drowning in payday loan fees

[tammychurch]

I'm the poster child for the worst things you can do with payday loan companies, I have 5 I've unauthorized ACH withdrawals from my checking account, I need to know if I have any rights to stop harrassing phone calls and if I can make partial payments to them so as not to be garnished. Is there any stopping these people and they're sky high interest fees? HELP!!

 

[Duranie]

Are you taking these loans? you need to stop. Close your bank account. They make their money off of high interest rates and penalties for not paying back when you are supposed to.

 

[tammychurch]

yea reread i took out 5 ! i need help not scolding!

 

[niceguy11]

Tammy, i had this problem long time ago and they wont accept partial payments bc they are holding your check and that will void that check so they wont have any recourse against you. you can try and calling them and working something out. i dont know what legal rights you have. you can state that you have already paid them in high fees and want to work something out bc you have 5 of them and let them know you have other debt and could be considering bankruptcy.

Also, contact your attorney general, not sure if that will help but cant hurt.

 

[Spring]

Those places are rackets.

Didnt usury used to be against the law?

I feel bad for you, because I know it is desperation that leads people to go to those places, not everyone has generous or well-enough friends or family to go to when they need help.