From How to Get Out of Debt

I live in CA. I took out 9 payday loans. I have been paying nothing but interest and finance fees. From what I understand, it is illegal to have more than one payday loan out at a time in CA. Does this negate my other 8 current loans? None of my lenders are in CA, [...]

Read the full article at GetOutOfDebt.org, click here: How do I get out of this payday loan cycle of doom. – Joe

From How to Get Out of Debt

“Dear Steve, We are in payday debt hell, owing a current balance of $7461.92. We have a montly income of over $6,000 with monthly household debt of approximately $3,000. We are in this situation for several reasons, all my fault, bottom line. We should be able to live very comfortably; actually we have a mortgage, [...]

Read the full article at GetOutOfDebt.org, click here: How Do We Get Out of Payday Loan Hell? I’m a Navy Veteran. – Monica

From How to Get Out of Debt

“Dear Steve, I am at the end of my rope Steve. My finaces are out of the roof. Payday loans have once again become a part of my vocabulary, where I once promised myself I would never do it again, becuase of previous payday loan trouble. So I am back into the trap where I [...]

Read the full article at GetOutOfDebt.org, click here: I’m At the End of My Rope and In Debt to Payday Loans Again. – Nicey

From How to Get Out of Debt

“Dear Steve, i am in 2nd year of credit proposal and got hooked up with wrong person now have pay day loans and at the end of my rope.dont no what to do how can i get out of this mess i make good money but just got to deep. Dont no what to do [...]

Read the full article at GetOutOfDebt.org, click here: I’m Repaying My Debt But Have Payday Loans. – David

From How to Get Out of Debt

“Dear Steve, payday loans after years in some payday loans now i find myself in a situation that i can’t seem to break free of i tried to work out a payment plan with the three of them it’s like i hit a brickwall. do i have anything to say, i want to pay them [...]

Read the full article at GetOutOfDebt.org, click here: How Can I Break Free of Payday Loans Without Bankruptcy? – Mary

From How to Get Out of Debt

“Dear Steve, Our family has had several hard knocks lately which has led me to take out several payday loans to the point of paying ALL of my paycheck every two weeks to the lenders. My husband’s check covered our rent, utilities, etc., but he was involved in an accident and is now unable to [...]

Read the full article at GetOutOfDebt.org, click here: Knocked Hard and Took Out Payday Loans. Husband Now Unable to Work.

From How to Get Out of Debt

“Dear Steve, I will try to be brief: I owe about $12k to installment payday loan companies such as Checkngo. I owe about $2k in medical bills I owe $9k on my car I owe $2k to the IRS (new this year) Credit isn’t great – about 680 but I do have a good job [...]

Read the full article at GetOutOfDebt.org, click here: I Had Cancer and My Husband Was Unemployed. We Are Struggling With Payday Loans. – Kim

From How to Get Out of Debt

“Dear Damon, I’ve got 5 payday loans from the internet totally $2610 in principal. I’m not late or have any late fees, but its starting to catch up with me and I find myself wondering what to do. Do you have a company you trust or some advice on what I should do? Do you [...]

Read the full article at GetOutOfDebt.org, click here: I’ve Got Payday Loans I Don’t Think I’ll Be Able to Pay. – Eddie

From How to Get Out of Debt

I have several payday loans that currently I can’t pay back on time. I have three that are current, within the last 2 months and 2 or 3 that are several years old. I have recently been contacted by 1 of the older payday loan companies for payment. What is the best way to handle [...]

Read the full article at GetOutOfDebt.org, click here: What is the Best Way to Handle Payday Loans I Can’t Pay? – Scott

From How to Get Out of Debt

“Dear Damon, My elderly parents were scammed by a relative without them knowing until the relative died. They were about to lose their home of 20 something years. I could not get a loan to help them because my credit is bad and I am in chapter 13 bankruptcy with 3 more years to go [...]

Read the full article at GetOutOfDebt.org, click here: My Elderly Parents Were Scammed by a Relative. Now They Are About to Lose Their Home. – Maria

From How to Get Out of Debt

“my husband and I are in over our head in unsecurred loans/pay day loans. We do not have good credit. This started when he was unemployed, and now is working but we can’t get ahead with THROWING away all this money to payday loans. Do you have any advise? I have talked with a debt [...]

