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 Posted: Fri Feb 15, 2008 6:41 pm |
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how do i pay off my payday loans? i have a total of 5 loans totaling 1,435 dollars that I can't pay pff all at once what do I do to pay them off the most that i can afford right now is 1 to 150 dollars a month. please advice?
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jvlm5783
Joined: 15 Feb 2008
Posts: 1
Debtcc Points: 86
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| Posted: Fri Feb 15, 2008 6:49 pm |
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Hello and welcome!  We can probably help you here with your payday loans. We've all been there, done that! Can you please tell us what state you reside in, who your pdls are (storefront and internet), how much you borrowed (principle amount only), and how much you have paid back (total) so far. We can help you.
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cannr
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Joined: 07 Jun 2007
Posts: 9374
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| Posted: Fri Feb 15, 2008 7:00 pm |
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And if any of your PDL's are storefronts, check and see if they offer the extended payment plan. This will allow you to make 4 equal payments over time.
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kscornell
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Posts: 3592
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| Posted: Fri Feb 15, 2008 10:00 pm |
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hi! as you have five seperate loans, you can also consider going in for consolidation or settlement. this will also reduce the amount you owe. talk to the pdl companies whether they are willing to defer the payments any longer. whatever you do, do not take another pdl to pay off your existing loans. because by this you will find yourself digging deeper and deeper into a trap from which you will find it very difficult to come out.
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laurel188
Joined: 16 Jan 2008
Posts: 110
Debtcc Points: 2507
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| Posted: Sat Feb 16, 2008 10:22 am |
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What company are you dealing with? I was dealing with Westbury Ventures and I owed them about $1300 on my loan due to all of my missed payments, I was going through a divorce though at the time and all the bills were backing up. The fees keeping adding up the longer you don't pay but, I talked to a woman there her name is Rebecca Martin and she settled my defaulted loan for the principle and only the fees up until the I called her to work something out, she stopped all the fees and I sent her a payment to stop the fees then on my next payday we settled the account in full for the priciple. Hope that helps! [/left]
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payoff
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| Posted: Sat Feb 16, 2008 11:53 am |
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jvlm, as you can see, you have plenty of members who are willing to help you with this! If you get time, please list out who you owe and what you owe. We would be more than happy to help you through it!
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cannr
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| Posted: Sun Feb 17, 2008 8:17 am |
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My own stupidity. I would love to figure out how I can get out of the cycle... stretch out the payments and get out of this hell.
I live in NH
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isunkmy boat
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| Posted: Sun Feb 17, 2008 8:48 am |
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I will post the laws for your state. we can help you here.Please list for us:
who your lenders are
how much borrowed from each
how much in total paid back to each
which are store front, which are internet
Once we get this info we can help get you out of this mess.
| Quote: | New Hampshire State Information
Legal Status: Legal
Citation:
N.H. Rev. Stat. Ann. ยง 399-A:1 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: Not Specified (After default: 6% per year)
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, extend; borrowers can renew to obtain additional cash but prior loan must be paid in full from proceeds of new loan and marked as such)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees:
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: New Hampshire State Banking Department
Address: 64B Old Suncook Road Concord NH 03301
Phone: (603) 271-3561
Fax: (603) 271-0750
Regulatory Contact: Mary Jurta,, Director, Consumer Credit Division
Regulator Website
http://www.nh.gov/banking/ |
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kashzan
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Joined: 11 Jul 2007
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| Posted: Sun Feb 17, 2008 5:21 pm |
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kash posted your NH state pdl law for you to see. No rollovers allowed. That's good. Criminal action prohibited. That's good. Now we just need for you to list out who your pdls are with the information kash asked for.
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cannr
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