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payday loan helllp

Date: Sat, 09/11/2010 - 14:13

Submitted by Ken Yaecker
on Sat, 09/11/2010 - 14:13

Posts: 39 Credits: [Donate]

Total Replies: 5


I need some help if there is a kind soul to respond. I have 6 cash advance loans with local advance stores and 3 internet loans. It was suggested to me by a credit counselor (after reviewing our financial situation) to either file bankruptcy of close my bank account and negotiate paying off the loans as fast as I can. I have about $1,200/month in fees and can't get on top of them and my bills. What is the best way, or suggestions to attack this problem? What kind of notice should I give them? What things to know in advance will be of help? Tuesday is payday and the internet loans will attempt to access my closed account. (the account was closed and can not be accessed or connected to my new account at all.) The local stores of course have post dated checks which will not be honored should they try to deposit them. I fell I should tell them in person what my intentions are and plan to make payments to them to get the loans paid. Does this sound like a solid plan? Thank you for any help. -Ken


Quote:

Originally Posted by paulcahill80
Since your payday is on Tuesday, I don't see you have much time. Please quickly give us the following information so that we can help you:

Name of your state.
Names of the lenders.
Amount borrowed from each of them.
Amount paid back.
Which are internet/store front.


California
INTERNET:Advance me today ($300) $90fee
VIP Loan (gloot) ($550) $140fee
VIP Loan (same as above under a diff name) ($300) $90fee
STORES:Advcance America ($300)
Check into Cash ($300)
Check n Go ($300)
ACE ($300)
Money Mart ($300)
Calif Check Cashing Co. (with western union) ($300)
All the stores have been paid back every payday then re advanced. The internet loans (the top 3) i have only been paying the interest off every payday. still owe the principle.As mentioned b4 my bank account is closed, but I don't want to appear I am a deadbeat on paying. I just need to slow things down a bit and pay them offin the largest amounts I can while maintaining my autoloans utilities etc..Thanks soooo much for any help!! -KEN


lrhall41

Submitted by Ken Yaecker on Sun, 09/12/2010 - 09:41

( Posts: 39 | Credits: )