Read the full article at GetOutOfDebt.org, click here: We Are Over Our Head in Payday Loans. Can a Debt Consolidation Company Help Me? – Laurie

From How to Get Out of Debt

On March 31, 2011 The Center for Responsible Lending put out a publication entitled “Payday Loans, Inc.: Short on Credit, Long on Debt” where they featured a recent study of payday loan borrowers. The CRL tracked 11,000 Oklahoma payday loan borrowers for 24 months from the date of their first loan and revealed their findings [...]

Read the full article at GetOutOfDebt.org, click here: Payday Loans: How Quick Is A Quick Solution?

From How to Get Out of Debt

Bruce Moneymaker, Mike Smith, Michael Bruce Millerd, Fortress Secured, Daniel de la Cruz, Belfort Capital Ventures, Dynamic Online Solutions, HSC Labs, and Seaside Ventures Trust were all charged with unfairly and deceptively billing consumers without their consent, and not providing promised refunds, in violation of federal law. At the FTC’s request, a federal court temporarily [...]

Read the full article at GetOutOfDebt.org, click here: Moneymaker Charged With Tricking People Into Seeking Payday Loans Billed Without Consent

From How to Get Out of Debt

The Office of Fair Trading in the UK, the near equivalent of the FTC here in the U.S. just announced a crackdown on financial services lead generation sites. In the UK, websites that generate leads must be licensed under the Consumer Credit Act. The sites closed by the government were: www.loansfordisabledpeople.co.uk www.samedayloansforpeopleonbenefits.co.uk www.militaryloans.org.uk www.cashloansforpeopleonbenefits.org.uk www.urgentloansbadcredit.co.uk [...]

Read the full article at GetOutOfDebt.org, click here: Lead Generation Websites Closed Following OFT Investigation in the UK

From How to Get Out of Debt

This year at SXSW I had the pleasure of meeting and hearing Ryan Gilbert from BillFloat.com speak at the “Dawn of the Data: Future of Consumer Lending” panel. Ryan spoke of his service BillFoat.com, an alternative to payday loan lending. I remember sitting in my seat, surrounded by other finance thirsty attendees thinking, “wow, this [...]

Read the full article at GetOutOfDebt.org, click here: BillFloat.com – A Great Alternative to Payday Loans

From How to Get Out of Debt

An awesome tipster sent in a recent government report on payday lending contained some interesting facts about the financial health of government security/law enforcement employees. It also contained this gem of a chart showing how banks are profiting more and charging much higher interest rates than payday lenders are. If we use the prevalence of [...]

Read the full article at GetOutOfDebt.org, click here: TSA Employees More Likely to Have Money Troubles and Bad Credit

From How to Get Out of Debt

Had some financial trouble and had a couple payday loans. The payday loans that I had are now unpaid due to a huge unexpected bill. Not long after that I began getting calls from people with heavy indian accents saying that I will be arrested if I don’t pay them money. (one even said I [...]

Read the full article at GetOutOfDebt.org, click here: Had Some Financial Trouble and Payday Loans. – Brittany

From How to Get Out of Debt

Please share your experience with this lender and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this lending company. Here are some potential questions [...]

Read the full article at GetOutOfDebt.org, click here: Payday Loans – Scam, Complaint, Review, or Praise?

From How to Get Out of Debt

Commercial Name: Money Mutual Montel Williams Record Date: 11-8-2010 Network/Channel: WLFL Jerry Springer Show Description: Montel Williams is spokesperson for MoneyMutual.com. Facing unexpected bills. You can get $1,000 by tomorrow. Payday loan. Promotes viewers to forget about overdraft charges, bounced checks, and late fees. Misleading that those apply to the underlying loan. I assume the [...]

Read the full article at GetOutOfDebt.org, click here: Money Mutual Montel Williams – Debt Relief Television Commercial

From How to Get Out of Debt

i have takin out four payday loans with in the last year, and have struggled paying them back.. I do now want to file bankrupsy i am only 26 and my vehicle is co-signed by my parents, and i don’t want them to have bad credit!! what should i do? i was going to try [...]

