Pay day loan debt

Joined: 24 Mar 2008 Posts: 28 583 Debtcc Points

need any and all advice on how to get out of payday loan debt....

Posted: Mon Mar 24, 2008 7:17 am

We can help you here. Please list for us your lenders, how much borrowed from each, how much repaid to each, internet or store front, and the state you live in.Once we get this info , we can begin to help you.

Joined: 24 Mar 2008 Posts: 28 583 Debtcc Points

OK Here is where I stand.
GRC Funding(300) $90 fees pd already $360 in fees internet just pd my first $50 toward spin down, antother $50 plus fees due this friday.
Loanshop (300)$45 fees pd already $540 in fees-internet
Big (200)$40 fees pd already $840 in fees-internet
Paycheck (200)TOday $60 fees-internet
GFSIL (200)$60 fees-internet
Geneva Roth (300)$90 fees pd $1260 in fees
Advance American (550)$62 in fees-in store hard telling I go from 1 store to the next when time for cool off period.
I live in Indiana

Posted: Mon Mar 24, 2008 9:58 am

Posted: Mon Mar 24, 2008 10:04 am

GRC have you already paid 410.00 against a 300.00 loAN? Please clarify.
Big will not be licensed anywhere . It is highly illegal. You are only obligated to pay the principle borrowed. Looks like you have way overpaid them. We need to check if any of your other loans are licensed to lend in your state. For your store front if they are members of the cfsa you can get an extended payment plan. It allows you to pay off in 4 installments with no added intrest. You need to go into the store prior to defaulting and ask for this. We need to see if your other loans are licensed in your state.

Posted: Mon Mar 24, 2008 10:08 am

Loan shop, Geneva roth , and Paycheck today, I could not find them as being licensed in your state. As of July 2007 internet loans in Indiana must be licensed in that state. You have way over paid Geneva and Loanshop.

Guest · 100 Debtcc Points

so what happens at this point if I have overpaid them. How can I stop this without closing out my checking account.

Joined: 24 Jun 2007 Posts: 1146 4951 Debtcc Points

guest,i wish i could say you can stop it without closing or putting a hard block on your account.that is not the case,you will have to put a hard block on or close your account.pdl's will debit indefinitley,if you allow it.even if you revoke authorization,they will still attempt to debit.

Joined: 24 Mar 2008 Posts: 28 583 Debtcc Points

GRC Funding i have pd 4x at $90 plus $50 towards principal. What can I do at this point.

Posted: Tue Mar 25, 2008 6:42 am

As Paul said , At this point you need to close your account asap. Nothing can be done until your account is safe. I know its a pain. Most of us went thru this, but it is the only way.

Joined: 24 Mar 2008 Posts: 28 583 Debtcc Points

I am considering Town and Country to make payment arrangements with all of the loans, has anyone used them and will this stop the debits from my accounts. I don't want to have to close, my husband is not aware of this and it is a joint checking account.

Joined: 24 Jun 2007 Posts: 1146 4951 Debtcc Points

i feel for you,but a lot of pdl's will just keep debiting.you have to bite the bullet and tell your husband.it is a major pain,but closing your account is the only way to get them to work with t&c.

Posted: Tue Mar 25, 2008 6:52 am

What payment arrangements? Some of your loans are already overpaid and due refunds. If these loans are not licensed why do you want to pay more and more.
That said, if you put Town and country in the search box above you can see people's experiences with them.
You will be paying these loans forever if you do not close the account.

Joined: 24 Mar 2008 Posts: 28 583 Debtcc Points

ok, how do I get the refunds... I just want them out of the way and done. What steps do I take, other than closing the account.

Posted: Tue Mar 25, 2008 7:00 am

Without closing your account or putting a hard debit block on it , there is nothing you can do. You have overpaid BIG 640.00, and they will continue to take your money forever, as will the others.