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Help getting rid of payday loans



mkrewal

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Sub: Help getting rid of payday loans
Mon, 10/10/2011 06:16

Please help me with getting out of this payday loan trap. I've tried everything that I could to find a loan to wipe them out. Now I have ten of these blood-sucking loans. I can't pay my bills and I'm working overtime just to pay their financing fees not even reducing the actual amount. I know I've paid them ten fold. I have only one store front here in Tampa, FL all the other ones are internet. I feel so awful that I have got myself into this mess. Do debt consolidators help? Everytime I search the internet I get more of those offers instead of help.



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OhioGal1
OhioGal1


Debt Samaritan
Posts: 5217
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Sub: #1 Since your lenders are all legal, you have limited options. I Mon, 10/10/2011 - 06:16



Since your lenders are all legal, you have limited options.

I suggest you go into each store and ask for an extended payment plan. Those with a CFSA logo are required to give you one in accordance with their membership. The others aren't. CA stipulates repayment plans are voluntary for the lenders but no fees can be charged if they do agree.

If you can't work something out with them, you can try having the regulatory agency listed below contact them on your behalf or at least get some additional advice.

Also, keep in mind that, sometimes, it's better to default and work out a payoff with the collections department.

California Department of Corporations
Financial Services Division
1515 K Street, Suite 200
Sacramento CA 95814
Phone: (866) 275-2677

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


tommyhtruong
tommyhtruong
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Sub: #2 Need help also!!!Fri, 09/30/2011 - 10:13



I really appreciate if anyone can help me figure a way out of my mistakes.

I reside in California
All my payday loans are storefront.

Check N Go
$2600
Cash Plus
$300 - $40 fee every 2 weeks.
Check 2 Cash
$300 - $45 fee every 2 weeks.
Check into Cash
$300 - $45 fee every 2 weeks.
California Check Cashing
$300 - $45 fee every 2 weeks.
Fast Auto Loan
$299 - $39 fee every 2 weeks.
USA
$200 - $36 fee every 2 weeks.

I really appreciate any information and help.


OhioGal1
OhioGal1


Debt Samaritan
Posts: 5217
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Sub: #3 Anonymous, Please supply the following information so that we Thu, 09/29/2011 - 09:02



Anonymous,

Please supply the following information so that we can help you:
[INDENT]The state in which you reside
Name(s) of each lender
How much did you borrow from each lender?
How much have you been debited or paid thus far to each lender?
How were each of your loans obtained (internet or storefront)?

[/INDENT]Losnif, AG stands for Attorney General. You need to file complaints with your state's Attorney General's office.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


losnif
losnif
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Credits: 226.3 Send message to losnif

Sub: #4 What is the state's AG office? I'm drowning in them and just cloThu, 09/29/2011 - 08:26



What is the state's AG office? I'm drowning in them and just closed my account


Unregistered

Sub: #5 help!!!!!!!!!!!Thu, 07/30/2009 - 18:02



well im not sure if this will work but i will try....i need help with finding out how to pay my pdls. i have 6 of them from different stores andd i live in saint louis missouri. i have no clue what to do......its soooo depressing and im lost and alone......someone please help me


Unregistered

Sub: #6 help me!!!!!!!Mon, 07/20/2009 - 13:40



I too have gotten in over my head in payday loan debt. I have loans totalling over $5000 with 13 different internet companies. With the money from my paycheck I am not even able to pay the finance charge on all of them. My family has been helping me with bills, food, etc. I live in Pennsylvania. What are my options? I am afraid that if I close my bank accont they will garnish my wages from employment. Are they legally allowed to do this?


Shazzers
Shazzers


Posts: 17128
Credits: 158568.25 Send message to Shazzers

Sub: #7 To those of you in Texas, there are also lenders in your state wSat, 06/27/2009 - 09:00



To those of you in Texas, there are also lenders in your state who are CSO's and NOT payday lenders, the pdl laws would not apply to the CSO's, they are usually legal in what they charge.

First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-acc ount.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws


Unregistered

Sub: #8 payday loan trapFri, 06/26/2009 - 20:58



ive closed my account out and im working with some of my internet pdl some wont work with should i just not pay them can they do anything to me if i dont pay them.


Unregistered

Sub: #9 please help me im so tied up with no where to goFri, 06/26/2009 - 19:49



I live in houston,texas...i have a loan for 900.00..with intrest i owe..1084.00 i have been paying on these loans since jan.advance america.
the other loan is for 525....w/ intrest 632.01@ check into cash. My job has cut back to bare miminum..i cant keep only paying intrest.i need help please


Unregistered

Sub: #10 Payday Loan DebtThu, 05/14/2009 - 17:04



I currently have five payday loans out United Cashh Loans, One Click Cash, Cash Net USA Capital Loans, Northstar Loans. I am currently behind on them and teo of them have gotten my account to an -454.00. What should i do?


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