Plese Help ME!!!

I see that you have posted this on another site as well. I will post the laws for your state

You will find the Payday loan laws for Kentucky here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

So what would be the best thing for me to do? According to the law of Ky rollovers are permitted and that is what I have been doing with those internet payday loans. I dont mind paying the principal amount but I would like to set up payment arrangements and stop the interest from compounding. Any suggestions?

Harris, Internet pay day loans are illegal in Kentucky. The companies can not be licensed here so they can not lend here. First thing...You need to close your bank account. You need to do this asap. If they will not close it, you need to have the bank place a hard debit block on the account. Explain to them that you have had fraudelant activity on your account and you need it stopped. A hard debit block will keep the companies from being able to atttack your $$. Make sure whatever you do your account can not be forced open to pay these companies. You can not stop payment becuase they will either submit a paper check or use another name to get their money. You want to open your new account at another bank if possible. If you have to stay with the same bank, have the bank put in writing the two accounts in no way will be linked and that the debits will not be posted to the new account becuase of attempted debits to the old account. If you have direct deposit, you need to get with your payroll person and either get it changed to the new account and/or have them issue a paper check until you can have your $$ deposited to the new account. This is the beginning of dealing with the internet. You need to contact the storefronts and work out payment arrangements with them. Speak to a sotre or regional manager. The storefronts are legal and will follow the law to get their money. I will stop here and let you wrap your mind around this. If you have any questions, please post them. Also, post your progress for us so we can continue to guide you on to the next steps.

can the stores sue me or put me in jail? I just want to make payment arrangements with them and never see a payday loan again!!!

HArris, are you current with them?

Although pdl's are not what i know best i DO know they can NOT put u in jail!! And if ur willing to work it out with them i don't see them suing u... they want their money and that's it. Most times a suit is filed after a long time without any sort of payment or if SOL is running out!
Good luck and remember they can NOT arrest u!
Ang

Thankyou ang. I was trying to get all that but I am having trouble posting for some reason. It takes me two or three trys and I am getting frustrated.

Harris the first thing you need to do is close your account like Roxy said and stop your direct deposit. Go to a different bank and open a new account. I can give you an advise on Payday ok and Payday One, you have already paid them the principle on your loan and you don't need to continue paying them. Send them a cease letter along with the PDL laws that Kashzan posted for you via certified mail and also email it to them and demand them to mark your account Paid In Full . They are very easy to work with and once you send them this letters they will close your account right away and mark them PIF. The reason why I am telling you this is because I had two paydaloans with them and i sent them the letters and they marked my account PIF right away and sent me a $1000 refund. In my case was different cause I had paid them almost $4000 in two years, but believe me they will mark your account paid in full cause I did the same for a PDL my husband had and they closed the account also. Good Luck

Harris, all the advice you have gotten so far is excellent. I will echoi tghe otghers , please close your bank account asap, so you will not have any more ach debits. You can open another account at a completely unrelated bank, just to be safe.

thanks so much for all of the info, I feel like such a stupid person for letting things get like this, but I was in such a bind for awhile there was no other way!

Do not in any way feel stupid. We are all on this forum because we have been where you are. You are not stupid, every one makes choices which probably seemed good at the time but turn out not to be the best. You do what you have to in life. We will help you all we can. Just hang in there.

Please please do not feel stupid! These pdl co's count on people doing EXACTLY what u did!! It's a trap and u got caught in their trap! Does NOT make u stupid! And consider it a life lesson!
:D
Good Luck,
Ang

can anyone give me a copy of the cease and desist letters for ipdl's? I will be working, but will check later on tonight.

Harris, I will send you one as soon as I can find it.

All you have to do is write and tell them to stop contacting you at home or at work via telephone. Tell them you will only be contacted by e mail or USPS
Short, but to the point

Here ya go:
http://www.debtconsolidationcare.com/letters/sample9.html
Hope this helps,
Ang

HArris, I pm'd it to you. Let me know if you need anything else, or if you need hlp with it.

