Payday loan scam?

First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!

It's a "check into cash"
the amount borrowed is 841.00
paid 0
I live in Wisconsin

Is this a storefront? Check into Cash I am almost positive will be legal-especially if its a storefront. I guess I'm not understanding what your question is? Are you saying you requested an EPP and they told you when its paid off in Oct you could get another one?

I think they are wanting to be paid the $845.00 owed and wanting her to take out a new loan?

QUOTE from her post "But first to pay off my loan of 845.00, borrow the money again and then start the plan in oct"

Check into Cash is a Legal licensed lender. OP stated they have paid zero on this loan to date. Did you just recently recieve the loan?? Is the loan past due?? This may be why they are offering you to reloan to keep the loan in good standing then do the payment plan later.

*FYI* WI has the worst laws ever regarding PDLs. Good news is Check into Cash are CFSA members so if affordable you may be able to set up a Extended Payment Plan EPP arrangment prior to the loan being due.

I suggest you call their corporate offices and try to work out a reasonable payment plan if you cannot make the EPP arrangment or cannot get anywhere with the local office.

i think the poster is saying that they want to give her a fresh loan to pay off the balance than she will have to pay off the new one.. is this correct?
either way, i agree to see what you can get worked out.

Yes that is correct. This is not uncommon when your loan is past due with a storefront lender. Because I do not see any reason why they should deny her a EPP if their account is current.

Check Into Cash is legal and does abide by the Best Practices especially since the president of thier parent company is the President of the CFSA. I would surmise that the OP's loan is now past due and in order for them to offer the EPP, it must be in good standing. If the OP could clarify this, it would be a big help.

Exactly.

Quote: