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Payday loans have me miserable

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companies you have the loans with and whether it is a store front operation or an internet operation.
Hey, please help me. I have loans with Cash Advance 350(store), US Fastcash300(internet), United cash loans300(internet), Cmg group200(internet)

3 can't keep track of how much I've actually paid.

Arkansas




I'm going to post your laws but we need more information in order to help you plan a course of action. You need to try and figure out how much you have paid these companies, that information will be on your bank statements. Have you defaulted on your store front loan yet, when is it due? You might be eligible for the EPP (Extended payment plan) if this store is a member of the CFSA, the EPP will allow you to pay this off in four equal payments on each payday. You can't really close your account or stop payment on your check, criminal charges could be filed against you if you do, that is why it's important that you work something out with them so you can secure your bank account.

Quote:
Arkansas State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Ark. Code. Ann. ???? 23-52-101 et seq.; Ark. Const. art. 19, ???? 13

Loan Terms:
Maximum Loan Amount: $400
Loan Term: 6-31 days
Maximum Finance Rate and Fees: 10% of check + $10; $5 ID card
Finance Charge for 14-day $100 loan: $22.22
apr for 14-day $100 loan: 579%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One per location
Rollovers Permitted: None (cannot renew or consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Court Costs; Reasonable Attorney's Fees
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)

Where to Complain, Get Information:
Regulator: Arkansas State Board of collection agencies
Address: Division of Check-Cashing Companies, 523 Louisiana Street, Suite 460 Little Rock AR 72201
Phone: (501) 371-1434
Fax: (501) 371-1440
Regulatory Contact: Peggy Matson,, Executive Director
Regulator Website

Sub: #1 posted on Sat, 08/02/2008 - 07:58

Shazzers Shazzers
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