pay day loan hell

Of course there is a way out! :D You've come to the right place, Welcome. A lot of us here have been exactly where you are right now, and we understand the emotions your feeling right now. But trust me, there's a light, and you'll see it very soon.

The first thing you are going to need to do is be very specific..Please tell us the name of every comapny you're dealing with, how much the original loan was for, and how long you've been paying on them. Plus, we'll need to know if all of these are internet lenders, and what state you're in. Once we get that info from you, you'll get all the advice and help you need here.

I have been where u r rgardener trust me it does get better I was paying on some of mine since 10/06 so the ones u have been paying on forever u probably have over paid listen to what fins said list them here and how much they were and how much u have paid and what state ur from and u will get alot of very good advice from the ppl in here make sure and include what state u live in and if there all internet or storefront

Thanks for the reply
I live in Ohio and here is my situation. I have been borrowing from everyone to just keep my head above the water but now I think I am in to deep!
VC funding $200/fee 60 since 9/06
Route 66 Funding $200/fee 60 since 8/06
CashnetUsa $500/fee 75 since 6/07
MyCashNow $480/ fee varies since 6/07
SGQ Processing $200/ fee 60 since 2/07
GFS $200/ fee 60 since 2/07
Payday avenue $200/ fee 71.95 since6/07
Zip Cash $300 /fee 90 since 9/06
Epay day $300 /fee 90 since 11/06
Debt Dr $200/ fee 60 since11/06
Electronic Payday $$200 /fee 60 since 11/06
Midland Mark $200/fee 60 since 9/06
Loanshop/redhors 500 fee 50(paid down some)since 3/07
Nation money store 300/fee 50(paid down some since 11/07
GFSIL 200/fee 60 since 11/06
payday ok 500 fee varies since 5/07
payday select 500 fee varies since 5/07
payday select 500 fee varies since 5/07
200cash.com 200/fee 60 since 7/07
Cash point/Dinero Investment 200/fee 60 since 6/07
pay day loan yes 400/fee 120 since 7/07
plus I also have apayday loan thru a store -
cashland 600/fees 89.60 since 6/07
I feel so ashamed of what I have done. I thought I would just be able to get out so easy and then the next thing you know Damn you are in over your head. I have three kids and I am really at the point of losing eveything because of what I did. I dont know what to do and I am afraid now i might end up going to jail or possibly prision over all of this. Really stupid and I dont know what to do. Please help me before I lose everything along with my kids. I already lost my sanity.
Thanks

rgardner - Oh my goodness. You've so overpaid these people. My heart is aching for you. You've been in this cycle way too long & you've paid these pdl's a lot more back. Add up all the "fees" you've paid since 2006 & 2007 and you're still paying. You've paid these people 10 times over. You need desperately to get your bank account under control so these people can not get any more money. And I'm talking ASAP. If these are all internet (are they ALL internet?) you need to go to your bank and close that account. If they won't let you close it (or if any debits will "force" it open - ask them), then put a HARD DEBIT BLOCK on it. No debits will go through. Credits only. Sucks cause you can't use your ATM card or write checks or whatever, but YOU WILL HAVE YOUR MONEY BACK!!! First of all, get your bank account in order now. Close it, freeze it, block it - whatever you have to do ASAP. Honey, add up all the money you've given these pdl's. I'm about to cry. Can someone on here post the laws for her state regarding pdl's, please? We will help you get out of this trap. You've already paid these people WAY OVER what you should have. Okay? You're not going to go to jail. You're not going to get in trouble. We are all here to help you. PLEASE get your bank account closed/froze/blocked ASAP. Then we will proceed from there. We can get your state law posted regarding pdl's and we can walk you through the process of maybe even getting refunds from these places. Please, please listen to me. You've got to get that bank account to the point where they can NOT debit any longer! That is your first step!!! We can help you!

please find your info here http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

There are a lot of users here from Ohio that can talk about the specifics of Ohio law, but they can only charge a certain amount. And they have to be licenesed. I know that CashNet USA is licensed, but most of your other loans are not.

