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Posted: Fri Jun 06, 2008 8:54 am Subject: Payday Loans in Utah

Can anyone recommend a good company I can work with to settle my payday loans?

I am located in Utah, which from what I understand is a very friendly state to payday lenders. All of mine are internet loans. I'm adding up the totals and amounts right now. I'm not currently in default, but can no loner afford the payments.

Should I close my checking account right away, or is it better to wait until I've gone into default?

Also, once I go into default, will they immediately start calling my references? I want to avoid it if at all possible.

Any advice on how to settle these myself will also be greatle appreciated.

Thanks,

Ryan

Posted: Fri Jun 06, 2008 9:03 am Subject:

Here is a list of the lenders and principal amounts owed:

CashnetUSA: $1,000
247Advances: $200
United Cash Loans: $350
JD Marketing: $300
Summit Group: $300
MyCashnow: $100.00
Check City: $700
ACC: $300
PaydayMax: $400
Paydayone: $500

Any help from people who have worked something out with any of these lenders on their own would be greatly appreciated.

Thanks,

Ryan

Posted: Fri Jun 06, 2008 9:12 am Subject:

i am sure you have made payments to some of them....how much to each? and before you close your account make sure you read

Posted: Mon Jun 16, 2008 2:11 pm Subject:

So I got this back from 247 Advances after submitting my Cease and Desist to them.

"The Loan Agreement, to which we have adhered to by funding the loan, detailed that your loan was subject to the Arbitration Laws of Ireland, a fact by which you confirmed your understanding and acceptance of via the online signature you made. Please note, we are not a US company, have never prescribed to be a US company and have no US presence, as such are not subject to the US laws you detail. Please refer to your copy of the Loan Agreement. Under the terms of the Agreement you consented to make payments via ACH until the loan was satisfied in full. We will continue to make all reasonable attempts to make contact and to attempt collection of all funds due and payable to enable the loan agreement to be satisfied, as per the original provisions. Regards, Customer Services"

Now what should I do?

Posted: Mon Jun 16, 2008 2:17 pm Subject:

Cashnet USA, PaydayOne, and Check City are all licensed in UT so I should probably be working with them for payment arrangements first correct?

Posted: Mon Jun 16, 2008 2:19 pm Subject:

Why are my posts not showing?

Posted: Tue Jun 17, 2008 10:30 am Subject:

Just just off the phone with JD Marketing.

They have agreed to mark my loan as paid in full!!!!!

That takes care of two off of my list.

Hopefully I can get the rest resolved soon.

Posted: Tue Jun 17, 2008 10:54 am Subject:

Anyone have any tips on dealing with United Cash Loans? So far I have paid $315 in rollover fees on a $350 dollar loan. I sent the an offer to settle the loan for the additional $35 I owe in principal but have only received an emial back saying that they have received my inquiry and to call customer service if I have any more questions.

Posted: Wed Jun 18, 2008 9:51 am Subject:

So I've decided to go with Town and County to help me get out of this mess. I just spoke with them on the phone and their rates seem resonable.

I know I could propably do this on my own, but I'm facing some health problems that are being made worse by this situation and having someone else take care of this allows me to concentrate of my health and life.

I want to thank everyone for their advice. I'll probably stay around and lurk since I've come to enjoy reading these forums.

Guest · Posted: Thu Jun 19, 2008 12:46 pm Subject:

Town and Country has my first payment and said they would start contacting the PDLs today for me. Which is good because they are going to find out tomorrow that my checking acount is closed when they try and debit it.

While I feel good about the situation, I am still really scared about what is going to happen. If anyone has any spare happy thoughts or energy, I'd appreciate it being sent my way.

Thanks,

Ryan

Posted: Thu Jun 19, 2008 12:53 pm Subject:

Sorry, the above post was mine. I forgot to login.

Posted: Thu Jun 19, 2008 2:26 pm Subject:

Starting to panic about what is going to happen tomorrow. Can anyone tell me what I can expect?

Thanks,

Posted: Thu Jun 19, 2008 2:28 pm Subject:

If you are going with T&C, anytime the pdl's call, just refer them there and hang up. I wouldn't bother to talk to them, since you have hired a company to deal with them for you.

Posted: Thu Jun 19, 2008 2:29 pm Subject: reply

wish i could throw some mojo your way,but just know this.the stuff that will come out of there pieholes will be ridiculous,and that is being kind.don't be intimidated.

Posted: Thu Jun 19, 2008 2:45 pm Subject:

Thanks guys.

It was really stupid of me to get all of these loans and I keep beating myself up over it. This could very well cost me my marriage (soemthing I am extremely fearful of as my wife and kids are everything to me). Coupled with my health problems it just gets a little overwhelming at times for me.

I'm glad I found a place where I can come and find support.

Thanks again.

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