What Happens When You Find Out the Payday Loan Company is Bogus?


Dear Steve,

Covid hit our home hard. I took out online payday loans since my credit isn’t great. Now I am in overdraft every payday because of them. I don’t know what to do since I can’t get help anyplace because of my credit score, and also, 2 of them I feel are the same company.

What happens if you find out 2 of your payday loans are through the same company with different names but are actually a company that is not allowed to do payday loans in my state (Washington)? How do I get out from under their 799% interest they are charging. Its 1st loan, Eastline lending, and another one I have is Zoca loans. I need help



Dear Joie,

You’ve already done the most important part by determining that the payday loan company is not authorized to do business in your state.

The first thing I would do is file a complaint with your State Attorney General’s office.

The AG may do the hard work for you and let the companies know they can’t do business in the state. Once that is accomplished, then you could talk to an attorney in your state that deals with these issues and it might just take a letter from them to wake the companies up that the loans may not be enforcible.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Damon Day - Pro Debt Coach

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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