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I owe about 5 different pay day loan companys but can only pay one off at a time what do I do? I have already closed the account and everything just need to now what to do, I can only pay one off at a time.
Only pay one off at a time.
Where do you stay? Are payday loans legal in your state? Give us more information to get an appropriate answer.
What state do you live in? What are the names of the pdl companies? Are your lenders licensed in your state? If not, then you owe them nothing more than the principal balance. But if they are licensed, then you are liable to pay them both the principal and interest. In this case you may try to negotiate with your licensed lenders and set up a payment arrangement with them.
Which is the state you are in? In the meantime try to find out if the lenders are licensed in your state.
If possible, then get a consolidation to pay them off (provided these lenders are licensed ones and payday lending is legal in your state). If not, then do as directed by the above posters.
Please be sure whether payday loans are legal at all in your state. If yes, then try payday loan consolidation.