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FRED LAS VEGAS · Posted: Fri Jul 11, 2008 5:14 pm Subject: PAYDAY LOAN

I am not a bad high credit risk. i have a good job and makes $2000.00 a month net. i have a $500.00 car payment and i pay $500.00 for the rent. $400.00 to credit card debt consolidation payment. and then i have $600.00 left to pay off my payday loan. my wife has a job and she picks up all other expenses. is anyone out there to help me legally because i am very serious to pay off my payday loan. i owe around $2000.00 to payday outfits. please advise. thanx fred.

Posted: Fri Jul 11, 2008 9:14 pm Subject:

Fred---you have come to the right place to seek some advice. Read through the posts in this section and ask lots of questions. Many, many of the people who come to this site have had problems with payday loans. Good luck

Posted: Fri Jul 11, 2008 10:18 pm Subject:

Hi- you may be able to handle your payday loans yourself without getting another company involved, but that all depends on some basic information.

I see you are in Vegas- could you please provide us with a detailed list of the following:

*How many payday loans you currently have out

*Their names/aliases and whether or not they are storefront loans or internet ones

*The original amount you borrowed on each loan, and how much you have paid back so far, including any extension/rollover fees

After we get that information, we can better assist you and help you decide what your next step should be ^_^[/list]

fred las vegas · Posted: Sat Jul 12, 2008 9:54 am Subject: PAYDAY LOANS

*How many payday loans you currently have out
*Their names/aliases and whether or not they are storefront loans or internet ones
The original amount you borrowed on each loan, and how much you have paid back so far, including any extension/rollover fees

I HAVE 3 PAYDAY LOANS OUT.

1. $400.00 (PRINCIPAL) AFTER INTEREST I PAY $72.00 BI WEEKLY....CASH-1 PAYDAY LOAN COMPANY...STORE FRONT.

2. $700.00 (PRINCIPAL) AFTER INTEREST I PAY $124.00 BI WEEKLY....RAPID CASH PAYDAY LOAN COMPANY...STORE FRONT.

3. $ 700.00 (PRINCIPAL) AFTER INTEREST I PAY $124.00 BI WEEKLY...CHECK CITY....STORE FRONT.

I ALREADY HAVE PAID INTEREST ON IT 3-6 TIMES AND IT IS LIKE TREADMILL JUST KEEP ON PAYING INTEREST AND I AM GETTING NO WHERE. NOTHING IS GOING TOWARDS PRINCIPAL.

ANY HELP WILL BE HIGHLY APPRECIATED.

THANX

FRED

Posted: Mon Jul 14, 2008 7:00 am Subject:

Hi Fred, thanks for your patience.

The good news is is that your storefront lenders are all members of the CFSA, which means as long as you request it before you default on your loan, they have to offer you an Extended Payment Plan, in which typically, your total amount owed is broken down into 4 equal payments upon which no further interest is accrued. Most establishments only allow for you to do EPP once a year with them, so as long as you haven't done an EPP within the past year already, they are obligated to allow you to set one up. However, some places require you come in and set it up up to 3 days before you default ( your due date ) and some require that you come in and set it up the very day that your loan would have been due. It varies from storefront to storefront ( as I have found ) so cover all your bases and give yourself ample time and clearance to call each company and find out what their exact procedure is for setting up an EPP.

Another option you have is to just default ( not advocating it, just saying it's an option ) and then have a settlement company go in and deal with the storefronts for you. I guess it comes down to how you want to handle it. With an EPP, you will be paying back 100% of what you owe, just over a period of time ( usually about 8 weeks ). If you have a company settle for you, they may settle what you owe to a smaller amount, but of course, you will have to pay the company fees for their work anyway.

Hope this helps!

FRED LAS VEGAS · Posted: Mon Jul 14, 2008 4:40 pm Subject: RE: PAYDAY LOAN

I WENT TO CHECK CITY STORE FRONT AND EXPLAINED THEM THAT MY CAR BROKE DOWN AND I THINK I MIGHT DEFAULT ON THIS PAYDAY LOAN THIS COMING PAYDAY AND IF THERE IS ANY EPP AVAILABLE FOR ME TO TAKE ADVANTAGE OF. THEY TOLD ME TO WAIT TILL IT IS DEFAULT THEN CUSTOMER SERVICE WILL GET INVOLVE AND THEN ONLY THEY WILL HELP ME OUT......THIS DIDNT SATISFIED MY QUESTION AND DOES NOT MAKE ANY SENSE....ONCE I DEFAULT I THINK THEY WILL DEPOSIT MY CHECK AND THEN THEY WILL HARRESS ME TILL THEY ARE PAID. I ALSO WENT TO CREDIT COUNSELLING SERVICES AND THEY TOLD ME TO TURN IN ALL 3 CONTRACTS TO THEM AND THEY SAID TO ME, IT IS UP TO THE CUSTOMER TO PAY WHATEVER I CAN AFFORD MONTHLY....IT IS NOT UPTO THEM TO CALL THE SHOTS....THEREFORE I TURNED EVERYTHING TO THEM TO HANDLE.
PLEASE ADVISE IF I AM ON THE RIGHT TRACK.
THANX
FRED

FRED LAS VEGAS · Posted: Tue Jul 15, 2008 3:52 am Subject:

IS TRUSTED CITIZEN ADVANCES (ONLINE INTERNET) A MEMBER OF CFSA. PLEASE ADVISE. THANX. FRED.

