I need to consolidate my payday Loans Please Help
Date: Tue, 02/19/2008 - 07:07
Rapid Cash $200.00 I have paid $89
UpFrontMoney $200 I have paid $89.99
NLS Cash Adv $200 I have paid $122
US Fast Cash $300 I have paid $180
US Financial $300 I have paid $180
Speedy Financial $400 I have paid $240
One Click Cash $300 I have paid $180
Impact Cashe $250 I have paid $150
Please if anyone has any information on how to consolidate these loans let me know. I do not know how much longer I can pay this and pay my rent and have money for food and to get to work.
b, There are a couple of options for consolidation however, you
b, There are a couple of options for consolidation however, you are in aposition to take care of these yourself. We can help you with this if you choolse. For consolidtaion, the most common are Town and Country and Langhorn. You can search the top right corner of the page for more information on them. If you would like us to help you take care of them yourself, here is a little information: Most of these look like internet, are any storefront. Storefronts are dealt with differently than internet. I can tell you that (Kash correct me if I am wrong) internet PDL are prohibited in your state which is good for you. Essentially the lenders should not have lent to you. You still owe on all of them and we always advocate paying back what you borrowed. Feel free to post any questions you may have. We will help you with whatever you decide.
How can I take care of this myself? I would be interested in th
How can I take care of this myself? I would be interested in the steps I could take so I can stop this nightmare.
Hello bwhitfield70, would you post which of these are Internet,
Hello bwhitfield70, would you post which of these are Internet, and which are Store front loans? That information is important in determining whether or not you are eligable to evoke the EPP (Extended Payment Plan), however, there are some stipulations on that. The store front (pdl company) has to be a member of CFSA and you can not have defaulted on it, also you have to go there BEFORE the due date of your loan (at least one full day prior), and ask them to evoke the EPP, which will be divided into 4 payments, usually falling on your payday.
b, to begin with, most of thepdl's you mentioned looked like the
b, to begin with, most of thepdl's you mentioned looked like they are internet. We need to know if they are internet or storefront beucase you will take different measures for each. Here is the law for NY
[/quote]Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law ???? 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law ???? 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code ???? 190.40.
Small Loan Rate Cap
25% per year
Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy Superintendent
