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I have a 9 PDL's out (5 internet, 4 storefront) and I think I need to get them taken care of. I'm less worried about the internet loans, though I plan on paying them back. Ilive in KY. I'm getting kind of concerned about the storefront ones. I have the following:

Cashland $500
Quik Cash $500
Mister Money $345
Check into Cash $500
Geneva Roth $100 paid $60
Arrowhead (now Westbury has it) $300 paid $0
Sagamore $250 paid $150
BIG Ltd $200 paid $225
Cashnet $350 paid $0 (I don't even remember getting this one, but it show up on my acct)

The only ones that contact me are BIG and Westbury. For a while I had A LOT of money coming out of my account. I talked to my bank, and they suggested that I close my account and get a new one, which I did. The storefronts contacted me for a while when their checks bounced, but I continued to tell them that I couldn't afford to pay the $270 I was paying each check. They eventually stopped calling.

I am getting worried that I will receive a summons in the mail from one of the storefront lenders.

Posted: Thu Jan 10, 2008 10:53 am Subject:

Have you defaulted on these store front loans yet, and have you looked up the laws regarding payday loans in your state?

Posted: Thu Jan 10, 2008 10:57 am Subject:

Shazzars, I am assuming the poster has defaulted, as they mentioned that the checks bounced. I will post the laws for KY. I am not surprised that BIG is contacting you. They are so illegal, it is beyond words. They are located in the UK and they can not touch you. The overseas companies are the worst to deal with.

Posted: Thu Jan 10, 2008 11:00 am Subject:

Ahhh shoot kashzan, you are correct, "bounced checks" would indicate default, duh. Wink

Posted: Thu Jan 10, 2008 11:00 am Subject:

Yes, I have defaulted. Sad

I was in so far over my head that I could barely buy food. I guess I'm just concerned that, even though the stirefronts have not contacted me in a few months, that a sheriff will show up at my house soon serving a summons. I'd like to try to pay them back SLOWLY, but I'm afraid if I call them to set something up without full payment, they may suddenly decide to put something out against me.

Posted: Thu Jan 10, 2008 1:26 pm Subject: Quik Cash

The only storefront I have actual experience with is Quik Cash and after you default you will be contacted by their corporate office to make payment arrangements. As a rule, most of them will make arrangements. By law, they cannot prosecute you criminally for these. My best advise regarding the storefronts is to keep in contact and try to make arrangements.

Momof2andhalf · Posted: Thu Jan 10, 2008 1:57 pm Subject: PDL - jail Time?

Hi,
Ijust got a call from a Mrs Bog at A.S. Assoc from Nat'l Money store. I took out a $450.00 PDL and wanted to pay it back, however, right after that My mom died and I had to use that money for going out of town. I did not have a paycheck coming in as I was gone (no benifits) and my account was neg. i spoke to my bank, they closed the account and I am making payment to them each week. By "Attorney's Firm" A.S. Assoc called and they were very rude, threatening procecution for fraud, jail time etc if I do not make payment. i explained my situation and that I don't have any money right now with 2 kids. I planned on paying them back, but after that phone call, they got me so ticked, I am thinking about not paying them at all! Can they put me in jail, what is the worst they can do? Any help and information is greatly appreciated.

Posted: Thu Jan 10, 2008 3:18 pm Subject:

No...they can not put you in jail!! Try calling them to make arrangements you can keep. Explain the situation and be upfront about what you can afford to pay. I am assuming this is a store front. They are usually legal and can sue you if you don't take care of it so please give them a call. See what you can work out.

Posted: Thu Jan 10, 2008 6:03 pm Subject:

wow a store front that is licensed is making those kinds of threats?? You should report them to the BBB

Guest · Posted: Sat Jan 12, 2008 8:18 pm Subject: r

This is for cdollar - worry about your internet pdls later. Your account is closed so they can not debit any longer. You can make alternative payment arrangements. Concentrate on your storefronts. I'm actually surprised that you said it's been a couple of months since you heard from them. As previously stated, you will not be "criminally prosecuted" for these storefront pdls; however, it can go to "civil". Try this approach. It'll probably work for you. Call the corporate office of each one that you've defaulted on. I've dealt with a few of them. The corporate office usually works with you. Explain your situation of being unable to pif and that you are aware the checks didn't clear, etc. They will most likely set you up on a payment plan. They really just want their money back. If you can contact them, ask what you need to do to get this resolved, you can most likely come up with an arrangment that works for both of you. For example, I asked to make $50 payments every two weeks until pif. If I had more, I would pay more. If I didn't, I would pay my $50. Try contacting them before they pursue any kind of action.

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