Internet's first get-out-of-debt community - 123,000 members

kford · Posted: Tue May 20, 2008 1:40 pm Subject: Help with Internet PDL

I have way to many payday loans. I was going to sign up with pdl assistance but after reading several threads it looks like you can do this yourself. Can someone give me some advice. They are all internet loans and I have closed my account.

They are:
Zip19
Payday max
Disaccount advance
One Step Cash
Instant Cash
Little Loan Shop
loanshop
big limited
GFS
Magnum_Z
FTR_processing
SDS processing
Sandpoint
B&L Marketing
Ameriloan
Paycheck Today
Upfront Payday
Rapid Cash

Any help on the process of doing this myself will be greatly appreciated or if you think I should let someone else do the dirty work ... just want good advice.

Thanks,

Posted: Tue May 20, 2008 1:41 pm Subject:

Please let us know what state you lived in, how much borrowed from each and how much already paid to each.

kford · Posted: Tue May 20, 2008 1:57 pm Subject:

I live in SC and I will have to repost how much I paid into them.

Zip19 500
Payday max 260
Disaccount advance 500
One Step Cash 300
Instant Cash 500
Little Loan Shop 300
loanshop 300
big limited 200
GFS 200
Magnum_Z 200
FTR_processing 300
SDS processing 300
Sandpoint 300
B&L Marketing 300
Ameriloan 350
Paycheck Today 400
Upfront Payday 500
Rapid Cash 200

Posted: Tue May 20, 2008 1:59 pm Subject:

South Carolina State Information

Legal Status: Legal

Citation:
S.C. Code Ann. 34-39-110 et seq.

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Lesser of: NSF fee of $10 or actual charge
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: South Carolina State Board of Financial Institutions
Address: Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulatory Contact: C. Dean Bratton,, Commissioner of Consumer Finance
Regulator Website

Licensee Database

Complaint Instructions Note: File complaints with Department of Consumer Affairs, through State Board of Financial Institutions is the regulator

Complaint Form Link

Online Resources:

Posted: Tue May 20, 2008 2:00 pm Subject:

I can tell just from looking at your list tha some of your loans are not even legal, and not even located in this country.

vicky · Posted: Tue May 20, 2008 2:42 pm Subject:

if they are not legal, are we obligated to pay anything more than the principal?

Posted: Tue May 20, 2008 2:44 pm Subject: reply

no you are not,in fact three are illegal,two are overseas and basically the same.ameriloan is MTE therefore you are done.BIG anf GFS are basically the same company.you are also done with them.

Posted: Wed May 21, 2008 4:30 am Subject:

Please do list the amounts that you have already paid to the others.

kporter90 · Posted: Wed May 21, 2008 6:21 am Subject: PDL Ohio

Ohio is about to pass a law that will more than likely close PDLs here. I'm happy. BUT...what will happen with those of us who may still have a loan out? Do they set up payment plans? What if they close early? Can they deposit the checks? We have 4 loans out, owing $575 each place. (Fell into the trap, needing $500 for an emergency, something else happened before we could pay back, etc.) Sad

kford · Posted: Wed May 21, 2008 11:53 am Subject: Help -- I have paid way to much

Again I live in SC and have closed my bank account.

Here are my loans, how much I was loaned and how much I have paid back.

Payday max 260 -- paid 158.93
Disaccount advance 500 paid 265.63
One Step Cash 300 paid 711.67
Instant Cash 500 paid 150
Little Loan Shop 300 paid 810
loanshop 300 paid 180
big limited 200 paid 780
GFS 300 paid 455
Magnum_Z 200 paid 480
FTR_processing 300 paid 990
SDS processing 300 paid 1170
Sandpoint 300 paid 1440
B&L Marketing 300 paid 540
Ameriloan 350 paid 315
Paycheck Today 400 paid 240
Upfront Payday 500 paid 750
Rapid Cash 200 paid 89
US Fast Cash 350 paid 210

I have so overpaid some of these. I have read people getting refunds. Should I attempt to collect on my own or use PDL assistance. I appreciate all the help.

Posted: Wed May 21, 2008 12:05 pm Subject:

It's really your call -

You can do it yourself and save the money. But it will take time and effort. There will be ups and downs, frustrations and happiness, headaches and screams. But many find it's well worth the effort to save the money and have more control over the situation.

Or you can pay a company to do it for you. Then you don't have to deal with the companies yourself. That in itself is a good reason to hire a company. These places can be very nasty to deal with.

As I said, it's really a personal decision. You have to decide what will be best for you.

kford · Posted: Wed May 21, 2008 12:07 pm Subject:

How do you go about getting refund on your overpayment. I have overpaid several of them for a total of 5000 dollars.

mslibra1019 · Posted: Wed May 21, 2008 12:31 pm Subject:

I am using Langhorne debt solutions. They know how to deal with the agressive PDL's and can negotiate with the lenders and make payment plans. You did right with closing your account because that is the first step Langhorne will have you do and they will also need to be your temporary power of attorney. Once you call them, they will give you all the details of how much you will pay them each month according to how much you owe to the lenders and once the they receive their first payment from you and it is processed, you will receive a welcome letter from them with a list of your lenders and what the relationship between them and Langhorne is and the ones that they have not dealt with. Also if PDL's are illegal in your state contact the Attorney General Office for assistance.

Personal contact info removed for your safety - Goudah

Posted: Wed May 21, 2008 12:37 pm Subject:

Many people have had experience with Langhorn, good and bad.

If you do go with a company, be sure to do your homework and research the company first. There are lots of scams out there . . .

Julianne · Posted: Wed May 21, 2008 12:39 pm Subject: Help with a assistance referral

I have two internet loans out and 4 store front. Langhorne said they couldn't help me with store front. Can anyone suggest a company who could help with both so I can get this monkey off my back? appreciate any help or advice. I am in Ohio.

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - 123,000 members

Help with Internet PDL

Members Area

Free Debt Counseling

Ask the community

Featured Discussions

Featured Articles

Question of the Month

Useful Links

Recent Forum Discussions

Recent Blog Post