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Extended Payment Plan in FLORALA Alabama

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Hello,

Just need a bit of advice. Through your website I learned of the Extended Payment Plan option. I had a loan with Check Into Cash in Alabama, went yesterday, the day before my due date and in about 10 minutes I walked out with a payment plan in place. Went back today and made first payment, no problem.

I also have a loan with Advance America in Alabama (FLORALA ) . Went there yesterday to request an EPP and was told that the check had to be returned first. We went around the world, with me pointing out that the sign in their store even says if you cannot repay on your due date, that you can enter into a payment plan for four equal payments with no further fees. No dice.

It was too late to call their corporate office, so this morning I called the CFSA first and was told they should honor a plan, then they gave me the Advance America corporate number. I called them several times before I actually got an answer from a supervisor and was told that the check had to be returned first but that even though she could not tell me to do this, if I chose to put a stop payment on my check and it was returned they would work with me. I told her that I did not believe that was then intention of the law, but she just kept saying by state law they had to deposit the check and have it returned, or I had to put a stop payment before they would honor an EPP. I asked her why they would encourage someone to bounce a check or stop payment rather than work out a payment plan. She told me not to put words in her mouth and then went on to say that even if they entered into an EPP after default, if I did not live up to it they would pursue legal action immediately.

I finally told her that I would not put a stop payment or let it be returned but that I would pursue this further. She said that was my choice but they were simply going by the state law. I printed a copy of Alabama state laws re: payday loans off the internet and it does not say the check has to be returned first, all it says is that if you cannot pay after two rollovers you can request an EPP.

Long story short, I went ahead and paid the fee today to renew, but told the manager I still felt they were not interpreting the law correctly. My question (sorry to be so long winded) is this: I had two loans in Alabama, each for $500, whiich I did not realize until I started researching the EPP guidelines, is against the state rules. Should I suck it up and just pay out the EPP with Check Into Cash and work on Advance America as I can, or should I pursue this? Can I get into trouble for having exceeded the limit, or is it up to the lender to check this?

Thanks in advance for the info.




you will not get in trouble for this.

Also with the EPP you are right. You enter into the agreement BEFORE your check goes through. If they put your check through then they will charge you a $10 late fee and a returned check fee.Then it is not an EPP its just a payment agreement. I had an EPP with advanced and I also had a check returned to Advanced. So I paid back both ways. And in both ways the interest does stop. But one will cost you more because of extra fee added in, plus your own banks fees.

You need to contact the stores district manager or talk to someone else at the corp. office. But I am going to call my friend that works at Advanced to check this out.

Ok just called and he said (because i didn't know the city you were in) that it could be with the laws there. He wasn't sure. But where I am you go in before. I would check into it further. Or just stop payment on the check. And when your bank asks why just tell them that this is the only way they will let you enter into a payment arrangement. Also if you stop payment, it will give you a longer time to pay it back.

Sub: #1 posted on Fri, 10/31/2008 - 02:49

puddlejmpr puddlejmpr
Moderators
(Posts: 1634 | Credits: 74.81)

Thanks for checking into this for me. The store manager did talk to the district manager last night, and then I supposedly talked to a corporate manager today and they both said it had to be returned before they would make an EPP, which as I told them, kinda seems to go against the spirit of the rules/guidelines. Anyway, I went ahead today and paid the fee to renew, even though I felt I was being ripped off. I told the store manager when he apologized that they couldn't help that I thought they were not understanding the guidelines and that I would be pursuing this further. I know it's petty, but I also announced rather loudly to the staff and other customers that this is how they manage to keep people trapped into these loans. Anyway, just FYI, this was in Huntsville, Alabama. It seems if it was a state law that they had to deposit and have the check returned first that Check Into Cash would not have had a contract ready on their system?

BTW-I do feel a little bit better having made the EPP with CIC and also paid off an internet loan in full today. Maybe slowly but surely, this will get better!

Sub: #2 posted on Fri, 10/31/2008 - 03:23

glassbeach glassbeach

(Posts: 8 | Credits: 4.24)

My husband got 2 cash advances , one at Title Cash and one at Alabama Title Loans also known as Community Lenders. We could not pay them back and did not know they had a payment plan. Today Alabama Title Loans called and told my husband that we committed check fraud by putting a stop payment on the check and that the check would be turned over to the worthless check dept and he would be arrested? Is this correct, cand they do this? What are our options?

Sub: #3 posted on Sat, 06/20/2009 - 02:18

Unregistered


The law in alabama does say that the company can pursue legal action against someone if the account is closed NOT if they put a stop payment on the check.

