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Posted: Fri Oct 27, 2006 6:01 pm Subject: How to get out of the payday loan trap

How do you get a handle on payday loans?

Posted: Fri Oct 27, 2006 6:04 pm Subject:

First: 1. What state are you in?, 2. How many loans do you have outstanding and with who, 3. How long have you been paying on them, and finally 4. Are these storefront or internet pdls?

Posted: Fri Oct 27, 2006 7:22 pm Subject: pdl

I'm in PA - the loans are with Cashnetusa, Paydaydayselect, GFS, Arrowhead, Netcashusa,
Paychecktoday
They are internet pdl's and I've been paying on them since about May-June 06

Posted: Sat Oct 28, 2006 1:23 pm Subject:

Read this link, you will know about the laws in PA.

http://www.debtconsolidationcare.com/settlement/pennsylvania-pdllaw.ht ml

Review your bank statements and figure out how much you have paid on these accounts. You are liable to pay only the principal amount because that's what you borrowed from the lenders, no matter if they are not licensed in your state. The companies don't have the rights to add charges because your state has no specifics. So, review your statements and see whether you still owe a balance. Then make your arrangments by them one on one.

Posted: Sat Oct 28, 2006 2:36 pm Subject:

You have been paying on these for quite some time now. How much have you paid so far on them? It could be you have paid back the principal, allowable interest and then some. You could use this link and use the settlement template letter written by Polly and insert your state's pdl laws, demand they mark your account paid in full, and file a complaint with the AG's office, and mention you filed a formal complaint with the AG's office at the end of the letter. Here's the letter link: http://pollyandsay.yesdebtfree.org/template-letter/

Posted: Sat Oct 28, 2006 3:33 pm Subject:

cabyh59, follow the advice given above.

Also, you can search for the companies at the google box and read what others had to say on them. PA laws are in favor of the people and most companies often do bad by doing something illegal with the charges. You may get a strong hold on them if you do everything that your state allows.

cheryl · Posted: Mon Oct 30, 2006 3:41 pm Subject:

I received the advice and really really appreciate it now at least I know where to start and what to do.
I only have 2 weeks till my next pay - but, I will connect to the web sites advised and research my bank
statements for how much was originally borrowed and see how much was paid out. I feel like I'm
rambleing on - I am even shaking as I am trying to
type this. so first of all - THANK YOU for the advice
2nd - I am still trying to figure out how to
manuver around this web site - so bare with me.
1st question - when my site comes up - the
goggle search is on the right side of the screen and
it covers part of the e-mails - how do I minumize
this so I can read the full response.
and once on the site - how do I get to my sign on
page to find my responses.

Thanks

Posted: Mon Oct 30, 2006 3:44 pm Subject:

Read this link. Your query is been answered

http://www.debtconsolidationcare.com/getting-loan/about16675.html

After you sign in the forums, you get your personal homepage as a member. Click to see all your posts done in this forum.

Cheryl · Posted: Mon Oct 30, 2006 4:18 pm Subject: registering

when I try to register - it tells me that my e-mail
already exits.?

Posted: Mon Oct 30, 2006 4:23 pm Subject:

Caby and Cheryl - you can do this Smile

Take a little time and read through the threads, if you get overwhelmed, pm me or anyone else you feel comfortable asking questions to. This is not the end of the world and as I was told "you WILL make it through this!"

Posted: Mon Oct 30, 2006 4:28 pm Subject:

Cheryl

Can you use any other email address because you used one previously that is in the system? Or you can call the customer care at 800-601-1579 and ask for help.

Cheryl · Posted: Mon Oct 30, 2006 4:56 pm Subject: Thanks

I am going to take my time now and read through the
threads and if still having trouble will call the
customer care center. Will try and get back to you, as
I will have to be going to pick up my daughter -
(teenager) so hopefully she let me back on for awhile
I did print out some of the pdl - how much was borrowed and how much was paid...
1st question - should I just get intouch with them first and see if they will accept what I paid as full payment - - or should I close my bank account and re-open under a new one before next payday.
that is with netcashusa and I think the other one was
arrowhead so far... has anyone dealt with them for pay offs...

as the teenager says - brb

thank you and god bless.

Posted: Wed Nov 01, 2006 7:27 pm Subject:

Well - I thought I was told that someone would contact
me about the debt consolidation on my pdl's or something like that - I haven't had anyone contact me
to date 11/01 - should I wait till someone does or
should I contact the pdl's and try and make some
reasonable payment arrangements???
or close my bank acct - so I can pay my car and utilities before my next paycheck 11/10 is sucked
up from the pdl's.

thanks