PDL in MI
Date: Sat, 01/03/2009 - 08:14
Hello, I'm having a problem with Advance America. My loan amt is for $550 but I got fired and am not able to pay. In MI, you are offered a repayment plan in you have entered into 8 in a 12 month period. My question is does it count if it was with different lenders? I have only done 5 loans with Advance America but had more with Checksmart the same year. Can I receive an EPP or something? Thanks!
Go into the store and ask to speak with the manager, explain you
Go into the store and ask to speak with the manager, explain your situation and request an EPP plan, usually, it means you will be required to pay off the loan in four equal payments on each payday.
Quote:
Extended Payment Plan *. Each member will provide customers who are unable to repay a payday advance according to their original contract the option of repaying the advance over a longer period of time. Such an extended payment plan will be offered in compliance with any requirement in state law to provide an extended payment plan or, in the absence of such a requirement in state law, in compliance with the Best Practice ???Guidelines for Extended Payment Plans.??? A member will adequately disclose the availability of the Extended Payment Plan to its customers in compliance with any requirement in state law for such a disclosure or, in the absence of such a requirement in state law, in compliance with the Best Practice ???Guidelines for Extended Payment Plans.??? (Amended 7/21/08) |
You should be fine, it is 1 per lender, not customer.
You should be fine, it is 1 per lender, not customer.
pdl in michigan
i believe in the state of mi you are only allowed to have 2 loans not over 600.00 apiece. call mi office of finance and insurance services at 877-999-6442 maybe they can help you. you found the right site here to get help . everyone is supportive,caring wonderful and has been in the same boat. keep our chin up and whatever you do do not get anymore loans especially on the internet.
