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Help! Need Payday loans gone!

Date: Thu, 10/08/2009 - 10:28

Submitted by rvl_73
on Thu, 10/08/2009 - 10:28

Posts: 154 Credits: [Donate]

Total Replies: 22


If anyone has an idea of how I can get these payday loans gone. I currently pay close to $800 a month just to keep them until the next two weeks. I have listed them below. Any assistance where I could consolidate or get a lower payment loan (which I can afford easily) please advise...I never thought I would get sucked into these things and am embarrassed I did!!! I am in Wisconsin. :(:mad::confused:

1.) Pay Day Loan Store (Storefront) - $863 - payed well over $500
2.) Check Advance (Storefront) $660 - Paid over $200
3.) Check and Cash LLC (Storefront) $440 - Paid over $300
4.) Blackcardloan.com (Internet) $540 - No payment yet.


Honestly, you have yourself is a jam. The 3 storefronts are legal lenders and can take you to small claims. If the loans are due today, you are late for the EPP is they are CFSA member. The good thing is that WI has a reorganization plan that is administered by the state. It is something like a Ch 128, but I cannot remember the exact number! Contact your local Clerk of the Court and they can advise you further. The internet loan may or may not be legal, you can search them in the top right corner of this site.

Good luck


lrhall41

Submitted by PDLOwner on Thu, 10/08/2009 - 13:14

( Posts: 1049 | Credits: )


here is my reply from my credit union

[LEFT]Good Afternoon Randall,[/LEFT]
[LEFT] You are able to place Stop Payments on these checks, and also on ACH Trans., the cost is $25.00 per check, and the stop payment is then in place for six(6) months. An ACH stop payment is good for only one time per ACH Item, and you would need to know the exact ACH name of company, and that company would have had to post or come into your account in the past, their ID Number would have to appear on your account to load the Stop Payment. You could also close your checking and use only your savings, and then not let these companies know that you still have this account, you would let the companies know only that you have closed your checking account. You might otherwise want to open a NEW account, so that these companies would not know your account number at all.[/LEFT]
[LEFT] [/LEFT]
[LEFT]If there is anything else I can help you with, please feel free to contact me.[/LEFT]


lrhall41

Submitted by rvl_73 on Thu, 10/08/2009 - 13:22

( Posts: 154 | Credits: )


I think what I am going to do is eat the two fees I have to pay today and tommorrow. Let the few things I have clear (gas bill, check-card transactions, etc) then close the account and reopen a new one. My banker said they cannot draw on a different account number, even if it has my name on it. Then I will begin my own negotiation process to rid myself of the scum I promised myself I would never get into.


lrhall41

Submitted by rvl_73 on Thu, 10/08/2009 - 14:53

( Posts: 154 | Credits: )


Good luck. Just remember that atleast 3 of these "scum" have a legal standing to collect thier debt. Just so that you know, they can take you to small claims, get a judgment and seize funds in any account with a court order.

I tell you this, not to scare you, but so that you do not go to them demanding that they accept your terms. If you go to them open and honest, you may have a better chance for success.


lrhall41

Submitted by PDLOwner on Thu, 10/08/2009 - 14:59

( Posts: 1049 | Credits: )


Guess the word scum was wrong now that i read it and I apologize. I am just frustrated at myself. I do not plan on going in guns blazing, but as more of an open mind for discussion. With all my new found knowledge from here of course to back me up. I dont want to screw them over and not pay, just agree to something smaller than the $800 a month I pay now. Maybe then I could start paying my other bills again.....UGH!


lrhall41

Submitted by rvl_73 on Thu, 10/08/2009 - 15:05

( Posts: 154 | Credits: )


Don't worry about it. The one thing that I will stress is that you must approach the legal lenders differently that illegal internet lenders. Most of the advice on this site is for dealing with illegal internet lenders. The storefronts are licensed in each state and therefore have a little more "bite with thier bark".


lrhall41

Submitted by PDLOwner on Thu, 10/08/2009 - 15:08

( Posts: 1049 | Credits: )


Quote:

Originally Posted by rvl_73
got your reply Shazzers! Thank you! I will call and ask them ,.

