URGENT: I Need Advice...soon.

egypt, I am sorry this is going on. I do not know anything about storefronts...but please hang in there. I will see if I can get someone to come and answer your questions...

OMG,i am sorry this happened.i suggest you pm cannr or roxy,i think they were helping you and should help here.i thought this was faster than me sending you a pm.you would see this faster.oops edit.isee roxy responded.perhaps cannr can help?

Gosh...what a mess...thanks Roxy. I am not really certain anyone can advise me. I had a few due today and some on Tues, but it won't matter. I had a scheduled payment of $115 with one of those who agreed early on to a paydown.
I talked to one gal yesterday who is with CFSA and she said that she *can hold my check until Fri., then she *has tosend it through*

Oh Egypt...I was trying to get Cannr for you becuase she is waaaayyyy more familiar with the storefronts than I am. Hang in there. She is usually on in the afternoons.

Thanks Roxy....I meant from the earlier post that the one gal is with a company that is with CFSA...imagine my surprise when she said it was company policy to send these through?

I am going to have to go pick up my daughter at College and will be gone a couple of hours. I am not going to contact these places until I hear from Cannr, then. I mean, I hardly see at this point that I have any recourse?
BUT you guys will be proud. I first thought to *borrow* money just one last time...but that is why I am in this mess.
(One highlight of my life...my daughter got a full scholarship at a very good college...She wants to be an intellectual property attorney...she got a 4.0 average her first semester...yaaaaa!)

How Awsome!!! A full scholarship and a 4.0. That is wonderful. And...I am proud of you for not borrowing. :D That is awsome too! I know it is difficult not to fall inot old habits.

Yeah...I am trying hard not to break my arm patting myself on the back...arghhh. I mean about not borrowing.
My daughter is a real go getter and I am very proud of her. I know she will not allow life to bulldozer her like it has me.
But you know, even in the worst of this I am beginning to feel some hope that there is light at the end of the tunnel.
Do the math...before the interenets, I was paying out 1200 in fees every month...I can pay that for three month's toward principles and be out of debt...on PDL's any way. then I will tackle the internets...so maybe in five month's instead of YEARS?
think so?

congrats egypt! I know the stress that comes with having kids in college. I was very fortunate as well. They were A students and got much of what they went for paid in full. That's a great feeling. They are now a psychologist and a biotechnologist. Keep up the mind set as far as the PDLer's go!

Thanks for the encouragement llw...I am soaking it up like a sponge. I actually think that me, who is never ill and exposed to all sorts of *bugs* as a nurse, have developed an ulcer over this mess. I know my stomach has hurt very badly over the last few weeks during this *severance* and anxiety that has gone with it. I am a classic worrier as it is...I follow what Erma Bombeck used to say about worry "Why should I give up something I am so good at." But it has gotten me no where? This site has illuminated things that I have not seen on my own?
I know you ae so proud of your children. I have an older son who works for Mercedes too and they are both responsible, STRONG, kids. Hopefully they have learned from rather than suffered from my poor financial judgement...although my daughter is still expecting someone to come break my legs or sever my fingers?

egypt. . try not to let them get to you. It would appear that there are more and more people on here complaining that these guys are coming after "old" loans. Makes me wonder what condition the PDLer's are REALLY in. One can only hope that they are feeling the heat.

I have logged in twice, so I am not sure if this will say it is me or not...but anyone seen/heard from Cannr yet? I am about ready to go off to work and will try to check on the Forum tonight before I respond to those fronts, I guess tomorrow?
Cannr, is it not nice to feel needed?

Gosh, my last post not only did not have my name it did not show up?
Has anyone seen or heard from Cannr yet? I am about to go to work so I will have to catch the fronts tomorrow.

Sorry guys, I guess I did not give it time...

I am SO sorry! I just saw this. I actually had to WORK while at work today. Crap! egypt, you can remain calm regarding the storefronts. It's okay. First, let me just comment on the wicked witch at the storefront that is a member of the CFSA. She is WRONG. They do NOT have to send them through the bank in order to arrange payments. Bull$hit. Being a member of the CFSA means they have to offer you the EPP. Period. No sending it through the bank first. However, off that note (because it pisses me off), do not worry about defaulting on the storefronts. I checked your state law again just to be on the positive side. Criminal action is prohibited in your state regarding pdls. So, basically here's what can/might happen - They turn the checks in to the bank, they come back NSF or CLOSED ACCOUNT. Tough cookies for them. The storefronts contact you regarding the checks being returned. Lie. Tell them your bank account is closed. Whatever. Deny having another bank account. Deny having a bank account period. The reason for this is because they will try to force you to come in and rewrite. No. You don't have a bank account. No checks to write. So.... you will have to make payments. Hang on. I'll tell you the next steps regarding that part.

