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Paydayone: Are they a member of the CFSA?

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I was wondering if Payday One is a member of the CFSA because i can't afford to pay my whole loan and need to make some payment arrangements? If not, will they work with me?




Hi! Yes, they will work with you. Just explain the situation and they will let you set up payment arrangements. Good Luck!

Sub: #1 posted on Tue, 07/21/2009 - 01:46

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It does not appear that Payday One is a memeber of the CFSA, usually if they are a member they have the CFSA logo on their website.


They do have this on their site under FAQs:

What happens if I do not make a payment on my payday loan by the due date?
For your convenience, your payments will be electronically debited from your checking account unless you make alternate payment arrangements. If you are unable to make the payment on your due date, please contact Customer Support. In some cases Customer Support can offer a repayment plan that gives you additional flexibility in paying back the loan.

Sub: #2 posted on Tue, 07/21/2009 - 01:54

fatcat fatcat

(Posts: 171 | Credits: 17.28)

make sure you talk to them before you default. do not worry everything will be okay, they should be able to work something out. :)

Sub: #3 posted on Tue, 07/21/2009 - 02:04

bea2ls bea2ls
Moderators
(Posts: 3840 | Credits: 370.56)

I had PayDayOne and they would not work with me at all before I defaulted. After I defaulted they set up 6 equal bi-weekly payments. They said that was the best they could offer. It was my biggest loan and so the payments were quite large. I made a couple and then could'nt afford to do that anymore. Thats just been my experience, yours may be different.

Sub: #4 posted on Tue, 07/21/2009 - 03:34

resqume1 resqume1

(Posts: 324 | Credits: 23.75)

I just spoke with PayDay One and they were very friendly. They offered me a payment plan and i can pay using Western Union or Money Gram because I don't want to give them my new account number. Now, I need to see what I'm going to do about PayDay Max.

Sub: #5 posted on Tue, 07/21/2009 - 21:50

anewday1 anewday1

(Posts: 58 | Credits: 11.32)

is the payday an internet loan? for some reason i thought you were dealing with a store front?

Sub: #6 posted on Tue, 07/21/2009 - 21:55

bea2ls bea2ls
Moderators
(Posts: 3840 | Credits: 370.56)

It is an internet loan. They are licensed in my state and just about every other state so they probably believe in doing good business.

Sub: #7 posted on Tue, 07/21/2009 - 22:05

anewday1 anewday1

(Posts: 58 | Credits: 11.32)

resqume1

When you got to the point you couldnt afford to pay PayDayOne what was their recourse?

Sub: #8 posted on Tue, 07/21/2009 - 22:09

fatcat fatcat

(Posts: 171 | Credits: 17.28)

I had a real problem with PayDayMax. I took out a $200 online loan. They tried to charge me more interest than was agreed to in my contract. When I called them about the matter they got really nasty with me over the phone. I got tired of arguing with them and told them I would just call the BBB and file a complaint with FTC.

The next day I went to the PayDayMax website for all my account details before making the call to the BBB.........and my account was marked "Paid In Full". My original loan was for $200.00 and I had made 2 payments of $100.00 each BUT there was supposed to still be a balance for the interest rate and rollover fees.

Sub: #9 posted on Tue, 07/21/2009 - 22:17

fatcat fatcat

(Posts: 171 | Credits: 17.28)

Quote:
The next day I went to the PayDayMax website for all my account details before making the call to the BBB.........and my account was marked "Paid In Full". My original loan was for $200.00 and I had made 2 payments of $100.00 each BUT there was supposed to still be a balance for the interest rate and rollover fees.


Revel in your success, they are NASTY NASTY and as illegal as the day is long. If I were you, I would take a screen shot of your account on their website and keep it, just in case! They have been known to mark accounts a PIF, then sell it to a collection agency at a later date! Just be mighty careful with them!

Sub: #10 posted on Tue, 07/21/2009 - 22:22

Shazzers Shazzers
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(Posts: 17342 | Credits: 1592.83)

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