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 Posted: Fri Jun 06, 2008 10:38 pm Subject: Pay Day Loan Mess - repay manageable amount |
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I feel better now knowing I'm not alone in this situation.I've read through the forum but am still not sure where to start so I figured I'd post my info and ask for some help.I am in Illinois with 3 internet and 2 storefront loans.
Payday Max 700.00 Paid 621.36
Ameriloan 400.00 Paid 270.00
Check N Go 1500.00 Paid 271.20 {Actually Through First Bank Of Delaware}
The Cash Store 11100.00 Not sure what I've paid
Cash ASAP 400.00 Again not sure what I've paid.
I am willing to repay my debt but was just hoping for a more manageable amount.
Any help is greatly appreciated.
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jaymz1967
Joined: 06 Jun 2008
Posts: 2
Debtcc Points: 49
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| Posted: Sat Jun 07, 2008 12:23 am Subject: |
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Dear Jaymz,
Welcome to our community and learn how to become debt free. 
I am providing you the legal aspects associated with payday loans in your state, Illinois: -
Let me ask you one thing…Are you sure that you have taken 11100.00 amount of payday loan from The Cash Store? Please check it out again, because the permissible maximum limit of payday loan in Illinois is $1000.
Regards,
Phoenix
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phoenix
Joined: 14 May 2008
Posts: 561
Debtcc Points: 4009
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| Posted: Sat Jun 07, 2008 4:18 am Subject: |
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Oops should be 1100.00 from the cash store.
They say the limit is 1500.00 but maybe they get around the 1000.00 limit by have the loan come due in 4 months instead of 30 days.There are 2 types of loans available{not including the title loans}if I remember seeing the posters on the wall correctly.
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jaymz1967
Joined: 06 Jun 2008
Posts: 2
Debtcc Points: 49
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Shazzers
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Shazzers
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| Posted: Sat Jun 07, 2008 7:52 am Subject: |
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Hello Jay,
Internet PDLs PayDayMax and Ameriloan are ILLEGAL. They will debit you to death so I suggest you only pay what you borrowed and be done with them. Not too sure on Cash ASAP, someone will be along to help on that. I believe Check N Go and the Cash Store are installment loans at storefront Shazz.
_________________
~~Troubles Don't Last Always~~
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anyaroberts
Joined: 13 May 2008
Posts: 489
Debtcc Points: 2970
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| Posted: Sun Jun 08, 2008 5:56 am Subject: |
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On PayDayMax go directly to Credit Protection Depot. Fax over your C and D letter that you sent to PDM. That settled the deal for me. Ameriloan settled after the BBB complaint. I would also contact the processors on these guys. Intercept for Ameriloan and ACHC for PayDayMax. I notice that you are pretty close to overpaying on these loans so I would call them ASAP.
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llw1995
Joined: 02 Feb 2008
Posts: 1427
Debtcc Points: 13699
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| Posted: Sun Jun 08, 2008 11:24 am Subject: |
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Check to see if the storefronts are mebers of CFSA. If they are they are required by the association rules to provide an extended payment plan for you as long as you are not in default. You must request it however. Thet=y would rather you not know about it!
_________________
Adults and Kids Go Green in Frogpatch
www.frogpatch.com
Read here how to escape the Payday Loan trap.
http://hubpages.com/hub/Escaping-the-Payday-Loan-Trap
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frogpatch
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| Posted: Sun Jun 08, 2008 1:02 pm Subject: |
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Frogpatch is right, they will not tell you unless you ask. 
_________________
~~Troubles Don't Last Always~~
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anyaroberts
Joined: 13 May 2008
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| Posted: Mon Jun 09, 2008 12:25 am Subject: Need help...I may be the worst payloan case yet! |
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am negative $1000 in my account right now and I just found this site on Thursday evening. I need help! I am in a total panic and don't know where to start. I feel like I should close my account so that no further debits can be taken from my account. But I need advice on whether I should use Langhorne or do this myself. I feel very out of control!
Thank you for ANY advice!
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rhondagibbs
Joined: 09 Jun 2008
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| Posted: Mon Jun 09, 2008 9:09 am Subject: |
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Rhonda please list some more information so everyone can help you with your situation. What state are you in and what pdl's do you have out. Are they storefront or internet, how much did you orginally borrow and how much have you paid back to date? I'm sure others will be along shortly with some more advice.
Johnita
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johnita
Joined: 28 Apr 2008
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