Navigation
  #1  
Old 10-08-2008, 11:55 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default Payday Loans
I have two payday loans and other various debts....Is there a way to pay the loans and my other debts in monthly payments?
Reply With Quote Quick reply to this message
  #2  
Old 10-08-2008, 12:31 PM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
  
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,610
Default
You could probably settle the payday loans yourself. If you'll give us a little more information, we'll try to help you.
State you reside.
Names of pdl's.
Internet or store front.
Amount borrowed.
Amount paid.
Reply With Quote Quick reply to this message
  #3  
Old 10-08-2008, 06:35 PM
Anonymous
Guest
  
Posts: n/a
Credits: 0 [Check]
Default
There are debt settlement companies that do pdl's but what you described is consolidation. The only company I know of that does that with pdl's is Town & Country.
Reply With Quote Quick reply to this message
  #4  
Old 10-09-2008, 04:33 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default
I live in Alabama. HELP!!!!!

Cash Call----I borrowed $1500.00-----I have paid back about $380.00

Advance America------I borrowed $500.00----I have to keep borrowing every two weeks and the fee is $87.50 each time.
Reply With Quote Quick reply to this message
  #5  
Old 10-09-2008, 04:38 AM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
  
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,610
Default
Are these store fronts? If they are, find out if they're members of the CFSA (The Community Financial Services Association), if so, you are entitled to the EPP (Extended payment plan), which will allow you to pay them off in four seperate payments on each payday! But you must go in and ask for the EPP plan before you default. I'm thinking cash call is an installment type of loan?? If they are, the payday loan laws would not apply to them.

Quote:
Alabama State Information

Legal Status: Legal

Citation:
Ala. Code § 5-18A-1 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 10-31 days
Maximum Finance Rate and Fees: 17.50%; 3%/month after default
Finance Charge for 14-day $100 loan: $17.50
apr for 14-day $100 loan: 456.25%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: None (max $ amount of loans at one time: $500)
Rollovers Permitted: One (rollover)
Cooling-off Period: Next business day after 2 continuous loans repaid
Repayment Plan: Yes

Collection Limits:
Collection Fees: One $30 NSF fee; Court Costs; Reasonable Attorney's Fees up to 15% of face amount of check
Criminal Action: Prohibited (Unless check returned due to closed account)

Where to Complain, Get Information:
Regulator: Alabama Banking Department
Address: P.O. Box 4600 Montgomery AL 36103
Phone: (334) 242-3452
Fax: (334) 353-5961
Regulatory Contact: Arlene Baldwin, , Consumer Services Specia.list, Bureau of Loans

Reply With Quote Quick reply to this message
  #6  
Old 10-09-2008, 04:49 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default
I'll check...Advance America is a storefront and Cash Call is a loan I received over the internet. Thanks for the reply!!!
Reply With Quote Quick reply to this message
  #7  
Old 10-09-2008, 04:52 AM
wssu91's Avatar
wssu91 wssu91 is offline
Senior Member
  
Join Date: Mar 2008
Posts: 514
Credits: 2,617
Default
Cash Call is not a payday loan....You will need to work out a payment plan with them but be warned they are hard to work with.
Reply With Quote Quick reply to this message
  #8  
Old 10-09-2008, 04:55 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default
What would be my first step with Cash Call?
Reply With Quote Quick reply to this message
  #9  
Old 10-09-2008, 04:57 AM
wssu91's Avatar
wssu91 wssu91 is offline
Senior Member
  
Join Date: Mar 2008
Posts: 514
Credits: 2,617
Default
Tell them you are having financial problems and you wish to pay the loan back. Tell them what you can afford to pay.
Reply With Quote Quick reply to this message
  #10  
Old 10-09-2008, 05:08 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default
Right now I pay $169.00 a month(which they debit form my account at the beginning of every month)...so I should just give them a call and say "I want to pay $50.00 a month". Really?
Reply With Quote Quick reply to this message
  #11  
Old 10-09-2008, 06:57 AM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
  
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,610
Default
Unfortunately it isn't going to be that easy, if they're debiting your account you'll need to revoke their authorization to do so, this is perfectly legal. However, I'm not that familiar with Cash Call so I can't say whether they will adhere to your revocation or not, but based on some of the posts by other members here at this forum, it seems they aren't very easy to work with. You're going to need to contact them one way or another and explain the hardship this payment is having on you, also explain that you will need to send them payments by USPS via money orders. Good luck!
Reply With Quote Quick reply to this message
  #12  
Old 10-09-2008, 07:34 AM
honey77 honey77 is offline
Junior Member
  
Join Date: Oct 2008
Posts: 14
Credits: 206
Default
I've noticed that other people have closed their bank accts. Do you think I should I do the same and then contact Cash Call?
Reply With Quote Quick reply to this message
  #13  
Old 10-09-2008, 08:19 AM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
  
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,610
Default
Well, I guess if it were me that's what I would do, and I would just tell Cash Call that there was some illegal activity occuring on your account, therefore it had to be closed out. That only leaves them with one option, if they want their money back, and that is payments through USPS, and my option would be money orders. Just keep in mind it's important that you try to get them to agree to setting up a payment plan you can afford, I have no idea how they will respond. :?
Reply With Quote Quick reply to this message
  #14  
Old 10-09-2008, 09:34 AM
Anonymous
Guest
  
Posts: n/a
Credits: 0 [Check]
Default
Thanks for all your help!!! Your info has really helped me and will start the ball rolling today!!! I'll let you know how it turns out.
Reply With Quote Quick reply to this message
  #15  
Old 10-09-2008, 11:45 AM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
  
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,610
Default
You're welcome, please keep us posted!
Reply With Quote Quick reply to this message
Reply

Quick Reply
Name:
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
  
Decrease Size
Increase Size
Options

«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 06:03 PM.




About Us | Contact Us | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services Navigation