Please read the following link regarding some important information to know before you go to the bank to close your bank account:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

As Cannr said - You desperatly need to get your bank account under control. It really is the first step you must take in regaining control over your finances.

goudah has posted your state laws. FIRST - get your bank account taken care of. Then, go through all your pdl's. It's a hassle, but worth it. You need to figure out how much you borrowed, how much you've paid them, then how much you actually legally owed. I'm telling you now - you've overpaid on a lot of these by quite a bit. You'll be surprised once you have it on paper. But, please, fix your bank account so that the debits won't come out - then figure the pdl money info. and post again. We can help you.

I will keep you in my prayers. I don't have PDL's but I had another problem and everyone here helped me through. Do what the members say. I almost sat here and lost my sanity too!

Please do what they tell you to do and in a few days things will look and be better for your and the children. It is a hassle but you have to do this to prevail.

Prayers are coming your way!

Hugs,

Moki

rgardener1 hang in there take the advice u r given here and follow it I was once where u r but not as many I was ready to kill myself threw all this crao til I found this site and these ppl r very helpful today I received a email from mt oread ventures telling me I would b recieving a refund in the mail for what I have over paid them that was after my attorney general contacted them so there is light at the end of the tunnel when u see how much u actually overpaid them you won't believe it but ur eyes don't lie u will b in my prayers

Rgardner1, hello! I am in Ohio too. You have come to the right place for help and there IS a way out of this. First things first, Cashland and Cashnet USA are both legal. Read the thread on closing your bank account and follow those directions. Once your checks to Cashland bounces, they will contact you by phone. They will want to set up payments and will do so. They will want to take care of it in one or two payments but only agree to what you can comfortably afford and make sure you stick with it because they are legal and they do take people to court. CashnetUSA is another legal one, like Goudah said. They will want a couple of large payments but will take whatever you send them. Just be honest with them and tell them how much and when you will send it. They may tell you it's not an acceptable arrangement but they will take anything you send. Please get your bank statements together and figure out exactly how much you have paid each one of the other places then we can proceed from there. The Ohio attorney general did help me get many of my pdl's settled and paid in full letters and from the looks of it you don't owe lots of these places anything else. Chin up....we will help get you through this!!!!!

If I put a hard block on my account how will I get money out to pay bills? I have a house payment coming out soon? Electric, House insurance. how do I pay these? Also can someone show an example of a letter I need to send to these people to tell them to stop charging my account. Thanks

Is there a way to quickly contact these people that take automatic withdrawls from your account and tell them NOT to this time? That you will have to send them the payment. Explain to them your account has fraudulent charges on it, blah, blah and that you have to start a new bank account. I had to do that with my car insurance, etc., that came out of my account automatically on certain dates. I contacted each one of them and told them the account information they had was no longer valid. In my case; however, I had opened a new account and gave them the new account information. So they were able to just change my bank account information for their automatic withdrawls. Do you have enough time to do that? It just took a couple of days for mine to do it and they sent me verification via mail stating the change. I'm just trying to think of ways to get your bills paid. The best thing is to get a new bank account somewhere else & give that new information to your legitimate bill people to make their withdrawls. If you put a hard block on your account, nothing will go through. And if you want money out of the account with the hard block on it, you have to go into the bank and ask for money. You can't write checks, use your ATM card, etc.

That is great advice, cannr. Rgardner, do you have direct deposit? Check with your payroll department to see if you have enough time to stop it and get a paper check for a couple paydays or at least until you have a new account to deposit it into.

How should I handle Cashland and CashnetUsa? Cashnet is due 7/20 and Cashland is due 7/27. I dont know what to do? I dont have enough to pay them. How do you look up to see if pay day loan companies are legal in Ohio? I dont understand how to look these up. Thanks

Rgardner,
Hey there wow you sound like my husband. I stumbled upson this site probably just the way you did and so far I have recieved excellent information. Posting on here has made me feel much better. I actually read your post and saw how you explained your feelings and immediatly thought of my husband. Even as angry at him as I am for borrowing form them I still can't help but feel sorry for him.

I am actually going through what you are going through as well. I came here in search of answers to my husbands PDL HELL! I also live in Ohio.

