rollover
Date: Sun, 12/14/2008 - 07:05
A rollover is when you just keep paying the refinance fee. Exam
A rollover is when you just keep paying the refinance fee. Example, you borrow $300 and the interest is $90. If you just keep paying $90 you are rolling it over and nothing goes toward the principal.
I think most PDLs operate in this way and that's exactly why we
I think most PDLs operate in this way and that's exactly why we find ourselves in these horrible situations with illegal/unethical lending companies.
Can you let us know which companies you're working with as well as how much the loan was & the amount you've already paid?
~ Debra
companies i'm enslaved to
I think I have all the info I need to post so that someone might be able to help...First of all I live in Florida and all of these loans are internet.
1) united cash- original amount $200 on 8/24. paid $60 on 9/12, $60 on 9/26, $30 on 10/16, $120 on 10/24, $50 on 11/07 and $60 on 11/07... The balance as of 12/11 is $225....
2)Cash Star group- original amount $300 on 9/15. pd.$90 on 9/26, $90 on 10/10, $90 on 10/24, $90 on 11/7 and $50 on 11/7...I don't know the balance as I can't find any info on that loan...can't find a number online to call either...
3) Think Cash (now 1st bank of delaware) original amount was $750 and the only payment I could find (uh-oh) was on 11/18 for $88.79...also don't know the balance
4) Initial Equity(also paradisecash advance) original amount $300 on 10/21. pd. $75 on 11/7 and $75 on 11/21...Balance as of 12/11 is $375
5)Paycheck today- original amount $300 on 10/15.. pd.$90 on 10/24, pd.$90 on 11/07 and $90 on 11/21.. unsure of balance..
6)oneclick cash- original amount was $250 on 10/03 and pd. $75 on 10/24 and $75 on 11/21...unsure of balance
7) Nationwide (and I'm having problems figuring this out..it looked like the same company as paradisecash advance but there were two different deposits) original amount was $400 on 10/02, pd. $120 on 10/10(8 days later? what was I thinking?) pd. $120 on 10/24, pd. 120 on 11/7 and pd. $120 on 11/21....
I know it's alot and it's totally overwhelming... I've never been good with things like this and I need help please....The fees are killing me...one of them hit my bank account 5 times in one day with bank fees of $35 each time OUCH!..that one is the one I can't find any info on......
