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Posted: Sun Jun 15, 2008 5:27 am Subject: What does always payday do?

I live in ohio, i have a storfront pdl with always payday 4 $500 + $75 fee + 24$ return check fee. Of course it has not been paid to them yet, some guy named Deek (sp?) has called me twice and left me messages both time saying, "u know why i am calling, you need to call me back or go into the store ad take care of your obligation, its time for you to start acting like an adult". I cant pay that whole amount right now, that is why i hhave not called them back, because i now they are calling to get their money , but i do not have it right now. What should i do? Has anyone had any experience with this company before as far as what do they do when you have not paid your loan, and the check has been returned? Do they work with you, take you to court, etc.?

Posted: Sun Jun 15, 2008 6:56 am Subject:

I am not sure of the state laws of Ohio, but many other states have a new payment plan that takes effect after a certain amount of time if it becomes into default. Most store fronts in all states are legal so you have to pay at least the princapal. Go into the store in person, do not wait. I am sure it will be one of the hardest acts you will ever have to do, but after you work something and give them something, you will feel better. Do not wait, that is how this problem will get bigger and bigger. Someone else will come along with more infomation that will help you with this also very soon.

thanks and good luck

Posted: Sun Jun 15, 2008 10:47 pm Subject:

If you don't have the money to pay the debt immediately, you should try to talk the creditor into a repayment plan. Call them up and explain your financial situation to them and then propose a payment plan. They may agree to it.

As pdl is legal in Ohio, the original lender may file a case against you if he wants. But they can't take any step against you, like garnishing your wage or so, till they get a judgement against you.

Posted: Mon Jun 16, 2008 12:00 am Subject:

If you are not in a position to pay the outstanding debt you can ask your lender for arranging an installment scheme through installments. Now, if your lender refuses to work-out a plan then you can ask help from the payday loan regulator of your state: -

Ohio Division of Financial Institutions
77 South High Street, 21st Floor Columbus OH 43215
Phone No. : - (614) 728-8400

It has been witnessed that the lenders are not complying with the rules even if payday loan is legal in your state. In such a case, the regulators may help you in working out a payment scheme with the licensed creditors.

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