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 Posted: Wed Sep 26, 2007 6:58 pm Subject: Can anyone help
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Can anyone tell me what I need to do? I have 8 online payday loans and 2 in stores in my local area and I cannot afford to make anymore payments on these loans. Everytime I get a paycheck they take so much out for fees alone that I hardly have a paycheck left.
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harrisdonna
Joined: 26 Sep 2007
Posts: 26
Debtcc Points: 1044
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Posted: Wed Sep 26, 2007 7:17 pm Subject:
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Harris
We can help. Please post for us who you have loans with, how much you have borroweed, How much you have paid to each lender(add fees and principle to get one total for each)
which are online and which are store front. Lastly please tell us what state you reside in. you have come to the right place. Most of us have been where you are now, As soon aswe get the info we can start to help
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Wed Sep 26, 2007 7:27 pm Subject:
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Figure out how much is left on each PDL and how much you have paid so far.
PDL's seem to be the worst kind of loan you can get.
You should check out the pay day loan folder and there is a lot of help there and a lot of others who are trying to get rid of them too.
I lucked out and never got one under advice from this forum.
Good luck getting them paid in full!
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surveygrrrl
Joined: 01 Jun 2007
Posts: 152
Debtcc Points: 3612
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Posted: Wed Sep 26, 2007 7:47 pm Subject:
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cashtransfercenters $381.
Cash Borrower $390, paid $90.
Payday Select $400, paid 310.64 as far as i can count.
Payday One $300, paid $435.
Payday Ok $405, paid $602.15
Fast Apple loan for $400, paid $351 as far as I can tell, but it seems like there were more debits.
TJF Corp. $260, paid $360.
Midland Market $260, have paid $360.
Cashland $467 in store.
Cash Express $460 not due yet in store.
World wide Cash Now $289, have not paid any yet
I kept getting one loan to pay off the other loan and got in a big huge mess.
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harrisdonna
Joined: 26 Sep 2007
Posts: 26
Debtcc Points: 1044
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Posted: Wed Sep 26, 2007 7:48 pm Subject:
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cashtransfercenters $381.
Cash Borrower $390, paid $90.
Payday Select $400, paid 310.64 as far as i can count.
Payday One $300, paid $435.
Payday Ok $405, paid $602.15
Fast Apple loan for $400, paid $351 as far as I can tell, but it seems like there were more debits.
TJF Corp. $260, paid $360.
Midland Market $260, have paid $360.
Cashland $467 in store.
Cash Express $460 not due yet in store.
World wide Cash Now $289, have not paid any yet
I kept getting one loan to pay off the other loan and got in a big huge mess.
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harrisdonna
Joined: 26 Sep 2007
Posts: 26
Debtcc Points: 1044
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Posted: Wed Sep 26, 2007 7:49 pm Subject:
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I am in Ky by the way.
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harrisdonna
Joined: 26 Sep 2007
Posts: 26
Debtcc Points: 1044
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Posted: Wed Sep 26, 2007 8:26 pm Subject:
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please let us know which state you live in, so we can get the laws for your state
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Wed Sep 26, 2007 8:30 pm Subject:
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Harris, you have two posts going and its getting confusing. I already posted the laws for your state on your other thread ,but i will post them here as well
| Quote: | Kentucky State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Kentucky Rev. Stat. Ann. ยง 368.010 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-60 days
Maximum Finance Rate and Fees: $15 per $100
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: Two ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (cannot renew, rollover, or consolidate)
Cooling-off Period: None
Repayment Plan:
Collection Limits:
Collection Fees: One NSF fee (if disclosed)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Regulatory Contact: Gary Davis,, Branch Manager
Regulator Website
http://www.kfi.ky.gov/
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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