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I live in Illinois and have 8 loans. I have recently learned that some lenders call the installment loans since you cannot get a payday loan in Illinois. I know that is what one of mine is which is PayDay One. I'm not sure about the others and can't find my contracts. I was in such a pinch at the time I just signed and sent. Can anyone help me in what to do? I also have some cc debt and was thinking about calling t&c which I've seen posted on this site. Please help any info is great. These places are just now starting to call and are about 30 days late. I'm scared they're getting ready to contact me at my employment which is really embarrassing. I know it is my fault but I'm trying so hard to get caught up. I have a family and other things to take care of before these loans. I am also freaking out because I did it without my husband's knowledge and now he wants to know where all of our money is going. I'm just so depressed about the whole situation. Here is what I owe.

CTC borrowed $350 pay back that plus $91 every 2 weeks for probably a year
Paycheck today borrowed 200 paid back 60
Loanshop Online borrowed 400 paid back 120
United Cash Loans borrowed 250 paid back 150
Instant Loans Now borrowed 500 paid back 150
Integrity Advance borrowed 500 paid back 0
ameriloan borrowed 250 paid back 150
PayDay One borrowed 500 paid back 655.86 I have 6 more payments of 110.00 to them.

First, are any of the other loans like Payday One? Where you make X amount of payments for X months?

CTC, Paycheck Today. United Cash Loans, and ameriloan are not licensed.

Loanshop may be an installement loan.

Sub: #1 posted on Thu, 09/04/2008 - 19:48

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.91)

I have to pay back all of CTC every 2 weeks then get a new loan. I pay the other with the exception of payday one $30 per every $100 borrowed every 2 weeks. So on my $400 loan I would pay $120 every 2 weeks as a fee then on the 5th time they take out the $120 plus $50 to pay down the loan and so on until it's paid off. The 6th time would be $105 plus $50 and so on. PayDay One is the only structured one that tells me how many payments and dates

Sub: #2 posted on Thu, 09/04/2008 - 19:54

wndy_reese wndy_reese

(Posts: 18 | Credits: 4.63)

Then Payday One is the only installment loan.

Sub: #3 posted on Thu, 09/04/2008 - 20:19

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.91)

Is there anything I can do abou them calling my work?

Sub: #4 posted on Thu, 09/04/2008 - 20:25

wndy_reese wndy_reese

(Posts: 18 | Credits: 4.63)

the standard C&D letter.just word it so that it highlights the do not call me at work part.even if it is the OC,they have to when they receive that letter,comply.

Sub: #5 posted on Thu, 09/04/2008 - 21:01

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15506 | Credits: 1356.56)

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