Debot Consolidation on PDL's
Date: Tue, 10/11/2011 - 06:49
zip19
247greenstreet
Payday One
Seaside Payday
ChecknGo
I have gathered the information to give to a debt consolidation company. Is that a good route to take? I want this done as quickly as possible without further damage, but don't have a lot of money every month to pay on these.
I should add, we are in a chapter 13 bankruptcy for almost a year now. The attorney said we cannot add anything in after it was confirmed. Also, is there a website that I can go to that lists what PDL's I currently have? I want to make sure I am not missing anything.
Thank you
For starters, you need to CLOSE your bank account ASAP. You hav
For starters, you need to CLOSE your bank account ASAP. You have illegal loans, and they will find a way around your block.
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
You can look up the laws....PDL's in Ohio are permissible with low interest only.
zip19...illegal...in malta...offshore
247greenstreet would assume illegal
Payday One
Seaside Payday...illegal...st kitts...offshore
ChecknGo ...illegal...
DO NOT waste your money on a debt consolidation company.....you only owe principal only!! They cannot take legal action against you!
[FONT=Arial]First you need to close your checking account and ge
[FONT=Arial]First you need to close your checking account and get a new one.
PayDayOne and Check 'n Go are your only licensed lenders. 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 or fees will be charged.
All of your other lenders are not licensed to lend in Ohio. Follow the advice [COLOR=blue]in this thread[/COLOR] to learn how to deal with illegal lenders. You will find sample letters and other useful information, shared experiences, etc. [/FONT]
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You should only repay the principal amount of the loan (e.g. you borrowed $300 and have paid a $90 rollover fee 3X so you only owe them the remaining $30), no fees or interest are payable. Anything you've paid in fees/interest thus far can be subtracted from your principal loan amount. If you???ve overpaid, ask for a refund. Be sure to include ACH debit and Wage Assignment revocation language when you send your letter.
You can also contact the regulatory agency below for further assistance:
Ohio Division of Financial Institutions
77 South High Street
21st Floor
Columbus OH 43215
(614) 728-8400