The storefronts have choices in deciding what to do regarding defaulted loans. They can do a number of things. Here they are - They can turn you over to corporate office for collections (you can then set up payment arrangements). They can turn you over to a collection agency (you can then set up payment arrangements). They can turn you over to an attorney for collections (you can then make payment arrangements; however, the attorney will tack on a fee for his services). See where this is all going? Whichever they decide to do, you will end up making payment arrangements. Now some storefronts will actually hold the checks themselves and you can go in and make payments to them. Some will just turn it over to corporate. They will contact you and you can set up payments. If worse comes to absolute worse, they can take you to CIVIL court, not criminal court. In that case, go. What will happen? You will make payment arrangements. This is why I get so ticked off at these pdls when they refuse to take payments. No matter what avenue they pursue, you're going to be able to make payments anyway! So, what the hell?

Now, here's the trick. When the storefronts call you, ANSWER THEIR CALLS. Do not hide from them. If they can not reach you, honey, they will call every reference you put down and call your job. If they are able to speak to you, they will not call everyone in town looking for you. So, answer their calls. However, just be firm. Apologize for what has happened, tell them you do not have a bank account (can't rewrite), hell tell them you lost your job so you can't pay them in full. Tell them whatever it takes. Tell them you have every intention of paying the loan in full; however, you are not in the position to pay in full. No way, no how. Sorry. They're either going to work with you or send you off to collections. Whatever floats their boat. I have found that working with the corporate office is MUCH more pleasant than working with the storefront managers. Much, much more pleasant. If a collection agency gets it, you can make payments to them. Just whatever you do, do not dodge the storefronts when they call you. It's kind of embarrassing when they start calling your references. Do not lose sleep over this, egypt. Really. I swear to you, I was scared to death to default on mine, but it went a hell of a lot better than what I thought. I made payment arrangements, I made my payments, I got them paid, they are done. It actually took a lot of stress off of me since I didn't have to sweat and bleed to run around town paying storefronts and rewriting every two weeks. I just made my payments, the balance went down, it finally got to zero, and I was done. I know I wrote a lot, so if you have any questions, just post. And, again, I'm soooo sorry I got to this so late!

beware! beware! of the wicked witch that cannr has told you about....

cannr please don't be sorry! everyone has other life's outside of this site!!!!!!!!
you always are here for everyone....we all know this!!!!don't apologize for doing the right thing girl!

Thanks Cannr...I do not have time to log in people....off to work...hi ho, hi ho...I owe I owe!
Seems fitting with the pictures of the Witch above huh?
Cannr, you reaffirmed what I thought might happen. thanks so much, and another day answering really did not make that big of a difference....it is okay.
I, once again so appreciate how you have been there for me during this all? You are such a great group here...really.

egypt,you have came to the right place for help,,i have also defaulted my PDL,S STOREFRONT LOANS,,i come here and read the forums,it helps to ease the stress so i can sleep at night,,this is a great place to be.

I'm glad you guys found us. That's what we're here for. Even if you just want to vent or if you have questions or if you need help. We're here. I know I was glad when I came here. There were people who were in the same boat as me, had great advise, and supported me the entire way. I'm HAPPY to return the favor by helping others as much as I can. :D

Hey...it is me....and it is Easter and guess what? This has not killed me yet. I am alive, but I must admit somewhat miffed at the mortgage company and sooooosad that I lost half my pay to OD charges? But am I sad that I finally have to *eliminate* the weekly grind with the PDL's....no...still a bit uneasy about the whole thing, but I can see after the initial anxiety of telling them, I will have things in place to be better. I am literally sick that I have spent so much with these people over the years.
I am wondering as I have not called the one who wanted *just the 60$ fee every two weeks*, how she is feeling?

egypt, they will get over it. Believe me. If it helps the way you feel at all, please keep in mind that you are not the first and you will not be the last to do this. You're not the only one who has ever been in this mess. There are THOUSANDS of others. It made me feel better (in my mind) when I defaulted that I wasn't the only person in this city, state, country that had to do this. I was just "another one". Honestly, it'll be okay. I know it's killing you; however, like you said, it's Easter, you're still here, no one has killed you yet! And no one will! Everything will work out. It just sucks in the beginning. I know it does. Please keep in mind you are not the only one. Even when speaking to these people and they're "blah, blah, blah'ing" at you, just keep thinking over and over "Lord, how many other people have they said this same thing to?" I swear, there are more than you know.

