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#65
03-19-2007, 07:25 PM
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Yeah, that's why it's strange that they have it all wrong on their site . . . This guys site looks like it was put together by a sixth grader . . . . .
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#66
03-20-2007, 05:35 AM
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How are these individuals allowed to get on this board? It is called debt consolidation care not give me a payday loan care. Gosh.
You answer as to which payday loan is the best payday loan: THERE IS NO GOOD PAYDAY LOAN. Payday Loans were created to get individuals, usually low income people, to borrow money on money for a higher rate. Then you end up robbing Peter to pay Paul, Mary and Sue. __________________
The Best Way To Be Is Debt Free and Alexandra is becoming free! http://alexandra.yesdebtfree.org
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#67
03-20-2007, 07:23 PM
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i work at a payday loan company and i can tell you that no matter how many times you reiterate the fact that "these loans are not meant to meet long trem financial needs," 95% of customers come in and rewrite on their due date instead of paying it off entirely. usually it's bc most people cant afford to be without that 200 dollars (or whatever amount) until they get paid again. so it becomes thsi vicious cycle, as though it were just a part of normal monthly expenses. what most people dont know is that they end up paying something like 267.67 % interest over a period of 12 months. my suggestion is to try this: lets say, for example, you borrow 200. in tn, the finance charges for 200 come to 30. so thats 230 that you have to pay on your next payday. if you cant afford to pay the entire amount, then you can slowly start writing it down. come in on your due date with the 230..instead of rewriting for 200, rewrite for 175. the total (in tn) will come to 205 after the finance charge. the next due date, rewrite for 150, and so on. eventually,it will get down to 25 and you can pay it off and forget about it. i realize that noone asked for my opinion, but i thought it might help someone.
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#68
03-20-2007, 08:34 PM
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That makes sense for the storefronts..I was in a vicious cycle of that with checksmart until i finally broke down and asked to borrow the money from my mom amd she was gracious enough to give it to me so that i could out of the cycle
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#69
03-20-2007, 08:47 PM
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loans
I like that one not allowed in WV. LOL If you get any bright ideas about bringing loans into this state change your mind really fast. Attorney General will be after you just like all the other companies that are paying back money to the consumers. PAYDAY LOANS ARE CRAP!!!! KYSIDE38
__________________
RYDERS OF THE NIGHT
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#70
03-20-2007, 09:01 PM
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No what was sad was that I was going to a payday loan company, storefront, and one day when I came back to reborrow, an ex boyfriend was in there and he was the manager! I guarantee that he was looking at my credit report. I decided to pay the loan out and have my account go to another payday loan just to avoid him. Would you believe that the people that worked thought that he was crazy? And I dated the man. Wow.
I was so afraid of what he might have done that I kept checking my account and my credit report. Creepy. __________________
The Best Way To Be Is Debt Free and Alexandra is becoming free! http://alexandra.yesdebtfree.org
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#71
03-22-2007, 07:26 AM
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what is the best pdl out there
I have a question PDLme, why would a pdl company knowingly lend more than the allowed amount of money for a particular state, at an illegal interest rate, but quote over and over in the contract it is not meant to be long term????? Instead if you truly are out there to help people with bad credit why don't you just simply offer the same no credit check but in a legal format for each persons state??
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#72
03-22-2007, 03:53 PM
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Sorry for the delay but I have been very busy lately. Our business is booming and I am currently in the process of adding more staff.
Most of the questions directed towards me have been aimed at the loaning to states where some people here think it is illegal. I will let you know that my team of lawyers goes through the laws with a fine tooth comb. They are some of the best in the business and we make sure that we abide by the rules as they interpret them. So far I have not run into any problems.
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#73
03-22-2007, 03:59 PM
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"I have a question PDLme, why would a pdl company knowingly lend more than the allowed amount of money for a particular state, at an illegal interest rate, but quote over and over in the contract it is not meant to be long term????? Instead if you truly are out there to help people with bad credit why don't you just simply offer the same no credit check but in a legal format for each persons state??"
Obviously I am not running a not-for-profit organization. I am in the business to make money. As I previously stated I am running a completely legit operation. I am not out there to save people with bad credit. I am providing a service that helps people who can't afford to wait for their paycheck, maybe get groceries for their family or get a new alternator for their car. We state that these aren't meant to be long term loans. If the borrower chooses to make them long term that is their decision.
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