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I have two payday loans out that I have been extending and extending. My paycheck keeps shrinking. I was considering using pdl assistance but I couldn't find any info on them in the BBB.
My loans:
My cash now: 538 internet based. I've already paid 500+ towards this loan and I haven't even made a dent in the principle... I still owe 538 dollars
Payday loans: 500 internet based which is now over 600 bucks
I'm located in New york. Any help or insight is greatly appreciated... I'd like to fix this before my next draft cycle. i was thinking about just signing up with a consolidation company.
Don’t hire a debt relief company as all lenders in your state are illegal. Payday lending is prohibited in New York. You owe them nothing more than the principal balance. No interest, no fees. Simply close down your old bank account and open a new one to stop debiting money from your account.
exactly right
for one your loan to my cash now is paid as that 500 plus went towards the principle.now do as the poster above advised.close your account and open a new one.next go to the sticky in this forum titled(dealing with illegal lenders)di that knowing you paid MCN,and most likely paid the other one.
In case of illegal payday loans, it is better to seek help of the debt settlement companies as they will waive off a certain portion from your outstanding balance.