As for Advance America, i too have a loan with them and i called the week before it was due and told the girl (who,by the way, i had been going in there for a year and was always very sweet) that i would not be able to pay it all and could i set up an EPP. and she quickly flipped her bitch switch and said absolutley not, the check would have to be returned first, then proceeded to tell me not to try to use a debt settlement company because they do not work with ANY of them.
THe fact of the matter is, they just say that so that can add on that 30 dollar NSF fee. So i called T+C and they told me dont worry, they do work with them and they just told me that so that they can keep getting the interest.

Sub: #4 posted on Sat, 06/20/2009 - 15:55

amyw2003 amyw2003

(Posts: 109 | Credits: 18.17)

Let me add one thing here. If you have your debt settlement company send payments to them and they cash the checks, then yes they DO work with them. Don't let them tell you otherwise. If they didn't, they would send the check back--and that doesn't happen!!

Sub: #5 posted on Sat, 06/20/2009 - 21:14

kscornell kscornell
Moderators
(Posts: 4409 | Credits: 473.19)

I recently became involved with Advance America, which has been my first experience with paycheck advance. To say the least, I'm quite disturbed by the situation. I recently found myself having to take a short term job at 8.00 an hour and my finances suffered for a short time, so I approached Advance America having no idea how the paycheck advance industry operated. They took my information, license, ssn, and paycheck stub and gave me a $100 loan on the spot, with the contract calling for about $121 in payback due in two weeks...all taken care of a two week postdated check for $121 and change. Simple enough! When explaining the process to me, the store manager asked me to sign a form advocating paycheck advance companies, stating that 'some people were trying to shut down paycheck advance companies.' She also told me that the effort against paycheck advance companies was generally coming from the banking industry due to the easy availability of paycheck advances and the substantial share of the loan market that paycheck advance companies were getting. I went ahead and agreed, appreciating the opportunity to receive $100 for a $120 payback in two weeks. I was given no information on how much credit Advance America would be giving me, but was told that my credit would increase as I paid back loan money. $120 payback in two weeks was easy enough! I even took out a couple more loans in the following weeks and increased my credit to $350, which called for a $421 payback in two weeks! I had to extend the loan and sign another contract for that one and it took a month for full payoff on that one! Eventually, I was increased to a $600 credit line! When my vehicle needed unexpected repairs, I went ahead and took the full line of credit, $600 in loan money with a payback of about $722 in two weeks!

Catch 22, baby! Bait and switch, hook, line and sinker!

Now with a net income of between $300-400 a week, how many people, single people in a one income household anyway, do you think are honestly gonna be able to pay back $722 in two weeks? All bills considered, not many!

Two weeks later, with several other bills due, I found myself able to only pay the $122 and had to extend the loan for another two weeks...which brought me owing Advance America the same $722! Friggin great!

Now I'm not gonna whine and say I can't handle this situation, but this whole deal has left me in a position, with rent comng up and several other bills, to have to fend this loan agreement off and chip away at it slowly with repeated extension contracts! Its gonna take me $122 to even get to the principal and try to reduce the amount I owe Advance America! All bills considered, I am faced with the prospect of having to re-extend this loan 3 to 5 times in order to pay off the total amount! THIS SCENARIO GOT ME WONDERING AND INVESTIGATING...SO OFF TO THE INTERNET I GO!

It took one internet search for me to discover that numerous states and consumers have been waging quite a war against paycheck advance companies, with the chief complaint being that paycheck advance companies dupe consumers into taking out substantial short term loans that they cannot repay in the time alloted and systematically 'trap' those consumers into a repeat cycle of loan extensions, with each extension leaving quite a bit of principal on the original loan and calling for repeated nice chunks of 'interest/loan fees' right into the pockets of the paycheck advance companies! At the very least, over the last several years, consumers in New Hampshire, South Carolina and Georgia have torn Advance America up in court and have even managed to have legislation passed to shut Advance America down!

Now to put it simply, I have my own argument! Advance America misrepresented the facts to me about the war against paycheck advance companies, leaving me without opportunity to make an informed decision! The manager at my local store watered down information regarding complaints against the paycheck advance industry and made me feel as if some piddly small efforts were being taken with no success when the fact of the matter is that several states have had great success against Advance America, with the chief complaint being that consumers are consistently duped into a scheme intended to loan more than can be repaid in two weeks by most and 'trap' cutomers into repeated contract 're-extensions'...each one putting a nice chunk of money into Advance America's pockets! Fraudulent misrepresentation, fraud by omission, fraudulent inducement into contract or breach of the duty of good faith and fair dealing! Whichever! Call it what you want!

Personally, I say screw this! Even though they have my check for $722, I don't intend to take this type of treatment! Had I known about the nature of widespread consumer complaints, I would have never even become involved with Advance America!

They're about to get a fight out of me they don't want!

