pd loans

Try getting any kind of loan from your bank- it won't happen :P I have perfect credit and my own bank of 10 years won't help me out when I really need help because I'm 'worthless' to them- I don't own a home and I don't have any assets or property.

I really don't want to waste my time going into a tirade about how people end up in these PDL situations.

And the only people ripping people off are these payday lenders, charging outrageous interest rates out of pure greed.

then why do it to the little guy trying to make a living by lending funds to people in 24 hours.

The little guy? You have a lot to learn about the back-office dealings of the PDL industry. Perhaps the "little guy" should learn how to loan money that follows the laws of each state.

Nobody here sits up at night trying to figure out how to "rip people off" and get over on people.

i for one nick don't appreciate your posts.you were on a couple others as well.most of the time i try to see multiple sides of an issue,but you are a TROLL pure and simple.

why do people take more then they need at that time? when someone knows they can't afford to pay it back. that just shows they wanted to rip them off.

see even the one persons bank wouldn't help them. but the pd loan company sure did.

why do people take more then they need at that time? when someone knows they can't afford to pay it back. that just shows they wanted to rip them off.


Yea..thats exactly what that shows. :roll: :lol:

Some people don't have the foresight to take only what they need, and sometimes that helps them get into this mess all the quicker. Most people don't want to turn to PDLs, but they end up having no where else to turn. They are already in a bad situation, so predatory payday lenders are only exacberating the problem by charging outrageous interest rates. What, 30-40 % isn't enough to make a profit? They have to charge 400% or more? It's ludicrous!

As for saying these people are taking out PDLs they can barely afford so they can purposely rip off these companies, that's like saying these companies are purposely charging outrageous, unpayable interest rates so that borrowers will purposely default and not be able to pay them back.

You need to stop painting strokes with such a broad brush- not everyone's situations here are the same. Not everyone defaults on their payday loans.

As for my own bank not giving me a loan- like I said, the world isn't that easy. If we could, I think we would all like to have 0 debt and not have to worry about bills. Mine is just an example of how PDLs were the only option at one point. I have a perfect credit history. But just because I have perfect cerdit history doesn't mean I am necessarily going to get my way when it comes to financial help. I don't own a house so no reputable institution is going to give me a loan, despite my perfect payment history and the fact that I have the highest level of customer account at my bank.

Everyone's stories here are different. You shouldn't come here with the attitude that everyone with a little financial trouble are thieves shirking their responsibilities.

how about this my first loan was for 200.00 i ever took i paid right right off 260.00 my next pay date. as of now i pay 15.00 per hundred. i just borrowed 300.00 last month and i am going to be paying it off at 345.00 this friday. how bad is that?

Nick, I guess you're right and we're all wrong. :cry:

think of it volly.. do you see people going after amex, visa, or MC some do but look whats going on here.. if people just paid the loan right off like i do when there needed you won't be getting these calls.. don't borrow 400.00 from 10 lenders.. if you don't make 4k a month what makes you think you can afford 4k in loans. its really just common sence

I hear what you're saying Nick....

Its easier said than done...everyone makes decisions in the heat of the moment that maybe they wished they hadnt and it happens in MANY situations, not just with PDL's.

What our members dont need here is a lecture....please give it rest.

well why not have an area that helps them. instead of going right to the ag, bbb or other places to get them introuble. i have not yet defaulted because i don't want to. but i'm sure if you where a good customer they would work with you.

This is an area to help....99% of these PDL's are operating illegally and many are not located here in the US and are charging fees not allowed by law.
Whats your take on that?

Additionally, if you read many of the posts, we do encourage our members to work out a plan with PDL's that ARE operating legally and are members of the CFSA.

Every situation is different....if you havent defaulted on yours yet, then congrats! Not everyone can make it work.

Nick needs to be blocked from this site. Nick, you are a rude person. Obviously you don't understand what we are going through, so keep you opinions to yourself. You obviously need some sort of financial help because you found this site. If you are having a problem, we are here to help you. If you came here to criticize, keep it to yourself.

no i come here to read and help my self. but i have seen so many people who take funds then try and find every way out there not to pay them back. is that fair to the company? why not tell them right off the bat you are going to have 5 payday loans and you won't be able to pay them back. why not read it all. its very simple if you ask me. pay the fee's, pay the loan right off.. don't try and get out of it. don't extend the loans out. payday loans have helped me threw the yrs. its almost like a second job but i pay it back.. right back. each payday loan i take i pay it right off in full with there fee's the next pay date

each payday loan i take i pay it right off in full with there fee's the next pay date

Gold star for you!


To our members...please ignore this person. This is my last post on this....its a waste of time at this point.

