Internet's first get-out-of-debt community - 135,000 members

Guest · Posted: Thu Feb 14, 2008 3:06 pm Subject: I am not sure where to start

I have visited this site over the last few weeks and others trying to find a way out of the hole I am in.
I have both storefronts and Internet loan companies...many you have all had a problem with.
I just want to know the steps to go through to get them all off my back and paid.
I deal with Fifth Third Bank and have read on here that they will open back up your account if you close it. I have heard that some of these companies won't take minimum payments. I have taken out several in the last 30 to 60 days and am going to be really messed up when theat fifth pay day rolls around.
The storefronts I have dealt with for several years.
I could not access the link to self help letters. I am beginning to think bankruptcy would be better.
How I got in this shape was that my husband was out of work for many month's and then got injured and could not work...because of the storefronts, I took out the internet thinking I could pay them back with income tax money? Did not happen...not enough.
Now I am learning that they can take my pay or harass me at work?
Someone explain to me like I am a fifth grader, where to start?

Posted: Thu Feb 14, 2008 3:28 pm Subject:

Guest, We are all here becuase we fell into the pdl trap for one reason or another. There are no judgements here. If you give us a little more information we can begin to help you. We need to know what state you live in, the namtes of the companies, if the are store front or internet, how much you borrowed from each and the total of how much you have paid back to each. This information is important so we know which laws you need to follow and if we know which companies you are dealing with and where you are in paying them it helps us guide you into the next step.

Posted: Thu Feb 14, 2008 3:29 pm Subject:

Sorry...I was not logged in... I listed some of this on a similar thread, but I will list the internet loans I have....

Internet:
BIG...$200...paid $85
US Fast Cash...$300...paid 90$
Capitol...$300...paid $90
United Cash...300$...paid 90$
Cash Spot...$300...paid back $189.00
Little Loan shop...$300...paid 90$
I paid off Nationwide and SSM...

Posted: Thu Feb 14, 2008 3:40 pm Subject:

And Storefront...the ones I have had for years.
Cash Express. $300...fees for years.($60 a month)
Quick Cash..$600...fees for at least a year ($120 a month)
Advance America..$300...($60)
Check Into Cash...$200 ($60)
Advance Financial...$400 (120$)
Cash City $600.00.... ($120)

I live in TN...O.B. McClinton, the C&M singer once called me the "One dumbest.....woman in the world" after I hit his car...guess he was right?
No one on here has admitted to being this dumb which is why I refused to say how much I owed. I am desperate now....and stupid.
Can I go to jail for this?

Posted: Thu Feb 14, 2008 4:01 pm Subject:

Egyptcrossarabs as Roxy says, there are no judgements here. We've all had problems with payday loans and other debt. You asked were you start. Well, you start by realizing you are not "One dumbest...woman in the world." Bad things happen to good people and if you could go to jail for debt, I think we'd all have to go. Don't beat yourself up. You've been through a rough time and you're trying to get your financial life back. I'm fairly new here myself but, I know there are great people here who can point you in the right direction. Someone should be along to post the laws in your state so, you can know how much you are legally obligated to pay on those loans. Hang in there. You can get through this.

Posted: Thu Feb 14, 2008 4:04 pm Subject:

Bless you....I needed that

Posted: Thu Feb 14, 2008 4:11 pm Subject:

Hello, I understand how you feel, I have been there too, and am still working on some of my other debts. I will post your state laws for you, hang in there as someone will be along to advise you soon.

Posted: Thu Feb 14, 2008 5:09 pm Subject:

Egyptcrossarabs we've all been there. Eventhough you said you didn't know where to start, you've already done great. After all, you found this site.

getting out of debt is not easy but, having support really makes a difference. You will have support here.

Posted: Thu Feb 14, 2008 5:29 pm Subject:

Well maybe...the first time they asked for who I owed, I thought I cannot possibly answer this....that was a few weeks ago. But as things have worsened...I know that I need all the help I can get.

Posted: Thu Feb 14, 2008 6:41 pm Subject:

egypt, I know it is difficult to answer some of the questions and you feel completely embarrassed but by taking this big step you are going to help yourself get out of this and the sense of freedom, accomplishment and control are well worth it. I had 9 internet pdls and was loosing 2/3 of my check every two weeks. Garbage happens and we do what we need to do at the time and then it snowballs. If anyone in this world can understand and not be judgemental, it is the people here. We have all come here for one reason or another to get help and take control...that being said....

I am going to start with the internet...I see Shazzers posted TN laws for you. Internet companies do not need to be licensed by TN. As long as they are licensed in another state they can lend legally. They must follow the laws of the state they are licensed in. I can tell by looking that some of yours are not licensed anywhere so that is good. When will these come due? That is important for closing your account. You will need to close your account but we also have the storefronts to deal with....are these current. That will make a difference in which way we guide you.

