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I need help

Date: Tue, 10/16/2007 - 12:33

Submitted by deeann.student
on Tue, 10/16/2007 - 12:33

Posts: 212 Credits: [Donate]

Total Replies: 120


Hello, this is my first entry into this forum site, I currently have 6 internet payday loans and 1 store front payday loan in the state of Missouri, they are as follows :

payday ok : 500.00 Hve 340.00 remain
Upfront : 400.00 fees : 120.00
tremont financial : 250.00 hve 175.00 remain
Cashtoday4u : 225.00 paid 350.00 fees so far
Check city : 400.00 remain from 500.00
Missouri title loans : 850.00 paying 200.00 mnthly with no downsizing of balance
national cash : 250.00 fees : 76.00

I have opened up a new checking account w/ another bank completely, I need to know how to inform these companies that I need to set up something with them. I have so learned my lesson and hope that this will never happen again, I am scared that my husband will find out and need to do something asap..Thanks


Actually, there are a few states that allow a number of rollovers. Check them out. I'm amazed sometimes. I think one state (can't remember) said "no limit" or something along those lines. Hello! :shock: And I do believe that title loans are not considered the same as pay day loans. A title loan, they are holding the title to something of yours. That's collateral for them. A pay day loan is just that. No collateral. So, I don't think pdl laws apply to a title loan. However, one would think that there would be a limit as to how much could be charged. This title loan has been carried over since 2006. That's an awfully long time to pay every month and still owe the same amount of money as you did on day one.


lrhall41

Submitted by cannr on Fri, 10/19/2007 - 17:06

( Posts: 9317 | Credits: )


volley, dee is in Missouri. Yes, it is long! :lol:


lrhall41

Submitted by cannr on Fri, 10/19/2007 - 17:45

( Posts: 9317 | Credits: )


Thanks, volley. I know when they were legal in my state, they were for 30 days - period. Now they just totally did away with them.


lrhall41

Submitted by cannr on Fri, 10/19/2007 - 18:22

( Posts: 9317 | Credits: )


No, it's really sad. A lot of people do the title loans because they feel there are no other options to get the money they need. Then they get sucked in and pay soooo much money back. And so many people are in a pdl mess because of a gambling addiction. I swear, all this stuff just goes in a full circle. And it's a never ending circle. It's some sad stuff.


lrhall41

Submitted by cannr on Fri, 10/19/2007 - 19:46

( Posts: 9317 | Credits: )


I think I just found my out for the cash2day4u loan, I went into the state of nevada finance division website and they are not licensed even in NV, they were also sued/fined $50k in april 07 due to this, they failed to appear at the hearing. I just faxed over a complaint to this division and am waiting to hear back from them, I did let them know that I was aware (now) that this company is not licensed in my state or any other state, and that they were notified to no longer do business as a payday loan co


lrhall41

Submitted by deeann.student on Tue, 10/23/2007 - 08:51

( Posts: 212 | Credits: )


It's okay, dee. If anyone does a search for Cash2Day, this thread will come up. There are actually many posts/threads regarding Cash2Day. That's what's good about the "search box". It'll bring them all up. And that's also why it's good to post such things as you find them out. Others will see it and read it and learn from it. Thanks for posting that! :D


lrhall41

Submitted by cannr on Tue, 10/23/2007 - 19:14

( Posts: 9317 | Credits: )