logo

Debtconsolidationcare.com - the USA consumer forum

Help PDL problems in VA

Date: Tue, 04/22/2008 - 20:49

Submitted by anonymous
on Tue, 04/22/2008 - 20:49

Posts: 202330 Credits: [Donate]

Total Replies: 8


Hi, i'm new to this forum. I need help I have 7 PDLs and they are all done in stores. I have no living family,unfortunatly. I needed help to keep us going. I live in VA. The PDLs are with Quik Cash, Check Smart, Advance America, Check'n Go, 1st Choice, ACE Cash Express, and Cash-2-Go of VA. I want to pay them off, but the interest is too high. Help!!!! I'm considering finding a 2nd job just to pay this back. I'm trying to rebuild my credit after a recent divorce, but not having much success. I've tried to get a loan to consolidate my debts, but I got turned down.


Hi, single mom! :D First off, I'm going to post your state pdl law for us all to see. You reside in VA and these are all storefronts, correct? Have you defaulted on any of them yet? I can check to see which ones are members of the CFSA. The ones that are, you can invoke the EPP (extended payment plan) if you have not yet defaulted.


lrhall41

Submitted by cannr on Tue, 04/22/2008 - 20:56

( Posts: 9317 | Credits: )


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 cannr on Tue, 04/22/2008 - 20:57

( Posts: 9317 | Credits: )