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 Posted: Mon Aug 27, 2007 9:02 am |
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I'm stuck in a payday loan cycle in PA - does anyone know of a viable solution to help me get out of this mess?!?!
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helpinpa
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| Posted: Mon Aug 27, 2007 9:02 am |
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Can you post some more information about your situation? What companies have you borrowed from? How much was each loan? And how much have you paid back so far in fees and such?
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goudah2424
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Joined: 31 Oct 2006
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| Posted: Mon Aug 27, 2007 9:26 am |
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CashnetUSA: borrowed 750, repaid $187.50
United Cash: borrowed 250, repaid 225
Magnum Z: borrowed 300, repaid 300
Webpayday: borrowed 300, repaid 462.50
OneClickCash: borrowed 300, repaid 475
Cashnet: borrowed 300, repaid 105
Advance America: borrowed 500, repaid 300
Anything I can do?
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helpinpa
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| Posted: Mon Aug 27, 2007 9:29 am |
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It is very important that you provode the info that Goudah is requesting! This is the only way that we can guide you down the right path. Please do not be upset! You have arrived here where others who have had the same situation can help you!
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frogpatch
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goudah2424
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| Posted: Mon Aug 27, 2007 9:33 pm |
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So what can I do about the companies who aren't licensed? Do I still have to keep repaying them?
I've already stopped my direct deposit from going into my checking account, so that's a start........going to visit the bank tomorrow and see about closing my account.
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helpinpa
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| Posted: Tue Aug 28, 2007 3:46 am |
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The illegal ones: Just pay the principle and you are done...you can still file with your AG's office to help you mediate closed accounts...
Legal Status:
Prohibited
Loan Terms:
$9.50 per $100 per year discount or 24% per year
Debt Limits:
Not applicable
Collection Limits:
Not applicable
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If you think you can, you can...if you think you can't, your probably right...
http://lifewithyourcredit.yesdebtfree.org/
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Morningstarr430
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| Posted: Tue Aug 28, 2007 6:51 am |
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Going to work on sending letters and closing my bank account today........
What happens next? Can the illegal ones do anything to me once I stop allowing them access to my bank account? I feel a little bit more hopeful having seen the forums here, but I've gotta admit that I'm still very nervous.......
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helpinpa
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| Posted: Tue Aug 28, 2007 7:08 am |
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No, they can't do anything to you at all. They will call and try to scare you into paying, but there is NOTHING they can do but call you.
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goudah2424
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| Posted: Tue Aug 28, 2007 7:41 am |
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Same user, just went and registered.........
Is there anything I can do to stop the phone calls (which I'm guessing will come) from reaching me at work?
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tree2510
Joined: 28 Aug 2007
Posts: 34
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| Posted: Tue Aug 28, 2007 7:49 am |
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My understanding is there is nothing you can really do about the phone calls. I am waiting for mine to start too...  I have been advised to send them to voice mail if possible and then make notes. Some also will tell you to have your coworkers and you all tell them you no longer work there. I told my coworkers not to answer my phone and to let it go to voice mail. I also let them know there had been illegal activities in my checking account, I closed the account and now the illegal copmanies are harassing me. They all agreed to do what they could to help. I am sure others will give you advice as well.
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RoxyNY
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| Posted: Tue Aug 28, 2007 8:07 am |
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Can anyone give me an idea of how long this nightmare will last with these companies?
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tree2510
Joined: 28 Aug 2007
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| Posted: Tue Aug 28, 2007 8:13 am |
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There really isn't a time frame. Sometimes you will get a PIF right away, and other times you will have to fight for a few months. The same company will act differently with people in the same situations.
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goudah2424
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| Posted: Tue Aug 28, 2007 8:16 am |
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Very very nervous about the whole process........I can't believe how miserable this has made things!!! Talk about stupid mistakes not to repeat......
Can anyone pm me a copy of a letter they've sent to these places?
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tree2510
Joined: 28 Aug 2007
Posts: 34
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| Posted: Tue Aug 28, 2007 8:25 am |
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Cannr??? I know you have a good one . . . . Can you send it to Katie?
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goudah2424
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| Posted: Tue Aug 28, 2007 9:46 am |
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Went to the bank and they were fantastic.......even going to put back the NSF fees into my account that these jerks ran up on me!!
I would love it if someone could post the contact info for the loans I have, so I know how to get everything else going......
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tree2510
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Posts: 34
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