He is debted to 4 different ones with amounts of
Cashland 700.00 not sure of fees
Advance America 800.00 total with fees 908.75
National Advance America 800.00 total fees 908.75
Checksmart 800.00 total fees 912.00

We are losing serious money in interest every two weeks.

BUt I am here and I am getting help.

Good luck to you hun!

rgardner - are these 2 pdl's you're refering to store front pdl's????

Yes they are and they are legal ones too. I dont know what to do I am afraid that I might go to jail, lose my job, lose my husband, and even possibly my kids. I have really screwed tings up and i feel like there is no end in sight. I am going to the bank today and put a freeze on my account. I then am going to contact CashNetUsa and tell them of the situation and see what we can do. I dont know what else I can do. Please if you have insight on something else PLEASE LET ME KNOW. I am very depressed and scared if I cant come up to a solution that I might do something stupid. I feel embaressed that I got myself into this mess. I worked so hard to get the things I have and the life I have. Now I have to find a way out! I figured it up last night and I have paid VC Funding a total of $1260 dollars on a $200 loan!!!! How messed up is that? Someone PLEASE HELP, DESPERATE!!! I understand one day at a time I just dont want my family to have to pay for my mistakes.

Please - These are only small loans. They are not worth the stress and worry you are putting yourself through. You will not go to jail, lose your kids, anything like that. You can get through this! Most all of us here have been right where you are and lived through it!

Seriously, don't do something stupid. These places aren't worth it. Follow the advice on this forum - I know Sassnlucy is in your state and has dealt with several of the companies you are. She can tell you what to expect and how to deal with them. The rest of us can give you advice on other things like dealing with your bank account, family, and general support. No one here is going to call you stupid or say this is all your own fault. If so, we would be insulting ourselves.

You can get through this. It will take a little time, but it is very worth the effort.

Did you read the post about closing your account?

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please read that, it is the first step you need to take in clearing up these loans.

The storefronts and the licensed internet companies will be your first priority in paying off. Once they are done, then you can deal with the unlicensed, illegal companies that are gouging you for way more then legally allowed.

Hang in there, you have found a place where everyone understands your problems. We can help you with this. :D

Can they follow you to another bank account? If I only gave them access to my primary account? What happens if I block them? My husband thought it would be a good idea to get a new checking account at a different bank before the s*** hits the fan. Do you agree with him? I have learned a lot form this and now I am just trying to clean it up. I called Cashnet and she sounded so very nice on the phone and told me that I was not the first person who she has had to deal with in my situation. I feel awful about all of this and I wish I would have learned before it was to late. I guess now i will have to work at this slowly. Thanks for all the help. I have a lot of work ahead of me.

Can someone help me I would like to know what I would leagally owe in Ohio if I borrowed $200, $300, $400, $480, and $500 loan amounts. I know that the Ohio laws are on here I just want to make sure my math is right.

Once you have a new account they can not get access to it. I did that too...I opened a new account AT A DIFFERENT bank the day after I closed my "bad" one. Do that and make your money safe so you can start living again. You will have to make payment arrangements on the legal ones..the others and most definitely the ones you have overpaid can just wait. Most of us here have overpaid pdls many times over and are not giving them one penny more. You can do this...we all have been where you are. 2 months ago I thought I owed over 2k in pdls and it turned out I owed under $500. I had 10 and only really owed any money to 2 or 3. There are letters you can find on this site to send to the internet pdls revoking their right to contact you by phone, debit your bank account, etc. Your first step is to get control of your money again...now read the link that Goudah sent you and work on one thing at a time. You didn't get these all in one day and you won't get rid of them all that quick either...

rgardner, your priority right now is the 2 store fronts you have. They are licensed and legal. You need to get them straightened out. I'm sure sassnlucy can help you there, if she hasn't already. But get the "legal" ones squared away. The internet ones are not as important right now. They can wait. Have you contacted the 2 store fronts at all? And have you done anything with your bank account yet? As stated above, sassnlucy can give you advice regarding how to do this properly in your state with the licensed pdl's. Keep us posted on what's going on. And do NOT be afraid to ask questions.

