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 Posted: Thu Jun 14, 2007 12:06 am Subject: Having problems in paying payday loans |
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i have between my fiance and i 5 payday loans, just in
the past 4 to 5 weeks i've been having problems paying them, i have other bills not getting paid, these payday loan places (net) just started taking funds out of my checking without me knowing and causing checks to bounce. we are going to a debt consolidator tomorrow but not to sure they work with payday loan company's. i'm stressed like no other and don't know what to do. i've been reading and hearing a lot about town and country. i have no idea what they are or what they do. could someone please fill me in.
so desperate in ohio
toni
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thasselbach
Joined: 14 Jun 2007
Posts: 1
Debtcc Points: 65
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| Posted: Thu Jun 14, 2007 12:19 am Subject: |
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Who and how much do did you borrow?
Here is the state Info for you
| Quote: | Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. ยงยง 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website
http://www.corp.ca.gov/ |
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washred3
Joined: 26 Oct 2006
Posts: 112
Debtcc Points: 379
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| Posted: Thu Jun 14, 2007 12:35 am Subject: |
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CLOSE YOUR BANK ACCOUNT AND OPEN A NEW ONE! Take care of those bounced checks asap! The same thing happened to me! Get back control over your finances! I too lived in OH when I went through the same mess!
_________________
Passion...it is born...and though uninvited, unwelcome, unwwanted...like a cancer, it takes root. It festers. It bleeds. It scabs...Only to rupture and bleed anew. It grows...it thrives...until it consumes. It lives...and so it must die....in time.
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Leah
Debt Samaritan
Joined: 04 Mar 2007
Posts: 2333
Debtcc Points: 50556
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| Posted: Thu Jun 14, 2007 4:12 pm Subject: town & country |
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who and what is town and country and how do they help?
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Register today to cash in debtcc points.
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toni
Guest
Debtcc Points: 100
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| Posted: Thu Jun 14, 2007 5:06 pm Subject: |
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Town and Country will work with you and your ipdls. There are also other companies that will do this. But very few will work with internet payday loans. If you register as a member, you will have access to the pm (private message), and somebody can pm you contact info. for Town and Country.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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| Posted: Thu Jun 14, 2007 5:09 pm Subject: |
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And if you have internet payday loans, you need to file a complaint with Ohio's Attorney General's office, they will also forward your complaint to the Dept. of Financial Institutions who regulate these companies. More than likely your ipdls are not licensed to loan in OH. And it is very possible you can handle this situation on your own without paying others to do it for you, I was able to put a stop to my ipdls on my own. Just follow the advice given here, and which companies are you dealing with?
Knowing that info., others can share their experiences with each company and tell you how to handle them.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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