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lizzy

I live in ky and i am going to have to default my loans i have 6 with store fronts.Can they prosecute me and what should i do???????????PLEASE HELP ME

Posted: Tue Nov 13, 2007 6:52 pm Subject:

First of all you need to contact them and let them know. The sooner the better. And yes they can go after you because they are licensed in your state. I will look up your states laws and post them here. But the better contact you have with them the better chance you have at setting up a payment arrangement with them.

Posted: Tue Nov 13, 2007 6:52 pm Subject:

According to KY statutes you cannot be prosecuted.

Posted: Tue Nov 13, 2007 6:53 pm Subject:

Lizzy, can you also list which storefronts you have loans with?

Posted: Tue Nov 13, 2007 6:56 pm Subject:

lizzy · Posted: Tue Nov 13, 2007 6:56 pm Subject:

cash express,payday usa,bluegrass

Posted: Tue Nov 13, 2007 7:02 pm Subject:

Lizzy, that is three storefronts, do you have two with each? And you have not defaulted yet?

lizzy · Posted: Tue Nov 13, 2007 7:05 pm Subject:

my husband and i both have two each at all places about 1850 all together we have never defaulted but its gettin to hard to pay them and our bills

Posted: Tue Nov 13, 2007 7:13 pm Subject:

Lizzy, both Cash Express and Payday USA are members of the CFSA. I will post a link which will explain more about this organization...what this means to you is that these companies because of their membership have to owrk out payment plans with you. The company divids you loan into four payments but this must be done no later than the day before the loan is due. You can go to this web site and read more about this. You do need to contact Bluegrass and try to work out payment arrangements with them.

Posted: Tue Nov 13, 2007 7:13 pm Subject:

Sorry, forgot the link...here it is

http://www.cfsa.net/about_cfsa.html

lizzy · Posted: Tue Nov 13, 2007 7:18 pm Subject: cash express

the cash express that we deal with no longer has a liscense through the state department of financial institution what do i do now???

Posted: Tue Nov 13, 2007 7:20 pm Subject:

They are no longer licensed in the State of Ky??

Posted: Tue Nov 13, 2007 7:23 pm Subject:

Lizzy, you need to contact the DFI on the one you asked me about. I would call them in the morning. But like Roxy posted the ones that are members of cfsa do make payment arrangements without sending your check through. But you must go in BEFORE your due date and tell them you want to enter into the payment agreement.

lizzy · Posted: Tue Nov 13, 2007 7:33 pm Subject:

i went to debt and consolidation forum and went to the second one on state laws and looked them up and it took me to the ky.gov web site and looked up the one in paducah and they dont have a liscense...now what am i obligated to pay them or do i file a complaint or leverage to get a payment arrangement
?????