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Debtconsolidationcare.com - the USA consumer forum

Payday Loans

Date: Sat, 11/10/2007 - 12:46

Submitted by beccapar01
on Sat, 11/10/2007 - 12:46

Posts: 8 Credits: [Donate]

Total Replies: 2


I have fallen into the payday loan trap,and now my bank account is in the red how do I get out of this mess. I have one storefront loan (cashland) and two internet loans (paydayok, and payday 1)
I live in ohio and am not sure what to do but I know I need help asap, because of these loans now all of my other bills are falling behind. Thanks for any advice.


Here is your payday loan laws

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



One thing I would do first is contact your storefront and tell them your situation (tell them that you can no longer pay the fees) But according to your laws they are not supposed to roll over the loan. And ask them if you can set up a payment plan with them. Tell them how much you know you will be able to afford each month and see what happens then. Because the storefront is licensed in your state and they can go after you in court for this. I am not sure about the others but if you do a search on this site by typing in their name you will bring up different posts about them. I know some members here have dealt with them. So keep an eye out and they will be along and give you the info to help you.

But one thing you could do to help them help you is list what your have borrowed from the internet lenders and how much you have paid back.


lrhall41

Submitted by puddlejmpr on Sat, 11/10/2007 - 13:38

( Posts: 1634 | Credits: )