Need advice
Date: Mon, 11/30/2009 - 06:53
Between my husband and me we have loans from the following:
zip19
Payday One
Ezpayday
Greenlight funding
Advance America
Eastside Lenders
Cashadvance Network
We live in Ohio. I really need to find out who is legal and who are not. From what I've been reading Eastside and Zip19 are not are there others?
Payday one and Advance America seems to be a CSO. Not sure how to handle those.
What is the best way to go about getting these paid off....my monthly payments are getting out of control...
Also, I have been looking at a compnay called Langhourn debt consolidation...anyone had any exerpience with these people?
Any advice would be helpful.
Thanks
I wouldn't pay a debt consolidation company to do what you can d
I wouldn't pay a debt consolidation company to do what you can do yourself free.
I believe PaydayOne is an installment type of loan, this means they would not follow the payday loan laws in Ohio, click the link to read your payday loan laws: http://www.paydayloaninfo.org/stateinfo/OH.asp
I am not sure about Advance America, is that a store front lender? Never the less, they are members of the CFSA, click the link: http://www.cfsa.net/MemberList.aspx
This means you are eligible for the EPP but you MUST ask for it because they won't tell you about it, click the link to read about the EPP, number 11. http://www.cfsa.net/industry_best_practices.html
Those are your two ONLY legal lenders, the rest are not licensed to lend in Ohio, click the link to read about how to deal with illegal lenders: http://www.debtconsolidationcare.com/forums/showthread.php?t=43355
Thanks for the info
Thanks for the info.
OK ...from reading on their websites Adance America is Cash net USA. Pay Day One is under Pay Day One Express Ohio. Both of the companies charge a CSO fee. I'm not sure what that is and is there any way around that? Is that still considered a PDL co?
Also, if I closed my checking account and work out deals with these companies....since they go through places like Tele track...will that effect me getting a checking account in the future? Is there any way around not closing my checking account?
You need to close your checking account and open a new one. Eas
You need to close your checking account and open a new one. Eastside Lenders are a pain to deal with. They will continue to debit your account. I sent them ACH revocation letter July 27th and received e-mails that they couldn't make a withdrawal, etc. Then I continued to receive e-mails about my balance. I tried negotiating with them, but they turned my account over to Smith,Haines & Watson firm. I tried negotiating with them to no avail. I sent them copies of NJ laws on payday loans and request for validation. Haven't heard anything since.
You need to close your account THEN send ACH revocation letters and request that you be contacted ONLY via US mail or e-mail (for the illegal ones). then you can decide what you will pay them and when..... You only owe them what you borrowed less what you paid, if anything.
Good luck.
