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 Posted: Sat Nov 10, 2007 6:57 am Subject: help I am drowning in PDL in Utah
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Hi everyone
I have about 7 pdl out and my account has returned at leat 4 of them since I am paying over 600 a week in extenstion. I can't sleep all my other bills are on hold and I cring when the phone rings. What are my options and please HELP ME
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lmedina44
Joined: 10 Nov 2007
Posts: 11
Debtcc Points: 318
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Posted: Sat Nov 10, 2007 7:21 am Subject:
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Hi, welcome to the forums, we can help you!
Can you answer a few questions?
Are these internet or storefront loans?
What are the companies?
How much were the amounts of the original loans?
How much have you paid so far on each?
Let us know this stuff, and we can go from there! 
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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Posted: Sat Nov 10, 2007 7:44 am Subject: hi there
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I have a couple of each store front ones
Quickloan 500 with 100 payment which bounced this week
Checksmart 354 total due bounced
Checkngo 350 with 60 to extend this week
dollar loan 300 pay 25 a week
buckeye due this week 465.00
internet
second wallet 500 with 120.00 ext
cashnetUSA 600 with 97 ext
I think that is all of them.
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lmedina44
Joined: 10 Nov 2007
Posts: 11
Debtcc Points: 318
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Posted: Sat Nov 10, 2007 8:38 pm Subject: r
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I'm showing Checksmart as being a member of the CFSA. I'm showing Check n Go as being a member of the CFSA. Is Dollar Loan actually "Dollar Financial Group"? If so, they may be a member of the CFSA. Is Buckeye actually "Buckeye checksmart? If so, they may be a member of the CFSA. I'm not showing Quick Loan unless they are using a corporate name. If these storefronts are members of the CFSA, you can go into the store BEFORE the due date of the loan and invoke the EPP (extended payment plan). The EPP will allow you to make payments of 4 equal payments until the loan is paid off. No interest added and all collection efforts stop. Your internets - I haven't heard of Second Wallet. But I do know that CashNetUSA will be licensed/legal and you have to deal with them (unfortunately). Hang on and I'm going to post Utah state pdl law so we can all see it.
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cannr
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Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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Posted: Sat Nov 10, 2007 8:39 pm Subject: r
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Utah State Information
| Quote: | Legal Status: Legal (Applies to check cashers only)
Citation:
Utah Code Ann. ยง 7-23-01 et seq.
Loan Terms:
Maximum Loan Amount: No Limit
Loan Term: May not exceed 12 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 12 weeks from original loan date)
Cooling-off Period: None
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894
http://www.dfi.utah.gov/ |
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cannr
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Posts: 9374
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Posted: Sat Nov 10, 2007 8:53 pm Subject:
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Don't get too stressed out over them. Just take a deep breath and you will be able to work yourself out of this situation. I am going through the same thing right now and slowly bit surely making progress.
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njl32
Joined: 24 Oct 2007
Posts: 99
Debtcc Points: 2448
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Posted: Tue Nov 13, 2007 6:26 am Subject: thanks for the info
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I am working with most of them I am just letting the checks bounce as I have talked to all of them I just hate being in the hole all the time.
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lmedina44
Joined: 10 Nov 2007
Posts: 11
Debtcc Points: 318
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Posted: Tue Nov 13, 2007 1:02 pm Subject: r
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You're not the only one! We're in this together! If you need anything, just post!
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cannr
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Posted: Fri Nov 16, 2007 7:14 am Subject: OK what to do now
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I have bounced 6 PDL now what can you help me with can you get them off my back
Checkmate 352.82
Quickloan 600.00
Second Wallet 120.00 ext only
my cash now 360.00
Buckeye 464.07
QC 300.00
I think I have a couple more that will bounce tonight i don't have any money left and just got paid yesterday what a joke
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lmedina44
Joined: 10 Nov 2007
Posts: 11
Debtcc Points: 318
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Posted: Fri Nov 16, 2007 11:09 am Subject: r
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You have been speaking with the storefronts? Did they put you on any type of payment plan? And was there any indication of them being members of the CFSA and offering the EPP as I previously posted?
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cannr
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Posted: Fri Nov 16, 2007 11:26 am Subject: yes
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I have talked to a few of them and some are being pretty nice the on line ones are the ones that are demanding. I not sure what cfsa or epp is can you let me know what you mean
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lmedina44
Joined: 10 Nov 2007
Posts: 11
Debtcc Points: 318
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Posted: Fri Nov 16, 2007 11:38 am Subject:
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BTW - Cash Net USA is also a CFSA member. So you can do the EPP with them too.
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
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goudah2424
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Posted: Fri Nov 16, 2007 2:16 pm Subject: r
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lm, let's thank Goudah for letting us know that Cash Net USA is also a CFSA member. So you can do the EPP with them too. Thanks, goudah! There are storefronts who are members of the CFSA. If these storefronts (and I guess CashNetUSA also!) are indeed members of the CFSA, you can invoke the EPP. What this is is an "extended payment program". If you do find that your storefronts are members of the CFSA, you can go into the storefront BEFORE the due date of the loan (not ON the day, but BEFORE the day) and tell them you need to invoke the EPP. They will have you sign an amendment to your loan agreement. What this does is allows you to make 4 equal payments coinciding with your paydates to pay the loan off. No fees are added and all collection efforts are stopped. You just must be sure to adhere to the payment plan. This way, your loan would be paid off in full in 4 payments and you will never have to look at these people again. Now, they will most likely want you to start the EPP on the due date of the loan. So rather than going in and paying & re-writing, you would go in and pay the 1st payment and walk out. It takes a strong person, but if you're up for it, you can get these storefronts paid off (money would be tight for a bit) and never have to owe them again. You might want to check to see if any of your storefronts are members of the CFSA. And, who are your internets??? They are giving you a hard time? Have we established if they are even licensed/legal yet?
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cannr
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