Where this Forum Should Go

Amen, ks
that shaming factor never comes out. I know I would have been embarrassed to share the dirty secret with loved ones or with people I work with.

You are so right! There is nothing that will shock us here.

I will never forget the humiliation. I felt like a deadbeat, like a piece of trash. I sat at home and smiled..I lied to my husband, for 6 months I hid those 6 pdls, just kept juggling money around so he'd never know. I was a lousy wife and mother. When it finally blew up in my face and I came clean, the relief was amazing. Within 4 months, with the help of this site, I was back on track again. Today, a year and a half later, things are better than ever..It's like it never happened. But I won't forget..I can't.

What a great thread this is on this day!! The true feelings coming out on this sentimental day..

Pdl sucks! More people need to educate themselves of the horror stories on pdls. The shock rate has to go down

I totally agree! I still am embarrassed and keep hoping not to many people find out what I did. It was hard enough to explain to my adult children. For me it's only been 2 months and I still have a listtle fear of what will happen if I can't make them go away, etc. But I do understand the need to fight back and get the word out!!

Here is my sorry story:
I discovered that first PDL years ago at a storefront and was thrilled to walk out with $255 on the spot. It was a sleazier storefront and it gave me the creeps to walk into it. I was freaking out when two weeks rolled around and it was time to roll over, and discovered that you could have more than one PDL: surprise! Pretty soon, I was in to the tune of 10 PDL's: 5 storefronts and 5 IPDL's. I would spend all of the first Saturday after payday going to my storefronts and rolling them over. And don't get me started on Sonic! I used to sweat blood waiting for that $800 loan to clear.
I lied to my family and even rolled over Sonic when I was back East for my father's funeral. Cashtoday called me at home on Thanksgiving Day. I still wasn't done yet. Everytime I tried to get out, circumstances forced me back into it.
How do we fix this? Part of my problem was not being able to apply for conventional credit sources. Maybe that would be a step??

Here is what I did: 4 years ago I filed bankruptcy at the urging of an ex boyfriend I was living with at the time. Little did I know it was just so I would have more available cash to hand over to him. After I found out what kind of a relationship I had with him...I moved out. On my own for the very first time..no husband, boyfriend and adult children on their own. I went a little crazy with my credit cards...setting up my first apartment just for me..at 53..LOL. Well about 1 1/2 ago I found myself too short to pay a bill...I don't remember now what it even was. But I had gotten a couple of emails about payday loans so I did it. In the next year...I borrowed and paid back several different loans. Then I had a car issue...borrowed to cover that and before I could pay that off...another bill came due and I could't manage paying everything and the loan...so I took another...I ended up with 10 by last fall.Then in November after a routine medical exam they found something. I am currently fighting a pre-cancerous cervical condition. I had surgery in December to remove the cells and just found out 2 weeks ago they are back. But in any case...now I had medical bills too!!! By April of this year I was so buried trying to balance everything...$700-$800 was coming out of my pay every 2 weeks which didn't leave me enough to pay the rent or regular bills...and forget about eating!! I started a dmp and found this site all in the same week. I have said before, the night I found this site I sat up reading till 2 am!! And it was the first night I slept sound in about a year!! I know that my biggest enemy has been not understanding the implications of finances and my credit. Now I am consummed with learning as much as I can and keeping others from making the same mistakes.

Well I cannot contribute on a personal level what pdls do to a person.I have read your stories and helped numerous people when the bottom falls out and collectors are trying to scare the crap out of you.This type of loan should be illegal in my opinion because if you do the math with the apr & fees,it would scare the heck out of you. I believe that the Us Government should look into loan programs similar to a pdl but with reasonable fees & interest. The lenders would register with the regulating agency and agencies rules would be legal in all states in our country.I do understand there is a need for short term loans for individuals who are unable to qualify at banks,yet these individuals should not be trampled financially because of their need for funds.

Very well said, Cajun. And what also needs to happen is education! That's the only way you won't get in this situation.

I defintely agree. That's exactly what I also said in my letter to my state's attorney. They should teach fiscal responcibility in school...long before you are ready for your first charge card!!