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payday loan payback

Date: Sat, 05/15/2010 - 08:18

Submitted by anonymous
on Sat, 05/15/2010 - 08:18

Posts: 202330 Credits: [Donate]

Total Replies: 5


what do you do..i borrowed money from payday loans i want to pay it back
but i got in over my head. i'm leary of closing my bank account but that seems to be the only way to change things. right now i'm pay ing back about $700 a month, just to stay even. i have five pay day loans totalling about $1600.


Quote:

Originally Posted by Shazzers
We may be able to help you, list the following information please:
-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 reside in minnesota-all loans internet
1.signmyloans.net-$250-($225 paid so far)
2.little loan shoppe-$300-($420 paid so far)
3.cmg-$250-(haven't paid anything yet)
4.sagamore-$250($75 so far)
5.cardinal managemnt-$200($180 so far)


lrhall41

Submitted by on Mon, 05/17/2010 - 08:45

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Quote:

Originally Posted by Anonymous
i reside in minnesota-all loans internet
1.signmyloans.net-$250-($225 paid so far)
2.little loan shoppe-$300-($420 paid so far)
3.cmg-$250-(haven't paid anything yet)
4.sagamore-$250($75 so far)
5.cardinal managemnt-$200($180 so far)

Definitely don't hire someone to do what you can do more effectively. Some of these lenders aren't even licensed but I need to research and get back with you. For sure Littleloanshoppe is NOT licensed to lend to your state residents, so, while I am researching this CLICK HERE to find out how to deal with unlicensed lenders.


lrhall41

Submitted by Shazzers on Mon, 05/17/2010 - 09:04

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Quote:

Originally Posted by Shazzers
Your payday loan laws are listed at the link below:
http://www.paydayloaninfo.org/stateinfo/MN.asp
Since Internet payday lenders are required to be licensed by your state you may check at the link below, if they aren't listed, they aren't licensed,
http://www.commerce.state.mn.us/FSLicensees/il.html


i didn't see any of my 5 loans licensed in minnesota. will the bank put a stop on them or do i have to close my account. what happens then.
plus acccording to the laws in my state(minnesota) they all are gouging with
interest. how do i respond?


lrhall41

Submitted by on Mon, 05/17/2010 - 12:40

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