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I think that payday loans actually are good for the one time need of help alongs you pay it back the next week. I currently have a payday loan from Zip Cash and I have 90$ taking out every other week. How can I pay for this and my other bills so I wont keep falling behind. I have 3 credit cards that are past due serverly past due and I keep wanting to make payment arrangements with them and I can't. I have in the past filed bankruptcy but these credit cards were the ones left open from back then and were clear of any debt. From my divorce I am tapped out. I have less then 2 years on my car payment. I am just wondering if anyone has been in my shoes that can help me deal with all this, the creditor calls and etc.

Posted: Fri Nov 10, 2006 7:44 am Subject:

Welcome! Somebody will be in contact with you to discuss our situation and options. Is this a storefront or internet pdl?

Posted: Fri Nov 10, 2006 7:45 am Subject:

Here is the link for your state's pdl laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=NH
It appears your state does not allow roll overs on this type of loan.

Posted: Fri Nov 10, 2006 8:09 am Subject:

Should they have taking the full loan payment the first time they took the finance charge of the loan? What do I do now since they took out another 90$ but not the full loan? THey told me that I had to call them to pay it off but they would keep renewing the loan till it was paid off so they take out $90 every two weeks. THis is the second time they took it out though.

Posted: Fri Nov 10, 2006 9:42 am Subject:

Have you checked with your state laws if roll over are allowed in your state? I checked it and found the following information.

Posted: Fri Nov 10, 2006 9:58 am Subject:

I am working with one right now but I wont give them to much information till I look them up at BBB.

I will send to the state banking department for the pay day loan.

Thank you

Posted: Fri Nov 10, 2006 10:06 am Subject:

Found out they are not liscenced with NH.

Posted: Fri Nov 10, 2006 10:09 am Subject:

Majority of the internet pdls are not licensed to lend in any state, and you will find in some cases they are not even licensed to lend in the state they say they are located.

Posted: Fri Nov 10, 2006 10:22 am Subject:

jayandcherrie5. I also thought a payday loan was a good idea, but they also kept taking out the refinancing payment every two weeks. It ended breaking me because the loan never got paid down. I had paid nearly $1000 in finance and interest for a $500 loan.That is until I complained to the BBB, FTC,and my states Attorney generals office. If you complain about them doing business illegally in your state and overcharging then you should be able to either get the loan closed or only be responsible for what remains on the principle. That is including your two payments of $90.

For example if you had a $300 loan, so far you have made two $90 payments. Therefore only owing $120.

I would file the complaints and email the payday loan company you used notifying them of your complaints and how you want the loan resolved.It may take several emails a day, but they will work with you once they realize you have filed complaints.

Posted: Fri Nov 10, 2006 10:30 am Subject:

Also if you can get rid of the Paydayloan you can more easily work with the credit card company. They also are supposed to work with you.

Posted: Fri Nov 10, 2006 10:42 am Subject:

I have one that is but the Capital one card isn't so I told them I will not pay an outrages amount they want and I can only give them a certain amount a month to pay it off and they still refuse they said it wouldn't even pay the finance charges. I thought it was a good amount.what do I do in this case.

Posted: Fri Nov 10, 2006 11:02 am Subject:

I actually never had a problem with Capitol One. when I owed them they agreed on a great amount for me. But this was a couple years ago. I would try talking to a different person or even asking for supervisor. Stand you ground though. Good Luck