Payday loan in Michigan - Bounced Check

Date: Sat, 07/09/2011 - 05:31

Submitted by anonymous
on Sat, 07/09/2011 - 05:31

Posts: 202330 Credits: [Donate]

Total Replies: 3

I have two payday loans in Michigan and am having trouble paying them every two weeks. The interest is killing me and I would love to pay them off but can't afford my other buills if I do this. If my checks bounce can I make small payments every week to clear this up?

Though payday lending is legal in Michigan, you need to check ou

Though payday lending is legal in Michigan, you need to check out whether or not your payday lenders are licensed to operate in your state. You can find this out by contacting the Michigan Office of Financial and Insurance Services. If you find that they are not licensed, then you can pay them the principal balance and get rid of the debts. If you find that they are legal, then you can go for the option of payday loan consolidation and try to pay off your debts in an affordable manner.

lrhall41

Submitted by Anna Sweeting on Sun, 07/10/2011 - 21:01

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I think Anna is right. If your financial condition doesn???

I think Anna is right. If your financial condition doesn???t permit you to repay your debt in full, then you can negotiate with your lenders. You may try to settle the debts on your own. If it is not possible for you to negotiate yourself, then you may get help from a reliable debt settlement company. The following link may help you in this regard:
http://www.debtconsolidationcare.com/paydayloan-settlement.html

lrhall41

Submitted by sally.nachelle on Mon, 07/11/2011 - 05:13

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Or you can just tell us the names of your lenders. How much d

Or you can just tell us the names of your lenders.
How much did you borrow from each and how long have you been making these "interest payments"?
How much have you paid so far?
Did you get the loans via the internet?

lrhall41

Submitted by OhioGal1 on Mon, 07/11/2011 - 10:42

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