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Wisconsin - I did research, but need help (PDL Trouble)



Elle_Marie

Posts: 85
Credits: 1709.1
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Sub: Wisconsin - I did research, but need help (PDL Trouble)
Tue, 08/07/2008 07:36

Hello,

I've been reading on this site for months, trying to figure out how to get myself out of the hole I dug myself regarding payday loans. I've read the success stories and about closing bank accounts, but I'm terrified of doing that because I don't want to default on anything--I'm paranoid!

I guess I really don't know where to start the ball rolling in terms of cutting out the loan/re-loan cycle that I've been involved in for 3 years now. Can anyone help me get started? I can't find much info on Wisconsin, and what kind of communication I am allowed to send to the payday loan companies.

Here is what I have out for PDL's(I've actually used these companies for years, and keep paying off the loan and re-borrowing, because I don't have the $$ to pay my regular bills!):

500fastcash: Borrowed $400, Paid $120 so far

PaydayOne: Borrowed $500, Paid $87.50 so far

CashTransferCenters: Borrowed $700, will have $840 taken out of my bank on Friday. (this is the main reason I keep having to re-borrow from the others!) :(

CashCentral: Borrowed $400, Paid $400 in 4 rollovers; $500 is due to be taken out on 5/12. (**I faxed them a letter today advising that I will not be able to pay the entire amount, requested to revoke the ACH withdrawl, and wish to make payment arrangements--no response yet. Was this ok to do?)


I have three store front PDL's that I've been rolling over and over--I have been told by all three that they do not make settlement offers, so I'm not sure what I can do with that. Here is what I owe:

Check Into Cash: Borrowed $500; I pay $110 every two weeks then pay off at the 4th rollover--and reborrow the same day.

Check Advance: Borrowed $700; I pay $160 every two weeks just to roll it over--they let me rollover as much as I want(gee, how nice)

Check n Go: Borrowed $700; I pay $160 every two weeks then pay off at the 4th rollover, then borrow it over again the same day!

I really need assistance on how to end this cycle--I have NEVER defaulted on any of the loans since starting them up years ago, so you can see that I'm pretty good at "paycheck juggling" in order to make sure I have sufficient funds in my account.

I make good money--unfortunately, it all goes to this and I have nothing left to show--my credit cards are maxed right now because of this and I'm frustrated every payday. If anyone can help me straighten out my mess, it would be sincerely appreciated!

Thank you for any help you can give me!



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Unregistered

Sub: #1 mulitple pdl in WisconsinTue, 07/08/2008 - 07:36



I also have mulple pdl and live in Wisconsin but all my pdls are online.
loapoint usa $390 pd $90.00
Littleloan shoppe $390 pd $90.00
usapayday $175 pd $80
instant loan $520
upfront payday 650
payday loan $455
Sagamore $260 pd $120
Quick Cash $375 pd $150.00
ZipCash 390 pd $90.00
ICan someone please tell me if any of these are legal payday? Thanks for much for help
_________________


Elle_Marie
Elle_Marie
Posts: 85
Credits: 1709.1

Sub: #2 Since it's not a bankruptcy, I was advised that it shouldn't shoMon, 07/07/2008 - 09:27



Since it's not a bankruptcy, I was advised that it shouldn't show up as a negative, unless you default on it somehow.


PinkLady
PinkLady

Posts: 1674
Credits: 27743.25

Sub: #3 So Chapter 128 payments come directly from your paycheck. Does tMon, 07/07/2008 - 07:05



So Chapter 128 payments come directly from your paycheck. Does this show up on your credit report or anything?

ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/


Elle_Marie
Elle_Marie
Posts: 85
Credits: 1709.1

Sub: #4 Latest UpdateMon, 07/07/2008 - 06:59



Latest Update:

*I filed Chapter 128 consolidation plan and will have my paychecks garnished to pay off 3 credit cards, an installment loan through First Bank of Delaware, and QuickClickLoans--I spoke with my trustee, and she said that QuickClickLoans got right back to her with their agreement for the payback plan, which was good to hear.

*still no word with 500fastcash.com and Cashtransfercenters.com on my request for a PIF and refund. I'll continue waiting, I guess.

*I sent a money order for $300 to cover UnitedCashLoans on June 25 and they advised they have not received it. Tracking shows that it was not cashed yet, so I'm wondering if I should cancel that one right away or wait, since some mail could have been held up from the holiday. If I cancel that and send another, I'm very leery about sending the full amount again. I think I'll just send $50 and wait for them to receive and cash it before I send the rest. This was for a $390 payoff, and they agreed to accept $300.


Elle_Marie
Elle_Marie
Posts: 85
Credits: 1709.1

Sub: #5 Hi cannr...yep, I actually filed with Wisconsin(which is throughThu, 06/19/2008 - 09:32



Hi cannr...yep, I actually filed with Wisconsin(which is through the Department of Financial Institutions), and with Oklahoma. Oklahoma AG advised that since they are located on an indian reservation there is nothing they can do. And I'm at a standstill with my DFI person.

500fastcash hasn't been contacting me or harassing me in any way, and they aren't debiting(because my account was closed), so I guess I'm just wondering if I should sit on this for a bit, or if I need to make contact with them again to request my PIF and refund. I logged into my account on their site and it still says that I owe $520.


cannr
cannr

Posts: 9226
Credits: 129842.7

Sub: #6 Did you file a complaint with your state AG regarding 500FastCasThu, 06/19/2008 - 09:04



Did you file a complaint with your state AG regarding 500FastCash? That's the only way I got those jerks off my back was through my AG, and even with them, it took MONTHS. They are not fun to deal with. You can file again with the BBB, but it won't do anything for you. I filed a lot, but 500FastCash is kind of a hard one to deal with. They were even nasty with my state AG - and they are illegal as all hell! They amazed me!


Elle_Marie
Elle_Marie
Posts: 85
Credits: 1709.1

Sub: #7 oops...that was me above. :) Update on 500FastCash.com--they Thu, 06/19/2008 - 08:59



oops...that was me above. :)

Update on 500FastCash.com--they did not respond to my last response on the BBB, so they closed my complaint. What do I do at this point? Do I just wait for 500FastCash to contact me, or do I need to file another BBB complaint?


Unregistered

Sub: #8 That's what I hear, so I was a bit hesitant, but as soon as you Wed, 06/18/2008 - 11:05



That's what I hear, so I was a bit hesitant, but as soon as you file Chapter 128, they cannot do anything other than contest the amount that I owe--and since the total of the loan includes all of the interest that I would have to pay them for the 3 years I would have had it, there's no reason why they should contest it--they'll get all their money--I just wanted it covered under my state's law on how they should get it. :)


goudah2424
goudah2424

Posts: 7801
Credits: 122219.7

Sub: #9 Be careful of QuickClick Loans. They will sue you. But they wiWed, 06/18/2008 - 07:00



Be careful of QuickClick Loans. They will sue you. But they will wait for a few months so the interest and fees add up.

How I make some extra cash

I earn at least $20 extra every month doing offers. And you don't have to pay a cent.


Elle_Marie
Elle_Marie
Posts: 85
Credits: 1709.1

Sub: #10 Ok, here is an update: I looked more into Chapter 128 and have dWed, 06/18/2008 - 05:22



Ok, here is an update: I looked more into Chapter 128 and have decided to file for some of my creditors that I have fallen way behind on, due to my issues with the PDL's. It allows me to consolidate the debt and make one monthly payment to a trustee, who disburses the payments to my creditors. Hopefully that will be all set up soon, so the phone calls can stop. I've included an installment loan from QuickClickLoans, so they're calling me constantly.


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