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Posted: Sun Apr 20, 2008 3:01 pm

I have 6 PDLs that are license storefront businesses. How can I find out if they are members of the CFSA? Also, do I have to still pay the premium if I have over paid the principle from the interest/fees I pay every two weeks?

The companies I am dealing with are:

1. Paycheck Adv-Short Term Loans - Borrowed $450 - Paid $860
2. (Check Advance) Valued Services of Anozira - Borrowed $400 -Paid $430.
3. Ace Cash Express - Borrowed $500 - Paid $640
4. (Check N Go) Southwestern & Pacific Specialty Finance - Borrowed $500 - Paid $880
5. (Advance America) Cash Advance Centers of Arizona - Borrwowed $500 - Paid $985
6. Pay Day Loan Store of Arizona - Borrowed $400 - Paid $440

All stores are licensed in Arizona.

Also, have you ever heard of a PDL settlement company called PDL Assistance? They are proposing to settle all my accounts for 70% of what I owe but their fee is 30% of my total loans.

Posted: Sun Apr 20, 2008 3:22 pm

Hello tharrison and welcome to the forum. It looks like your first loan [Paycheck Adv] is an installment type of loan, so the payday loan laws would not apply to that one.

Posted: Sun Apr 20, 2008 3:24 pm

Your state information, this only applies to payday loans.

Posted: Sun Apr 20, 2008 3:48 pm

The only two I can be certain of are Advance America and Check n Go. They are both members of the CFSA, and you are entitled to set-up an extended payment plan with them.

Ace Cash Express is a member of FISCA, only I don't know as much about that as I do CFSA. Maybe someone else here does.

Posted: Sun Apr 20, 2008 3:51 pm

What gets me is that her/his state does not allow for more than one Payday loan at a time and this poor soul has 6!. That right there is ground to fight back. Use it that way. Fight this, you and whoever you enlist.

Luke