Read the full article at GetOutOfDebt.org, click here: I’m Struggling With Payday Loans and Don’t Want to Go Bankrupt. – Kristi

From How to Get Out of Debt

On today’s show I talk with Dr. Louis Hyman, an expert in the history of debt. Not only was it great talking with him but we chatted just as long off the air. This is one guy you’ll be hearing more from in the future on this show. We talked about the history of debt, [...]

Read the full article at GetOutOfDebt.org, click here: Debtors’ Prison, Why Creditors Don’t Care if You Repay Your Debt, and Bankruptcy – The Get Out Of Debt Guy Show

From How to Get Out of Debt

The following is a press release from the credit or debt world. The publication of this release by this site is not an endorsement of the release. LOS ANGELES, Aug. 15 /PRNewswire/ — Recently in Colorado House Bill 1351 passed which caps APRs for Payday Loans at a mere 45%, which effectively eliminates the possibility [...]

Read the full article at GetOutOfDebt.org, click here: New Colorado Bill Has Many Payday Lenders Closing or Turning to Installment Loans

From How to Get Out of Debt

“Dear Steve, My husband and I are both diabled senior citizens, we also have custody of a great grand daughter,We are on s.s and receive a small amount fro state to care for her. I am really in a bind at this monent, I borrowed fom the pay day loans over several years, and finally [...]

Read the full article at GetOutOfDebt.org, click here: My Husband and I Are Both Disabled Seniors With Payday Loans. – Margaret

From How to Get Out of Debt

“Dear Steve, With a debt settlement company. I have six items with them. One was just settled. Four of the five left are under $2500. Then one for over $5000. I was told that you could not file bankruptcy if you had payday loans, is this true? Stephanie” The Answer: Dear Stephanie, That is not [...]

Read the full article at GetOutOfDebt.org, click here: My Debt Settlement Company Told Me I Could Not File Bankruptcy With Payday Loans. – Stephanie

From How to Get Out of Debt

Gail wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: How Do I Get Out of the Payday Loan Trap? – Gail

From How to Get Out of Debt

Melanie wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: Citifinancial Cheerfully Lends Me Money But Now I’m So Far in Debt I Can’t Get Out. – Melanie

From How to Get Out of Debt

Some lawmakers argued that the unintended consequences of restricting the interest rate charged by Payday loans would lead to hurt people. Rep. Bill Coley said, “You’ve got the cart way before the horse,” he said, telling supporters they were being pious by trying to protect people from themselves. “Let’s find an alternative where people can [...]

Read the full article at GetOutOfDebt.org, click here: Ohio Passes Bill to Cut Payday Lender Fees After Spirited Debate

From How to Get Out of Debt

While debt settlement companies are furious about pending legislation and feel they have been singled out, the payday lending industry is facing legislation with the Payday Lending Limitation Act of 2010 and that’s not making them happy. Here is a press release from on payday lender. @GetOutOfDebtGuy LOS ANGELES, May 11 /PRNewswire/ — In the [...]

Read the full article at GetOutOfDebt.org, click here: Payday Lenders Fearing Proposed Regulation

From How to Get Out of Debt

Alan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: I’m Way Over My Head in Payday Loans. – Alan

From How to Get Out of Debt

“Dear Steve, In 2008 I began with a debt consolidation company to pay off credit card debt and that has been going very well. We were struggling to pay our bills and the rent so I took out what added up to be about 8 payday loans and 1 installment loan. They all have become [...]

Read the full article at GetOutOfDebt.org, click here: I’m Working With a Debt Consolidation Company But Now Have 8 Payday loans. – Favgirl

From How to Get Out of Debt

Laura wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: I Have 4 Payday Loans, Medical Bills, And It Is Too Much. – Laura

From How to Get Out of Debt

“Dear Steve, i entered a debt management plan about 9 months ago, however i have taken out a further 6 payday loans since, which i am struggluing to pay back, what are my options? my debt os over 15k, should i have been able to take out these loans when in a debt management plan? [...]