I see everyone focusing on the internet loans, that's great. Wonderful advice. I'm going to jump in here now and address the store fronts, as they were not touched on very much. Harris/guest/whatever your name is :lol: Could you please tell me what store fronts you are dealing with??? I can probably give you some insight.

Cannr - they are on the first page, Cash Express and CashLand.

Okay, roxy. Damn. Push me down. LOL! :lol: I guess I got too involved in reading all about the internets. LOL! Okay. I'll go read it again (and maybe open my eyeballs this time!). Sorry! :wink:

No problem, Ionly know becuase I researched Cashland because I have never heard of it in this state.

Lord. I can look out the window and wave to Cash Land. LOL!

I got nothin when I look outside my window..Just fence.

roxy, we'll get you out of the country. Come and play with me. We can go to CashLand together!

I would much rather go to Candy Land. :lol:

Lets just head to the bar... :D

Sorry I didnt get on here yesterday had too many errands to run. My friend is going through the same payday loan nightmare and she called the stores that she had the loans with to make arrangements, but they told her that they dont make arrangements and some kind of criminal action will be taken if she doesnt pay right now. I thought the storefronts worked with you?

harris, is your friend in the same state as you are? Kentucky? Let me post Kentucky state law again for you to see. I can tell you right now, you nor your friend are going to jail. They can say "legal action" all they want. Here's the worst case scenario. And, this is worst case, because it's not happened to me or anyone I know in Kentucky. First of all, criminal prosecution is PROHIBITED. So don't let them scare you. Second, they will want ALL their money at one time. Of course they do. They get bonus checks monthly/quarterly. They want every dollar they can get and also they want every single person they can get to come in and re-write. More commission. This is why they argue with you regarding making payments. Okay. I've called several store fronts in Kentucky. And I told you I can wave at Cash Land everyday on my way to work. The different stores handle it different ways. I have spoken to the manager at some and a friend of mine has spoken to the manager a others. So, they can either tell you to pif and re-write, which is what they prefer so they can get their commission (you don't want to do this). They can tell you that you have another 30 days to pif. They can tell you that you can make payments every week/two weeks/whatever. Here's what they CAN do to you (and it is not going to jail). They can either work with you in regards to you going in and making payments towards the check. Or they can turn you over to collections, which in turn, you get to make payments. Or they can turn it over to an attorney, which in turn, you can make payments. So, in all honestly, whatever they decide to do, you can make payments. So it's really, really a waste of their time and money. I'm being honest here. You don't have to be afraid of them. Worst case? They drag you to "mediation". You sit there with them and another person and, guess what, you make payment arrangements. I mean, honestly, that's about it. I personally asked one of the store front managers what kind of "legal action" they can take. When they use the word "legal action", it means basically they might (and I say MIGHT) turn it over for collections. That's their "legal action." Believe me, if you keep insisting that you can not pif and need to make pmts, they might finally break down and say okay. If not, they'll send it to a third party collector. Make payments. Whatever floats their boat. They can not criminally prosecute you. They can not get you for a "bad check". Please trust me on this one. They just want you to pif so they get their bonus money for the month. And also to get you to rewrite again and forever be caught in this endless horrible cycle. Please believe me. No one is going to "come after you". You can not be charged with a "bad check". Criminal action is prohibited. Whatever route they decide to take regarding your outstanding checks, the end result is that they're going to get payments. So, it's up to them if they want to be idiots about it. I'm posting the law for you to see. Just to make you feel better.

You will find the Payday loan laws for Kentucky here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

i was reading some other postings and I have a question. With the storefronts they are due this Friday, OCtober 5, which is my pay day. My question is can I still close my bank account out tomorrow with the store loans coming due on Friday because if I dont then the other internet loans will go through as soon as my check deposits. I have already contacted the bank and told them I will be closing out the account tomorrow and I have contacted payroll and told them that I am closing my bank account and requested a paper check for this week.

