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Posted: Wed Aug 01, 2007 8:18 pm Subject: I have some $3000 in Pay Day Loans

Does anyone know how to consolidate the pay day loans? I have some that total 3000 and it is killing me. Best Advice DONT DO IT

Posted: Wed Aug 01, 2007 8:26 pm Subject:

Can you tell us who you borrowed from, how much you borrowed from each one and how much total you have paid back so far to each one? Also, what state are you located in? Once you provide this information we can help you better.

With a little work on your own it is possible to get some to mark you paid in full or accept more affordable payment arrangements BUT be prepared to put some time in on it. It is time consuming but rewarding as you watch the PDL's go away!

Posted: Wed Aug 01, 2007 8:40 pm Subject: pay day loans

three internet sites
united cash 200/260
260
310
Store loans
Tennessee Quick Cash 300/330 and 140/164
Advance America 330
Check Advance 330
Cash One 330
Ace Cash Express 230
Evergreen 230
Cash Advance 230

I am from Tennessee. I have been paying for some of these for 2 years now the rest a year.

Posted: Wed Aug 01, 2007 9:20 pm Subject:

Have you tried talking to your storefront lenders? If you tell them your situation they may make arrangements with you. But most of the time they will have to deposit your check and have it returned NSF before they will make payment arrangements with you. But then your not just paying interest, the payments you make WILL be paying down the loan. But if you do this you need to have a plan and offer them at least $100 per month if not more. But just make sure you don't run yourself short on cash for the month. Because the storefronts are licensed in your state and they can take you to court. But if you have been a customer for years now they should help you through this.

Guest · Posted: Thu Aug 02, 2007 4:22 am Subject: pay day loans

There are too many for me to offer $100 a month. However, I am going to call today and see if there is anything they can help me with.

Posted: Thu Aug 02, 2007 10:03 am Subject:

You are dealing with a few internet and storefront companies. Check each of them if they are licensed in your state. They must follow the laws of your state and add the legal charges on your account. United Cash Loans is a rip off. They are affiliated with Rio Resources. Beware of them.

http://www.debtconsolidationcare.com/settlement/illegal-threat.html

http://www.debtconsolidationcare.com/paydayloan/commit-fraud.html

Guest · Posted: Thu Aug 02, 2007 3:41 pm Subject:

Thank you. But what do I do to keep them from my account the United Cash Loans. I also have two other internet ones and am not even sure of one of the names.

However, on the storefronts most of them are willing to work with me which is great! i had no idea what I was really getting myself into and this place as literally made me feel a thousand times better. It is nice to know that others are just like you

Posted: Thu Aug 02, 2007 3:58 pm Subject:

Do you have any written agreement from United Cash Loans? They are very famous for doing unauthorized debits on the checking accounts. Do a Google search on this board and read number of posts from people dealing with this pdl place. Take a print out and show it to the bank supervisor. They will be able to put a block on UCL.

Posted: Thu Aug 02, 2007 4:03 pm Subject:

Guest...why not register...and stay awhile...if you continue to read some of the posts we have on here you will learn a great deal...not only about your pdls but finance and life in general. There are a great group of people here.

You should also read the "sticky note" at the top of the 1st page of this forum about closing your bank account. Unfortunately with internet pdls..they will not stop debiting until they can not get your money any more. First you need to take care of the store fronts. As stated above they are legal...looks like they will work with you. Have you made arrangements to pay them separately from a bank debit?? If you have then the next step would be to go to your bank and explain about the illegal ipdls...United is for sure...If the other 2 are also.. then your bank needs to know...some banks will put a hard debit block on your account so no debits can get through...if they can't then you will have to close the account and it's always advisable to open a new account at a different bank. Now you must go back over your account and figure out how much you have paid each lender against what you borrowed. On the internet ones...most of us found we had over paid by our own state laws. If you post the amounts we can help you figure that....and please ask as many questions as you need to...to understand the process. There is much you can do on your own to make yourself debt free!

Posted: Thu Aug 02, 2007 7:00 pm Subject:

Do these people not check to make sure how many loans you have? TN only allows 3 advances and no rollovers.
Have you had to pay off and re-loan with storefronts?
I found that all of your companies are licensed in Tennessee, except for the following two:
Cash One and Evergreen, now, they could be licensed but they are not under those names that I saw unless there is somewhere I'm not looking. Anyway, this is unbelievable that they loaned you to the tune of 7 store front PDL's!!! CRAZINESS!!!!
You will be fine, just contact them and make sure you stick to whatever payment arrangements you make.

Posted: Thu Aug 02, 2007 7:31 pm Subject: Knowing your pain...

Welcome to our community!
After reading your post I felt a need to write to let you know there are people here that will guide you along and help! You WILL get through this!

