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DeannaT · Posted: Sat Aug 11, 2007 6:03 pm Subject: Pay day loan problems in CO

My hubby and I have 6 pay day loans. We had health problems with my daughter and was unable to pay rent and other bills, so we took out the payday loans. Now we cant pay them. The keep calling my husbands work, comming to the house, calling all day long, calling family that has told them to not call, telling family that we will go to jail to for check fraud and we are now being told, that my husband will go to jail for check fraud. We owe all together about 1,100 We have tried to work out payment arrangements, but they are still too high for us to pay on. I dont know what to do anymore. I am currently a student in school. I was going to use some of my student loan money to pay them off, but that is still over a month away. They refuse to wait that long. What can I do? Somebody please give me some answers!

Posted: Sat Aug 11, 2007 6:39 pm Subject: colorado

It looks like Colorado can allow ONE rollover on a pdl. Also it states that only one pdl is allowed at a time, so they're mistake there with you having over that amount. It's saying they can charge one NSF fee. And criminal action is PROHIBITED unless you close your checking account. Whatever you do, do not close your checking account. I'm assuming these are all store front pdl's? Please clarify that. Are they all store front? Or are there internet loans involved also? I'm posting your state law for you to see for yourself.

Guest · Posted: Sat Aug 11, 2007 10:14 pm Subject:

THey are all store front payday loans. Thanks so much for the information. So what do I do? How do I get out of this?

Posted: Sun Aug 12, 2007 5:42 am Subject:

The only thing you can do with store fronts is call them and tell them you can't make the payments and see if they will make other arrangements with you. Most of the time I have read if you default at least the interest stops accruing...and that way you at least have a final total to work towards paying off.

Posted: Sun Aug 12, 2007 6:08 am Subject: deanna

deanna, they are more than likely abiding by the law since they are store fronts. You're allowed only one rollover, so if they're rolling it over more than once, that's prohibited. If they're not, then they're abiding by the law. It's stating you can get one NSF fee. You can contact the store fronts, explain your situation (give them a story if you want) regarding the fact that you can not come and pay in full. Call each one of them. Store fronts will all respond differently. Some will tell you that they have to send the check through once and have it returned NSF before they can make payment arrangements with you. Some will just hold the check until you have it paid off and then they'll give you the check back. Whichever they do, it really doesn't matter. DO NOT CLOSE YOUR BANK ACCOUNT. That' when trouble will start. If you call them, you can give them a story (you lost your job, whatever.....) and have to make payments. They're going to want more money than you can afford (especially since you have so many), so you're going to just have to tell them what YOU can afford. Main point is communication with the store fronts and not closing that bank account. If you have to, you can let them turn them in once for NSF (but your bank is going to charge you for each one!) and then they'll be in default and then they'll work out payments with you. But then your account will have all kinds of charges on it. Try calling them to see how they handle it. They might just hold the checks until you pay them off. But, whatever payment arrangements you make out, make sure you can keep. So don't agree to anything you can't afford. You'll just have to tell them to be realistic! I would think they would just want their money back - period. Please call them and see what they say. And keep us posted as to how it goes. If you need anything else, just post! Very Happy

jojos mom · Posted: Thu Aug 16, 2007 11:44 am Subject: uh-oh

I was reading through this post b/c I am kinda in the same boat. However, this was two years ago and I had to close my account due to fraud on my bank account...it was unrelated to payday loans...someone was using the account to launder money (mine and other people's as well.)Now, I am getting these phone calls from some out of state company...they claim to be US National Bank, but I can't find any info on them. They are saying that I am being sued fr check fraud, theft and something else, they keep asking if the account was mine and why it was closed. However, the pdl was with advance America and I have not heard from them. I don't know what to do...I was told by the CBI that collections don't go to other banks, they go to collection agencies, but after reading these posts, I am really worried. What do I do now?

Posted: Thu Aug 16, 2007 11:53 am Subject:

There is no such thing as US National Bank. It is a collection agency and they are trying to scare you. If you do a search on this web site for US National Bank you will see that this was discussed by some other members who got the same call.Please do not panic.
You have come to the right place if you need help with your loans. We have all been there.
If you would like help, please list the loans you have. The amounts of the loans and the amounts you have paid . Please let us know which state you live in. Also are your loans internet or store front?

Posted: Thu Aug 16, 2007 11:59 am Subject:

Im Sorry
i didnt see your other posts. You have already supplied the needed info. But Please do not be afraid of US National Bank. It is not a real place.Google it onthis site and you will see

Posted: Thu Aug 16, 2007 11:59 am Subject:

Jojo - Please start a new thread with the information Kashzan requested. Then we can all give you good advice on how best to proceed.

Deanna - I would also suggest calling your state's regulatory agency:

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

Tell them your problem and see if they have any suggestions. They may be able to help you since it looks like the storefronts are supposed to check and see if you have any other pdl's before they lend to you. And since these are storefronts the regulatory agency can do quite a few things to get them to cooperate with you.

jojos mom · Posted: Thu Aug 16, 2007 12:05 pm Subject: Other pdls

I have some storefront pdls that I have yet to pay off. Again, all in 2005. One was for Advance America for 500, one was for a place called Pay Day Loans and I think that one was for 150, I can't remember the name of the other place. The thing that scares me so bad about US National is that they are so damn persistent! They won't leave me alone! But now, I have to worry about the other places since I had to close my account. It was either that, or really get in trouble as being an accomplice to money laundering! So, I chose to close my account. What do I do now about the other storefront pdls?

Posted: Thu Aug 16, 2007 12:08 pm Subject:

I'm confused . . . . Advance America just let you default and haven't contacted you for 2 years?

Posted: Thu Aug 16, 2007 12:09 pm Subject:

JoJo
Again, please do not worry about US NATIONAL BANK. They are not real. It is an illegal tactic from a collection agency, nothing more. They can not do anything to you.Absolutely nothing, Stop worring about them

jojos mom · Posted: Thu Aug 16, 2007 12:14 pm Subject: Advance America

At first when Advance America did contact me and I was trying to work out payment plans with them, the manager was very rude, she would call and prank me at work...like when I said, ok, I can do 100 a month she would start talking like the call was dropped...saying things like "hello?" "are you there?" "I can't hear you" . I got the same obnoxious lady time and time again. So finally, I just gave up, I haven't heard for them for at least two years. Strange, I know. And thanks about the US National, I was so worried about them. They have my ssn, dob, etc....all my vital info. I put alerts on my credit so they can't do anymore damage.

jojos mom · Posted: Thu Aug 16, 2007 12:15 pm Subject: Advance America

I would love to get them paid...trust me. After reading about closed bank accounts, I am really worried. But it was something I had to do.

Posted: Thu Aug 16, 2007 12:17 pm Subject:

You are really lucky Advance America hasn't sued you yet . . . . They usuall will start saying they will take legal action after like 8 months . . . .

I would try to work out payment arrangements again. Since it's been awhile, odds are good that lady doesn't work there anymore.

jojos mom · Posted: Thu Aug 16, 2007 12:20 pm Subject: Thanks for the advice

I will contact them again...I would assume they wouldn't give up on trying to collect the money. The thing that pisses me off, is that I tried to work with them on it. I don't understand why people treat you the way they do when you are trying to work with them

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