Could someone explain it to me in plain english?

Submitted by Anonymous (not verified) on Wed, 12/18/2013 - 12:06
Forums

I currently have 8 payday loans outstanding. I live in NE. The loans are Eastside-650.00, Zipcash-500.00, Upfront-300.00, Payday cash line-300.00, NLS 325.00, VC funding 300.00, ACC-270.00, One Click Cash 350.00. I'm scared & embarrassed that I even got myself & my family into this situation. My husband & I make good money...but now it's all going toward these fees. I've read the laws that were posted on NE, however I don't understand what I'm reading. Anyway someone could explain it to me in plain english? Any help is appreciated!! These are all internet payday loans.

Anonymous. (not verified)

All the above mentioned lenders are illegal in your state. You are required to pay them only the principal balance, nothing more than that. Ask them for the refund, as you have already overpaid them. Close down your old bank account and open a new one to stop debiting money from your account. Don’t share any personal information with them and don’t worry, they can’t do anything.

Fri, 12/20/2013 - 07:50 Permalink

I guess you have understood what situation you're in. Since they're illegal lenders and payday loans are prohibited there, you don't have to worry about any interest rates and fees.

Fri, 12/20/2013 - 09:42 Permalink