Help in NM
Date: Wed, 09/29/2010 - 10:56
American Cash Loans - have used these guys for a year or so, borrow 300, pay off within 3-4 weeks. Now, I have a loan for approximately 900 and I pay 151 every 2 weeks. I have had this particular one for about 2 months.
FastBucks - same as above. Previously had a 1000 loan where I had made some headway in the principal. Then I had to renew for 900 with payments of 187 every 2 weeks. It has been about 6 weeks since the last renewal.
Shamrock Finance - originally opened a 300 loan approximately 3 years ago. STILL paying it off. through renewals, the principal has ballooned up to 800 with a payment of 90 each month. this company actually ran a credit report initially.
For all of these companies, I am considered a "VIP" customer, because I pay. But, I can't get ahead and the nearly 1000 I pay each month is keeping me broke. I just need to get out from under this interest. I don't know what to do. I have other financial crises, in particular a 73,000 defaulted student loan. So these loans are making it difficult to get the student loan out of default.
Should I file bankruptcy? Get a debt consolidation loan? If so, from where? What should I do?
What type of loans are your student loans? If they are federal,
What type of loans are your student loans? If they are federal, they are easy to get out of default.
American Cash Loans and FastBucks are licensed in your state. So
American Cash Loans and FastBucks are licensed in your state. So, close your account and ask them if you can pay them off with some payment arrangements.
Shamrock Finance is illegal in your state. You only owe them the actual amount borrowed.
they are guaranteed student loans. GC Services has them and the
they are guaranteed student loans. GC Services has them and they are wanting to put me in their Wm. D. Ford Loan Consolidation program. My original student loans were about 35,000, with fees, they are now at 73,000. Currently they have a garnishment on my wages for 15%.
OK, so if Shamrock Finance is illegal, where do I go to get prov
OK, so if Shamrock Finance is illegal, where do I go to get prove of this? How do I go about getting out of this.
As for American Cash Loans and FastBucks, they do not take money
As for American Cash Loans and FastBucks, they do not take money out of my account. I pay in cash. As far as I know, they will not make arrangements. They are content for me to pay the interest every two weeks.
OK, so Shamrock Finance is actually Western Shamrock corporation
OK, so Shamrock Finance is actually Western Shamrock corporation.
Check out the following thread to know how to deal with illegal
Check out the following thread to know how to deal with illegal PDL lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
So, can anyone tell me if Shamrock is legal or not in NM. Accor
So, can anyone tell me if Shamrock is legal or not in NM. According to the Western-Shamrock website, they are legal with about 7 locations in NM.
Also, since FB and ACL will not make arrangements, is my best bet to try to get a consolidation loan or just chuck it all and go with bankruptcy?
Shamrock is not licensed in New Mexico. They can write whatever
Shamrock is not licensed in New Mexico. They can write whatever they want in their website, but the truth is they are illegal in NM.