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Vick

i have payday loans they do say CSO what happens if i default on these.

Posted: Tue Dec 04, 2007 11:19 am Subject:

You are going to have to provide more information Vick. What state do you live in? What is the actual name of the companies and how much did you borrow and how much have they taken out already....

vick · Posted: Tue Dec 04, 2007 11:22 am Subject:

I live in Texas. i have cash store, cash advance, payday loans and also an internet one

Posted: Tue Dec 04, 2007 11:24 am Subject:

So those 3 are store fronts? Then you need to make arrangements with them... They will have to make arrangements if they are part of CFCS (is that the right acronym?), as long as you do it before you default!

But again how much did you borrow from each of those and how much have you paid them back in total?

vick · Posted: Tue Dec 04, 2007 11:27 am Subject:

i borrowed a total of 3000. and have only paid interest

vick · Posted: Tue Dec 04, 2007 11:27 am Subject: how would i know

how would i know if they are part of the cfcs and waht about the internet one

Posted: Tue Dec 04, 2007 11:32 am Subject:

POKO, How are you? I think you meant cfsa. But in texas they are usually cso i think.

Posted: Tue Dec 04, 2007 11:33 am Subject:

So they are store front.

I wish someone with more experience with this would jump in!

I don't know how to tell if they are, other than going and asking them... As long as you do it before you default, otherwise they aren't obligated to help you.

And I need specifics for the amount borrowed, list each company how much you borrowed from that company and how much you have paid them total.... Especially the internet one. If they are operating illegally and you have overpaid your balance then we can give advice on how to take care of them. As for the storefronts, the information is not as useful but gives us an idea on how bad it is.

Provide it like this
company name/amount borrowed/amount paid (fees/interest/principal doesn't matter, just total amount)
and do that for each company please....

vick · Posted: Tue Dec 04, 2007 11:33 am Subject:

what is it that i can do. they have to make payment arrangements and how does that work.

Posted: Tue Dec 04, 2007 11:34 am Subject:

so in Texas if they are CSO they aren't cfsa and they don't have to help?

Posted: Tue Dec 04, 2007 11:37 am Subject:

I will check now to see if they are members of cfsa. I would doubt it though

Vick · Posted: Tue Dec 04, 2007 11:39 am Subject:

DOES THAT MEAN THEY WILL NOT MAKE PAYMENT ARRANGEMENTS WHAT IF I DEFAULT CAN THEY PROSECUTE.
to dollar advance 1000 is the loan interest 300 every 2 weeks have renewed 3 times never paid on principle 900 paid on interest
1000 with cash store also every 2 weeks 200 interes and have renewed for 3 mths paid 800 on interest.
pay day loan 650 130 interest have renewed 3 mths
also 780 in interest alone the internet is payday one and it is 500 dollars.

Posted: Tue Dec 04, 2007 11:39 am Subject:

So Vick, we are kind of at a stand still... as to what to do... Either way, the store fronts are probably operating legally and thus can do legal things to get their money... That means you will want to go and try to make a deal with them... Hopefully they are willing to work with you.

As for the internet one, what is the name of the company how much did you borrow and how much have you paid them?