I need help with payday loans
Date: Fri, 08/20/2010 - 08:49
Unfortunately yes, they are all legal lenders. However, let me d
Unfortunately yes, they are all legal lenders. However, let me do a little research and get back to you with some suggestions on how to resolve this. I do have a couple of questions first though;
Have you written any post dated checks on any of these loans?
Which lenders are directly debiting payments from your account?
By the way, The First Bank Of Delaware is not a payday lender, t
By the way, The First Bank Of Delaware is not a payday lender, they are a bank, so they are not required to follow the payday loan laws.
All of my storefront loans have postdated checks, and Cash net u
All of my storefront loans have postdated checks, and Cash net usa and the bank of delaware are debiting my account.
There are a few of your store front lenders who are members of t
There are a few of your store front lenders who are members of the CFSA (Community Financial Services Association of America), this means you are eligible for an extended payment plan, but they won't tell you about it, you will need to request it, and they MUST allow you to sign up for it because of their membership with the CFSA. Read about the extended payment plan at the link below:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
The following lenders you have a members of the CFSA:
Advance America
Check Into Cash, Inc.
Express Check Advance
Quote:Originally Posted by betty rogersAll of my storefront loan
Quote:
Originally Posted by betty rogers All of my storefront loans have postdated checks, and Cash net usa and the bank of delaware are debiting my account. |
OK, thank you.
Cashnetusa also offers and extended payment plan, so you could ask them for that also.
My suggestion would be this; Ask the stores who are members of t
My suggestion would be this;
Ask the stores who are members of the CFSA for the extended payment plan.
Ask Cashnetusa for the EPP.
Unless you have other resources to pull from you are going to need to do what you are doing now to keep up with these lenders, with the exception of the EPP lenders, as soon as you have paid them off, then pay off one lender at a time until you have them all paid off.
FBD, is not an easy lender to deal with and they charge an outrageous interest rate, but if you don't pay them, they can and will eventually sue you, so you will need to do whatever you can to come up with a plan to pay them off.
I will take your advice and ask for the extended plans, however
I will take your advice and ask for the extended plans, however I read in the laws for Mississippi that rollovers, renewed or extended was prohibited not allowed or did I miss read the laws?