Well where is sassnlucy? I have only heard a little from her. I contacted cashnetusa and told them what was up and she was really nice on the phone. She told me to call back on monday and that they would be able to do something once it went to collections. I told her I dont intend on stiffing them I just need some kind of help making arrangments. She informed me that I am not the first person who has beeen through this and she is sure I wont be the last. I am so glad I called them. I really feel like I am finally taking steps to get my life back. Thanks. Opened a new account at a new bank. They even gave us $100.00 for opening an account with them. WOW!! Talk about luck.

I am really confused because I thought I read in another post somewhere that opening up a new account less than six months old does not keep the prior bank from getting their fees or the PDL's. Maybe it was just the other bank? So I was thinking after reading RGard's last post about opening up a bank account and became puzzled.

So should I and hubby go ahead and open a new account before he closes the one that we have now?

I also have 7 PDL's...well, 6 now b/c I faxed letters to all of them yesterday and one of them stated they will consider my account PAID IN FULL. I'm waiting to hear on the others. I faxed them info on Massachusetts law which limits annual interest to 23%. My dilemma is my next scheduled payments are for July 27th and if the companies are not going to cancel my payments I want to pay some in full. But, I don't want to tell them that yet. I can't close my bank account etc b/c I had some other situation that may make it difficult for me to open another one.

If you're able to - go open a new account at a different bank. If you're unable to - put a hard debit block on your account so pdl debits don't go through. Now, for the person who posted that they want to pay some pld's - do you want the pdl debits to go through? Is that your plan? Or are you saying you don't want them to go through & set up a payment plan yourself?

Redwolf - Yes, go open a new account. I think what you may have been reading was some posts about chexsystems. Some banks do sweeps on new accounts for the first 6 months, and if they find out you have a new chex report, they could freeze and close your account.

Quote:

Can you send me a copy of a letter that you sent to your pay day lenders so I will know what to write I really dont understand all the legal mumbo jumbo. I need help PLEASE!!!

Isn't there some type of letter on a link on here somewhere that rgardner can use as a "format" and tailer to her own needs? I'm sure there is, just not sure where. However, rgardner, if you use a letter as an example, please just use it as that - an example. The letter will need to be tailered to YOUR specific state law, your specific loan amounts, your specific paid amounts, etc. You need to just use it as an example. I'm sure there is a link somewhere on here to a letter. Polly's blog? Anyone? Help?

Should I change my phone number? I know they have my email and they also have my work number. Which wont get them far we have a strick policy about outside calls. I was just wondering what i should do I think it might help.

rgardner, I changed mine just today. I was trying to stick it out since it's such a hassle to change your phone number, but I finally got tired of seeing those stupid calls on my phone and no messages. Just call after call after call. All day long my cell phone would "beep" at me with blocked numbers. No messages. Today was it. I called my phone company and changed the damn number. And, I'm telling you right now, it's only been a matter of hours and I swear to you, I'm already feeling more relaxed. No more calls at night, during the day, etc. I got 2 calls this morning and said "that's it". Got it changed and my phone hasn't rang again! LOL! So if you're just asking for an opinion - mine is go for it. I did it and I swear, that small little thing has helped me relax already.

Rgardner, when I get to work I will send you the letter that I used. Please just tailor it to suit your situation and put it into your own words. If we all use the same letters, these companies are going to catch on. In fact, many of us, me included, have been accused of sending "form letters that are circulating the internet." Big deal, they do the same thing. I think if you are getting a lot of harassing calls at home, I would change my phone number. The only reason I didn't is because my husband wouldn't let me. He thinks that is stupid....I think he's....well never mind what I think of him......

cannr, did you think about changing your cell phone number? I thought it would be a hassle but it really wasn't....I called and they changed it in a matter of minutes and it didn't even cost me anything.

sass, that's the number I changed. That's the number that the pdl's had. Easy, simple. Just cost me to do it. But that's fine. It's worth it to not have it "beeping" at me all the time! LOL! :D

