Sub: #1 Storefront PDL
Replied on 09-13-2011, 01:34 PM
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I am searching for information on something I was told about storefront PDL's, isnt there a 1 time a year option to pay them back what you owe with out the monthly renewal? so if you owe $300 your payments would be $75 every payday for 4 weeks.... Can someone help out here. THank you

Sub: #2
Replied on 09-13-2011, 06:43 PM
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Well... I haven't heard about the 1 year payment option. But if you're facing hardship in paying off the payday loans, then can contact the storefront payday lenders and negotiate for EPP (Extended Payment Plan) which might make it easier for you to pay off the loan.

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Sub: #3
Replied on 09-13-2011, 11:42 PM
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I agree with Anna. Check out the given page to know about the Extended Payment Plan (EPP). I hope it will help you a lot:
"http://www.ehow.com/how_5906522_extended-can_t-pay-payday-loan.html"

Sub: #4
Replied on 09-14-2011, 06:44 AM
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Sorry I ment you can only do the EPP once a year. Thank you so much for getting back with me on this. For some reason I could not remember what it was called.

Now for 1 more questions: Do they have to offer the option of a EPP in the state of Califonria?

Thank you

Sub: #5
Replied on 09-14-2011, 09:36 AM
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Who's the lender? In CA, repaymnt plans are voluntary and cannot charge a fee. If they're a member of the CFSA, however, they are required to offer the EPP. Do they have a CFSA sticker/sign showing in their store?

Sub: #6
Replied on 09-14-2011, 12:59 PM
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yes they are a member, Its Money Mart & California Budget Finance.

Sub: #7
Replied on 09-15-2011, 06:08 AM
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Great! Ask for the EPP per their agreement as a member of CFSA. They should divide your current balance into 4 payments and charge you no further interest or fees.

Sub: #8 Epp
Replied on 09-16-2011, 09:40 AM
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That is correct that they must offer you an EPP if they are a CFSA member. The only stipulations are that a) you have not had one in the last 12 months, b) you cannot currently be past due and c) the payments are set to your next 4 paydays.




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