Ohio PDL Help!

Hello, have you called and asked them what the plan is? I think that's what everyone needs to know first. Stopping the checks really wouldn't help anyway, as they can electronically debit your account without the check. I was in the same shape a few months ago, I posted on another Ohio PDL thread about it this morning. Take a look. There is no "ideal" way out of this, other than pay them as much as you can as fast as you can. Once they default, they may be likley to work with you. I know from experience you can usally buy yourself about 90 days from default to pay them off, although they will tell you other wise. Good Luck, Reny

Wow thanks for the quick response! I will call them this morning and see what I can find out. I guess my main concern is will they continue to attempt to run the checks though or do it just once before defaulting. I will pay them, no doubt, but it'll take a couple paydays. I just don't want them to continue hitting my account before defaulting....

Yes and they will! Its not easy. There will be fees from the bank. Have you ask your bank to close the account or to put a hard block on it? My bank would not do that, but I see many folks here on the board are bale to get their bank to help. You have to go into the bank and ask for the manager, its worth a try. My bank would not help, thus causing me about $1600 in NSF fees!! Which has not been turned over to an ATTRY, I'm trying to make payments on that. I'm so glad to see the bill pass, its caused so much heart ache for so many.

It is not company policy to deposit the check until it goes to thier collections department, so they will not run up NSF fees on you. My suggestion is to go to each stores website and contact the Customer Service number listed. CNG will take you to Mason, OH and Check Into Cash will route you to Cleveland, TN.

Call immediately...

Well, I went to Check n' Go.... they "can't" give me EPP since I've had one within a year. They said they are working on implemting "micro loans" up to 600 (down from 800) and that the fees would be comprable. they also issue you a check instead of cash, which they will of course cash for an additional fee. They said if I pay Friday, I can re write that day under the new option. Check n Go also said I couldn't do EPP, but said business as usual, under some new "plan". So I'm worried I will pay, and without knowing about this new "plan" won't be able to re loan. If I need to default, how should I do it? I want to pay them back, I just need time since I can't reloan. I CANNOT close my bank account. Any suggestions? Thanks again!

Methos100,

In this case, do NOT go to the store. Get the corp number and call the coorporate office. The store staff and "District" Manager will not offer you anything other than the new product.

Okay.... thanks PDL Owner. I will call and see what they can do. I'll keep posting updates.

Are they CFSA? If so give the CFSA a call and they will give you the name and number of the parent company to call. I have found the people at this level friendly and easy to work with and can get things done beyond what the locals can do for you.

Check Into Cash stores will be offering a new micro loan as of today. Not sure about Check N Go.

CashAmerica which owns Cashland Stores said this morning it will be closing all of it's Ohio stores due to Issue 5 passing at the polls.

Hmmm..... I like the idea of contacting CFSA, I will try that. Thanks kfstaff24. I'm still unsure of exactly what to say. I am due Friday Nov. 7th, with a grace till Monday, so I haven't defaulted yet. I'm trying to set up a payment deal without the checks attempting to go through my acct. and bouncing all over Ohio. All of your responses are VERY helpful. If anyone has any other or ideas, or can share a similar expirience, Please share!! Do I have to 'default' before calling corporate offices?

Oh, and does anyone know exactly what a 'mico loan' is? specifically the one Check Into Cash is offering that SeeinRed23 mentioned. They mentioned it to me at the storefront, but didn't go into specifics

What they had told me was that it doesn't fall under the Payday Loan H.B. 545 Law. I do believe they said the fees are about 1/2 of what they were but not the 28% interest. The due date also falls when you get paid from what I understand of it. And the most you can borrow is $600 or 60% of your wage (whichever is lower is what you are allowed to borrow). It also doesn't put you into a database like the regular payday lenders will be doing if they stay in business. They said they will no longer be a payday lender but a micro loan company. I'm not sure if that really makes any sense though.

None of the storefronts that I have dealt with ever make arrangements before your checks bounce. You would be better off to stop payment on them.

The CFSA Extended Payment Plan that is required to be offered by thier members MUST be requested PRIOR to your checks due date. The members are only required to offer it to a customer once every 12 months. As for Check Into Cash and Check n Go, they are both members.

call the stores and just simply ask them what the check numbers are and then just stop pay. that way you only have those stop pay fee, tell the bank to stop check and ach debit from coming out. you are covered both ways. this is what i did and it worked then I just set up payment arrangements at the store or with corp who ever they require you to talk to. I am almost out of them by doing it this way. epp sometimes make too high of payments still.

