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I currently have 5 payday loans out. Am a single mom, living in nebraska. I am current with the loans but my bills are falling behind.
THey are as follows:
1. Paycheck Advance, Storefront, 425.00 w/ 75.00 int. Have been paying and rewriting for several months now on this one
2. Mister Money, storefront, 425.00 w/ 75.00 interest., several months also
3. Advance America, storefront, 425.00 w/75.00 interest., two months
4. Check N Go, storefront, 425.00 w/ 75.00 interest, two months
5. ameriloan, online company, 300.00 w/90.00 interest taking directly out of my bank acct., 1 month now

I am working full time plus and can't seem to make a dent in any of these. Have applied for small personal loans through my bank and other lenders but due to a bankruptcy 2 years ago following my divorce, they won't even consider me. My family and friends are unable to help and I am worried about having bad check charges if I default on any of them. Any advice would be greatly appreciated.




I live in Nebraska also, the stores that you have pdl's are licensed and are legal. You need to find out if they are members of the CFSA which I know for a fact that Payday Advance and Advance America and Check N Go are. That means that you can go in before they are due and enter into an extended payment plan over 4 payments I believe.

I am not too sure about Mister Money as I believe they are also a pawn shop, so you might want to check into that. Either way you need to make payment arrangements with them because they will and do sue if you do not pay them.

As far as ameriloan I am not sure if they are operating legally in Nebraska. You are not going to be prosecuted for bad check charges.

Here are the pdl laws for Nebraska as provided by goudah:

Nebraska State Information

Legal Status: Legal

Citation:
Neb. Rev. Stat. ???? 45-904

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15 per $100 or pro rata for any part thereof on amount of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance, consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action:

Where to Complain, Get Information:
Regulator: Nebraska Department of Banking & Finance
Address: Financial Institutions, 1230 'O' Street, Suite 400 P.O. Box 95006 Lincoln NE 68509
Phone: (402) 471-2171
Fax:
Regulatory Contact: Karen Reynolds,, Review Examiner

In order for Ameriloan online pdl needs to be licensed in the state of Nebraska to lend legally. Check out this thread and you can search for each one of those: http://www.ndbf.org/s earches/fisearch.shtml. I tried to do a search for Mister Money but didn't come up with anything and also I don't know what city and state ameriloan is operating out of.

Sub: #1 posted on Wed, 08/20/2008 - 09:24

ladybug ladybug

(Posts: 2757 | Credits: 282.44)

I have sent you a pm, check the right side of your screen and click on private message and you should see it.

Sub: #2 posted on Wed, 08/20/2008 - 09:31

ladybug ladybug

(Posts: 2757 | Credits: 282.44)

I have 5 pdl's out. 4 are local one is online. I am overdrawn in my account and can't afford my rent and have 4 year old. I don't know what to do. I won't even be able to pay and rewrite these. I am scared :cry:

Sub: #3 posted on Wed, 08/20/2008 - 20:19

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