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 Posted: Mon May 05, 2008 4:40 pm
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I sat down this weekend and figured out how bad the situation really is. Need I say I became quit ill!! I thought that I owed between my store front and internet lenders about $8000, it came to $12000. I have read on several posting of Langhorne Debt Services and thought I would get info. They are saying to close my account, I know that I must do this to gain my control, and not to mention my sanity back. I am worried about my store front loans. I am in Wyoming by the way. I have talked to my friendly Advance America manager, who says that I should close the account, wait for default, then make arrangements with the store front loans. Need advice, as I really do not look good in Orange and am quit scared of small spaces! I can, change my store front loans to my joint account and pay down as I can, but will the internet loans screw up my chance of writing checks?
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ginurse
Joined: 12 Nov 2006
Posts: 135
Debtcc Points: 2159
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Posted: Mon May 05, 2008 5:29 pm
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i can't offer too much advice as i also need all the help i can get  but i can say that its gonna be ok. i really do think the only way to stop this maddness is by closing - or putting a hard block - on your account. that was the hardest part for me, to be honest.. closing the account. like i said, i can't really offer too much advice but it will be okay.
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bea2ls
Joined: 27 Mar 2008
Posts: 324
Debtcc Points: 3221
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Posted: Mon May 05, 2008 5:40 pm
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Ginurse, you are going to be just fine. We won't stand for anything less--and you will feel so much better with that monkey off your back!
What amazed me in my PDL days was going to a storefront one Saturday and seeing one of my hospital's nurse managers in line!! I don't know who was more embarrassed...
But like I said before, you are going to have to play hardball with the offshores, and we can help. Take care!
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kscornell
Moderator
Joined: 22 Jul 2006
Posts: 3420
Debtcc Points: 31782
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2655
Debtcc Points: 19095
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Posted: Tue May 06, 2008 5:00 pm
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Well I did it! I closed my checking account, gave my letter of revoking my wage assignment to my office manager and faxed and mailed my letter to Cash Transfer Centers. I am going to start working with Langhorne. My first payday loan will try to debit Friday. It is w/Cash Net. I also spoke with my store front lenders. They will work with me.
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ginurse
Joined: 12 Nov 2006
Posts: 135
Debtcc Points: 2159
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Posted: Tue May 06, 2008 5:33 pm
Latest Blog Post : http://needhelpwithbills1966.yesdebtfree.org |
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I am happy that you got to close your bank account. I do not think that anybody looks good in orange (lol). Are your payday loans storefronts or internet? Also, are payday loans legal in your state? If they are, pay the legal ones first then pay the other ones the orginial amount that you have borrowed. Also, send e-mail to the payday companies letting them know that they are no longer authorized to debit your account.
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wssu91
Joined: 31 Mar 2008
Posts: 223
Debtcc Points: 1423
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Posted: Tue May 06, 2008 7:37 pm
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| Code: | Wyoming State Information
Legal Status: Legal
Citation:
Wy. Stat. 40-14-362 et seq.
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: 1 calendar month
Maximum Finance Rate and Fees: the greater of 20% or $30
Finance Charge for 14-day $100 loan: $30
APR for 14-day $100 loan: 780%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot repay, refinance or consolidate by proceeds of another check)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees:
Criminal Action: Prohibited (Prior to date on instrument)
Where to Complain, Get Information:
Regulator: Wyoming Division of Banking
Address: Uniform Consumer Credit Code, 122 West 25th Street Cheyenne WY 82002
Phone: (307) 777-7797
Fax: (307) 777-3555
Regulatory Contact: Joe Mulberry,, UCCC Supervisor |
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9339
Debtcc Points: 124619
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Posted: Tue May 06, 2008 7:48 pm
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I have both internet and storefront. I am going to go thru Langhorne Debt Settlement to settle the internet loans. I have made arrangements with the storefronts.
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ginurse
Joined: 12 Nov 2006
Posts: 135
Debtcc Points: 2159
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Posted: Tue May 06, 2008 7:55 pm
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It sounds like you are on your way to being pdl free good luck and congratulations.
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ladybug
Joined: 29 May 2007
Posts: 2336
Debtcc Points: 22591
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wssu91
Joined: 31 Mar 2008
Posts: 223
Debtcc Points: 1423
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 2655
Debtcc Points: 19095
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Posted: Wed May 07, 2008 7:47 am
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 Good luck it sounds as if everything is coming together, keep us posted.
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jacks1392003
Joined: 08 Apr 2008
Posts: 68
Debtcc Points: 832
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Posted: Wed May 07, 2008 11:36 am
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Hi ginurse--can I ask how you made payment arrangements to your storefront loans? Did you talk to them before closing your account, or did you just wait until they called you to advise the check bounced?
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saxy_soprano
Joined: 27 Aug 2007
Posts: 80
Debtcc Points: 1015
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Posted: Wed May 07, 2008 12:06 pm
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DO Not pay more than you initially borrowed from those internet loans. They will take and take.
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shoppinbuczek
Joined: 28 Apr 2008
Posts: 54
Debtcc Points: 723
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Posted: Wed May 07, 2008 12:54 pm
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If the loans are legal in her state , she needs to pay what ever the legal rate is.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5466
Debtcc Points: 38903
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