Doesn't hurt to try. If for some reason they aren't that doesn't eliminate the possibility of asking for their assistance. Just make sure every time you speak to someone, note the day and time, also get the name of the employee you spoke with, it may even be to your advantage to go to the top of the chain, speak to a supervisor or manager, or even contact someone in their corporate office. Staying proactive in working out a resolution, it's in your best interest.


lrhall41

Submitted by Shazzers on Thu, 10/08/2009 - 15:09

( Posts: 17344 | Credits: )


Okay. Talked to my banker yesterday. I am withdrawing all funds today, except for those that are due to clear. Then closing the account. She assured me that they will not be able to access my new account, with my old checks. Iam them taking the steps necessary to go through the Chapter 128 Program, with the PDL amounts owed and a few other bills. Has anyone (in Wisconsin) ever done the chapter 128?


lrhall41

Submitted by rvl_73 on Fri, 10/09/2009 - 09:10

( Posts: 154 | Credits: )


Quote:

Originally Posted by rvl_73
Okay. Talked to my banker yesterday. I am withdrawing all funds today, except for those that are due to clear. Then closing the account. She assured me that they will not be able to access my new account, with my old checks. Iam them taking the steps necessary to go through the Chapter 128 Program, with the PDL amounts owed and a few other bills. Has anyone (in Wisconsin) ever done the chapter 128?


Great program! Congratulations and add all bills possible to the 128.


lrhall41

Submitted by PDLOwner on Fri, 10/09/2009 - 09:30

( Posts: 1049 | Credits: )


Update:

Got my account closed in time. Had to tell one PDL to give me an extra day to come in and she said that's fine. Then got it closed and she called me and said you never came in yesterday. My Father in law had prostrate surgery I told her, and I was out of town. Her response was "Well that's a bummer, what are you going to do." I said about what and she said the check. I said your going to have to deposit it. She asked if it would clear and I said I hope so! She said "So do I" Will be contacting all three to set up arrangements. Blackcardloan.com emailed me because they were unable to pull from my account. Whoops! This payday my wife and I actually had $500 left for two weeks to use until next payday, after bills. We usually have at a maximum of $200 for me, her and our three year old. NOT much left for a family. I damn near cried when I figured my bills and found I wouldn't be handing these devils $380.00 and would have the $$ I need to get through. I feel bad closing my account on them....WAIT...NO i don't! Will update on Pay arrangement's and how they respond to Chapter 128


lrhall41

Submitted by rvl_73 on Fri, 10/23/2009 - 14:46

( Posts: 154 | Credits: )


Quote:

Originally Posted by rvl_73
Update:
Got my account closed in time. Had to tell one PDL to give me an extra day to come in and she said that's fine. Then got it closed and she called me and said you never came in yesterday. My Father in law had prostrate surgery I told her, and I was out of town. Her response was "Well that's a bummer, what are you going to do." I said about what and she said the check. I said your going to have to deposit it. She asked if it would clear and I said I hope so! She said "So do I" Will be contacting all three to set up arrangements. Blackcardloan.com emailed me because they were unable to pull from my account. Whoops! This payday my wife and I actually had $500 left for two weeks to use until next payday, after bills. We usually have at a maximum of $200 for me, her and our three year old. NOT much left for a family. I damn near cried when I figured my bills and found I wouldn't be handing these devils $380.00 and would have the $$ I need to get through. I feel bad closing my account on them....WAIT...NO i don't! Will update on Pay arrangement's and how they respond to Chapter 128



Good for you!!


lrhall41

Submitted by Shazzers on Fri, 10/23/2009 - 15:12

( Posts: 17344 | Credits: )