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PostPosted: Wed Oct 24, 2007 6:51 pm Subject: Debts and loans

We have got ourselves caught up in the payday loan cycles. We currently have six loans and two have been paid back. We had a loan from Cashtranferscenter and they went into the payroll and took an extra $150. My job just let them take it. We also got a personal loan from my mother in law who is now harassing us to pay it back. Is there some company out there that can help us with the payday loans and the chargeoffs we have with a vehicle that we got while we were in the bankruptcy procedures and all these fees were attached that we did not know about until years later. Someone please help?

Atwitsend

belton85




Joined: 24 Oct 2007
Posts: 2

Debtcc Points: 143

PostPosted: Wed Oct 24, 2007 7:16 pm Subject:

Welcome Belton! You've come to the right place.

You can always call for a free consultation or fill out a form for a free consultation.

Also lots of people here have had experiences with Pay-Day-Loans. Someone will be along shortly to help.

It would help us better if we knew the state you live in, the amounts owed on each PDL, the company its with & if it was a store-front or internet.

I think there might be more we might need, but if there is we'll let you know!

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lawn1016

lawn1016


Joined: 26 Jul 2007
Posts: 681

Debtcc Points: 5946

PostPosted: Wed Oct 24, 2007 7:32 pm Subject:

Belton, please post the requested info.Alsothe original amount borrowed from each lender. To get the amount paid back to each, add the fees and principle to get one total for each lender. when we get the info, I will post the laws for your state , and we can begin to get you out of the PDL cycle
kashzan
Debt Samaritan

Debt Samaritan


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Posts: 5458

Debtcc Points: 38911

PostPosted: Wed Oct 24, 2007 7:35 pm Subject:

Mod, please move to PDL
kashzan
Debt Samaritan

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Posts: 5458

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PostPosted: Wed Oct 24, 2007 10:22 pm Subject: Debts and loans

Will get the info and post soon. I live in Colorado.

Thanks

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belton
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Debtcc Points: 100

PostPosted: Thu Oct 25, 2007 3:50 am Subject: reply

Quote:
Colorado State Information

Legal Status: Legal

Citation:
Colo. Rev. Stats. § 5-3.1-101 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 40 days
Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500
Finance Charge for 14-day $100 loan: $20
apr for 14-day $100 loan: 520%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: One (renewal)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: One $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed loan amount
Criminal Action: Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date)
Where to Complain, Get Information:
Regulator: Colorado Office of the Attorney General
Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203
Phone: (303) 866-4494
Fax: (303) 866-5691
Regulatory Contact: Laura Udis,, Administrator
http://www.ago.state.co.us/uccc/ucccmain.cfm

cannr
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cannr
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Joined: 07 Jun 2007
Posts: 9372

Debtcc Points: 124815

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