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Has anyone every had a loan with this payday lender,and if so do they work with you if you are having trouble paying off.I still have 3 payday loans and two of them have said they would work with me,but I have not heard back form this company yet.I think they also go by cashdirectexpress,Cashdirectnow and GECC.I decided that unless I tried to work out payments,I would never get out of this payday loan cyle.
Thanks for any info in advance. Exclamation

Posted: Fri Oct 21, 2005 1:52 pm Subject:

You should send them a payment plan in writing and express your intentions. In return, they are required to send approval to it and state the following points:

Make payments within the due dates
You will be deprived of the benefits and discounts (if any) on defaults
Your credit reports will be updated.

If they can put the following points in writing, then you can go ahead with your payments. Please do not default otherwise you will lose these benefits forever if given by the company.

Some useful information for payday loan borrowers from NYS:

Are you staying in New York? Payday loans are restricted in NYS Usery law. Since the payday loan lenders charge illegal interest rates, NYS has made a regulation which restricts the lenders from charging sky high interests. If the annual interest exceeds 25% in NYS, the lender will be in violation of the state law and fined �190.40 of the New York State Penal Code.

Regards
Roxette

Ann Shuford

I've stopped payment on all of these "sharks" including GECC. Can't afford their cheating tactics. Almost cost me my apt. and vehicles. I reside in NJ.

What's the annual interest rate of the 3 on-line cash agencies I've annotated.

Thanks a lot!!

email address removed as per forum rules - Denny

Posted: Thu Dec 22, 2005 2:23 pm Subject:

Hi Ann

Read the agreement contract with the loan company. The rates of interest must be clearly specified on it.

Rampage · Posted: Fri Dec 23, 2005 1:00 pm Subject: NYS

Even if you're from NYS is does not help you if the loan was made on line. The state of the lender applies. I thought the same at the beginning then I had to pay much more. It is not worth taking those loans in the first place. Or if you do have them, make a deal with lenders. In case you don't pay they put put this in records and other lenders with much more suitable rate are reluctant to give you money. So it is not worth it, rahter not take them, but if you do, pay them as fast as possible and DON'T TAKE THEM AGAIN!

Guest · Posted: Sun Jun 17, 2007 3:18 pm Subject:

Can you send payment to payday loans. What happens if you still have a bank account but no money in the account.

Guest · Posted: Sun Jun 17, 2007 3:22 pm Subject:

I took out 4 payday loans. I am having trouble paying them. I made an agreement them to pay increments. I have two in my other bank account. I do not have any money in that bank account.

Posted: Sun Jun 17, 2007 3:23 pm Subject:

If you have no money in your account then you will be overdrawn and charged an NSF fee by your bank. You can send payments to the pdls, although in the beginning some will give you a rough time and say you can not do that. Be persistent. In the end they want paid, they will give you a physical address to mail in the payment, but do not send payment by Money Gram or Western Union. Demand a physical address to mail a money order.

GRETA MEYER · Posted: Sun Jun 17, 2007 3:25 pm Subject: PAYDAY LOANS

How do you pay off 4 payday loans. I have only 500 a pay check. I also have credit cards due and car payment and car insurance.

Posted: Sun Jun 17, 2007 3:28 pm Subject:

What state are you in and are these internet or storefront payday loans? It is possible to get out of this cycle.

Guest · Posted: Sun Jun 17, 2007 3:36 pm Subject:

i have a deal with 2 lenders to pay in increments. i am going to be late with credit card payments and pay off payday loans.

Guest · Posted: Sun Jun 17, 2007 3:37 pm Subject:

i live in missouri

Guest · Posted: Sun Jun 17, 2007 3:37 pm Subject:

internet payday loans

Posted: Sun Jun 17, 2007 3:43 pm Subject:

Which companies are you dealing with and how long have you been paying on them. It may be that you have already paid the principal and legal interest rate back in the illegal constant roll over/refinancing fees.

Posted: Sun Jun 17, 2007 3:46 pm Subject:

Here is a link to your state's payday loan laws, it looks like Missouri's state laws really suck bad. They allow 6 roll overs, but you may still have hope if these companies are not licensed in your state. This link also provides another link to check the licensee look up for your state. Chances are these internet payday loan laws you are dealing with are not licensed in your state, most arent'.

http://www.paydayloaninfo.org/state_detail.cfm?id=MO

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