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 Posted: Thu Mar 20, 2008 2:56 am Subject: HELP!
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I have too many payday loans! I am paying 3 off with my next pay check but i still have $1800 left to pay and since i am paying 3 off with my next check i am going to be broke! I am a single mom and i need help! Please respond...thanks. P.s. im in california and they are all internet payday loans
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Jessica_hosking
Joined: 20 Mar 2008
Posts: 1
Debtcc Points: 52
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Posted: Thu Mar 20, 2008 3:53 am Subject:
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Good morning, and welcome to the forums.
To start with, you might want to post this on our Payday Loan Help forum. You'll likely get better/faster/more help there.
Next, please give us some more information to work with. What are the names of the lenders, how much was borrowed from each, and how much has been paid back?
Here are your state laws regarding payday loans:
| Quote: | California State Information
Legal Status: Legal
Citation:
Cal. Fin. Code ยงยง 23000 to 23106
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
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: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)
Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
Fax:
Regulatory Contact: , |
You'll find more information on this page [scroll down a bit]. Hang in there! Help is coming.
_________________
Wulfisms: my blog
The four 'no's of dealing with collectors:
No validation? No payment. No way! No kidding!!
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
Moderator
Joined: 27 Nov 2007
Posts: 2455
Debtcc Points: 19574
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Posted: Thu Mar 20, 2008 7:42 am Subject:
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Jessica, I have asked a moderator to move this to the pdl fourm for you.
I see the unclewulf posted your laws. What the laws basically mean to you is that Internet based companies must be licensed by CA to lend legally.
Would you post for us the companies you borrowed from, how much you borrowed from each and the total of how much you have paid back to each. We can help you get through this. Hang in there.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Thu Mar 20, 2008 7:52 am Subject:
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Thank you, wulf! You are the man! 
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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Posted: Thu Mar 20, 2008 7:52 am Subject:
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Thank you Sass for moving this. 
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Thu Mar 20, 2008 8:16 am Subject:
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Thanks everyone for helping jessica!
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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Posted: Fri Mar 21, 2008 12:33 am Subject:
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socksfullofrocks
Joined: 14 Dec 2007
Posts: 578
Debtcc Points: 55
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Posted: Fri Mar 21, 2008 4:34 am Subject:
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Perfect!
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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