Sub: #6 posted on Thu, 07/09/2009 - 12:24

Unregistered


I recently became involved with Advance America, which has been my first experience with paycheck advance. To say the least, I'm quite disturbed by the situation. I recently found myself having to take a short term job at 8.00 an hour and my finances suffered for a short time, so I approached Advance America having no idea how the paycheck advance industry operated. They took my information, license, ssn, and paycheck stub and gave me a $100 loan on the spot, with the contract calling for about $121 in payback due in two weeks...all taken care of a two week postdated check for $121 and change. Simple enough! When explaining the process to me, the store manager asked me to sign a form advocating paycheck advance companies, stating that 'some people were trying to shut down paycheck advance companies.' She also told me that the effort against paycheck advance companies was generally coming from the banking industry due to the easy availability of paycheck advances and the substantial share of the loan market that paycheck advance companies were getting. I went ahead and agreed, appreciating the opportunity to receive $100 for a $120 payback in two weeks. I was given no information on how much credit Advance America would be giving me, but was told that my credit would increase as I paid back loan money. $120 payback in two weeks was easy enough! I even took out a couple more loans in the following weeks and increased my credit to $350, which called for a $421 payback in two weeks! I had to extend the loan and sign another contract for that one and it took a month for full payoff on that one! Eventually, I was increased to a $600 credit line! When my vehicle needed unexpected repairs, I went ahead and took the full line of credit, $600 in loan money with a payback of about $722 in two weeks!

Catch 22, baby! Bait and switch, hook, line and sinker!

Now with a net income of between $300-400 a week, how many people, single people in a one income household anyway, do you think are honestly gonna be able to pay back $722 in two weeks? All bills considered, not many!

Two weeks later, with several other bills due, I found myself able to only pay the $122 and had to extend the loan for another two weeks...which brought me owing Advance America the same $722! Friggin great!

Now I'm not gonna whine and say I can't handle this situation, but this whole deal has left me in a position, with rent comng up and several other bills, to have to fend this loan agreement off and chip away at it slowly with repeated extension contracts! Its gonna take me $122 to even get to the principal and try to reduce the amount I owe Advance America! All bills considered, I am faced with the prospect of having to re-extend this loan 3 to 5 times in order to pay off the total amount! THIS SCENARIO GOT ME WONDERING AND INVESTIGATING...SO OFF TO THE INTERNET I GO!

It took one internet search for me to discover that numerous states and consumers have been waging quite a war against paycheck advance companies, with the chief complaint being that paycheck advance companies dupe consumers into taking out substantial short term loans that they cannot repay in the time alloted and systematically 'trap' those consumers into a repeat cycle of loan extensions, with each extension leaving quite a bit of principal on the original loan and calling for repeated nice chunks of 'interest/loan fees' right into the pockets of the paycheck advance companies! At the very least, over the last several years, consumers in New Hampshire, South Carolina and Georgia have torn Advance America up in court and have even managed to have legislation passed to shut Advance America down!

Now to put it simply, I have my own argument! Advance America misrepresented the facts to me about the war against paycheck advance companies, leaving me without opportunity to make an informed decision! The manager at my local store watered down information regarding complaints against the paycheck advance industry and made me feel as if some piddly small efforts were being taken with no success when the fact of the matter is that several states have had great success against Advance America, with the chief complaint being that consumers are consistently duped into a scheme intended to loan more than can be repaid in two weeks by most and 'trap' cutomers into repeated contract 're-extensions'...each one putting a nice chunk of money into Advance America's pockets! Fraudulent misrepresentation, fraud by omission, fraudulent inducement into contract or breach of the duty of good faith and fair dealing! Whichever! Call it what you want!

Personally, I say screw this! Even though they have my check for $722, I don't intend to take this type of treatment! Had I known about the nature of widespread consumer complaints, I would have never even become involved with Advance America!

They're about to get a fight out of me they don't want!

Sub: #7 posted on Thu, 07/09/2009 - 12:27

Unregistered


I recently became involved with Advance America, which has been my first experience with paycheck advance. To say the least, I'm quite disturbed by the situation. I recently found myself having to take a short term job at 8.00 an hour and my finances suffered for a short time, so I approached Advance America having no idea how the paycheck advance industry operated. They took my information, license, ssn, and paycheck stub and gave me a $100 loan on the spot, with the contract calling for about $121 in payback due in two weeks...all taken care of a two week postdated check for $121 and change. Simple enough! When explaining the process to me, the store manager asked me to sign a form advocating paycheck advance companies, stating that 'some people were trying to shut down paycheck advance companies.' She also told me that the effort against paycheck advance companies was generally coming from the banking industry due to the easy availability of paycheck advances and the substantial share of the loan market that paycheck advance companies were getting. I went ahead and agreed, appreciating the opportunity to receive $100 for a $120 payback in two weeks. I was given no information on how much credit Advance America would be giving me, but was told that my credit would increase as I paid back loan money. $120 payback in two weeks was easy enough! I even took out a couple more loans in the following weeks and increased my credit to $350, which called for a $421 payback in two weeks! I had to extend the loan and sign another contract for that one and it took a month for full payoff on that one! Eventually, I was increased to a $600 credit line! When my vehicle needed unexpected repairs, I went ahead and took the full line of credit, $600 in loan money with a payback of about $722 in two weeks!