Hi Guest...I am reading your post but trying to understand what your question is :? ? Are you asking if you can still close your account out tomorrow (monday) even though you have storefronts due on Friday??

yes if I dont I will have the other pdls coming out as well

ok..if you close the account and nothing will go through, you should contact the storefronts to make payment arrangements asap.

Defintely contact the store fronts. Since they mostly work within the law...once you default they should be able to make payments arrangements with you...and usually the interest and fees will stop then allowing you to pay on the principle.

HArris, when you do contact the storefronts, try to deal only with a store manager or district manager in person.

thanks for being so helpful to me, I dont know what I would do without your direction. So far I have made a mess of my financial situation so it is obvious I need guidance.

You are most welcome! I hope at all works out for you...please check back and let us know how its going. Everyone here is fantastic!

HArris we all have made some variation of a mess with our finances. I have received so much help here that I am happy to give some in return. Also, did you get the pm I sent you?

If our "guest" is still Harris (and I'm assuming it is?), you can close your account if you're in Kentucky. This is if "guest" is still Harris and you are in Kentucky. If the storefront gets a check returned NSF or closed account, you need to contact them (or they will contact you) and tell them "oops, sorry" and make payment arrangements with them. Criminal action is prohibited in Kentucky. They can't get you for a "bad check". But you do need to pay them. But if they do get a check back due to a closed account, they will either call you or send you a letter. Just contact them (the manager) and set up payments. And only say what you can actaully afford to pay. Don't promise what you can't keep. Once payments are set up, stick to them. If you have any questions, please post. Or if I've gotten confused (since I'm a few days behind here!), just straighten me out! :wink:

Sorry I havent been on in awhile, have been working alot. Yes Cannr I was the guest. I forgot to sign in. I have contacted the storefronts, but Cash Express refused to take payment arrangements saying that they do not allow payment arrangements anymore. I have no way to pay them in full and that is what they are requesting. I have written letters to each ipdl revoking wage assignments, but I dont know what to do about Cash Express, any suggestions?

HArris. Welcome back. I was wondering what happened to you. Cannr should be along to help you with Cash Express. Did they tell you what their procedure was if you can not pay?

Cash Express is a member of the CFSA. Go in person, talk to the manager, and print out this link. Because they are members of the CFSA they are REQUIRED to allow you to enter into an extended repayment plan. If they still say no, file a complaint with the CFSA. They could lose their membership.

harris, were you able to click on goudah's link? This is awesome! If they are indeed a member and you take this to them, they will know you're not "stupid". Apparently you can pay in 4 pmts and the fees will stop. Awesome!

goudah, how can you check to see what storefronts are a member of this????

Yes Cannr I clicked on Goudah's link and that is really good to know! I just hope they dont try to say that because I didnt ask for that arrangement on the day before the due date that it doesnt apply. They seem to be really hard to deal with stating that they had a meeting last week with Corporate and that they will no longer take payment arrangements due to "customer abuse" of this practice.

Cannr - If you go to their website there is a members list . . . I also have the list posted in this thread:

http://www.debtconsolidationcare.com/paydayloan/members-licensed.html

harris - give it a shot. So it won't be the day before the due date. It certainly wouldn't hurt to give it a try anyway. Especially if they said they "don't take payments anymore" and they are a member of this!

goudah - thank you! I printed everything out. If only I had this list some time ago....... It's wonderful. Thank you. I know a few people that this will help! :D

Cannr - Will it help the person we were discussing yesterday? I noticed three of hers were on there. Advance America, Check nGo and Check Into Cash?

I was going to pm you! They are on there! Yes! She can go in to the stores. Print all this out like I did. Give it to her. Also, print out the list of names of members so they can't "jack her around". It shows their name right on there. She needs to get her butt there the day BEFORE the due date. She can pay in 4 pmts. She will be thrilled! Now, hopefully they won't give her a hard way to go. But I'm thinking if she has these papers in her hand and requests this payment plan, they should abide by it.

Cannr - this is so awsome..I am trying to get ahold of her... The only one that was not on there was the local one. Maybe they will work with her anyway.