| Author |
Message |
|
|
 Posted: Wed Sep 26, 2007 6:36 pm Subject: Need Help out of my Mistake
|
|
|
I'm needing help for consolidating PDL's, have already spoken with a counselor here before and they let me know that they do not work with PDL companies. Who actually can consolidate PDL's, or what should I do? I have 4 loans out right now that was a big mistake and I'm trying to get myself out of this mess.
|
|
twofast4u12
Joined: 29 Aug 2007
Posts: 10
Debtcc Points: 328
|
|
|
 |
|
Posted: Wed Sep 26, 2007 7:22 pm Subject:
|
|
|
Two , you have come to the right place. We can help you.Please list for us who you have loans with, how much you borrowed, how much you have already paid back to each, Please add fees and principle to get one total for each.Are these internet or store front loans?Please lastly let us know which state you live in.
As soon as we get this info we can start to help.
|
|
kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5458
Debtcc Points: 38911
|
|
|
|
Posted: Thu Sep 27, 2007 5:17 am Subject: Help out of my Mistake
|
|
|
I live in WI. I have 2 store front loans, one thru Check N GO Totaling $610, interest $110, has been on and off borrowing different amounts. The other thru PLS for $281.25. The other's are thru online one with Paydaymax for $243.41 and one thru Check Into Cash for $183.00
_________________
Register today to encash debtcc points.
|
|
mverhaagh1
Guest
Debtcc Points: 100
|
|
|
|
Posted: Thu Sep 27, 2007 11:10 am Subject:
Latest Blog Post : http://Punkteri.yesdebtfree.org |
|
|
Here are the WI laws
| Quote: | Legal Status: Legal
Citation:
Wis. Stat. § 138.09
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Not Specified
Maximum Finance Rate and Fees: No Limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $15 NSF fee if check returned due to no account open at bank, insufficient funds or insufficient credit. Check presentment limit: two times.
Criminal Action: Prohibited (per Wisconsin worthless check law, a check given to secure a loan isn't "worthless")
Where to Complain, Get Information:
Regulator: Wisconsin Department of Financial Institutions
Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI 53708
Phone: (608) 261-9555
Fax: (608) 261-7200
Regulatory Contact: Paul Egide,, Consumer Act Director
Regulator Website
http://www.wdfi.org/ |
|
|
Punkteri
Joined: 17 Aug 2007
Posts: 202
Debtcc Points: 3094
|
|
|
|
|
Punkteri
Joined: 17 Aug 2007
Posts: 202
Debtcc Points: 3094
|
|
|
|
Posted: Thu Sep 27, 2007 11:55 am Subject:
Latest Blog Post : http://Punkteri.yesdebtfree.org |
|
|
The two storefront PDL's will be licensed, I believe Check into Cash is liscensed also, I could not find any info on PayDayMax. I am fairly new to this site and I am no expert, but I do know you need to be careful how you handle the storefront loans. I'm sure someone with more experience will be along soon to help. I live in Wisconsin also, I didn't have much luck finding a consoldiation company, I have 7 internet PDL's, with the help of all the wonderful people here I chose to handle things without a debt consolidation company. So far it's going pretty good, if you contact the people you have the PDL's with and tell them you can't keep paying the rollover fees and interest with nothing going toward the principle, they may work out a payment plan with you. I was able to do that with a couple of mine. It doesn't hurt to check.
|
|
Punkteri
Joined: 17 Aug 2007
Posts: 202
Debtcc Points: 3094
|
|
|
|
Posted: Thu Sep 27, 2007 4:55 pm Subject: Help outta my Mistake
|
|
|
That's no problem! Thanks! I have also seen the rules for WI, not pretty! Looks like there is not much rules against PDL's for us! Thanks for the help. Have you heard of this company T&C everyone keeps talking about? I guess they can help consolidate the PDL's?
_________________
Register today to encash debtcc points.
|
|
Melissa V
Guest
Debtcc Points: 100
|
|
|
|
Posted: Fri Sep 28, 2007 12:57 pm Subject:
Latest Blog Post : http://Punkteri.yesdebtfree.org |
|
|
Yes I have heard of T&C, and I did contact them, but I was told because I live in WI they couldn't help me, they told me WI requires us to find a consolidation company in our own state. T&C is liscensed in WI, I read on this site somewhere that they just aren't taking WI customers right now. You may be better off try to handle the PDL's yourself (with the help of this site, of course). I think you have to have a certain amount of debt before you can qualify for consolidation, I'm not sure what that amount is though. I have all Internet PDL's so my situation is a little different than yours, like I said before I'm not quite sure how you should handle the Store Fronts, other than giving them a call and seeing if they will work out a reasonable payment plan with you, I have read on this site about people having success with that. For the Internet PDL's I would send them a letter revoking their authorization to debit your account and revoking any wage assignment you may have signed. That is how I started...sent the letter Certified mail with return receipt. Then I pretty much just waited for their response. Although, I also closed my checking account, but I don't think you can do that, because of the Store front PDL's, I would definately try to get something in writing from them in regards to a payment plan.
|
|
Punkteri
Joined: 17 Aug 2007
Posts: 202
Debtcc Points: 3094
|
|
|
|
Posted: Fri Sep 28, 2007 1:05 pm Subject:
|
|
|
I have contacted Langhorn Law. just do a google search and Ithink they are the first ones listed. I decided not to use them and go it alone since their fees were rather outrageous.
|
|
mwmammaroo
Joined: 11 Sep 2007
Posts: 108
Debtcc Points: 2177
|
|
|
|
