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 Posted: Fri May 18, 2007 10:18 pm Subject: overwhelmed with payday loan |
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Hello,
There is so much good information on this site that I have been reading for about 3 hours. But now I am overwhelmed and give up and am asking for your assistance. 
I am looking for information about consolidating payday loans. I am in California, just closed my checking account today, and this is who I owe (I have paid off the storefronts and these are all Internet lenders.)
PayDayOne: original loan was $250
Check N Go: $255
CashBorrower: $500
MyCashNow: $450
Ameriloan: $500
WebPayDay: $500
Mesa Financial: $325
I am current with all of these companies ... well, I was current as of this afternoon, before I closed the checking account. I have paid quite a bit of extension fees to Mesa Financial, MyCashNow and WebPayDay, and have renewed many times with Check N Go and PayDayOne.
I keep seeing mention of a company called T&C ... do you have contact information for them? I sort of feel guilty about doing this, because I feel like I got myself into this mess and I honestly do owe at least 3 of these lenders. I would like to take care of the debts as honestly as I can, but I have no idea even where to start. I have looked at the legal info for the state of California, but it is all Greek to me.
I hope I've given you all the info you need. Sorry this is so long, and thanks in advance for your help!
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redpen
Joined: 18 May 2007
Posts: 2
Debtcc Points: 221
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| Posted: Sat May 19, 2007 3:20 pm Subject: |
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hey redpen, welcome to the site.
Town and Country Associates handle paydayloans and other creditors as well. Im not sure about where you live if they do it in your state. One of these reps here should be in contact with you soon to answer your questions. I must say that you came to the right spot for support, almost everyone here is either going through what you going through or has been there. Hang in there, it will get better.
james
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Lukeskywalker
Joined: 19 May 2007
Posts: 1858
Debtcc Points: 16039
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| Posted: Sat May 19, 2007 4:03 pm Subject: |
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A lot of companies will include payday loans in a program if you have credit card debt, too. But a lot more won't touch them. As far as I know Town & Country and Langhorne debt solutions are the only ones that have programs specific to payday loan problems. But Langhorne only does payday loans. If you have other kinds of debt, too, T&C is the way to go and they have a great reputation.
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FreakyFriday
Joined: 13 May 2007
Posts: 357
Debtcc Points: 4896
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| Posted: Sat May 19, 2007 5:21 pm Subject: Drowning... |
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I just signed up today. I have so many questions, maybe someone could help me answer them. I would be very grateful.
-Does anyone have a website or phone number for Town & Country? I am swimming in both payday loans and credit card debt and need some serious help. Immediately.
-A more general question...how do I post a blog of my own? I know that there is an online journal that is part of this and I would like to share my story and my progress, but I can't figure out how to do it. One of those airhead moments...
Thanks
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heather225
Joined: 19 May 2007
Posts: 1
Debtcc Points: 37
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| Posted: Wed May 23, 2007 1:57 pm Subject: |
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I'm bumping this because no one has PMed me with the info on T&C ... could someone please send this to me? Thanks!
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redpen
Joined: 18 May 2007
Posts: 2
Debtcc Points: 221
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| Posted: Wed May 23, 2007 1:59 pm Subject: |
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I am going to also pm you the name of another company that will consolidate pdls storefront and internet. They do not require you to have credit card debt in addition to pdl debt.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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| Posted: Wed May 30, 2007 12:22 am Subject: need info on these companies that consolidate pd loans |
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I live in Texas and need some info on how to get out of payday loans I want to pay them off but I am running in circles, does anybody know if there are any condolidating companies in Texas or what the law is all of my pd loans are storefront
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Ploof
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Debtcc Points: 100
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| Posted: Wed May 30, 2007 4:54 am Subject: |
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Ploof,
Welcome! First off, how many PDL's do you have, for how much and are they internet or storefront? And Redpen, I can tell you that most of the IPDL's you listed are not licensed in California. Definately make arrangements to payback what you LEGITIMATELY owe, but not a penny more. In the case of ameriloan, I can tell you that they will call you to death, but you have to make sure to send them a cease for communications via phone.
