Help I am drowning in pay day loans
Date: Thu, 05/10/2012 - 17:49
I am in Ohio and I have 3 pay day loans . Two are bi weekly and 1 is monthly .
National Cash Advance -558.34
Cashland -546.18
Express 704.00....The Express loan is on the Insight card but I do not have direct deposit set up through the card . I pay back on the 3rd and reborrow the same amount .
I talked with someone who said I need to close my checking account and open a new one at a different bank but I have a loan through my credit union that I have to have a checking account for so closing my account is not an option .Plus I have direct deposit at my credit union .
My question is this ,can I put a stop payment on each place ? If not ,and I just let the checks bounse ,how many times are they allowed to send through the check or the electronic check ? to my bank ?
National Cash Advance -558.34
Cashland -546.18
Express 704.00....The Express loan is on the Insight card but I do not have direct deposit set up through the card . I pay back on the 3rd and reborrow the same amount .
I talked with someone who said I need to close my checking account and open a new one at a different bank but I have a loan through my credit union that I have to have a checking account for so closing my account is not an option .Plus I have direct deposit at my credit union .
My question is this ,can I put a stop payment on each place ? If not ,and I just let the checks bounse ,how many times are they allowed to send through the check or the electronic check ? to my bank ?
What state do you live in??? And please, register with the comm
What state do you live in??? And please, register with the community...you will get notifications of answers to your questions.
I'm guessing that you are from Ohio and it seems to me that out
I'm guessing that you are from Ohio and it seems to me that out of the three lenders, only National Cash Advance has a somewhat shady operation (DE based and has been sued on multiple occasions for various offences). The other two lenders are legit. You will need to negotiate some kind of a repayment plan with them.