I am in a similar situation and you may read my posts, "I live in Colorado..." and as you can see after reading, taking the advice given by this great group of Good Samaritans, within FOUR days, I didn't feel so scared, worried about what to do and felt that there was NO way out, and I hadn't a clue what to do.....other than loan MORE money!! That is the last thing you want to do at this time!

Please feel free to read my posts, then you can take similar steps. We've all been there and this site has so much information!!

Here is a piece from one of my posts for new community members:

Read as much as you can regarding your situation,LISTEN, LISTEN, & follow directions by the people who are knowledgeable and have been in the same situation as you. They know ALOT!!! And will help you!
Don't give up!!!!
Pay attention to every last detail. Get yourself a notebook and write down everything, such as dates, phone numbers, people you talked to, etc. ANYTHING that pertains to your pursuit of FREEDOM FROM PDLs!!!
Gain your sanity, life and money again!! Just relax, take your time in learning and believe me, It WILL work out!
I just started to ask questions, starting on 7/23 joining this Community and heck today is the 27th and I FEEL ALIVE AGAIN!! So I got to work things out in just 4 days! It's not complete yet...but 4 days ago I had not one idea what to do or where to go. So hang in there!!
Please feel free to ask ANY and as many questions! We are all here to help each other!

Posted: Thu Aug 02, 2007 7:36 pm Subject:

Yes we are! Ask questions, feel free to vent as much as you need. If you have a bad day, come here and talk to us! We will all help you through it, together!!!! You will actually start to have nights of sleep again, it's great! You are on the right road to get this stuff straight, just be strong, and stay away from any future loans! THEY ARE ALL EVIL!!!!

ashlee · Posted: Thu Aug 02, 2007 7:41 pm Subject:

Thanks to everyone's advice. So if Cash one and evergreen are not licensed is there anything that I can do to stop payment. evergreen told me that my check would have to be nsf and then the collections would call and I would have to pay the loan in full right then. I made arrangements to pay most of them with cash a little at a time (50-100).

Also, I thought I registered but it won't let me in. So it keeps coming up under guest.

On the internet loans, I have had two since June of 2007 totaling 260 and 260. the have taken 60 a piece out twice. The other one hasn't taken out anything yet.

The storefronts never asked me after the first time I borrowed from them if I had any out. they would just tell me to sign whatever and wherever.

Thanks for the great advice. please keep it up. i hope this is going to work for me.

Posted: Thu Aug 02, 2007 7:47 pm Subject:

As you can see, there are many of us who have been and are where you are. Looking at your loans, you have done a great job of breaking them out by lender and amount. What you need to do now is continue to break them out by lender and amount--and also next to each lender and amount put down what you have actually paid on the original loan with fees that you paid each time you renewed or rolled over the loan.
And if you have been paying on these loans for two years, I would bet a dollar that you have way overpaid them all.
If you have (which I am sure is the case), the first step is to contact each lender, demand that your accounts be marked Paid in Full (we refer to this as PIF on the boards), or you will file claims with your state's attorney general's office.
I have dealt personally with Advance America and will tell you now that they will not be easy. But you need to stay strong with this and realize that you have a whole community of email friends who have also dealt with them and can and will support you.
Hang in there. We are there for you.

Posted: Thu Aug 02, 2007 7:56 pm Subject:

Ashlee, do you have any paperwork on Evergreen and CAsh One? If so, look at it closely and see if they are under another company name. I checked the website (paydayloaninfo.org) under Tennessee DFI licensees and they are not there, but, if there is another name, I could check that also. As of right now, they are not there! If they are physically located in a building in Tennessee, they must be licensed to lend, I got that useful information (the only useful information from him) directly from one of the guys at the Department of Financial Institutions in Tennessee.. If they are not licensed, they are operating illegally. Now Tennessee DFI has not been AT ALL helpful with me on the internet ones, but, I have done a lot of them all on my own, it just takes some work, but, what doesn't. The payoff will be worth it!
Check any and all paperwork you have and get back to me, I will help you with this one as much as I can.

ashlee · Posted: Thu Aug 02, 2007 8:18 pm Subject:

I am not sure exactly what to do with the attorney general. would that just get me into trouble because I have more than my share of loans in the state of tennessee. I am not sure if i can close my bank account either because I am not sure of the TN Laws. I just want to get out of this and pay them all with the arrangements and be FREE once again.

Tennessee quick cash is from July 05 and I have been paying at least 330 every two weeks since then with an interest of 497.73%.
Advance America has been the same time 330 with 280.76%
Check Into Cash 330. for 497.73%
Ace Cash 230 for 497.73%
Cash 1 330 for 280.77%
Check Advance 230 for 331.82%
Evergreen 230 but I am not sure what the interest is because they do not give me a copy of my loan.

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