How does a person get on top of this debt stuff?

Captain, You should take a deep breath and relax. Are all of these storefront loans or internet loans. You sgould know that every company must be licensed to operate in every state that they do business, and most are not, making them illegal. Meaning you don't have to pay them a dime. Please tell me if they are storefront or internet.

I, along with the other members here are very knowledgable about payday loans, and I think you will soon feel better after we establish if they are storefront loans or internet loans.

Here is an article that I wrote about internet payday loans:

Internet PayDay Loans are hazardous to your sanity and bank account

We have all seen the advertisements on television, and in pop-up ads online; "Quick Cash!!!" and "All you need is a job, checking account and a pulse." The pulse part is my added sarcasm. Anyway, there are thousands of Internet payday loan companies to choose from if you are ever in need of extra cash; but is it truly worth the heartache. Let me run the most typical scenario by you, and you will see what I mean. I have done a lot of research on this industry, and I must say, if you are not informed of your state laws, you can be screwed out of your money, and it won't end. Now, back to the most typical scenarios that consumers face when seeking an online loan. First you will be required to fill out an online form, with information such as your employment, employment address and phone number, supervisor, your pay schedule, and if you have direct deposit for your paychecks. Then they will have you submit this form by clicking 'submit'. In a few moments, in some cases longer, you will receive an approval in your email inbox. Within a day or two, sometimes three, you will see that this company deposited the amount requested into your checking account. The first payment on this loan will usually be due within a week or two, depending on the company. However, and this is where it starts to get ugly, monetarily speaking. The first payment due is just the interest and fees. The second payment due is also just for the interest and fees, and on and on it goes. Lets say you applied for three hundred dollars. If you do not completely repay this in the first week, this three hundred dollars can turn into three thousand dollars. How can these loan companies charge so much in interest and fees on such a small loan? Simply put, legally they can not, but most consumers, you and I, are not informed of the laws that govern these online crooks. You see, every state has laws, which differ from state to state, but are similar in that they protect the consumer. These laws control how much you must pay back on a loan and how many times a loan company can allow you to 'roll over' a loan. Also, most Internet payday loan companies are not even licensed to operate in most states, or licensed to collect in those states. Lets say you borrowed that three hundred dollars again, but this time you pay back only what is legally allowed. You would end up paying back about three hundred and sixty dollars. That is a huge difference from the original three thousand dollars. The difference is information. The difference is knowing the laws and consumer protection acts. If you currently have online loans which you are still paying on or gave up paying (defaulting) all together, do not worry. Please check with your state laws regarding online loans. If an online loan company is ripping off your bank account by taking money without authorization, then tell your bank to cease any debits from your account, and report the loan company, immediately to the Attorney General Office of your state, as well as the AGO of the loan companies state. You will be surprised at how many online loan companies are already under investigation for stealing, lying, deceiving consumers and so on. If you can stay away from online loans, then that would be great, but if you must apply for one, get informed. Research to see if the online loan company is licensed to even operate in your state. Also, if you do not pay back what you owe, you can not be arrested, like some collection companies try to threaten consumers with. You also are not committing any white collar crimes, another tactic used to scare people into wiring them money. Most tactics used to collect are illegal. If you are ever contacted by either a loan company or collection company, and they threaten arrest or accuse you of any crimes, they are the ones violating the laws. Please get informed. You are not alone. There is no way that I could cover every negative aspect of Internet loan companies, so please visit this site:

Forum with other people dealing with Internet loans
You can join, or remain as a guest, ask any question you wish, and someone with expertise or knowledge of your question will answer it. Also, you can find this site extremely empowering, shifting the balance of power into your hands. Your thoughts?

Written by author Anthony Lemons

hi i got 4 pdl and 2 i can handle i can mail in payments to thoes are thinkcash and paydayselect the other 2 i cant get any contact with at all its like they fell off the earth no phones calls yet from them what happens after that i know they are illegal what should i do about thoes 2 they are BIG and untiedcashloans help

captndumass - Your internet loan can wait. Set it to the side. Your store fronts are your main concern. As long as your bank account is closed (I'm sorry that happened.) these people can not get their money. On one hand, that's good. It helps in the fact that you can make payment arrangements, as they have no other means to get your money. WebPayDay is not licensed. It was one of my pdl's. Don't worry about them right now. Your store fronts are what I'm concerned with because they are more than likely licensed to do business in your state. You're making payments to them? However, one of them refused payment? Is that what your saying? We need to check on the law for your state regarding pdl's. But, you're going to have to pay the store fronts as they are more than likely legal. Post more questions or information and we can help you. char - your internet loans are most likely not licensed to do business in your state. Did you check to see if they were? You're already aware the BIG and United are not. Did you check the others? Have you done anything with your bank account yet so that they can not debit anymore? Please post more info. Such as how much the loans were for (principle amount only) and how much you have paid so far. We can help you, also.