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I live in Alabama and I currently have 7 payday loans that have drained my checking account. I have closed that account and now they are started with the phone calls, I'm afraid its going to cost me my job and my marriage. Can someone please help me?
What are the names of the pdl companies? Are your lenders licensed in your state? If yes, then you are liable to pay them both the principal and interest. In this case you may try to negotiate with them and set up a payment arrangement with them. If your lenders are illegal, then you owe them nothing more than the principal balance. Contact with Alabama Banking Department to find out the legality of your pdl companies asap.