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have about 6 payday loans (online and locally) that are almost all in default. Some are threatening garnishment and others are harrassing me at work and home. I don't know where to start to dig myself out of this hole I have dug for myself. I am worried every month if I will be able to pay rent and basic expenses. I need help and quick! I live in Colorado and the loans are as follows:
Online
Cashnetusa - $700.00
Paydayavenue - $575.00
Oneclickcash - $575.00
Local
Checkmate - $555.00
Money Tree 0 $350.00
Cash Net USA- legal lender
One click cash - illegal lender
Payday Avenue- illegal lender
Check mate- legal lender
Money Tree - legal lender
You are liable to pay both the principal and interest to your licensed lenders. In this case you may try to negotiate with your legal lenders and set up a payment arrangement with them, if possible. As far as the illegal loans are concerned, you are required to pay them nothing more than the principal balance. In this case it would be better for you to close down your old bank account and open a new one to stop debiting money from your account.
How much did you pay them? Just make sure you demand a refund in case you've overpaid.