Debt Consolidation Care Answers
Debt Consolidation Care Answers
Welcome Anonymous

 

how to get out of payday loans  

0
i am in payday hell is there anyway i can consolidate them and have only 1 payment.or is there anyone that might give me a loan, i have poor credit but i can pay between 500 to 1000 a month to pay it back. thats alot less than i pay them.
 

asked Nov 16, 2006 12:07 PM

jackragan
Best Answer
5
best answer

No. Payday loans are legal in your state but the one you have is illegal because they are not licensed in the state of IL.

You can email the letter, send it certified USPS, fax it or send it in all three ways. I only emailed mine.

They can not garnish anything unless they take you to a civil court which they won't do because they are illegal.

answered Jan 11, 2009 02:36 AM

98 Answers

0

Welcome jackragan! Somebody will be in contact with you to discuss your situation and options. In the mean time what state are you in and are these internet or storefront pdls?

answered Nov 16, 2006 12:09 PM

0

both

answered Nov 16, 2006 12:10 PM

0

Here is the link to get your state's pdl laws:
http://www.paydayloaninfo.org/
As for the storefronts, you will need to make payment arrangements with them, they are licensed and they can take you to court to get a judgment against you. Now the internet are different, they are not licensed and this gives you room to make settlement arrangements with them. I highly suggest that you file a complaint with your AGs office against them. Then you will either need to block them from debiting your account or close and open a new account. What state are you in, it would help to know this, to give you more accurate advice in your situation, laws vary from state to state. If you have been paying roll over fees for a period of time it may be that you have already paid back the principal and legal interest rate allowed by your state and you could demand they mark your account paid in full.

answered Nov 16, 2006 12:15 PM

0

Don't take a new loan for paying the existing debts. In case, you miss one of the payments, you will be surprised to see the debts multiplying faster. Use other options like a debt management program. They give better results.

Banks offer loans to people with good credit and with good packages. Since your credit scores are not good, you will get the loan at highest interest rates and if any company is giving you the loan, research on them first. Most turn out to be scammers.

answered Nov 16, 2006 12:16 PM

0

i have internet and storefront loans. i live in texas,

answered Nov 16, 2006 12:16 PM

0

Here's the link for tx pdl laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=TX
Which internet pdls are you dealing with and how long have you been paying on them?

answered Nov 16, 2006 12:18 PM

0

paday ok- 2months, cash in a wink- 1 month cash supply- 1 month.

answered Nov 16, 2006 12:22 PM

0

Sorry, should've also asked how much each loan was for. Cash Supply's corporate offices are located in Atlanta, Georgia. And if you still owe them and they say send a moneygram, don't I have the physical address where you can send a money order.

answered Nov 16, 2006 12:25 PM

0

ive read were people have sent letters to some companys to get out what letter did they send.

answered Nov 16, 2006 12:29 PM

1 2 3 4 5 6 7 8 9 10 Next » ...  Last  

Write your answer here. And keep checking whether it's been chosen as the Best Answer.*

 

Why DebtCC community

recommends OVLG ?

Watch true stories


Call - 800-530-OVLG
( Open 7 days till 9 )

Or
 

Recent Five Members

1.
2.

More Members..

Feedback

Tags

and
con
day
do
i
in
LLC
me
NCL
NLS
ON
or
owe
pay
PDL
PNC
SSM
Too
who