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Posted: Wed Feb 28, 2007 12:05 pm Subject: PDL Woes...

Afternoon all, I am so happy to be apart of this invaluable resource. Our story is as follows, my husband and I got behind on some bills...1 PDL led to another and now we just can't get away from them. Sad

We have no idea what to do or what we should do.

We would like to consolidate them if possible. These are the ones we have and we live in the state of TN Sad

...

Crown Lending, Inc.
United Cash Loans
NetCashUSA
EastSide Lenders
Cash Direct Express
PayDaySvc
Northway Credit
UpFrontCash

This is so very embarrassing. I do not sleep at night, I do not eat...please any ideas on what companies can consolidate these folks would be GREATLY appreciated!

Thanks!

Kimi

Posted: Wed Feb 28, 2007 12:33 pm Subject:

Relax, everything will be alright. I will suggest you to call your lenders and let them know about your financial problems. If they are a legit business, you should make prior arrangements before they send your file to collections. It is hard dealing with the collectors.

Go through all the accounts and calculate how much is paid so far. Compare it with the pdl laws available in your state. You will figure out the legal charges and fees on the repayments and know about their legit business. Propose your repayment plans to each lender and there are chances that they will offer some extensions. If not, let them know that a consolidation company will be calling soon. Search different payday loan topics here and know others experiences dealing with these loans. Many people have posted their success stories. You will be able to work out something better.

Posted: Wed Feb 28, 2007 12:38 pm Subject:

I am not by far stupid, but trying to figure out the math end of this is so difficult. I am not good with numbers sadly enough. I will do my best.

I just spoke with the rep from the "referred" agency and they can't help me with these PDL companies. Please, might someone know of a company that does work with them?

In the meantime I will call these places and see what I can do to make arrangements with them.

Thanks!

Kim

Posted: Wed Feb 28, 2007 12:58 pm Subject:

Welcome to the forum Kim. You said that you are from TN and I know that there are one or two here who are also and they are very well versed in TN law regarding pdls. I reconize 5 of these to be internet, am I correct? Are the others also? How long have you had them? You will find everyone here is in or has been in the same vicious circle that you are in. Just give us a little mor info and some one here will be ableto give you the heads up on what to do.

Posted: Wed Feb 28, 2007 1:07 pm Subject:

Yes, they are all internet. We have had them about a month...we have tried working out an arrangement with a couple of them. I have never in my life been treated with so much disrespect. You see, I had lost my job and we are now down to 1 income. 5 Children on top of that 15, 13, 12, 10, and 8. I am going a job interview tomorrow but will waitress if it falls through. Sad

Posted: Wed Feb 28, 2007 1:08 pm Subject:

If you list how much you borrowed/paid back so far I or someone else can help you with the math part . . . .

Posted: Wed Feb 28, 2007 1:38 pm Subject:

I will most gladly do so! Here goes...

Cash Direct Express : loan for 300, fee 90 have only paid 180 (just principle Sad

)

Upfront Cash : 300, fee 90 have paid 180

Crown Lending, Inc : 300, fee 90 paid 90

United Cash Loans : 300, fee 90 paid 180

NetCash USA : 500 , paid 120

I think there are actually only 2 - 3 left. I am at work and can't get to my records.

I have no idea how to even approach these people to resolve this issues.

I thank you each and every one of you who are taking your precious time to work with me on understanding this.

Kimi

East Side Lenders : 375, paid 125

I am currently at work but the others which are around 3-4 I have the info at home.

Posted: Wed Feb 28, 2007 1:52 pm Subject:

Posted: Wed Feb 28, 2007 2:29 pm Subject:

Thank you so much for replying...does this mean we should actually be almost through paying these balances or are they fleecing us for example...the rep for one company said we owe 300...but the principle is 90 and to pay to renew is 90 but to take down the balance (300) we should attach 50 increments at a time to the 90. :/

Kim

Posted: Wed Feb 28, 2007 3:09 pm Subject:

Yes, you should only have to pay back the principle plus the legal amount of interest.

Posted: Wed Feb 28, 2007 3:11 pm Subject:

If they ask you to pay the rollover fee, just let them know that you are aware of your state laws. They will try to swindle around them, but push them until the give in. Laughing

Posted: Wed Feb 28, 2007 3:16 pm Subject:

I am unable to answer your question, but wanted to make sure you contact your state's attorney general and/or the dept. financial institutions and file a complaint.

Posted: Wed Feb 28, 2007 3:26 pm Subject:

natdust is right, they will tell you that you are wrong and they are right, but they wrong. They will lie to try to get you to pay up. Just stay strong and stick to the laws and you will come out okay.

Posted: Thu Mar 01, 2007 8:13 am Subject:

Forgive me if I am sounding daft. For a 300 loan, in the state of TN they can only charge me 30$. So by paying their principle of 90 I am actually only allowed to pay the $30 as principle and this allows me to confront them about the laws here in TN.

Should I go ahead and close my checking account out now or should I wait. So far nothing shady has been happening *crosses fingers*.

I tried to work with the debt consolidation company this site referred me to but they can't help me. Please can someone send me the information on this T & C or some other company that will work with these nasty PDL folks.

Thanks and good morning to all of you

Posted: Thu Mar 01, 2007 8:48 am Subject:

I would close my account asap!!

Posted: Thu Mar 01, 2007 8:50 am Subject:

I don't know how I could. Sad

We have already sent our house payment out via eft. It is scheduled to go through tomorrow and unable to be stopped. I would go this very minute and close it if I could.

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