Well it is Mon...I have gotten a few calls on my phone/answering machine about when will I be in? Now I have to call them back and drop the *bomb*. I worked last night and really could not sleep well this morning. But I have to do it right? I am afraid that they may ask for more in weekly payments than I can afford? What then? Court, or me just paying them down.
I came here for courage before I attempt this task.
Thousands...and I guess it is a small matter that one little person like me is going to default?

egypt, just bite the bullet and call them. It'll suck. My stomach was in knots! But I did what I had to do. They may work with you. They may tell you that you'll be turned over to collections. Fine. They may tell you that they have to turn it over to corporate. Fine. They may tell you they have to run it through your bank first. Fine. Whatever. Whatever they decide to do, you can make payments. I'm just hoping they don't get nasty with you (some will). If they do, stay strong. They will try whatever they can to get you to rewrite (it's bonus money in their pocket). Don't fall for it. Be firm. Deny having a bank account. You can't rewrite. Tell them you lost your job, so you can't pay in full. Whatever it takes. You can do this, egypt. It will take courage; however, like we said - you're just one person of MANY. Please keep that in mind. You are not the first to default, and you certainly will NOT be the last! Remember that. Just think of how many people they deal with regarding this. Many. It's not just you. Please, please keep me updated. If you run into problems, we may be able to help.

I am not much further along today. I called one company and she is trying to get me to *get current*, then do a paydown? She said many folk have a closed bank account with them. Go figure?

Hang in there - Really, you will feel so much better once you've defaulted.

Most storefronts scare you into renewing the loan, but the biggest secret is that once you default, the fees stop! You may be charged an NSF fee or something, but no more rollover fees! You can pay down the balance from there and actually get somewhere!

I had a lady at a storefront I had used tell me this once "We try to get people that are having problems paying to renew the loan. It's sad because we aren't allowed to tell them how much better off they'd be by letting the check bounce."

Without a sudden winfall of money, the only way out of storefronts is to default on your loan, or enter into an Extended Payment Plan. You have to make the jump, and once you do you will see the water isn't as cold as you thought it would be.

Love you too Goudah...I needed that. VBG. I am sitting here in a cold sweat.

Well said, goudah! :D

egypt, what do you mean the one lady said she is going to try to get you "current" and then do a paydown? Is she trying to get you to rewrite? Is that what you're saying?

Honestly, next week at this time you are going to be cursing yourself for not doing this sooner. We've all been there!

These places really are used to people defaulting. Think of this, they claim they must charge such high fees because why? Because they say that so many people default on their loans that they have to charge so much! So even out of their own mouth they say that many people default.

They will try to tell you that you're better off rewriting the loan and then "paying it down." They probably mean rewriting it, then next time rewriting it for $50 less, and then $50 less, and so on until the loan is paid off. But really, they are conning you into paying them the fees for another 6 months! And they know that after you've taken the loan down some that they will just convince you to re up it again!

It's no way to live. It's scary, but it must be done if you ever want freedom from these companies.

Just make sure that if your bank account is still open that the checks won't go through. Because most of these places will try to put them through.

What she is suggesting is that I rewrite on Fri...she will hold my check until then and not send it through. Then the following week she will set up a payment of $50 for four payments.... or $58...something. A paydown. I asked her what would happen if they sent it trough a closed account and *she did not know*.
I am letting the others simmr.
But I read on here someon is paying interest on these loans after they default? Can they do this if you work out a payment plan or are paying them?
Am I stupid or did I miss something? There is no way I can pay each of these if they tack on interest almost double the loan?

Here is a quote from goudah's post:



Only one of my storefronts added a NSF fee to my amount owed. And that was only $6.00! The rest of them, I just paid the amount of the check.

Is the lady that wants you to rewrite at a storefront that is a member of the CFSA? If so, that might be what she is talking about. Write a new check, then invoke the EPP and make 4 equal payments to pay it off. Is that what she was saying?

I had checks come back stamped "Account Closed". Nothing horrible happened. If criminal action is prohibited in your state (and it is), don't even think that you're going to be hauled off or anything. No one hauled me off!

