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Need some serious help only have two days

Date: Wed, 06/30/2010 - 09:58

Submitted by bernard1301
on Wed, 06/30/2010 - 09:58

Posts: 6 Credits: [Donate]

Total Replies: 4


I know that most PDL's usually say that i need to contact them within three business days if i can not make a payment but i am in way over my head now and i need to figure something out. I have no problem paying what i owe, i just can afford the high interest rates anymore. My bank account is already at a negatve $200.00 state because of what i owe and i do not get paid until Friday 7/2.
I currently reside in Illinois and these are the loans i have out.

Pack Customer Service- Borrowed $250, pay $75.00 per bi-weekly period since 4/23 nothing applied to principle

Paycheck Today- Borrowed $200, pay $60 per bi-weekly period since 4/23, nothing applied to principle

Lakota Cash- Borrowed $350, paid $90 bi weekly since 5/7, tried to do a pay arrangement increased final balance to $420, now paid down to $370

One Click Cash- Borrowed $350, paid $105 bi weekly since 4/23, tried to arrange to pay down only principle, now balance is up to $525

PayDay Loan Yes- Borrowed $350, pay $105 per bi-weekly since 5/21. nothing applied toward Principle yet.

Sagamore- Borrowed $300, paid $75.00 bi weekly since 5/27, nothing toward principle yet.

If anyone has any idea of what i can do advice would be greatly appreciated!!!


I was unable to find any of the exact names you have listed in Illinois's payday or consumer installment loan licensee database. The Payday Loan Store is licensed in Illinois, but not Payday Loan Yes. Were any of these loans storefronts, or were they all internet loans?

If the lender is not licensed in Illinois, then you only owe the principal.


lrhall41

Submitted by OVLG Attorney on Wed, 06/30/2010 - 11:26

( Posts: 511 | Credits: )


Quote:

Originally Posted by OVLG Attorney
I was unable to find any of the exact names you have listed in Illinois's payday or consumer installment loan licensee database. The Payday Loan Store is licensed in Illinois, but not Payday Loan Yes. Were any of these loans storefronts, or were they all internet loans?

If the lender is not licensed in Illinois, then you only owe the principal.



Hello,
They are all internet PDL's i have. No storefronts.


lrhall41

Submitted by bernard1301 on Wed, 06/30/2010 - 13:20

( Posts: 6 | Credits: )