The only way you are trying to help yourself Nick is by making yourself feel good at the expense of others. You may have never found yourself in a bad situation with no where to turn.... Pay Day lenders aren't the "little guy" they're a billion dollar industry that prey's on people that can't find traditional lending. I agree that there should be other ways for these people to be helped. A Pay Day lender isn't your friend they are out to make as much money off of people and most aren't doing it legally. If they were following the rules established by each state and were willing to put a cap on their rates then I would believe they are to help in a time of need. Many can see that people are in financial trouble as they operate under many different names and loan to people two and three times. There should be accountability on their end as well.

banks make much more money, with the nsf fee's, over draft protection and other ways. i don't know how much business a payday loan company does but if ford wasn't making money would they still be making cars? all i'm saying is that read the contracts and pay it right off. so you don't have to pay 300.00 in fee's on a 200.00 loan. pay the loan off on the first pd, if you need money borrow again. its that easy.

I agree with you angell, 100%. We came here for help not criticism! Every body has different issues here. PDL's are loan sharks no matter how you look at it. People run into different circumstances and things happen that make it so you cant get caught up and you end up in a trap. Obviously you have never been there, give it time!

Sir, all it takes is for an illness or unemployment to hit you where it hurts and you do not have any income coming in to your home and you are overdrawn on your accounts (overdraft fees are very high). Then I guess you will change your tune. Answer one question and be honest do you work for an illegal payday lender?

You know what NICK!! I had absolutely NO problem paying them off on my next payday...BUT these SLIMEBALL companies wouldnt allow it to happen, I would get hung up on or they would tell me ok great next friday we will deduct the full amount and guess what?? They ONLY TOOK OUT THE FEE!!! They ripped me off not the other way around. So explain that since your so smart!! I ended up paying over $1000 on $200 loans that I wanted to pay off but they would only take their fees! They made a killing of me alone, and I know im not the only one!
PAYDAYLOANS ARE RIPPOFFS and I tell everyone I know!!

Obviously, Mr. Jenkins has graced this forum with his perfection and we should all listen to him. I am sure he has been perfect in every portion of his life and we should be thankful to him for sharing his wisdom. What have we all been doing without him???? How have gotten along in life???

Wow Nick, you are just so much higher and better than everyone else- just because you can pay off your PDL every time. But you are still re-advancing it. You are still borrowing. Why is that...hmmm? You come here and talk down to people because they have taken out PDLs, yet you are a borrower who has turned to PDLs for help yourself. What's the difference between someone who took out 5 PDLs at one time, and you, who just keeps re-advancing the same one for the past 3 years?

Yes, some people take out PDLs and end up worsening their situation. Yes, some people take out PDLs and abuse them by using them for frivolous things rather than for food and necessities. But once again, you are painting the picture with to broad a brush. Everyone's situation is different. I myself have gotten caught up in the PDL trap. But I have paid off every one of them in full and because I don't want to have to deal with the harassing phone calls, have paid back in full even to the illegal companies. However, some others here cannot go the same route I have, and either have to close down their bank accounts or have to reach settlements with the lenders via legal means. They have never treated me differently because I have handled my situation in a different way, and I am not going to treat anyone here any differently because they have gone about handling their situation in a different manner. So I really am shocked by your audacity to claim you came here "to get help" and knock around those who came for help as well, even if they may apply the help in a different way then you would.

No one here advocates ripping off or stealing from anyone. So it makes me angry that you come here and take the information people have worked so hard to gather and organize, take it as help, and then turn around and then turn around and launch a verbal jihad upon them for extending that help in the first place.

Oh wait, I forgot, you are above help and good advice. You are a certified, PDL-wrangler, who has managed to tame the same one for the past 3 years.

Let me give you some of your own advice. Stop taking out PDLs. How bad is that?

I am not going to advocate for N Jenkins or the PDL industry, but I have used PDL's and they served their purpose. I paid 585.00 back on a 500 dollar loan I had for almost 3 weeks. It covered the deductible on my insurance to fix a car I can't work with out. I was thankful for the help. As for 99% of PDL lenders operating illegally as stated above, I am going to venture a guess that you should say internet PDL's operating illegally. Storefronts are almost always operating under the laws of their state. I wish I always had an alternative to PDL's but with my ARM on my home, sometimes I'm lucky to have top ramen. I don't advocate payday loans, but what I have found is it is often times cheaper to pay 15 dollars to borrow a hundred than pay $100 for a bounced 20 dollar check.

Hello Guest -

Yes, I do agree personally that in times of great need, if used responsibly, payday loans can be helpful. However, I still believe there need to be tougher laws that they need to follow. People need to borrow responsibly, but the companies need to lend responsibly.

My main reason for my response was that Jenkins came here, acting high and mighty and talking down to people for being "stupid" enough to get caught up in payday loans, when he just admited that he borrows gobs of money from PDL lenders all the time. In some other thread he stated that he just recently took out $1300. In this one, he claims he has been "responsibly borrowing" for the past 3 years. Honestly, if he were responsible with his money and his borrowing as he claims, then he wouldn't be borrowing every payday for the past 3 years in a row.

I would not judge his situation, if it were not for the fact that he judges others here.

And let the Church say Amen!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! :D

Mr. Jenkins, please take your own advice and stop using payday loans because one day you might find yourself in a jam and can not pay them back, then what are you going to do :?