got 4 pdls.
Cash 2 U- $400- pay $60 every two weeks
Check into Cash- $500- pay $75 every two weeks
Quik Cash- $500- pay $75 every two weeks
Check N Go- $500- pay $75 every two weeks

With these paymenst I can't afford to pay anything on the pricipal amount, it is a never ending circle. The top two pdls I have been paying on for nine months! The bottom two I have only been paying on for about three-four months. What can I do? It seemed like such a huge help at first but now I can't get out!

The last 3 companies you listed are going to be legal.

The best thing to do would be to ask them about an Extended Payment Plan. They are CFSA members and have to offer it. The catch is you must enter into the payment plan at least 1 business day before your loan is due.

I currently have 3 payday loans two of which are from magnumfunding.com, unitedcashloans.com and I can't get rid of them. I got one and then another one to pay for the other one and then another one. I live in AL and have looked at the site but can't say that I completely understand what my rights are. I just really need help. Is there any way to ease this burden?

Kae can you list each payday loan with how much you borrowed and how much you paid back so far. It looks like you are in Alabama so someone should post the laws for your state soon. Best of luck.

I got into some financial trouble and now I have 7 internet payday loans and I can't get caught up enough to get out of them I need help or I'm going to lose everything! PLease!

go here creditboards.com and read my story under keli449 it will be ok

Please do not go to another site.

This site is perfectly capable of helping you with your payday loan problems.

Can you please list some info for us?

What state are you in?

Are these internet loans or storefronts?

How much did you borrow on each loan?

How much have you paid back so far in fees?

North Carolina
Internet loans
5 of them are $300 with $90 interest
1 of them is $500 with $80 interest
1 of them is $700 with $187 interest

Have paid nothing but interest on these

nothing toward principle....can't afford it

here are the Payday loan laws North Carolina here (just select your state). Please tell us the names of the lenders and the TOTAL paid to each.
these loans are not legal in your state.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

thanks for the info. please let us know how much you've paid on each of those...even if it is just interest. Also need the names of the companies. Someone will be along shortly to post your state laws.

on your coat tails kash!!

great minds think alike

I know you're right!!

ameriloan 180.00 in interest
paydaymax 89.78 as of tomorrow
paychecktoday 90.00 as of tomorrow
usfastcash 180.00 as of tomorrow
quickest-cash-advance 270.00 as of tomorrow
paydayservices 374.00 as of tomorrow

i think i have another one but i can't find the info on it. i think it was for 300 also

thanks,
yippee300

Ok, One more time'
How much was the loan for/
How much did you pay
ameriloan 180. is that the loan is that what you paid?
Please give us the info the way we need it.

sorry!

ameriloan 300 loan/180 paid in interest as of tomorrow
paydaymax 500 loan/89.78 paid in interest as of tomorrow
paychecktoday 300 loan/90 paid in interest as of tomorrow
usfastcash 300 loan/180 paid in interest as of tomorrow
quickestcashadvance 300 loan/270 paid in interest as of tomorrow
paydayservices 700 loan/ 374 paid in interest as of tomorrow

thanks for the info yippee. can you register & then we can look to see if any of these companies are licnesed/legal in NC.

sorry yippee. none of these loans are legal in your state because NC prohibits pay day loans. Basically you'll need file a complaint with your state AG, BBB and the FTC. Please read the sticky on the forum page regarding closing your bank account. After you do that you'll need to send a cease & desist letter to each of the PDL's. On this site we promote paying back the principle only if the pdl is illegal.

Thanks LMK.

i can't close my account, because my paycheck goes in directly! can i put a stop on the loans from coming out of my account? will they sue me?

how do i register?

Sue you for what. These loans are illegal. You need to close your account and open a new account. We have all done it. Your pay check can be put into another account.That is the only way they will stop taking your money. Stopping payment will do no good. these companies use a million different names and you can not tell which one they will debit under. The account needs to be closed and the new account info must never be given out

to register go to the home page and follow the links to register

You can contact your bank & ask them if they can put it on deposit only status or put a hard debit block on it. If the bank will not work with you is there any way you can get a paper check until you can get your bank acct closed? These people will keep debiting your acct otherwise. No they cannot sue you..they will harrass you to death, but they can't sue you. You need to gain control of your money asap!

what do i need to do about my check coming in tomorrow. and how do i make arrangements with them to pay back what i borrowed?

but in the papers i signed it says they will sue me if i close my account. oh jeez i'm terrified

Paula are you Yippee

thanks for registering paula. Kash should be able to provide you with some really good info. She has been on this site for a long time. Take a deep breath, no body is going to sue you or take you to jail or anything else. Is there anyway you can get with your payroll dept today & ask for a paper check instead of it going in direct deposit?

no one will sue you. All loan docs say that. Dont be terrified, they are breaking the law not you. They are illegal, how can an illegal company sue you? They cant. So just relax.
After your account is closed you will make arrangements to pay the balance on the one loan you owe and you will start to get letters out demanding refunds on the three that you have overpaid on. Just take care of your account. That is the first thing.

yes! I am yippee! my check is already at the bank waiting to be deposited tonight at 12!

ameriloan was not supposed to take money out until tomorrow, but they drafted it today instead. i am so screwed!

Will you have enough money to live on after the pdl's take their share tomorrow?