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Posted: Mon Sep 17, 2007 12:28 pm Subject: Payday Loan Help in IL

I have quite a few payday loans and I would like to get this taken care of ASAP.

Check N go - In store-$700 - $568.48 paid
United CashLoans - $300, haven't paid yet
UpfrontCash - $300, $90 paid
US Fast Cash - $250, $60 paid
Check N Go online - $750, #$308.44 paid

DOes anyone have any suggestions? THank you!

Posted: Mon Sep 17, 2007 12:44 pm Subject:

Goudah or Cannr will be by shortly with their information regarding this situation, since they are extremely knowledgable in the money and math aspect. Keep checking back.

Posted: Mon Sep 17, 2007 12:59 pm Subject:

Hi Lucy...welcome to the board. We are here to help. First off, here are the laws for your state. Nice job listing everything out Wink

Posted: Mon Sep 17, 2007 1:01 pm Subject:

I forgot to mention that Volleyball mom may stop by too. Laughing

Posted: Mon Sep 17, 2007 1:04 pm Subject:

The Check n Go loans are going to be licensed and lending legally. You will need to set up some sort of payment arrangements with them.

The internet based companies are probably not licensed. You will need to close your bank account to stop these places from taking more money. Please read this sticky regarding some important information you need to know BEFORE you close the account.

Posted: Mon Sep 17, 2007 1:06 pm Subject:

LOL Anthony! Laughing

I am trying to graduate from grasshopper to helper status Smile

Posted: Mon Sep 17, 2007 1:06 pm Subject:

Question - With your Check n Go loans, at each payday do you have to pay off the entire loan, and then reborrow? Or do you only pay the rollover fee? Also, how long have you had the loans for? If they are longer then 45 days, did Check n Go require you to wait a week before you reloaned?

Posted: Mon Sep 17, 2007 1:25 pm Subject:

For both Check N Go loans, they are installment loans. I make payments 2 times a month..

Posted: Mon Sep 17, 2007 6:10 pm Subject: Re: check N go payday load

I am going to be working with Langhorne to get my online payday loans taken care of. How do I go about resolving this one ~Check N go - In store-$700 - $568.48 paid.

Is there anything I can do?

Posted: Mon Sep 17, 2007 7:58 pm Subject: reply

lucy, if I may ask, why are you going to have Langhorne deal with your internet pdl's? Not that there is anything wrong with that; however, of the three of them, none are licensed, which means illegal, which means you only owe the principle amount of the loan.
United Cash Loan - borrowed 300/paid 0/owe 300
UpFrontCash - borrowed 300/paid 90/owe 210
USFastCash - borrowed 250/paid 60/owe 190

Posted: Tue Sep 18, 2007 5:48 am Subject:

DO you just suggest that I pay the principal? Do I need to close my checking account?

Posted: Tue Sep 18, 2007 6:04 am Subject:

It is suggested here that you do close your checking account. Please read the sticky regarding closing your account.
Closing it insures that these companies can not debit you anymore. Please be sure however that your bank does not force open closed accounts if an ach debit hits.
Open another account in a completely unrelated bank, and never give out your new banking info.
Doing this will enable you to gain control of your finances. It will give you a full paycheck, and the ability to take care of your other bills. Food , rent , and utilities before IPDLS.

Posted: Tue Sep 18, 2007 7:02 am Subject:

The installment loans with Check n Go will have to be handled differently then the pdl's. They are probably backed by the First Bank of DE. They are legal. Check n Go can be very hard to deal with, and they can take actions to collect on the debt.

My suggestion to you would be to deal with these 2 loans first. Any extra money you have each month, throw at these loans. You need to get these loans paid off as soon as possible. The illegal/unlicensed internet loans can wait.

Please do close your bank account. Please read the sticky about some information you must know before you close the account.

Posted: Tue Sep 18, 2007 9:21 am Subject:

What if the certain internet PDL places have a statement on their website about if you close your account, blah, blah, blah??

Guest · Posted: Tue Sep 18, 2007 9:28 am Subject:

I have 1 Check N Go at a store and the other is online.. If I close my account, how will the online CNG loan be paid? Would I just have to call them?

Posted: Tue Sep 18, 2007 9:33 am Subject:

Hi lucy-ALL pdl's will advise that if you close your account, they will try to collect and they will say anything! Those are their tactics! According to the laws posted, they cannot arrest you or file crimial charges for closing the account.

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