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6 payday loans need some advice

rescueme5
member profile picture

Hi

I live in Indiana got all my payday loans over internet.
I have Cash Cure 800.00 principal been paying 144.00 every two weeks they roll over five times before u start paying 50% of principal back.
Cash direct express 500.00 been paying 110 every other week roll over five times star processing 200.00 paying 60 once a month roll over 5 times,
Sure advance 500.00 paying 90.00 every other week, multi loan source 550.00 been paying 165.00 a month roll over 5 times,


247 green street owe 584.19 can't roll over they are in malta the address says where is that. I have these for about a year been re loaning them because they eat up all my pay i work part time.

Decided yesterday to close my bank account when i saw this sight so they couldn't take anymore money. We had fallen behind on our mortgage and they started forclosure. Was able to get a loan modification but I have to make three consecutive payments on time or I go back to forclosure. We need my income too so I can't pay these right now. According to Indiana law they can only rollover these loans 3 times so that means I have payed some principal on them already. Need some advice if this is correct. I have all the addresses for them. Are these legal payday loaners for my state what can i expect. Any advice would be greatly appreciated.




SOAPLADY


Debt Samaritan
Posts: 17191
Credits: 474465.88869987

Sub: #1 Hi I live in Indiana got all my payday loans over internet. Qu
Fri, 05/25/2012 - 11:38

Hi

I live in Indiana got all my payday loans over internet.
Quote:
I have Cash Cure 800.00 principal been paying 144.00 every two weeks they roll over five times before u start paying 50% of principal back.
DE based, more than likely illegal, especially when you take into consideration the roll overs.

Quote:
Cash direct express 500.00 been paying 110 every other week roll over five times star processing 200.00 paying 60 once a month roll over 5 times,
ALSO DE based
Quote:
Sure advance 500.00 paying 90.00 every other week, multi loan source 550.00 been paying 165.00 a month roll over 5 times,
ALSO DE based....these loan sites all look the same.

Quote:
247 green street owe 584.19 can't roll over they are in malta the address says where is that.
ILLEGAL ...offshore

Follow the link in my signature line on how to deal with illegal loans. Considering the rollovers, I would treat them all as illegal




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