logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Payday Loan HELP!!!!!

Date: Sat, 09/10/2011 - 07:22

Submitted by slorenzomiami
on Sat, 09/10/2011 - 07:22

Posts: Credits: [Donate]

Total Replies: 4


I've finally have the nerve to post after reading so many stories. Believe me they have been encouraging and hopefully will get me out of this HORRIBLE HORRIBLE mess I am in. I am so scared that I am going to lose my mind & sanity. I need to get this under control!!!!!!

I've taken 9 Payday loans. I have paid some, but can not continue. It is affecting my other bills even my mortgage!!!! I resdie in Florida. Here is the list of loans.........

Advantage Cash loans
Collect 500
EZ Payday Cash
East Side Lenders
Integrity Advance
One Click Cash
Zip19.com
Advance America (store front)
National Group

I'd like to know what I need to do to get my life back!!!! I will be closing my bank account on Monday, but i need to know what tod o after that. PLEASE HELP!!!!

Thanks!


Hi slorenzomiami,

Unfortunately enough, payday lending is legal in Florida. So, before doing anything else, you need to check out whether or not these payday lending companies are licensed to operate in your state. For that, you need to contact the Florida Office of Financial Regulation. They will let you know which of your payday lenders are licensed and which are not.

You need to pay only the principal amount to those payday lenders which are not licensed to operate in your state. For those payday lenders, who are licensed to operate in your state, you will be liable for paying them the principal balance as well as the interest charges and other fees. In that case, you can contact the professional debt relief companies and check out if you can consolidate those debts.

Take care.


lrhall41

Submitted by savion.parker on Sun, 09/11/2011 - 20:08

( Posts: 117 | Credits: )


I agree with my previous posters. If the lenders are not licensed, then you can check out the given page to know how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

The contact detail of the Florida Office of Financial Regulation is as follows:
# Address - Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399
# Phone - (850) 410-9805
# Fax - (850) 410-9748


lrhall41

Submitted by sally.nachelle on Tue, 09/13/2011 - 05:24

( Posts: 275 | Credits: )


First you need to close your checking account and get a new one.

Advance America is your only licensed lender. If you're having difficulty paying them, ask them to put you on an extended payment plan. They should break up your current balance into 4 equal payments, due over your next 4 pay dates. No further interest will be charged.

All of your other lenders are not licensed to lend in FL. You should only repay the principal amount of the loan (e.g. you borrowed $300 and have paid $90 rollover fee 3X so you only owe them $30), no fees or interest are payable.

Follow the advice [URL="http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html"]in this thread [/URL]for how to deal with illegal lenders. You can also contact the regulatory agency below for futher assistance:

[URL="http://www.flofr.com/"]Florida Office of Financial Regulation[/URL]
Division of Securities and Finance
200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748


lrhall41

Submitted by OhioGal1 on Tue, 09/13/2011 - 08:17

( Posts: 5253 | Credits: )