I have too many payday loans
Date: Mon, 12/11/2006 - 08:12
Ladytuasf, Welcome to the community Please tell us which compan
Ladytuasf, Welcome to the community
Please tell us which companies you are dealing with?
This will help us provide you with information on our experiences.
The Companies i have loans with.......
paydayselect, unitedpayday, webpayday and oneclickcash
What do suggest that I do to take care of this since I can't pay them all at once. I can pay them off one at a time but not all at once? do you have any suggestions?
What state are you in? I have dealt with PaydaySelect which is a
What state are you in? I have dealt with PaydaySelect which is also PaydayOk. Payday lending is illegal in my state. Most internet pdls are charging more than the states will allow.
pdl
I stay in Indiana, do you think that that I may be able too get out of all this debt....I really have good intention to pay but i can't afford it all at once! Can you go to jail for not paying them on time?
Here is the law for IN payday loans Quote:Legal Status: Legal
Here is the law for IN payday loans
Quote:
Legal Status: Legal Citation: Ind. Code Ann. ???? 24-4.5-7-101 et seq. Loan Terms: Maximum Loan Amount: $500 (not to exceed 15% of borrower's monthly gross income) Loan Term: Min: 14 days Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500 Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One per lender; Two total Rollovers Permitted: None (cannot renew, repay, refinance or consolidate) Cooling-off Period: 7 days after 6 consecutive loans Repayment Plan: After 6 consecutive loans, lender must impose a 7 day cooling off period or convert to an installment loan payable in more than 4 installments at a rate no greater than 36% APR Collection Limits: Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Indiana Department of Financial Institutions Address: 30 South Meri dia n Street, Suite 300 Indianapolis, IN 46204 Phone: (800) 382-4880 Fax: Regulatory Contact: Mark Tarpey,, Supervisor, Consumer Credit http://www.in.gov/dfi/ |
Payday loans arizona
I have more than 3 pay day loans I just found out you cannot have but one. I am terrified since it is illegal can I go to jail for this.
No guest, they don't send people to jail for not being able to p
No guest, they don't send people to jail for not being able to pay their debts. Please go to the payday loan section and post a new thread with the following info and we will do our best to help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html
Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!
