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After my husband lost his job, I got into the internet payday loan trap and now have 5 internet payday loans. I owe, Ameriloan, $650/0 paid, United Cash Loan $500/$ $260 paid in interest, Sure Advance $400/ $270 paid in interest, GECC $450/$250 paid in interest, and PayDayOne $$850/ $900 paid in interest and rollovers...ugh. I live in Tennessee and need to find out what my options are. I have spoken with an attorney and he says close my account. Also I spoke with Progressive Debt Relief and they can help me settle. They have a C rating with the BBB. Any suggestions? I do not want these bottom feeders calling my work.
DO NOT WASTE YOUR MONEY!!!!!! What state are you in??
Ameriloan....illegal tribal.
United Cash...illegal tribal
Sure Advance DE based...illegal in most states
Paydayone..now Rise...legal in some states
GECC...do you have the full name?
http://www.creditmagic.org/repair/about33804.html Follow this link to secure your account. For the legal lenders, call/email their corporate offices for EPP...extended payment plan.
Most of your lenders are illegal. You owe them nothing more than the borrowed amount. In this case closing down your old bank account would be the best option for you. Ask them for the refund, if you have overpaid them. As far as the legal loan is concerned, you are liable to pay them both the principal and interest. In this case you may negotiate with your licensed lender and try to set up a payment arrangement with them.