Hey anyone able to help with the next step in taking care of these people? I am lost and I need help. Should I contact them or wait? I thought that I would take care of the store front ones (2) and then go from there, but 200cash.com sent an email and is asking for their money NOW!!! I have not contacted them yet. I was going to send an email stating Ohio law and agree to pay them what I am legally allowed to pay and see where that goes. I sent them a revoke letter for the wage garnashment paper and them replied that I signed it and that if they have to they will take it to court. Does anyone have the exact phone number of someone I can contact at the AG office to contact them about this matter and what I should do. Should I only pay what Ohio legally states that I owe or what? How did you take care of your debt? PLEASE HELP!!!

rgardner, it's okay! Don't freak out! Your pdl isn't even licensed. Do not freak out! You're going to get emails/calls from your pdl's with all kinds of crap. They'll threaten you, they'll lie to you, blah, blah. Bottom line, do not freak out. Don't respond to their email. Stick to your original game plan. Take care of your store front pdl's FIRST. They are licensed and legal. First priority. Then, ignoring the stupid emails from the internet pdl's, you can start writing them all letters stating the law, what you paid, etc.... You know the drill. You can also begin filing complaints against the internet pdl's. However, right now, you're on the right track. Just because you got an email from them, they're not waiting to jump on you. That's their routine. Send out an email trying to scare the crap out of everyone. Don't worry about it. Calm down and stick with your original plan. Just make sure, though, that you do a letter revoking all debit authorization privilidges and wage assignments that you may have signed. Honestly, some of these people claim they will garnish your wages, but they can not actually garnish your wages without a court order. An illegal pdl is not going to get a court order to garnish your wages. Okay? Please don't freak. It's okay. If you have any more questions, please post. Be calm. Ignore the email for now. Let it sit. I'll still be there. Believe me.

Well it has been two weeks and things feel better but they are not. I dont know where I am going now. I feel like I am going crazy. I have to get this under control. This is what I have done: I have a hard freeze on my checking account that I took all these payday loans out with. I opened a new account at a different bank, I changed my home phone number, I talked to my HR dept at work and they are not accepting any phone calls inless it is emergency. I also contacted my store front payday loans but I need to follow up with them to work out a small repayment plan. I contacted my mortage company and told them my situation and they are working with me on my late payments. I know that it isn't much but I do feel like I am getting some where. I do need some help though. I was wondering if someone could tell me if any of these are legal pay day loans in the state of OHIO:
SGQ Processing
MyCashNow
Route 66 Funding
GFSIL
Payday Select
Dinero Investment Gene
Payday OK
Payday Avenue
Zip Cash
E-Payday
Magnum Z LLC
Electronic Pay
Midland Mark
VC Funding
Payday loan yes
Loan shop
yeah I know what a mess. But when you borrow from paul to pay Peter and then borrow from someone else it dont take to long to get in BIG trouble. Please help I need help with the next step that I need to take to get out of payday loan hell.

Thanks to all that reply.

rgardner, you are sooo on the right track. You stick to what you are doing. You've done the bank thing (good), you've contacted your legal store fronts (good), you contacted your employer (good), you contacted your mortgage company (good), you sent out your revoke letters (good). All going well. Do NOT freak out. You're taking care of all that needs to be taken care of. Your pdl's can not get your money. Your store fronts will work out a payment with you. Your employer will not allow you to be harrassed at work. You changed your phone number so pdl's can't call. You're working with your mortgage company. You revoked your pdl's privilidges. You are fine. You can take a deep breath. Don't let the emails from the pdl's throw you into a panic. You're okay. Emails are good. You can let them sit there until you are ready to respond. It's okay to let them wait for a response. Okay? Have you checked at all to see if any of your listed pdl's are licensed? If you haven't, that's okay. I'll check tomorrow for you if you would like. In the meantime, don't respond to your pdl email yet. Of course they're going to demand "thier" money. Expect this from all of them. They will email you to death since they can't get you any other way. It'll be okay. Let them wait until you have the information to respond to them. Post and let me know if you've checked to see if they're licensed. If not, wait until tomorrow and I will check for you and post to let you know. Do not freak. You're okay. We're here for you and we'll help you. You are doing fine right now. Don't let them throw you off track. I'll check on the pdl's for you.

rgardner, none of your pdl's are licensed in Ohio.