Read the full article at GetOutOfDebt.org, click here: I Got 6 Payday Loans While in a Debt Management Program. – Scott

From How to Get Out of Debt

“Dear Steve, I have several pay day loans. I took out the loans so I could make a mortgage payment. I had to make the payment or the mortgage company could have started foreclosure. I honestly want to repay the loans but can’t. I’ll be trapped in the cycle of renewing the loans over and [...]

Read the full article at GetOutOfDebt.org, click here: What If I Close My Bank Accounts Because of Payday Loans? – Cameron

From How to Get Out of Debt

Teresa wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a debt question you want to ask, you can too. “I have a lot of debt. I fell behind after being diagnosed with cancer. All the medical bills were paid at first but I maxed out credit cards and [...]

Read the full article at GetOutOfDebt.org, click here: Teresa Writes In And Asks “What Should I Do Next?”

From How to Get Out of Debt

Arizona Attorney General Terry Goddard filed a lawsuit alleging deceptive business and debt litigation practices against national payday lender Quik Cash (QC Holdings, Inc., and subsidiary QC Financial Services, Inc.). The lawsuit seeks up to $5 million in restitution, asks the court to set aside hundreds of deceptively obtained court judgments against Arizona payday loan [...]

Read the full article at GetOutOfDebt.org, click here: Quick Cash Payday Lender Engaged in Deceptive Business Practices Says AZ AG

From How to Get Out of Debt

“Dear Steve, Payday loan overload. I am broke and getting worse every payday. I am in the vicious cycle of payday loans and i am delinquent on some and they are threatening me with garnishments and employer contact. I can not seem to get out of this debt cycle and it takes all my paycheck [...]

Read the full article at GetOutOfDebt.org, click here: What Can I Do With the Payday Loan Vicious Cycle? – Dodie

From How to Get Out of Debt

I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve Lacy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just [...]

Read the full article at GetOutOfDebt.org, click here: I’m Drowning in Online and Local Payday Loans. I was Referred to Langhorne Debt Solutions. – Lacy

From How to Get Out of Debt

When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms will bank of america negotiate debt – Yes but [...]

Read the full article at GetOutOfDebt.org, click here: Quickies – Bank of America, Payday Loans, Divorce, 401k, Credit Report

From How to Get Out of Debt

Cristy wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: Cristy Has Three Payday Loans And Can’t Pay Them

From How to Get Out of Debt

A little birdie in the wind told me that Consumer Reports is working on an article that involves debt settlement services. This person said they got the impression that the article was going to not be supportive of debt settlement companies, and in many ways, that’s a shame. Settling your debts for less that you [...]

Read the full article at GetOutOfDebt.org, click here: Consumer Reports Debt Settlement Article to Come

From How to Get Out of Debt

Crystal wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: Crystal Went Bankrupt But Did Not Include All Her Debts. She Left Out Two Payday Loans. Oh Crystal.

From How to Get Out of Debt

Jenni wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: Jenni Can’t Make the Car Payment and is Behind on Rent and the Clutch Just Went

From How to Get Out of Debt

I’ve got to be honest with you. While the righteous scream out about check cashing and payday loan stores, I’m not sure I understand all the fuss. Sure I get the fact about fees and I will admit that I’ve seem some sleazy payday loan stores and outfits. But you know what, I’ve seen my [...]

Read the full article at GetOutOfDebt.org, click here: The Good Side of Check Cashing and Payday Loans

From How to Get Out of Debt

Terrance wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Read the full article at GetOutOfDebt.org, click here: Terrance Says His Debt Problems Are Worse Than Anyone He Knows

From How to Get Out of Debt

Is Consolidating Debt the Way to Go? American Chronicle, CA - 21 minutes ago ... the debtor to discharge their debts by filing for payday loans in recent years, offering some contrast to the get-out-of-debt ads we´re bombarded with. ...

Read the full article at GetOutOfDebt.org, click here: Is Consolidating Debt the Way to Go? – American Chronicle

From How to Get Out of Debt

Now that banks have stopped their rampant lending to consumers what should we expect next? Well let’s not be surprised if we see an increase in payday loan or title loan activity. A payday loan is an unsecured, short-term cash advance until your payday. Payday loans are typically hyped with payday lenders saying things like: [...]

Read the full article at GetOutOfDebt.org, click here: Payday Loans and Cash Advances