Update on CCCS consolidating my payday loans
Date: Tue, 03/21/2006 - 19:04
Submitted by AZ Payday Loan Avenger
on
Tue, 03/21/2006 - 19:04
Total Replies: 4
1. Most of the payday loan accounts show as pending meaning they have not replied to the proposal yet but they are cashing the monthly payments.
2. For the first time, in my Experian report there is a collection item related to All Star Cash Advance. the name of the CA is Jefferson Capital System. The OC has not replied to the proposal but they are cashing the payments and my report has not been updated with "being paid" or something similar. I might take this one out of the program and cut a deal with the CA so I can keep my credit report clean. any advice?
3. LoanMart, a store payday lender has rejected the proposal due to the fact it's been given to a CA. The CA, Alliance Asset Management has been calling me ever since the payments started and they refuse to send me anything in writing and CCCS won't send the payments to the CA unless I show CCCS something in writing stating the debt is transferred to the CA. Validation letter on its way soon!! The OC is cashing the payments though.
4. Quick Payday Loan eventually responded to the proposal by rejecting it and asking for 100 bucks a month for a $400 loan which is impossible for me at this point. Looks like they're trying to get as much money as possible before they go bankrupt due to the lawsuit they lost in Colorado! They won't negotiate.
5. One click Cash provided CCCS with the CA's info and a proposal was sent to Pinion Management. Still pending!
6. Cash Advance Network cannot be reached and the check was sent back because of incorrect address. The counseller and I called their number several times and no one answers except for a tape. Their fax does not exist but they still have a website. So I decided to cancel this one as they seem to be out of business!
7. Sonic Payday rejected the proposal asking for a bigger payment but they did not specify what amount. So i asked CCCS to use Cash Advance Network's monthly payment and add it on top of the original proposal. Still pending!
8. Ace Cash Express' suite number recently changed. CCCS asked me to call them up to get the latest address to resend this month's check. Well, CCCS could've done this themselves!!
9. CCCS is telling me to contact all the lenders and ask for monthly statements although this is not normal in payday loan business.
Sometimes I think I should get out of the program and handle each payday lender one by one, especially when they report it to any of the bureaus. I haven't been getting harrassing calls recently and looks like most of them are in legal trouble. I just wish Arizona was a bit more pro-active in fighting these predators.
The one on your credit report if you CAN pay it off, maybe you s
The one on your credit report if you CAN pay it off, maybe you should? It would get them off your back anyway, and more energy could be concentrated on the others.
Cash Advance Network has been shut down according to the New Mex
Cash Advance Network has been shut down according to the New Mexico Financial Division. They registered under a bogus address and wouldn't give their actual location so they pulled their license.
I just talked to them about consolidating my payday loans and th
I just talked to them about consolidating my payday loans and they said that the payday loan companies do not work with them. They would not even consider my payday loans. Look at the budget they sent you and see if they are even on it.
Sign up with CCCS
We just recently signed with them for debt reduction but have not yet even paid our retainer fee, so this information is very timely concerning your problems. All of our creditors are major banks so we may be better off than you but thanks for the information.