Kansas Payday loan help...Please

Oh my good gosh :shock: according to your post, you have sooooooooo over paid your loans. I am in shock at the money you have paid these companies. Please PLEASE get your bank account closed pronto, so they can not take any more of your money! And do NOT tell them you are going to close it, or they will suck you dry! First things first, get that account closed, reopen another one at a different bank, then you can start working on obtaining the information needed and start working on getting rid of these vultures! I am not familiar with the Kansas pdl laws, or the companies you have loans with, but I am sure someone will be along to help you shortly. And yes, you have definitely come to the right place for good advice on how to handle this situation. Hang in there, someone WILL help you!

I see that these are all store front loans, correct?

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

Oh and, please read the link below before closing your account.
http://www.debtconsolidationcare.com/paydayloan/close-account.html

You will probably need to put a stop payment on those checks too. Hopefully, someone with more knowledge will be around to help you soon, just hang in there!

Thank you for your responses. Yes, I'm ashamed at just how much money I have given these people over the last year. Yes, they are all storefront loans. I didn't even realize that online loans were available until I found this forum and that's probably a good thing. I guess it just took me a while to realize that there might be another option besides paying and re-writing every 2 weeks, hoping to have a little money to pay one down. But, it never worked out that way. That was another question I had, was whether or not I would need to put a stop payment on the checks with my bank. That will cost me 30.00 a piece and I'm not looking forward to that. I suppose it's a small price to pay for not having to pay thousands more on loans. I think before I can close the account though, I will need to open another one and have hubby's direct deposit moved to that one as well as the pre-authorized debits we have each month, right? I definitely don't want to get myself into any more trouble.
I looked at the laws you posted Shazzers, but I'm not sure what to make of them. How can they help me?
Thank you for the warm welcome! I am starting to feel a little optimism regarding this situation. I think this board is going to be a true blessing for me =D

I know those laws are very hard to interpret, and I am definitely not the one to try and do that for you as I wouldn't want to give you the wrong info. But there will be someone along who can. And don't be ashamed, we have all been there, we understand the vicious circle of payday loans. Just make sure you read the sticky (the link I posted) at the top of this forum BEFORE you close your account. You want to make sure you do everything within the law.

Thank you. I have read all of the information you suggested. I indeed want to be EXTREMELY careful if I close my account. I am terrified of talking to my bank though. I'm still not sure if I should talk to my bank about my situation or just call and place stop payments on all of those checks. Can't some pdl's request payment by a different method when a paper check is returned?

One thing to be cautious of is recommending someone close thier account until we know the laws, especially with storefronts and a title loan on this list. All of these loans listed above can take legal action.



missycalrissian-Reading your post, so I understand, do you go in and "re-loan" every 2 weeks? Just want to get a handle on how the finance charges are being paid bi-weekly. Is your title loan on any type of ACH agreement linked to your checking account?

The laws for title loans are loose and do not follow these PDl laws.

From what I can tell, if you are reloaning, they (unfortunately) are charging fees allowed by the PDL law...basically $15.00 per $100.


Are these loans in default, because if not, you can see if these PDLs are members of the CFSA and can offer you an EPP, which would allow you to pay off the principal of the loan in 4 installments.

Edit: I just re-read your post and it said you re-write every 2 weeks,

This is a tough one, if you stop payment on them I have no doubt they are going to call your husbands job. The positive things it is not criminal and only one NSF fee.

You have no reason to be ashamed as I'm sure you've noticed many people have fallen into the same trap.

Hopefully someone with more knowledge will post.

This is a tough one, if you stop payment on them I have no doubt they are going to call your husbands job. The positive things it is not criminal and only one NSF fee.

You have no reason to be ashamed as I'm sure you've noticed many people have fallen into the same trap.

Hopefully someone with more knowledge will post.

I wasn't logged in when I posted and I also started posting (then got side tracked) before volleyballmom posted.

Missycal, have you tried to ask the storefronts for the payment plan> it sounds like you have not defaulted yet and they can break the payments down to 4 payments. It will be tight for a while but at least you will be done with them. If they are storefronts chances are they are legal and you do have to pay the entire amounts. vollyballmom is right, you want to be very careful about closing your account. We usually recommend that if people are dealing with illegal payday internet lenders that refuse to stop debting an individuals account. In your case you have written actual checks to the storefronts. Please go in and talk to these places and see what can be worked out. SOme people here invoke the payment plan on a few at a time while they continue to reloan on some, whatever works to keep a roof over your head. Try to take a deep breath, talk to these storefronts and hopefully they will work with you. THere is a light at the end of the tunnel and we will be here for you all the way.

Quick question - if state law says maximum two loans - how is it that there are so many storefront loans out?

I know in my state of Florida - they have a central state database they have to log you in as having a loan and having paid your loan to keep you from getting more than one (my state's limitation).

I don't know if there is any legal loophole there.

Good luck with your quest to pay off your loans. We are all here to support you. Do not feel bad - many have been there and you have found the right place for help with this.

Hi all...Thank you so much for your responses and support. Sorry for the delay in response. I was hoping for an easy out on this since I have paid so much out on these loans. We have tried making arrangements, some will and others won't (making it extremely hard). Since every bit of money we have goes toward paying the dues every 2 weeks, it's almost impossible to "pay them down". We try, and something always happens. I read somewhere that if I were in default of these loans (no, I have not defaulted yet) that they can't require me to pay any more than 3 % of the loan amount each month. I'm not sure if this is true or not. I am interested in the answer to jaglady17's question..."Quick question - if state law says maximum two loans - how is it that there are so many storefront loans out?"
Does anyone know anything about that? We continually re-arrange our finances each month to accomodate these ridiculous loans and it's really wearing on me. I am at a point where I am ready to take drastic measures to get out of this (too bad I don't know what they are yet, lol). If anyone has any ideas, please let me know. I have been researching laws, but haven't found any loop holes or agencies to help.
Thank you everyone, so much!!

The last post by guest was from me. Seems i forgot to log in. Here is is again...

Hi all...Thank you so much for your responses and support. Sorry for the delay in response. I was hoping for an easy out on this since I have paid so much out on these loans. We have tried making arrangements, some will and others won't (making it extremely hard). Since every bit of money we have goes toward paying the dues every 2 weeks, it's almost impossible to "pay them down". We try, and something always happens. I read somewhere that if I were in default of these loans (no, I have not defaulted yet) that they can't require me to pay any more than 3 % of the loan amount each month. I'm not sure if this is true or not. I am interested in the answer to jaglady17's question..."Quick question - if state law says maximum two loans - how is it that there are so many storefront loans out?"
Does anyone know anything about that? We continually re-arrange our finances each month to accomodate these ridiculous loans and it's really wearing on me. I am at a point where I am ready to take drastic measures to get out of this (too bad I don't know what they are yet, lol). If anyone has any ideas, please let me know. I have been researching laws, but haven't found any loop holes or agencies to help.
Thank you everyone, so much!!

Missy, why dont you call the Kansas dept of corporations or whatever the state office is in Kansas that oversees payday loans. They can explain to you about the 2 loan rule and maybe even give you some advice about getting out from under these. I know it is really tough but I think if you try to make payment arrangements, stick to it and pay them off one at a time you will feel so much better as each one goes away. Please just call the state agency and see if they can help you. Most are consumer friendly and want to help the people in their state. I hope the best for you and your family