I just responded back to westbury Ventures aka VC Funding. I told them that I have overpaid them and I would like me account marked Paid in Full. I also recited the Ohio laws and that they are not legally doing business in Ohio. I paid these people $1260 for a $200 loan. I feel that they have got ALL that they are getting from me! I hope they get the point.

Oh my God. What an overpayment. Vultures. Did you request the PIF via email or did you speak with them? I'm anxious regarding their reply. I'm glad you told them about not being licensed to do business with you. Are you going to attempt to get a refund out of them? Or just a PIF? Please keep us posted as to what's going on. I hear Westbury are awful, awful, awful. :evil:

Rgardner, you have done EVERYTHING so far that you need to. None of those places are legal. Make sure you send that letter to ALL of them. Did you get your AG complaints filed? The AG was very helpful with my pdl's. Westbury was very afraid once the AG got ahold of them in my case.

Well I received 10 emails from William Smith at Westbury Ventures today alone. A matter of fact I think they were a couple minutes apart from each other. What an a** like I am even going to answer him. I have sent my letter and I am trying to get in touch with the AG office to see if they can help. I owe nothing to CASH NET USA!!! WOW what a relief. I also found out that National money store has marked my account PIF! So has 200Cash.com! What a relief. I love you guys for being there when I needed someone to talk to. I have come clean to everyone about my situation and I feel a lot better about everything. I really do feel like I have my life back! It feels so good to be able to pay bills again and not have to worry about how or when I am going to. Thanks a million!

It really is great to see you feeling better and more able to take control. Congratulations!!!!

rgardner, see? Everything will be okay. You were so frantic! I'm so glad you found this site! Makes life so much better to know you're okay, doesn't it? Please stay in the spirit that you are right now. You're doing good and things will only get better. If you have any problems or questions, just come on back and post. We're here for you. :D

Well I dont know what the heck they think they are doing. They claim that they follow Delaware law, well if that was the case then they only allow max loan terms of 60 days!!!! and you are only allowed 4 rollovers!!! so I guess they didnt follow their own rules. What scam artists. I guess I am going to email them that they need to look up their own state laws the next time they want to ask me for more money. By the way can you request a refund of a loan that you paid off, but over paid based on Ohio law? Please let me know soon ----Thanks-----

rgardner, which one are you dealing with that's giving you a hard way to go regarding Delare law? Because they're full of crap. And I want to know which pdl it is. Also, the one you're refering to as overpaying - who is it and how much did you borrow and how much did you pay back?

I had a loan through a company called AIP and I took out the loan on 3/20/07.I paid them $89.00 on 3/30, 4/06, 4/13, and on 4/20 I paid $200.00 plus $89.00. Thus paying them off. I live in Ohio and based on what I am aware of now I well overpaid! I should have only paid $230.00 but instead I paid $556.00!!!

Westbury is the biggest torn in my side right now! I have a couple of loans through them I guess. VC Funding loan was for $200.00 paid them to date $1260. Same for Route 66 Funding loan was for $200.00 paid them to date $1510.00

rgardner, if it's AIP that's spouting the laws of Delaware to you, they are full of it. Did you file a complaint with the BBB? I actually got it resolved through the BBB and I received a refund. However, I still did file complaints with the FTC and my state AG. Do you have the information on AIP to give to the BBB and other agencies? You probably do, but if you need more information, let me know. I have information on AIP. On your other two pdl's, you've, of course, overpaid. However, they are the harder ones to deal with. I personally haven't dealt with them (thankfully), but Route 66 is going to be a hard one to get ahold of, settle with, etc. You definately need to file complaints with the FTC and your state AG on them, big time. It might take time, but they might come through for you.

I was just reading a few posts and ran accross 2 that said AIP was easy to work with and gave refunds...I would go ahead and request it...state your laws,etc. All they can say is no...but if they say yes....there you go!!!

Ummmmmmmm. YES! I got a refund from AIP in the blink of an eye just through the BBB. They know they are wrong. If you've overpaid, send them a letter, file your complaints, and see what happens. More than likely the BBB complaint will be enough. However, make sure you file complaints with all the agencies. They still need to be reported.