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How do I get these payday loans paid off?

Date: Mon, 03/03/2008 - 21:02

Submitted by anonymous
on Mon, 03/03/2008 - 21:02

Posts: 202330 Credits: [Donate]

Total Replies: 10


I have 4 payday loans and only one of them I am able to set up additional principle payments to get it paid off which is cashnet500 but the 2nd loan with them is payday loan.com and I cannot pull this loan up nor set up with them to have additional principle payments taken off/ I can't seem to get in contact with World Wide Cash who has taken $89 every two weeks for 6 month now. I only borrowed $200. Then there is NLS Cash Advance who is taken $83.50 and on my bank statements it shows 12 debits ....


Virginia

World Wide Cash $289 NLS Cash Advance $300
Pay Day Loan Yes $350 National Payday PFEESLS $300


lrhall41

Submitted by on Tue, 03/04/2008 - 17:53

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Here are the laws for VA....The internet pdl must be licensed in VA to lend in VA.

Virginia State Information

Legal Status: Legal

Citation:
Va. Code Ann. ???? 6.1-444 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
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: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance


lrhall41

Submitted by RoxyNY on Tue, 03/04/2008 - 18:18

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Rita, is that the what you borrowed or the total of what you have paid back to each company? Also the companies will not stop debiting your account...you will need to close it. Here is a thread about closing your account. It has really good information for you before you contact your bank. DO not tell the pdls what you are doing until you have taken care of your account.

http://www.debtconsolidationcare.com/paydayloan/close-account.html


lrhall41

Submitted by RoxyNY on Tue, 03/04/2008 - 18:24

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How can I find these people? There has to be a contact point somewhere. I have a $300 but cannot locate them to payoff.


lrhall41

Submitted by on Mon, 02/16/2009 - 06:01

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Thought I would list mine here as well to see if anyone has a sticky or something about my state and / or lenders.

Magnum_Z = Borrowed $250 = Paid over $2400 INCLUDING overdraft caused by them (can those be refunded?)

One Click Cash = Borrowed $200 Paid $120 (newer loan)

United Cash Loans = Borrowed $200 Paid $120 (newer loan)

CashNetUsa = Borrowed $750 Paid $125?? (newer loan and they keep trying to take the whole $850 back, (100 charge and 750 loaned)

Edit: I live in Wisconsin


lrhall41

Submitted by fixenuup on Mon, 02/16/2009 - 08:39

( Posts: 4 | Credits: )


Their number is 1-866-369-9025 or [email]support@e-payday-loan.com[/email]


lrhall41

Submitted by on Tue, 02/24/2009 - 15:44

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If one Click cash and Magnum(magnum cash advance) APR is 634.66% interest i did not realize this and that seems insane.... are illegal what can we do about it if we have a loan through them they just keep debiting to there hearts contect it seems.
Please Advise
Melissa Watson
Oregon


lrhall41

Submitted by on Fri, 04/30/2010 - 11:36

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