I live in Ohio and currently have EPPs with Check N go , Check Into Cash and Advance America - they split my payments over 4 pay periods. These are all CFSA members so you should have no trouble getting this agreement. I went in before my due date for all of these....I still have an outstanding loan with Checksmart and last time I defaulted with them (ie. the check bounced) the collection person called me and I asked if I could make arrangements to pay it--she said I had to call their corporate office...well, they immediately put the payment thru (the entire $912.50) my next payday -they had not done that before - guess she was concerned I wasn't going to pay - thought that was a little sneaky when she had just told me to call to make pymt arrangements......anyway, my point is that you have a better shot of getting EPP instead of taking the chance they will take the whole amount out on your next payday.....that's my opinion anyway.

I am in Ohio too and will be going to CheckSmart tomorrow to get a EPP. They said I have to come to the store and I could not make arrangments over the phone.

It will take four payments over two months but at least that one will be out of my hair.

I have another online with PayDay One and they told me in an email that they can not make payment arrangements. I replied and quoted them from their own website that states arrangements might be made but they have not answered me back. If they still won't work with me then I am going to have to let that check bounce but that is not until 11/21 so hopefully I can come up with something by then that does not involve another cash advance.

I have googled Micro Loan and it looks to do with small business loans but I am doing more research and will post if I find more information.

I inquired further about the new loans these places are giong to offer. They are under the Small Loan Act. They are actually going to have only slightly smaller fees and that will depend on the amount of money you borrow and it will too be based on your paydate also. For instance, Cashland is saying they will offer loans up to $1200 to qualified borrowers. There will be a loan origination fee plus a $10 background inquiry fee and 21% interest if you borrow the whole $1200. I think that the origination fee they said was $35. So the fees for this type of loan isn't going to be that much cheaper.

Funny how they can switch to this type of loan ----- the lawmakers should have inquired further about Payday lenders other options for licensing that would amount in fees that are still astronomical.

So basically these places are going to continue to be in business. So much for getting rid of the payday loans.

well i went to check into cash today to pay off my $520, they said i could reloan right then, and 400 would cost about 420 to repay. they give you a check, and try to make up the difference with cashing the check, at 3%. Paid off check n' go as well, they said business as usual for about a week, then going to micro loans as well. 420 is not a bad pay back, just cash the check elsewhere i guess. (12 bucks on 400 for them to cash it.) I fortunatly found a family member gracious enough to loan me 600 bucks. I've paid off all my loans, and still have about 80 to last two weeks, and I'm paying my family member back 100 per week, no interest! So after 3 years, 4 store front loans, 2 internet loans and thousands of dollars, I am free at last. Thanks to everyone on this site, you guys are great!

Thats great :D Isn't it a wonderful feeling to finally have control of your money?

Wow.... I can't even begin to describe it! it is absolutely AMAZING to be back under control. I don't know how I even made it. I feel so bad and can completely relate to others on this forum. Luckily I never had my account wiped out, or had to deal with harassing phone calls, but I was SO close to that. Even now, with only 80 bucks to last two weeks I'm tempted to go just get like $50...... but I won't, I'm burning my check book!

I know how you feel. I am close too but I do have one more to deal with and I am not sure yet how I am going to work that out just yet.

I still owe but at least to I have made arrangements with.

You made me LOL about burning the check book. :lol:

Checksmart wouldn't let me reloan until I paid off the other two storefronts. I was able to borrow from a family member and paid them all off. Now I owe none of them. I have to pay back the family member but that's easier. There was no warning either. I had 3 storefronts and they totally dissed me. Told me I was in the system and could not get any loans until all 3 were paid. Then they are going to a new product, but I would have to pick one of them. I'm blessed to be done with all of them. That was so cruel.

wow, sounds like they are using the new system and not allow folks to "over" borrow. That's good at least.

At least you are done with them, I would much rather have to pay a relative than deal with the pdl mess again :D

I'm so glad I had a relative to borrow from. I would be overdrawn -$920 plus fees if my mom hadn't stepped in. I had no warning. Checksmart already had Express Payroll and Cash Stop in their system. So they can see if you have other loans out, and to whom. Also, they are already offering the new product. Anyway, what a feeling! I don't have to deal with Checksmart anymore. I'm glad they were the first I paid off, and I'm glad they stopped me dead in my tracks. They would have been the worse to deal with had I bounced their check. I feel for someone who owes two or more like I did, and they will discover that they can't reloan.

I never had to deal with storefronts, but some of the internet pdl's can be just as harsh. Its a great feeling to know that everything is done & you no longer have to deal with robbing peter to pay paul :D