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wendylynn93 · #1 09-17-2008, 03:37 PM

I am still stuck with these pdl, I have pd a couple of them off, but they just wont go away and still seems to be piling up...
I was looking into cash call, i know the interest is high, but so are my pdl, i was thinking if i could get enough to pay off these pdl i would be saving almost $1000 in fees from the pdl. I think this is high interest either way, but if i coud get the funds it would be much easier to pay the $200/month compared to over $1000 in just fees i cant catch up on.
I know im jsut thinking of rolling it into one thing to the next, but i would get away from many and consolodate into one.
Any thoughts on this, i havent closed my acct, it is still in the negative and i cant get out of the hole!!
thanks

ladybug · #2 09-17-2008, 07:35 PM

Before going to that extreme maybe we can help you so that you don't have to go to cash call. Please list your state, if these are store front pdl's or internet, that names and amounts that you have paid back and someone will post your pdl laws and we can go from there.

puddlejmpr · #3 09-17-2008, 07:51 PM

If I remember right from the TV ad you would get a $2500 loan and end up paying something like almost $8000 back.

Do as Lady asks and we may be able to help you do this on your own. Plus it would end up saving you thousands in interest to cashcall. I am not against them but they are not licensed in my state anyway (thank god) but I would hate to see you get into an even bigger mess than you are in now. Take it from me, I had out 10 internet loans and 10 store front loans and 2 loans from family members at one time just because of payday loans. I was paying $4000 a month just in roll over fees. I did it on my own, well not really on my own but with the help of many here from this site. I now have 3 in collections that I am paying on and thats all I have after a year and a half. It can be done.I have 9 more months and I will be payday loan free. God that feels good to say that. So if I can do it, you can too

phoenix · #4 09-17-2008, 08:27 PM

Please don't do this mistake of taking loan from cash call to payoff your PDLs. It will be a harakiri. According to one of our moderators of this forum, Goudah,

Quote:

This place is evil. It will suck you dry! On a $2500 loan you could end up paying back like $10,000

To know more on Cash Call please go through the following thread http://www.debtconsolidationcare.com...call-info.html

If you're in serious trouble with pdls then you can go for pdl debt settlement. You can also get free counseling from our community's financial expert.

#5 09-17-2008, 10:01 PM

There is ALWAYS another way. Cash Call is going to solve one problem, and create more. You don't want that.

Go ahead with the things lady asked you to post.
There's plenty of people here with ideas, fact, and experience.

sdchargers_63 · #6 09-17-2008, 10:07 PM

NO NO NO!!! Stay away from Cash Call. They are horrible!! They will not solve ANY problems you may have. If you miss a payment they just treat you like scum. And yes......you WILL be paying almost double the loan you take out. You will never gt any peace with them...trust me. Horrible to work with. Alot of people, on this forum, have had CC horrors.

Amaranth · #7 09-17-2008, 11:17 PM

In all honesty, you will probably be putting yourself in a WORSE position. I know some people who took out a loan with Cashcall to pay off PDLs, and then because of Cashcall's outrageous interest and habit of debiting your account on non-agreed days ( sending them into overdrafts ) they had to take out PDLs again just to have money to pay other bills, then the PDL cycle starts all over again. You'll end up having PDLs AND Cashcall, and that will more than likely completely cripple you altogether with the amount of money you are paying in interest every month on all those things.

You may be able to handle the PDLs on your own! If they are legal storefronts and lenders, you may be able to get on repayment plans, or if they are illegal companies, you may have already paid more than enough and don't owe them anymore money. If you give us more information about your current PDLs, we can probably help you get out of the PDL cycle without throwing Cashcall into the mix.

wendylynn93 · #8 09-18-2008, 04:30 AM

thank you all for your responses. I have previously listed my loans and found that all but 2 were illegal...how nice. I a fortunate in one way i jsut got these loans in july so they are new, i have not paid too much on them. My concern now is i am really really behind. many have made arrangements with me but my acct has been in the negative for quite some time and cant get out of it. I know everyone here has said to close my acct, i cantits in the neg. I dont know what else to do. i am thinking if i can get enough to pay off these loans it will save me. Id rather pay one than 10. I am having a hard time paying my mortgage now that was due onthe first and my bank already did a forebearance which put 3 months across a yr period and if i default they can forclose no questions asked. this scares me and if i pd jus tover $200/mo compared to whatever im paying now with over draft fees and rollowver fees well over $1000/mo.
any other suggestions, please let me know, our credit is poor right now, we are getting it back up, well were. We had it rough for quite sometime and we are improving ourselelves, except for these dang pdl
thank you again
i will take any and all suggestions,

lmale · #9 09-18-2008, 05:03 AM

PLEASE I"M BEGGING YOU DOn't go to cash call....I did the same thing about 2 years ago, but you know what? It did me no good it actually made things much worse. If I would have just closed my account and stuck to my guns I could have gotten out of the PDLS with a little time and work, but I thought getting a cash call loan would solve all my troubles. I'm here to tell you I'm in the process of filing BK due to the entire mess, cash call included.....Please don't do it. You can get out read the board many, many folks have done it. Don't be afraid of the PDLS, often their barks are worse then are bits.....Good Luck Reny

bea2ls · #10 09-18-2008, 06:11 AM

I agree with everyone here and hope you take their advice. this board is great at helping with these loans. you will only spend more money if you take a loan to pay this. these companies are horrible but you can get them to work with you if you hold your ground (even if they're legal, they just want their money afterall). Just keep trying, you can make this work.