Posted: Tue Jul 15, 2008 4:35 am Subject:

Fred, I'm going to go ahead and post your pdl laws.

Posted: Tue Jul 15, 2008 4:45 am Subject:

Fred, don't listen to them (Check City) about waiting to make arrangements AFTER you default, the EPP is only available BEFORE you default. Tell them if they won't offer you the EPP you are going to report them to the CFSA. If they care to remain a member, they must follow the terms of the CSFA, and that is giving the the EPP if you request it. It almost sounds like they are setting you up, either that or the employee who stated for you to wait until after you default doesn't know what she/he is talking about. Insist on the EPP BEFORE you default, if they refuse, tell them you are filing a complaint with the CSFA if they won't comply with your request.

Posted: Tue Jul 15, 2008 5:32 am Subject: reply

do as shazz advises,but talk to the manager.tell them what
shazz said to say.they have to honor an EPP request.

FRED LAS VEGAS · Posted: Tue Jul 15, 2008 5:57 am Subject: RE: PDL

IS TRUSTED CITIZEN ADVANCES (ONLINE INTERNET) A MEMBER OF CFSA. PLEASE ADVISE. THANX. FRED.

FRED las vegas · Posted: Wed Jul 16, 2008 3:12 pm Subject: PAYDAY LOANS

HERE'S A DEAL.....I WENT TO CHECK CITY AGAIN AND THIS TIME I TALKED TO THE MANAGER DIRECT AND SHE WAS VERY COOPERATIVE AND CONCERN AND WAS READY TO HELP ME. MY LOAN PAYMENT IS DUE ON 21st. OF JULY AND SHE TOLD ME TO COME ON SUNDAY BEFORE CLOSING TO SIGN UP A DIFFERENT CONTRACT TO MAKE 4 EQUAL PAYMENTS SARTING NOT THIS BUT NEXT PAYDAY.

THEN I WENT TO RAPID CASH AND I TALKED TO THE STORE MANAGER AND HE WAS WILLING TO ACCEPT THE 4 EQUAL PAYMENTS BUT HE WANTED PAYMENT TO START THIS PAYDAY WHICH I REFUSED. THEN HE TOLD ME TO COME ON SUNDAY BECAUSE MY PAYMENT DATE IS ON 21st. OF JULY....HE WILL CHECK WITH HIS SUPERIORS AND THEN HE WILL LET ME KNOW THE OUT COME.

THEN THE LAST PLACE I WENT TO WAS CASH-1 AND I TALKED DIRECT TO THE STORE MANAGER.....THEY GAVE ME A RIDICOLUS SENARIO ON THIS TOPIC. THEY WERE WILLING TO ACCEPT 4 EQUAL PAYMENTS FROM ME BUT NOT TILL MY CHECK GOES TO THE BANK FIRST AND THEN IT COMES BACK AS NSF AND NOT TILL THEY HIT ME WITH $25.00 NSF FEE AND NOT TILL MY BANK CHARGE ME $27.00 NSF FEE. THEY GAVE ME A REASON...ARE YOU READY FOR THIS....ACCORDING TO THE STORE MANAGER " WHY I SHOULD WORK WITH YOU WHEN YOU ARE MAKING ALL TIMELY PAYMENTS ON TIME IN THE PAST....WE WORK WITH THE PEOPLE WHO ARE HAVING HARD TIME PAYING THIS PAYDAY LOANS" HAHAHAHA
I GOT THEIR NAME AND TOLD HER LEMME SLEEP ON IT AND I WILL LET HER KNOW.
FOR SHIT AND GIGGLES I TOOK MY SPY AUDIO TAPE RECORDER WITH ME TO RECORD ALL 3 LENDERS.
I AM WAITING FOR YOUR VERY VERY VALUABLE INSTRUCTIONS AS TO WHAT STEP I SHOULD TAKE NEXT.

FYI I AM VERY SERIOUS TO PAY OFF MY PAYDAY LOANS AND NEVER TO BORROW AGAIN SO THAT I CAN SLEEP BETTER IN THE NIGHT.

THANKS.

FRED

Posted: Wed Jul 16, 2008 3:21 pm Subject:

Now Fred, not to make light of your situation, cuz Lord knows there is nothing funny about these slugs, but what the heck does. . . . FOR SHIT AND GIGGLES . . . mean? That's a new one on me and I thought I had heard them all! That was too funny! It does my heart good to see some humor in this, otherwise disasterous, situation. Seriously, pleae keep us posted on your progress.