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I have fallen into the payday loan trap with Cash net USA and Check n go over the last two years. I have extended my loans time and time again, then once paid off eventually just taking another loan out. Is it possible that if I contact both companies and explained that I am in a rut that they will just write my account as paid in full? I have paid them thousands of dollars in interest. I live in Ohio and both companies are legal. I just want it all to go away and be out of the trap! Help!!
pdl
I wanted to look up website for you. The website tells you you have the right to stop the debits of your PDL's (if payments are coming out of your bank account) and you can actually send money orders, to them. Th website is www.paydayloaninfo(dot)org/state-info. If you can't find what your looking for here, let me know and I will look up other information.
Just want it all to go away
Welcome to the forums!!!
Yeah…Both Cash Net USA and Check n go are legal lenders. You owe both the principal and interest. I don’t think they will update your account status as paid in full without paying the full amounts. It would be better for you to negotiate with your lenders and try to set up a payment arrangement with them.