Internet's first get-out-of-debt community - 168,000 members

Posted: Sat Apr 21, 2007 8:16 pm Subject: how to get out payday

how to get out payday loans have 6 of them live in state of Ohio store front loans

Posted: Sat Apr 21, 2007 8:19 pm Subject:

I am not familiar with Ohio laws, but there are those here that are. It might help them if you list who they are also. Some people may have dealt with them and can direct you now to proceed.

As far as the law goes, you might want to search it in the box above with our little debt fighter. That would at lease give you an idea what you are up against. Hang in there though. I am sure someone will be along that can give you a little more help that I have been able to.

Posted: Sun Apr 22, 2007 4:24 am Subject:

Since they are all store front loans you probable won't be able to get out of them. Storefront usually indicates that they are legal and following the law in your state.

Posted: Sun Apr 22, 2007 4:29 am Subject:

Here is the state law for your review. I see that you can only legally have one loan out at a time. The legal percentages are there to, you can compare them to what you are paying. I can tell you that the only way I got done with my store front pdls was to default on them and the fees stopped. That was a personal choice. Know what you are getting into before deciding to default. They may set up payment plan for you or they could take you to court. They worked out a payment plan with me.

Posted: Sun Apr 22, 2007 7:47 am Subject:

Defaulting was also the only way I could see to end the insanity as well--otherwise, you will be paying on these loans till you die. Trust me, I have been there. If you do default, contact your lenders immediately to work out payment plans.
And let's face it: you won't be the first to default and certainly won't be the last for these storefronts, so it helps everyone to get a payment plan going.

Posted: Mon Apr 23, 2007 3:35 am Subject:

There was no end to the viscious fees until I put an end to it. I actually wish I would have defaulted months ago, if I would have known then what I know now. LOL