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kscornell
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Debtcc Points: 32756
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| Posted: Thu Jun 07, 2007 12:22 pm Subject: PAYDAY LOANS |
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I have about 5 payday loans out i live in the state of nj. I have got to the point that i cant pay them what can i do
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msmith1968
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| Posted: Thu Jun 07, 2007 12:44 pm Subject: |
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Mssmith1968, what are the names of the companies you're dealing with, how much did you borrow on each and how much have you paid back so far? Also, are these internet or store front loans?
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dbaker6
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Joined: 25 Aug 2006
Posts: 1609
Debtcc Points: 13841
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| Posted: Thu Jun 07, 2007 12:53 pm Subject: loans |
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tendollarpayday 300 (extend three time at 90 and now paying the fee plus 50
amerloan 250 (just paid the 75 extend fee have another one coming today.
loan shop 300 paid 45 exten fee
loan shop 300 paid 45 exte fee
cash direct express 300 paid 66 and today will be another 66 exten fee
xpresscash 300 have paid 90 exten fee for about 7 times
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smithmapleshade
Joined: 07 Jun 2007
Posts: 16
Debtcc Points: 564
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| Posted: Fri Jun 08, 2007 10:23 am Subject: PAYDAY LOANS |
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i have a about 5 out. i live in nj and internet loan
amerioan 250 (150)
tendollarpayday 300 (4 ext at 90 now paying 50 also
loan shop 300 (45 weekly
loan shop 300 (45 weekly
xpress 300 (90 for 180 a month for 3)
cashexpress 300 (66 twice )
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dsmith5564
Joined: 08 Jun 2007
Posts: 1
Debtcc Points: 22
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| Posted: Fri Jun 08, 2007 10:40 am Subject: PAYDAY LOANS |
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need help have about 5 out in the state of nj i live
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bubba1207
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| Posted: Sun Jun 10, 2007 7:22 pm Subject: payday loan problems. |
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I live in Tn. and I'm in debt with 3 payday loan companies Payday Select,Payday Okay, and Payday One.I have been paying on these loans for at least 6 months.I borrowed 500,500,and 400.They have been taking a lot of money out of my account and I just can't afford it anymore!I can't figure out the laws in my state.HELP!
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mary clark
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| Posted: Sun Jun 10, 2007 7:58 pm Subject: |
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Mary - welcome to the site!
Here are the payday laws for Tennessee:
| Quote: | Legal Status: Legal
Citation:
Tenn. Code Ann. §45-17-101 et seq. and Tenn. Comp. R. & Regs. § 0180-28-.01
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $30 NSF Fee; Court Costs
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill,
Regulator Website
http://www.tennessee.gov/tdfi/ |
What this law basically says is this:
-You cannot be arrested for defaulting on a payday loan - criminal action is prohibited (however civil action is possible if the lender is operating legally)
-You cannot have more than 3 loans out at one time (2 per licensed lender)
-The loans cannot be "renewed" or "rolled over" or consolidated - this means that any company allowing you to pay a finance charge in order to extend the loan is doing so in violation of your state law.
How much have you paid on each one? And are these internet or storefront loans?
Let us know that info, and one of us will be able to offer more advice. 
(and as always, if someone feels I have made a mistake in the interpretation of the law, please speak up! )
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SUEBEEHONEY70
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| Posted: Sun Jun 10, 2007 9:38 pm Subject: pay day loan problems |
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Thank you so much suebeehoney70.All of these are inter net loans.I have given Pay Day OK 723.00 all together with 310.00 towards the principle.The rest is just the fees.I refinanced 3 times and there were fees.100.00,32.14,and 54.29.I got the loan 11/21/06.I have borrowed money from these people 3 times and paid each loan back. This is all the info I have right now but will be sending the rest shortly.Thank you so much!
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mary clark
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