Please read this about closing your account, it has really good information. You will need to investigate your options with your bank. If they can not close it, they need to place a hard debit block on it to keep anymore pdl withdrawls from comming out.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

I am going to investigate your internets, I know two of your storefronts, if they are current will work out payment plans with you becuase they are members of CFSA. (Advance America and Check into Cash).

Hang in there. We will get you through this.

Posted: Thu Feb 14, 2008 6:53 pm Subject:

The internet ones do not come due until the 22nd. The stores are all current. The one I am the most worried about is Advance Financial as they have been most unkind to me ...like I told them because of my work I must come in on Sat. I have done this for two years and one girl there confronted me with being *habitually late* in front of another customer. I am afraid they will hang me.

Posted: Thu Feb 14, 2008 6:55 pm Subject:

I could conceiveably pay them off if the others will work with me.

Posted: Thu Feb 14, 2008 7:02 pm Subject:

I will check on the storefronts...if you want you can go to www(dot)cfsa(dot)net and read about them. The member list is on there as well. That is where I will check for the membership. With those you must go in to the store no later than the day before the loan is due and ask for an extended payment plan. They will divide what you owe into four payments. If they are not members it does not mean they will not work with you. At times the stores are difficult and you have to go to the district or regional managers. There are those here with experience with the storefronts and even the companies you named who will share their experiences with you.

If your internets are set to come out on the 22 you have a little time to get your bank in order...you do need to get with your payroll, if you have direct deposit, some payrolls require time to change the account to which the deposit goes to.

Posted: Thu Feb 14, 2008 7:20 pm Subject:

Thanks so much I tried www.cfsa.com and came up with nothing. duh....

Guest · Posted: Thu Feb 14, 2008 7:35 pm Subject: r

eqypt, do not beat yourself up. Please. This is why we are all here. Okay. 5/3 Bank. You've got time to get yourself in there close that account. Yes, they will force your account back open if you have pending pdl debits. However, you have a week before these guys hit your account again. Go to the bank. Speak only to the branch manager, not a teller (learned this the hard way), and go to the branch that you opened the account at. Tell them you need to close your account due to fraudulent activity (you have illegal companies debiting your account). Do not back down with them. I've dealt with them. If they can not promise you that your account will not be forced back open (which is a total mess), then have them put a HARD DEBIT BLOCK on your account. Nothing will go through. Nothing. You will need to go to a new bank, open a new account, so that you will have a working bank account. With a HARD DEBIT BLOCK on your account, no checks, no ACH debits, no ATM machine, you will have nothing. Deposits can go in, but nothing will go out. First thing first, get to the bank. Get the account under control so that you will gain control of your money once again. Once you have your bank account to the point to where no one can debit it any longer, you can move forward. But the first step is getting this done ASAP. Like now. Your storefronts - are you unable to check the CFSA site? Or are you saying you don't show any of them as being members? Which is it? You need to deal with your storefronts before your internets (provided your internets do not have access to your account any longer). Your storefronts will be operating legally. You need to contact each one. Find out of they are members of the CFSA. If they are, take advantage of the EPP (paying off in 4 payments). If they are not, set up a payment plan. Be firm with them. They will try their hardest to get you to borrow money and rewrite. Do not do it. They will do one of the following - make payment arrangements with you, turn you over to collections, turn you over to an attorney (who is just collecting for them). The main thing is communication with them so you don't get into any trouble. Get the bank account straightened out now so you can put your mind to rest regarding these blood suckers from taking money illegally. Then focus on your storefronts. I'm being serious. Contact each one. Find out what you can do. Do not fall into the "borrow from a friend and pay us and rewrite" speech they are going to give you. Put the internets on the back burner for now. Be strong. It takes guts and determination to do this, but you can do it. I didn't think I could, but I did it. Done will all internets and storefronts. And, you are NOT the only one in this situation. Keep that in mind when dealing with all of this. The banks have heard it all. The storefronts make payment arrangments all the time. You are not the first and you will not be the last in this situation. Welcome to our community. You are not stupid. You got caught in a trap like the rest of us have. Please go to the bank and regain control of your money. Contact the storefronts and see what you can get arranged with them. We can help you will all of this.

Guest · Posted: Thu Feb 14, 2008 7:41 pm Subject: r

Cash Express
Quick Cash
Advance America
Check Into Cash

I think these guys are members of the CFSA. I'm not positive. You may want to double check. If so, you can invoke the EPP only if you get there at least one day before your loans are due. You will sign an amendment to your loan documents and they will break down what you owe into four equal payments until they are payed off - no interest - no added fees.

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