wendylynn93 · #11 09-18-2008, 06:19 AM

I just called my bank and spoke with the branch manager ~ nothing we can do she said. I have a negatve acct, I have debits coming out of my acct that are preauthorized and she cant stop them. She said i agreed to pay them, thats what i need to do~what a help!!
she said when i get my acct current they will close my acct and i can reopen aother one and they cant touch that unless i give them the info.
Of course my husband doesnt geta check this wk due to vacation time so i will cross my fingures and hope i can do it next fri. But i still need my mortgage pd, i am so messed up. I know i can take care of this. I also asked her about the letters we can send out to these pdl telling them we stop authorization of the debits, she didnt have any idea what i was talking about.
any other suggestions, thank you
i need $750 to pay my mortgage. My husbands checks are close to $1000, but they all have been gone : ( Catching up on all of these fees. OH she did say the might beable to help me out with some of the fees i accrued in my acct, she said not much but some, that was something, but my acct is in the neg $459!!! OUCH
thanks again
wendy

wendylynn93 · #12 09-18-2008, 06:25 AM

We changed my husbands automatic deduct into savings acct recently and we dont have overdraft protection, so maybe this will help!!
I am trying any way that i can to get this all resolved and NEVER see another pdl again!!
they all are illegal if you ask me, they should have never existed, i would have had the chance to be stupid and borrow from them!! HHMMMM
wendy

julie_1972 · #13 09-18-2008, 08:47 AM

Wendy, who do you bank with? That branch manager doesn't know a thing about banking laws obviously. The illegal PDL's that you have plans worked with? Did you set up to pay back ALL they say or just the principal?

wendylynn93 · #14 09-18-2008, 09:35 AM

I am making arrangements on a couple to pay the principal plus fee. But MTE(instant cash usa) is something else. They say i owe $510 on a $300 loan, they said they will "work" with me and take out $100/every two wks till its pd. Iagreed because they said if i didnt they would take the whole 510. Since i cant close my acct, im stuck, i agreed so they wouldnt.
The reason for the amount is i had to 90 payments return to them, they offered me a settlement of 400 and somthing,i dont have that HELLO thats why im in this mess and they know that and dont give a crap!!
I am going to close my checking acct as soon as i get a positive balance and open another when i can, otherwise i have our savings which is neg also to use and they cant touch.
in reguards to my bank manager, she didnt know anything about these being illegal and asked me if i signed a contract and of course, i did, she figures i owe the money since i signed and agreed to the terms, the only good thing i got from her was she said she might beable to refund some of the nsf charges.
i live in a small town the bank is independent bank, i dont think its a very large bank at all.
thanks and any more suggestions are more than welcome, i am just trying to figure out how to pay my mortgage for this month before i get a note saying its bein forclosed on!!

#15 09-18-2008, 10:52 AM

can someone please help me?! i have taken out 4 pdls and 1 was mysteriously deposited into my account. i mean i filled out the application for the loan and they called in order to verify info on the application but i never picked up since i had decided to go with another pdl company. i didn't even realize it until i got my bank statement and saw a deposit of $100 by cmg group, as well as a withdrawal of $19 on a friday which was not my payday and which left me with a negative balance in my account.
although the loans are not outrageous amounts, i'm only working part-time, going to school full-time and have a child to take care of and the pdls are leaving me with next to nothing on payday. it's very hard not to take out another pdl to hold me over into the next pay day:-( i'm struggling.
i have also read that pdls were illegal in nj. is this true? how do i go about reporting them? how do i go about relieving myself of debt quickly and painlessly?

here are the names of the pdl companies, amounts borrowed and paid and if anyone can give me their addresses, i would appreciate it:

ameriloan- 150.00 borrowed- paid 45.00 fees
200fastcash-150.00 borrowed-paid 44.00 fees
500fastcash-300.00 borrowed-paid 90.00 fees
cmg group-the unauthorized pdl 150.00 borrowed-paid 45.00 fees

should i close my account? i only make 300-400 dollars bi-weekly, so even though it may not seem like a lot, its really overwhelming for me.

thank you

wendylynn93 · #16 09-18-2008, 12:06 PM

Spoke with my branch manager again, she has added $210 to my acct for NSF fees, really surprised, now i need $250 to bring it current and i can close the dang thing!! and get my letters i need to send out out ASAP!!!
I am just hoping nothing else is going to go through until i have this taken care of. I can t pay this money at the earliest till next fri and my mortgage is due and i dont think they will work with me any more, i know they will want the full amount ASAP and not next month, they have already worked with us alot already!!
any more suggestions as to where i can dig up this money, where are the money trees anyone got some just sitting around because you are so rich you dont know what to do with it lol lol
Take care everyone and thank you sooo much, you are all such a great help, im looking into all of my options
wendy