Too many PDLs & can't pay them off!
Date: Wed, 07/06/2011 - 11:01
We live in TN
Cash Express - 230.00 & 230.00
Advance America - 330.00
Check into Cash - 488.17
Those above are with the fees.
Also we have some small installment loans. Those aren't a huge issue and are more easily managed.
But on payday Fridays I now have to spend my entire lunch hour plus some to go to each of these places and renew the loans. It is costing me over 150.00 a paycheck and we can't afford it!
Help...is anyone aware of if these establisments offer installments to pay down? Payday is coming up and I would rather not, but I also do not want these checks to hit my bank.
I just don't know what to do...it's overwhelming. Payday is supposed to be exciting, not gut wrenching!
Payday lending is legal in Tennessee. You need to contact the Te
Payday lending is legal in Tennessee. You need to contact the Tennessee Department of Financial Institutions in order to find out whether or not your payday lenders are licensed to operate in your state. You don't have to renew the payday loans. You should take steps in paying off the debts in full and get rid of them. You can even negotiate with your creditors and consolidate the debts to pay them off.
Why are you renewing the loans on paydays? Stop renewing them. I
Why are you renewing the loans on paydays? Stop renewing them. I don't know why so many people take out payday loans and get into debt problems every year. Anyway, if these payday loan companies don't have license to work in your state, then pay back the original amount and get rid of the debt. If they are licensed, then you should try to settle the debt asap. You can get help of pdl debt settlement company regarding this matter.
I completely agree with Anna. You can contact with the Tennessee
I completely agree with Anna. You can contact with the Tennessee Department of Financial Institutions to know whether or not payday loan companies from where you have taken the loan are licensed in your state. If they are licensed, then you will have to pay the principal amount with interests and other charges. Otherwise, you are only required to pay the principal amount. If your financial condition doesn???t permit you to repay your debt in full, then you may get a secured loan to repay the existing debts. The interest rate on this loan is lower as compared to the other loan.