Payday Loans
Date: Mon, 02/25/2008 - 09:06
JD Marketing 300 been paying them 90 every two weeks. ameriloan I am down to 190 with them and going to pay them 85.00 in another week.
Apple Fast Cash 30.00 every week, Payday One 500.00 due on March 6th and Think Cash which I pay 96.00 every two weeks.
I cannot continue to keep this up I need help getting out of this cycle.
I live in Ohio and from what I have been reading there are no extensions but JD Marketing, Ameriloan and Fast Cash all extend and pay down. Please any and all information will be very helpful.
Hi there and welcome to the forum. You've posted this is the wro
Hi there and welcome to the forum. You've posted this is the wrong forum, hopefuly a Mod will move this to the Payday loan section so you can get more help. Meanwhile I am going to post the Ohio Payday loan laws for you. We will need more info. What you originally borrowed, and how much you have actually paid back to each.
Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website
Licensee Database
Complaint Instructions
Complaint Form Link
Online Resources:
Consumer Complaint Contacts (Non-Depository Institutions)
Brochure: "Payday Loans"
[quote]Think Cash which I pay 96.00 every two weeks.[/quote]
[quote]Think Cash which I pay 96.00 every two weeks.[/quote]
fyi, this is probably an installment loan.....
Nice job with the laws shazzers....
Loan amounts
Thank you for responding.
ameriloan 250.00 I have paid 630.00 so far
J.D. Marketing 300.00 I have paid 540.00
Apple Fast Cash 250.00 and I have paid 337.70
Payday One 500.00 and I have to pay it March 6th 575.00 so I wil have to borrow and then renew it again.
Installment loan not sure what the differences are I thought it was same type of place since I found it on line and my credit is not that great. So there is nothing that I can do about Think Cash if not they seem to be the most reasonable an I could just get everything else consolidated it would be great.
Think Cash is backed by a bank where PDL's are "secured" by your
Think Cash is backed by a bank where PDL's are "secured" by your pay day. In other words, Think Cash will not fall under the pay day laws of your state and they can take legal action to collect.
Thank you for explaining that to me. This site really seem to b
Thank you for explaining that to me. This site really seem to be very helpful. Think Cash can you consolidate them with the others with a debt company?
You can certainly ask the consolidation company, but be sure and
You can certainly ask the consolidation company, but be sure and point out it is an installment loan, not a PDL.
But I am seeing that you have overpaid all of these PDL's...what
But I am seeing that you have overpaid all of these PDL's...what did you want to consolidate?
Thank you for your help I have the number for Town and Country a
Thank you for your help I have the number for Town and Country and wil give them a call today. I was interested in trying to do this myself instead of having to spend more money for someone else to do it but at least if I can consolidate it will mean less stress and hopefully get back on track with my finicial situation. I will never use a PDL place again it has cost me so much money and so much stress.
As Volley pointed out, you have overpaid on these loans. What do
As Volley pointed out, you have overpaid on these loans. What do you want to consolidate? You dont owe anything.
Well I guess I am still learning and need to read more about the
Well I guess I am still learning and need to read more about the laws Ohio but that is what I thought so I just need to contact them and provide the correct document. I have seen different letters on the site regarding stopping them from debiting my account. I really do not want to close my bank account out but if I have to then I will.