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 Posted: Tue Apr 22, 2008 8:49 pm Subject: Help PDL problems in VA
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Hi, i'm new to this forum. I need help I have 7 PDLs and they are all done in stores. I have no living family,unfortunatly. I needed help to keep us going. I live in VA. The PDLs are with Quik Cash, Check Smart, Advance America, Check'n Go, 1st Choice, ACE Cash Express, and Cash-2-Go of VA. I want to pay them off, but the interest is too high. Help!!!! I'm considering finding a 2nd job just to pay this back. I'm trying to rebuild my credit after a recent divorce, but not having much success. I've tried to get a loan to consolidate my debts, but I got turned down.
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Desperate single mom
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Posted: Tue Apr 22, 2008 8:56 pm Subject:
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Hi, single mom!  First off, I'm going to post your state pdl law for us all to see. You reside in VA and these are all storefronts, correct? Have you defaulted on any of them yet? I can check to see which ones are members of the CFSA. The ones that are, you can invoke the EPP (extended payment plan) if you have not yet defaulted.
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cannr
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Posted: Tue Apr 22, 2008 8:57 pm Subject:
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| Code: | Virginia State Information
Legal Status: Legal
Citation:
Va. Code Ann. ยง 6.1-444 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance |
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cannr
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Posted: Tue Apr 22, 2008 9:21 pm Subject:
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Hi Single Mom- I just want to say welcome to the community! You are in a great place now with wonderful people. Keep your head up things will get better!
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hevnly_chick
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Posted: Tue Apr 22, 2008 9:27 pm Subject:
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I know for sure that Quik Cash, Checksmart, Advance America, and Check 'n Go are members of the CFSA.
If 1st Choice is "First Choice Cash Advance", they are a member of the CFSA.
I do not show ACE Cash Express as a member. And not showing Cash-2-Go of VA as a member.
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cannr
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Posted: Wed Apr 23, 2008 3:37 am Subject:
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Ace Cash Express is a member of FISCA. FISCA members are required to offer extended payment plans to their consumers.
Hope all this information helps you out! ^_^
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Amaranth
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Posted: Wed Apr 23, 2008 3:51 am Subject:
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Thanks, Amaranth! Are they listed under a different name on the CFSA list? Like a "corporate name"?
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cannr
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Posted: Wed Apr 23, 2008 3:56 am Subject:
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Hmmm....I dunno. I have come across a few companies that are members of both CFSA and FISCA. However, as far as I have found, Ace is only a member of FISCA.
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Caress the one, the never-fading rain in your heart; the tears of snow-white sorrow. Caress the one, the hiding Amaranth in a land of the daybreak ~ Nightwish
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Amaranth
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Posted: Wed Apr 23, 2008 3:58 am Subject:
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I checked the CFSA website. I do not see Ace on there at all. Unless they are using a "corporate name", which wouldn't be uncommon. Like, for example, Quik Cash is a member, but their name on the CFSA list is QC Holdings, Inc.
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cannr
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