logo

Debtconsolidationcare.com - the USA consumer forum

Help Need with payday loan in missouri

Date: Sat, 04/23/2011 - 08:26

Submitted by ins
on Sat, 04/23/2011 - 08:26

Posts: 8 Credits: [Donate]

Total Replies: 10


I am caught in a terrrible cycle with payday loans. I need help to get out of this and get my life back on track I need the steps to do it and the laws in Missouri.
I just keep making it worse by getting more just to live and pay the others I NEED OUT of it.:sad:


Payday loans are legal in MO. However, they must be licensed. The first step you can take is to close your checking account so no further withdrawals are made, and then negotiate repayment with the lenders on your time table.

Please list the lenders and the amounts borrowed. We can then see if they are licensed to do business in your state.


lrhall41

Submitted by aubrey on Sat, 04/23/2011 - 09:59

( Posts: 1203 | Credits: )


Eastside lenders -500.00
My Cash Now 500.00
Payday Loan Yes 300.00
Advance America 500.00 store
King of cash 800.00 Store
Cash USA 300.00
Sigma 200.00
All are from internet except the two stores.
Then I have a cash Call that I think I am going to be in debt to the rest of my life for 2500.00


lrhall41

Submitted by ins on Sat, 04/23/2011 - 13:44

( Posts: 8 | Credits: )


The only ones I found licensed are Advance America and Cash Call. You should close your checking account to safeguard your funds. File complaints to your state: www.paydayloaninfo.org/state-information/33 for the internet lenders.

Once your account is closed, send them a letter/e-mail telling them they are illegal in your state and you've filed complaint. If you haven't paid them back anything, you should make arrangements to repay them the amount that you borrowed.

You will have to make some kind of payment arrangement with Advance America and Cash Call since they are legal.

I apologize for not getting back to you sooner, but I had a family emergency. If you need a sample letter, let me know.


lrhall41

Submitted by aubrey on Fri, 04/29/2011 - 12:55

( Posts: 1203 | Credits: )