Debt Consolidation Care Answers
Debt Consolidation Care Answers

 

How do I get out of this mess I created?  

1
How do I get out of this mess I created?? I need step by step instructions on how to free myself. Please help!
 

asked Aug 23, 2007 09:38 AM

sdavis

25Answers

0

Hi, welcome to the forums. You have come to the right place. Please tell us how much each loan was for and from which lender. Also, how much you have paid each one so far and the State that you live in. That way we can help you determine what you legally owe.
You must close or freeze your checking account immediately so that you can breathe and deal with these companies on your terms, not theirs. Tell your payroll dept that you need to get a live paycheck for a while.

answered Aug 23, 2007 09:41 AM

0

Before you close your account check with your bank and find out what there policy is for closed acoounts and ACH withdrawals. Be up front with them. Some banks will force open a closed account for an ACH. Then you will wind up owing money to the bank as well.

answered Aug 23, 2007 09:43 AM

0

1. Paychecktoday $350.00 (0)
2. Paychecknow $200.oo (120)
3. CashnetUSA $300.00 (90)
4. Loan Point USA $200.00 (60)
I live in Pennsylvania...There may be a couple more loans but I am not sure at this time.

answered Aug 23, 2007 09:46 AM

Anonymous
0

Do the numbers on the right include any extension or rollovers that you might have paid or just what they have applied to you loans?

answered Aug 23, 2007 09:56 AM

0

The numbers found on the right are the extension fees paid on the loans.

answered Aug 23, 2007 10:01 AM

Anonymous
0

Here are the laws for your state. Payday loans are prohibited. Pay them back the principal you borrowed and that that. Do it as you can afford it and by money order only. Hopefully someone with PA savvy will be along shortly. There are a lot of members from your State. Cardinal rule: No communication without documentation. Do not use a debit card or a check or a credit card. They will clean you out!

answered Aug 23, 2007 10:02 AM

0

Pennsylvania State Information here http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

answered Aug 23, 2007 10:08 AM

0

So should I stop all ACH transactions from being withdrawn from my checking? Then they will contact me and I can make payment arrangements with them. Is this correct? Paying them back with a money order as much as I can at a time? Right?

answered Aug 23, 2007 10:10 AM

Anonymous
0

Because they are unlicensed and illegal in your state you may consider filing complint against them with the attorney general and the Dept of Banking. Cash Net is probably legal in Pa as they find loopholes in Stae laws and become licensed as "brokers" charging fees not interest.

answered Aug 23, 2007 10:12 AM

0

PA allows out of state licensed lenders to charge you the allowable interest in their home states.

Cashnet USA is licensed all over the place and I believe they do business in PA under NV laws (which is completely legal).

LoanPointUSA is licensed in UT and will use the applicable law of their home state to govern your loan. (which is also completely legal)

I am not too familiar with the other two and do not know for sure if they are licensed lenders. Hopefully, someone will come along who does know to help you out on those.

answered Aug 23, 2007 10:13 AM

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