Catch 22, baby! Bait and switch, hook, line and sinker!

Now with a net income of between $300-400 a week, how many people, single people in a one income household anyway, do you think are honestly gonna be able to pay back $722 in two weeks? All bills considered, not many!

Two weeks later, with several other bills due, I found myself able to only pay the $122 and had to extend the loan for another two weeks...which brought me owing Advance America the same $722! Friggin great!

Now I'm not gonna whine and say I can't handle this situation, but this whole deal has left me in a position, with rent comng up and several other bills, to have to fend this loan agreement off and chip away at it slowly with repeated extension contracts! Its gonna take me $122 to even get to the principal and try to reduce the amount I owe Advance America! All bills considered, I am faced with the prospect of having to re-extend this loan 3 to 5 times in order to pay off the total amount! THIS SCENARIO GOT ME WONDERING AND INVESTIGATING...SO OFF TO THE INTERNET I GO!

It took one internet search for me to discover that numerous states and consumers have been waging quite a war against paycheck advance companies, with the chief complaint being that paycheck advance companies dupe consumers into taking out substantial short term loans that they cannot repay in the time alloted and systematically 'trap' those consumers into a repeat cycle of loan extensions, with each extension leaving quite a bit of principal on the original loan and calling for repeated nice chunks of 'interest/loan fees' right into the pockets of the paycheck advance companies! At the very least, over the last several years, consumers in New Hampshire, South Carolina and Georgia have torn Advance America up in court and have even managed to have legislation passed to shut Advance America down!

Now to put it simply, I have my own argument! Advance America misrepresented the facts to me about the war against paycheck advance companies, leaving me without opportunity to make an informed decision! The manager at my local store watered down information regarding complaints against the paycheck advance industry and made me feel as if some piddly small efforts were being taken with no success when the fact of the matter is that several states have had great success against Advance America, with the chief complaint being that consumers are consistently duped into a scheme intended to loan more than can be repaid in two weeks by most and 'trap' cutomers into repeated contract 're-extensions'...each one putting a nice chunk of money into Advance America's pockets! Fraudulent misrepresentation, fraud by omission, fraudulent inducement into contract or breach of the duty of good faith and fair dealing! Whichever! Call it what you want!

Personally, I say screw this! Even though they have my check for $722, I don't intend to take this type of treatment! Had I known about the nature of widespread consumer complaints, I would have never even become involved with Advance America!

They're about to get a fight out of me they don't want!

Sub: #8 posted on Thu, 07/09/2009 - 12:28

Unregistered


Advance America just drained my bank account. I put a stop payment on the check, and with my particular bank,they can only stop payment on a transaction if they have the exact amount you want to stop from being withdrawn. AA was informed that i was with a debt management company before they tried to cash the check but i wasnt sure if they would participate and they did it anyway. The check was blocked of course and they proceeded to charge me a $30 NSF. A week and a half later, on my payday(i get direct deposit,and they know this its on my application) about one hour after my deposit hit the bank,my account was drained. When i called the bank to ask who got my money, they told me that Advance America had sent the check through electronically 3 seperate times with lesser amounts than the check was written so they went through. Then today i got a letter demanding the $30 NSF. Yeah right. bite me Advance America. So i went to a different branch of AA to see if they would lend me money.(i wasnt going to get it, but i wanted to see what they would do) They then proceeded to hand me a piece of paper that told me that they could not lend me any money because i am with a debt management company and was not supposed to have any transaction directly with me. Then i asked the girl why they cashed my check if they were not allowed to have any transactions with me, she began to stutter and told me something about let her call her manager and i told her save it, i just wanted proof that they had gotten the letters from my debt management company,agreeed to participate and then cashed my check anyway. I know that a creditor does not have to participate in any debt management program, but pick a side heifers. I hope theyre not waiting by the mailbox for that $30 thay want from me....Actually,yes i do,and i hope its raining.

Sub: #9 posted on Thu, 07/09/2009 - 13:06

amyw2003 amyw2003

(Posts: 109 | Credits: 18.17)

stop payment on the check or close that account. send advance america a certified with return signature. tell do not call you or references at home or at work. do not come to your home or workplace. they may only communicate through mail. if they continue after you receive the return signature. you made sue them in court,you may find this information in US FAIR COLLECTION LAWS, DO NOT LET THEM BULLY YOU

Sub: #10 posted on Wed, 03/03/2010 - 10:59

Unregistered


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