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Need help with PayDay Loans!

Date: Fri, 02/27/2009 - 20:25

Submitted by anonymous
on Fri, 02/27/2009 - 20:25

Posts: 202330 Credits: [Donate]

Total Replies: 8


Please help me get rid of these payday loans! I have already paid too much in fees and I am pretty sure that I have paid off the principle on most of the loans! I am in Illinois. Thank you!

paychecktoday.com Borrowed - $300.00 Paid - $360.00
Ashland Funding (Crestwood Marketing) Borrowed - $300.00 Paid - $360.00
CashBanc Borrowed - $500.00 Paid - $270.00
PDO Financial, LLC dba PayDay One Borrowed - $1,000.00 Paid - $1,087.74
1800899Cash.com (Frascella Enterprises of Delaware, LLC) Borrowed - $425.00 Paid - $516.00
CashNetUSA (Advance America) Borrowed - $250.00 Paid - $0.00
National-PaydayLoan.com (MTE Financial) Borrowed - $300.00 Paid - $0.00


MTE is illegal.
PDO, Payday One is legal.
CashNet USA is legal

I will have to search on the others.

Here is a link to the IL payday loan information.

How long have you had these loans? According to IL law you can request a repayment plan after 35 days and all interest and fees stop.

Also rollovers are prohibited which means that all payments go toward the loan and the loan fee. They can't just charge you a fee to keep the loan open.


lrhall41

Submitted by nohiogal on Sat, 02/28/2009 - 03:05

( Posts: 2582 | Credits: )


paychecktoday.com was opened in 09/08 but bank account was closed.
Ashland Funding (Crestwood Marketing) was opened 09/08 but account was closed.
CashBanc was opened in 09/08 but bank account was closed.
PDO Financial, LLC dba PayDay One was opened 12/08.
1800899Cash.com (Frascella Enterprises of Delaware, LLC) was opened 01/09.
CashNetUSA (Advance America) was opened 02/09
National-PaydayLoan.com (MTE Financial) was opened 02/09.


lrhall41

Submitted by on Sat, 02/28/2009 - 06:28

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Well all the ones in 9/08 you can request the re-payment plan by law. If they refuse then chances are they are illegal.

As I said CashNet is legal but I have heard they will work out a payment plan.

Payday One is legal and they are very nice and will work out a payment plan.

Again MTE is illegal and you only owe the principle on illegal loans.


lrhall41

Submitted by nohiogal on Sat, 02/28/2009 - 12:07

( Posts: 2582 | Credits: )


which of the following are legal in alabama loan point usa,iadvance, prime payday, ameriloans i have had 1 with ameriloan and they treated me good. I have no complaints with them so far nor with prime they have done good so far


lrhall41

Submitted by on Sat, 02/28/2009 - 21:53

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which of the following are legal in alabama loan point usa,iadvance, prime payday, ameriloans i have had 1 with ameriloan and they treated me good. I have no complaints with them so far nor with prime they have done good so far


lrhall41

Submitted by on Sat, 02/28/2009 - 22:24

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