Two payday Loans in Arizona

[quote]Arizona State Information

Legal Status: Legal

Citation:
Ariz. Rev. Stat. ???? 6-1251 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 5 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulatory Contact: Robert Charlton,, Assistant Superintendent of Banks
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Formulario De Queja


You need to go to one of the two and request an EPP Extended payment plan when you are finished with the first work on the second. If they are store front you should be able to do this. Hopefully someone here with more experience can add m[/quote]ore.

Thank you so much, I just want to get out of the hole I dug my self. Thank you again!!!!

Your state law only allows:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)
Are you paying these loans off each time you go in, then reloaning, or are you only paying only the interest? Obviously, wherever you acquired these loans they relied on the fact that you were only getting a loan exclusively with each one of them, so basically, unless either of these store fronts use a system online that most payday lenders use, to check and see if you have other loans out, they were counting on you to tell them. I do know that usually, when you go to a store front to get a loan, they ask you if you have any other outstanding loans out with any other store front lender.

As stated above, you will need to find out if either of these stores are members of the CFSA (Community Financial Services Association) CLICK HERE to learn about them. Most store fronts are, but some are not. They usually have a plaque hung up somewhere in their store stating such. You may even be able to find out if they're members by typing the names of these stores into google and visiting their website, look around and see if there is any information stating they are members of the CFSA.

Ahhh shucks I forgot to continue what I started above. lol
Anyway, if these store fronts are members of the CFSA you can request the EPP (Extended payment plan) which will allow you to pay off these loans in four equal payments.