Texas Payday Loans have killed my finances
Date: Thu, 04/26/2007 - 13:24
I have 6 payday loans out, and many of them have been rolled over going on for months. I am going to let them go to the bank and deal with the collection agencies rather than continue to run on the traedmill. What should I do?
Tim in Texas
What companies did you borrow from? How much did you borrow?
What companies did you borrow from?
How much did you borrow?
How much money have they taken from you?
Are these storefront or internet??
First Cash $800, over a year Cash Stop $600 , 6 months ACE $10
First Cash $800, over a year
Cash Stop $600 , 6 months
ACE $1000 ,3 months
EZ Money $1500, 1 month
Advance America, $1000, 2 months
All storefronts, and all draining my life.
Ok first things first...YOu are in Texas so are these companies
Ok first things first...YOu are in Texas so are these companies allowing you to roll these over each pay period or do you pay them the full amount and then rewrite a new check for the loan??
Before you let the accounts reach collections, try putting a pro
Before you let the accounts reach collections, try putting a proposal to the pdl company and work out a payment plan. Most companies are willing to work on the borrower's terms if they intend to pay back.
First Cash rolls over by a finance charge Cash Stop rolls over
First Cash rolls over by a finance charge
Cash Stop rolls over by a finance charge
Ace rolls over by a finance charge up to 6 times, then I had to pay the full amount, but was allowd to immediately reloan.
Advance America makes you pay off the full amount plus charges every two weeks
EZ Money gives you 6 extensions, then makes you start paying down the loan.