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payday loans & internet loans in mississippi

Date: Fri, 03/26/2010 - 22:28

Submitted by anonymous
on Fri, 03/26/2010 - 22:28

Posts: 202330 Credits: [Donate]

Total Replies: 6


I have 8 instore payday loans and 4 internet loan, and I can no longer pay. I have been refianacing since Nov 2009. I have gotten behind on paying other bill to keep from defaulting. I'm thinking about seeking help from T & C ACCEPTANCE CORP. or Destination Debit Solution. Is either one of these company a good company? Or can u help me with a company that is licence in Mississippi. The internet co r..fast and reliable450,first bank of delaware800,national390,and another one for390. The other 8 are instore and they are all for365.85 Please offer some advice, im so scare of legal actions.


Are internet PDL's illegal in your state? If so, immediately close your bank acct so they cannot get another dime of your money. I would not pay a loan consolidation company for something ou can do yourself for FREE. I have closed my acct (internet PDL's are illegal in KY), & feel like a huge load has been lifted off my shoulders.
On the storefronts- you can try for an EPP (extended payment plan) -- some will do it, some won't. What I ended up doing with my storefronts is actually defaulting on most of them - because that's the only way they would let me make pmts. All the checks that defaulted were written on my closed acct. So far they have been nice about it & are letting me make monthly pmts. This forum is here to help everybody who is in the PDL boat. Lots of good info here & just remember, you are not alone.


lrhall41

Submitted by mpatt on Sat, 03/27/2010 - 15:27

( Posts: 64 | Credits: )


None of your Internet lenders are licensed so, CLICK HERE to find out how to deal with illegal lenders. As far as your store front lenders, click the link below to read the check cashers regulations.
http://www.dbcf.state.ms.us/documents/cons_finance/final_check_cashing_regs-2-20-2003.pdf
Your wages can't be garnished nor can there be a wage assignment used.


lrhall41

Submitted by Shazzers on Sat, 03/27/2010 - 17:08

( Posts: 17344 | Credits: )


Quote:

Originally Posted by SC
If your storefront pdls are CFSA members, ask them to set up payment plans to help you pay them. Storefront lenders often don't work with consolidation companies. Call up each of them and try to set up payment plans.


I have contacted one of the storefront loan payday and she wants me to make $95 bi-weekly, and another one wants the loan to be paid out in 30 days, and one is threating to garnish my wages. If I do that with all of them I will paying the same as I am paying now which is $1200 per month just to refinance. I will try again to talk to them. Thanks for your help.


lrhall41

Submitted by gwmosspoint on Sat, 03/27/2010 - 19:28

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Quote:

Originally Posted by gwmosspoint
I have contacted one of the storefront loan payday and she wants me to make $95 bi-weekly, and another one wants the loan to be paid out in 30 days, and one is threating to garnish my wages. If I do that with all of them I will paying the same as I am paying now which is $1200 per month just to refinance. I will try again to talk to them. Thanks for your help.

Well I guess the one that's threatening you, won't be able to garnish your wages. As garnishment of wages takes place only after a lawsuit has been filed and won. If the debtor doesn't turn up after being summoned, then the question of default judgment will arise and that will lead to garnishment.
So talk to them and keep posting the updates.


lrhall41

Submitted by Chris Samuels on Mon, 03/29/2010 - 00:29

( Posts: 174 | Credits: )


Quote:

Originally Posted by gwmosspoint
I have contacted one of the storefront loan payday and she wants me to make $95 bi-weekly, and another one wants the loan to be paid out in 30 days, and one is threating to garnish my wages. If I do that with all of them I will paying the same as I am paying now which is $1200 per month just to refinance. I will try again to talk to them. Thanks for your help.



If your lenders are CFSA members, they can't deny you of extended payment plan as it is a requirement for their membership. I would suggest that you physically visit the storefront and talk to someone responsible or talk to their corporate office to work out the deal.


lrhall41

Submitted by SC on Mon, 03/29/2010 - 00:59

( Posts: 3937 | Credits: )