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Missouri Pay day loans

Date: Fri, 06/10/2011 - 20:14

Submitted by anonymous
on Fri, 06/10/2011 - 20:14

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have 4 payday loans out and can't keep up with the payments and am getting behind on my other bills. I am thinking of closing my checking acct and trying to get them to agree to payment arrangements.
I am in Missouri
the loans are My Cash Now which is not licensed in MO and is in Anguilla so not sure how that works. I borrowed $900 and have paid them $848 so far and still owe $830
CashNet USA $450 borrowed and owe $506 I have paid them about $265 I think they are licensed
Ace Cash Express borrowed $475 nothing paid yet they are licensed
These 3 are online and I have one From Check into cash a store that I borrow $500 and pay it off each pay check and then take it back out so that is a vicious circle I am going to see if they are part of CFSA and can do an EPP.
Any other suggestions I have had others and gotten those paid down but am struggling now as I feel the fees from these are taking too much out of my paycheck and I cant get other things paid.
Thanks this is a great forum I have gotten great info on here.

I also had a loan with Advance Me Today and paid them twice what I borrowed but finally got it paid off but I had sent them the letter that they were not legal in MO and they said there were a St Vincent co and regulated by the US not by state..was that a bunch of BS or is that true?


Those payday lenders who are licensed to operate in your state, will be able to claim the principal balance as well as the interest and the other fees. Those payday lenders who are not licensed to operate in your state will be able to claim only the principal balance. If you paid off more than the principal balance to the unlicensed payday lenders, then you should ask for a refund from them.


lrhall41

Submitted by Anna Sweeting on Sun, 06/12/2011 - 20:40

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We are looking for representative plaintiffs in a class action against pay day lenders, especially online lenders. Please send me an email with your contact information as we will contact you or you may call our firm at DELETED.PM Thanks.

sorry no solicitory numbers or emails.


lrhall41

Submitted by Sam I Am on Fri, 10/28/2011 - 10:22

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I agree with Anna. You will be responsible for both the principal and interest, if the lenders are licensed in your state. In this case you may try to arrange a better repayment plan with them. You may also get help from a professional debt relief company. If the lenders are not licensed, then you can get rid of the debts by paying them only the principal amount. Close your bank account asap to stop unauthorized withdrawal. Illegal lenders can???t take any legal action against you. You may visit the following link to know about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


lrhall41

Submitted by sally.nachelle on Mon, 10/31/2011 - 23:07

( Posts: 275 | Credits: )