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I now have 4 payday loans. I live in Florida, and didn't know you can only get 1 for $500. I have one from a store front, and 3 from the internet.
Advance America-store front-$500.00 (charges $55 per advance for 2 weeks) I have probably paid out over $1000 to them in fees
Cash Net Usa- on line-$500 (made 2 payments of $117 which was fees only. paid nothing toward the advance. Paid off the original advance because i had to, but readvanced because i couldn't afford to pay it off!)
Emerald Marketing- online-$300 (have made one $90 payment so far)
United Cash Loans-online-$300 (made one $90 payment so far)
I can't even get ahead on my regular bills because I spend all my extra money paying just the interest on these loans!!!! Help, Please!
Advance America and Cash Net USA are licensed lenders. But United Cash loan is an illegal lender. You owe both the principal and interest to your licensed lenders. In this case you may try to negotiate with your licensed lenders and set up a payment arrangement with them. As far as the illegal loan is considered, you owe them nothing more than the principal. No interest, no fees. 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.