Forgive me for missing that. I am operating in panic/exhaustion mode right now. So once you default they cannot charge you the 300+% that they charged you on your original check....or whatever crazy amount it is?
I have in the lst 24 hours thought about bankruptcy again, debt consolidation, selling my home paying off debt and trying to buy another home....you name it.
No one should have to live like this? The sound you hear is me hitting myself on the head AGAIN.

egypt, don't beat yourself up!! Correct, once you default on your storefronts, what you owe is what you owe for the check - maybe a NSF fee added (which won't be a whole lot). They can't charge you anything else. Get your pm, egypt. I hate to see you thinking about bankruptcy.

Thanks cannr...as you know I have read your pm's...I am getting frantic calls now and will respond today with something....the bank account is closed, we are broke, I cannot pay, whatever it takes. I really have no bargaining power at all as I can only pay what I can pay and when I can pay.
I am not good at waiting and keep wishing for a windfall that is not going to come. I want this part of my life behind me. I feel like one of those who are addicted and realize they have no more money to pay for the *drugs*...but that is probably not a good analogy as I am not addicted to getting money fast...it was just a necessity at the time.

egypt, it's not your fault! I know exactly what you're trying to say. That's the bad thing about pdls. They are too tempting, too easy, too quick. I'm not saying we are "addicted" to them; however, just the thought that you can walk into a storefront and write a check and walk out with cash to pay your bills, get gas, buy groceries, etc. is sure tempting. And they sure do make it easy. I know when I was paying mine off, I did suffer. It sucked paying and not walking out with any money. Just give them money - walk out empty handed. Didn't have any extra money for anything. Hell, I was doing good to get gas! But, I swear, I was one determined b*tch! I kept at it and now they are DONE! And now I can put gas in my car or go to Walmart and buy a few extras. I thank God that I suffered for a few months to get them paid because I can really tell a difference now. You will suffer for a bit, but then you'll see that you have money in your pocket again!

Cannr is right. It is so worth the few months of suffering to be able to say you are done with these loans!

Sigh:::::::: Yes, it has to be better. Makes me literally ill to have gone to the extreme I have and just watch half of my paycheck go out of my hands in fees every other week? They just smile and call me nice names and take my money until there is a problem, then it reverts to how I am NOT paying them their money....you know?

Oh, how well I know...............

But I'm still alive! :wink:

Yes you are and Thank God for you from the rest of us!

Thanks, egypt! I like to float around and let people know it didn't kill me like I thought it would! :lol:

I had to run to the market down the road...when I pulled out of the drive I saw the Sheriff's car pull in drive up the road and turn around...I broke out in a cold sweat figuring he must be coming after me for one debt or another. I came back home and asked my husband if the sheriff had been there and he said no.
Paranoia?

Oh, egypt! My heart is breaking! Yes, paranoia! However, I can't say a damn word. I was the MOST paranoid person on the face of the earth! I thought my butt was going to be hauled off to jail! Do not be afraid. I know, easier said than done. However, I did it, too. And it sucked! Please try to relax just a little. I totally understand, but you're going to stress yourself out!

Going to? LOL

I just got off the phone with the Lady from Cash Express and she was *&^%@#. She said she would take $100 every other week until it was paid off...that I owed her a lot of money and she would swear out a warrant against me. Then I talked to another one and she said that it is against the law to write a check on a closed account and she had to have it in two payments of $165 apeice. Or what? I told her I would try hard to get that to her, but if I could not I would call her.
So I guess I am being threatened? The CE lady told me when I asked if they were memebers of CFSA , "Yes we are guarenteed our money, but I WILL swear out a warrant." Like what is she talking about? I called the one I was worried about and got the girl I do not like I said I would call later.
I am such a wimp.
Now...what if I cannot pay $100 every two weeks to these folk. I will have a couple stringing yet..you know that I cannot make an arrangement with yet because of this.

did you give her your bank info?if not don't send anything unless it is in writing.

No...this was on my old account which is now closed that I wrote this and it is a storefront.
My bank cannot tell them when the account was closed can they? I mean they can just tell them it was a closed account.

i would talk to them asap.if what your telling me is that you wrote a check on a closed acct right?

Paul...you have me a bit confused. I did talk to them and told them the account had been closed? Yes the check was on a closed acccount, but it has recently been closed.

ok, i was confused.i thought you gave them the check without telling them.still get your payment plan in writing.