dealing with pdl lenders by yourself

Hi kaatt,

I saw from a previous post that you live in Kansas. I am posting you law's for you. If you can also tell us if the companie's are:
internet or storefront

That will also help us to give you some advice:

[quote]
Kansas requires Internet based pdl's to be licensed by your state. I am assuming that Payday One is the Internet pdl that you have, they are legal therefore if I were you I would contact them and try to make payment arrangements with them. If any of your store fronts are members of the CFSA (The Community Financial Services Association of America) you are eligible for the EPP plan (Extended payment plan), this will allow you to pay these loans off in four equal payments on each payday, but you must request this BEFORE you default.


Quote:
Kansas State Information

Legal Status: Legal

Citation:
Kan. Stat. Ann. ???? 16a-2-404

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-30 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: One NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Office of the State Bank Commissioner
Address: 700 SW Jackson, Suite 300 Topeka KS 66603
Phone: (785) 296-2266
Fax: (785) 296-0168
Regulatory Contact: Kevin C. Glendening,, Deputy Commissioner, Division of Consumer and Mortgage Lending
Regulator Website

[/quote]

You should always pay necessities first. In my opinion you should always pay your bills in the approximate following order:

1. Mortgage/Rent and insurance
2. Transportation Costs including fuel/tax/insurance (If you owe a large amount on a car then sell the car and move down in vehicle value)
3. Necessary Utilities (Gas/Electric/Water/Trash/Sewer)
4. Minimum Groceries
5. Any other secured debt
6. Childcare
7. Frivolous Utilities ( Cable/Satellite/Internet/Phone)
8. Savings Account until you have 3-6 months expenses saved
9. Necessary Clothing
10. Any miscellaneous expense
11. credit card debt
12.
13.
14.
15.
16.
17.
18.
19.
20. PDL loans

They were all done on the internet and the amts are the current balances owed on each. Thanks

We need the names of each of the companies and how much was the initial laon and how much you have paid towards each.