PDL's in Wiconsin! Help!

Are these store front lenders?

If these are store fronts, ask for the EPP plan, if they are members of the CFSA (Community Financial Services Association of America) then you are entitled. Below in quotes was taken from the CFSA site and explains how the EPP plan works.

Quote:

Thank you! What if they aren't a member? If I put a stop on the checks, prior to them depositing....what will happen?

They will contact you once they get back the notice from the bank. Even if they aren't a member, you can still ask to do EPP payments or see if you can set up some kind of payment arrangement with them. Most store fronts will work with you.

Well, I have 2 of these...so I couldn't pay the one on Friday....I talked to them and they gave me a 14 day extension. The other one was due yesterday, and they said the ONLY THING they could do for me, was to 'bump me up' so I could pay. What that means, is they will borrow me the money, so I can pay the interest. I don't want to do this.

Sad to say, I'm seriously thinking about cancelling my checking acct. early next week.....now, if I do this...and they send the checks through.....will they work w/me to make arrangements at that point? Or will they simply sue me?

Have you tried talking to Corporate yet? Or just the store clerks. Sometimes Corporate is more willing to work with you then store clerks.

They may work with you. I never did business with either of the two that you mentioned.. sorry.

Just the clerks....but they are the 'managers'....I just googled some information, and have hopefully, what is their corp. headquarters numbers. I just DON'T want to take out another loan. I can't believe they encourage that!

This is all I can find on WI DFI website.. Not even sure if this is the same one or not that your looking for for Check Advance.

http://www.wdfi.org/apps/CorpSearch/Details.aspx?entityID=M045942&hash=954519959&searchFunctionID=289c3023-b1c1-4665-b5a1-fc7d2bfe4d1d&type=Simple&q=Check+Advance

Payday Loan store:
http://www.wdfi.org/apps/CorpSearch/Details.aspx?entityID=P036432&hash=717122312&searchFunctionID=5c311e01-b0bd-461b-8462-14db17da11d5&type=Simple&q=Payday+Loan+Store

The Payday Loan Store is PLS Financial based out of the Chicago area, I believe in Oaklawn, Oak Brook or Orland Park. Can't remember exactly...

The link for Check Advance is not correct. That is the old licence for what is now Advance America, not Check Advance.

Search "Valued Services of Wisconsin, LLC" for Check Advance.

Thanks PDL owner, as I said in a previous post, wasn't sure if it was the correct one or not. Here's the link to Valued Service as PDL Suggested.

http://www.wdfi.org/apps/CorpSearch/Details.aspx?entityID=V019717&hash=511216709&searchFunctionID=eeac1db9-767c-477b-ad0f-1b83dca84a86&type=Simple&q=Valued+Services+of+Wisconsin%2c+LLC

Hey PDL owner, do you happen to know what will happen if a credit union doesn't respond to WI Director of Credit Union by the date given? Will they send another letter?

Not a clue, beli. I would touch base with the Dir of CU on Monday to follw-up.

I was planning on doing that if I didn't get a letter today, but she doesn't like me much considering I told her she didn't know the laws and went to our States Attorney General to get my case re-opened.

Put a stop pay on your Check Advance loan. The next thing you do is be PRO-ACTIVE and go in and tell the manager of the branch that your financial situation has reached the point where you can simply no longer keep rolling the loan, not without having to confer with a bankruptcy lawyer. Be prepared to make some sort of payment at that time, even if it's less than the amount that you would have normally paid in interest to roll the loan.

At that point you and the manager will work out a payment agreement, which per the corporate rules must be every two weeks just like your loan. However, you are now actually paying your loan down instead of just paying to keep it rolling.

Check Advance is not a CFSA member, the loan will NOT end after 4 rollovers, it can in fact roll forever based on the rules of the state of Wisconsin. You also must, must MUST keep making the payment agreement payments as scheduled - Check Advance does not simply send your account to a collection agency as do many of the competitors, they evaluate your file for garnishability and sue after 50 days of no payment if they feel they can get your money via small claims court.

The manager will start the payment agreement negotiation at your balance divided by 4 payments. Write down what your check amount is, and add $10 for the late fee. No $15 NSF fee because the check will return stop pay. Then subtract the amount of the payment you bring in on negotiation day. Divide that balance by 4. Is the resulting number too high for you, will it break the bank? If so, find a lesser and REASONABLE number that the manager can agree to and successfully sell his or her manager on.

At the end of the payment agreement, you will be paid in full, and no longer have that hanging over your head.

But whatever you do - DO NOT avoid calling them or going in to discuss this. It's a legitimate debt, they're not going to tear your head off, but they will become very, very persistent and less inclined to negotiate if you ignore them.