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I have 7 Payday loans and I live in New York. Here is the list of my loans and what I've paid:
United Cash Loans - 200, paid 665
500 Fast Cash - 400, paid 1420
Ameriloan - 300, paid 885
National Money Store-450, paid 1368
Speedy Payday Loan- 275, paid 0
Payday Loan Services - 500, paid 0
NLS Payday- 275, paid 0
The new ones were taken out because I was 3 mores. Behind in high fees and I was warned that my unit would be sold unless I became current immediately. I need to know how to deal with the ones that have taken huge interest payments and should be considered paid in full. When you make a payment arrangement do you send USPS Money Orders? Prepaid debit card? Which is best?
here
since no pdl is legal in NY you only owe the principle,and any debits get deducted from that meaning you overpaid the first four.go to the sticky on dealing with illegal lenders.follow every step the first is close your current account.then you negotiate to pay the principle only on the last four.the top four owe you so do that and know you pay the ones you owe on your schedule,not theirs.btw yes money orders only.if they won't accept that then tough for them.
Payday lending is prohibited in New York. All the above mentioned lenders are illegal in your state. Since you have overpaid most of your lenders, so ask them for the refund. Immediately 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.
Close down your accounts so that there's no illegal debit from your account. And yes it seems that you've overpaid. Demand a refund as they ought to give you back the money.