Internet's first get-out-of-debt community - 123,000 members

Posted: Tue May 13, 2008 4:24 am Subject:

Pheonix, please check the dates on the posts, you replied to a post that was entered in June 2007.

Posted: Tue May 13, 2008 5:21 am Subject:

cherrie303 · Posted: Mon Jun 16, 2008 8:24 am Subject: Consolidate payday loans

Hi..we are in need of excellent advice. We have 4 payday loans..and this has caused us to go into the negative in our bank several times now. I know one of them is not suppose to lend to Maine residence after detailed searching and have made complaint to the credit bureau here. If they don't have the required license for our state should we worry about closing our account and paying them when we can...instead of losing so much money at a time? And how do you find out if they are a store front? Mine were all from the internet none from the state I live in? The credit bureau guy told me for the united cash loan company to just pay $100.00 due to the fact my loan was for $250.00 and they have taken $75.00 twice which is just the finance charge..but this would take care of the money borrowed. Is there anyone who can help me? Or is there a good debt consolidation company I can go to who won't charge me to death:) any info would be extremely appreciated..

Posted: Tue Jun 17, 2008 1:30 am Subject:

Dear Guest (Cherrie),

You have posted your query in a thread which is 1 year old and you may not get appropriate answer to your query. So, I will recommend you to start a new thread by posting in the payday loan section.

You can also go through the list - Internet Lending in all 50 states for a clear idea on payday lending.

Our community offers Free debt counseling which will help you to become debt free. For this you have to fill up a 5 line form in the right hand side of the forum thread.

Regards,

Phoenix

Posted: Tue Jun 17, 2008 5:04 am Subject:

Hello cherrie and welcome to the community! If you obtained your loans from the Internet, then they are Internet loans and not store front. A store front loan is one that you physically walk into to apply for a payday loan. I'm pretty sure it's safe to say that none of yours are store fronts if they were obtained through the Internet. Smile

In answer to your question, yes, we can help walk you through the process of clearing these loans up, but we need a little more information from you first. Perhaps you could start a new topic in the payday loan section which would be beneficial to you and less confusing so we can follow your progress more easily. Smile

I think the first thing you need to do is get your account secured so these pdl's do not end up sucking you dry. But please read the information about closing accounts at the link below, BEFORE you close it out, here is the link. http://www.debtconsolidationcare.com/paydayloan/close-account.html
If I were you, I would go get a new account at a different bank before you close this one out, and if you are in the negative right now which will prevent you from closing it out, go to the bank and place a hard debit block on your account, the first thing is securing your account so that you will have money to live on. Please keep us posted, and by all means, start a new topic in the payday loan section so that we may assist you better. Smile

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