Does any of this Payday Loan stuff get reported?
Date: Fri, 03/31/2006 - 12:57
I was wondering in the midst of all these Payday loan people threatening and calling to make these things a legal matter....
Does any of this get put on the Credit Report? I'm wondering this because if the loan is not paid, they send it to a collection agency and I'm just wondering if they report it on your credit? This would be bad if so because I have several payday loans I have not yet paid and it's been well over 3 months. My credit score is already low as it is but this would hurt more :(
Thanks!
Personally I haven't had any report to the credit bureaus. I ha
Personally I haven't had any report to the credit bureaus. I have been threatened with it several times, but they never reported.
Also visit this page for more on Teletrack http://www.debtcon
Also visit this page for more on Teletrack
http://www.debtconsolidationcare.com/forums/teletrack-report.html
Yes,I had one payday loan go the a collection agency call SIMMs
Yes,I had one payday loan go the a collection agency call SIMMs and they have reported it to all three credit bureaus.
Twokid, Simm's reported you? I'm going to have to check my c
Twokid,
Simm's reported you? I'm going to have to check my credit reports for the ones that did go to collection then. Any update with the Simm's/Gecc matter?
Yes,I checked my report a few days ago,and there it was.I have s
Yes,I checked my report a few days ago,and there it was.I have sent 3 emails to GECC,with all the information from Va.about them not being license and how they charged me more than the allowed interest,but they have not contacted me back yet.Im still paying SIMMs thru consolidation,so Im not sure what to do now,I sent a complaint to the AGs office,but I have not heard back from them either.I really dont like having to pay all this interest,since Ive already paid now 3600 dollars for this 600 dollar loan,it really burns me that I still owe SIMMS 1900 dollars.I guess my next move would be to take them to court,but lawyers arent cheap.
All Star Cash Advance has also reported me to Transunion and Exp
All Star Cash Advance has also reported me to Transunion and Experian and their collection agency is Jefferson Capital Systems.
I've had several and have been threatened many times to be picke
I've had several and have been threatened many times to be picked up at work and arrested, reported to CRAs, etc. but none of that has happened. Never seen them pop up on any credit report. I plan to consolidate with T&C by the end of next week, so I'm hoping to just get them paid and out of my life. Never EVER get a payday loan. EVER!
Now Im really getting mad,I have paid Zip cash,4 payments thru c
Now Im really getting mad,I have paid Zip cash,4 payments thru consolidtion,my balance was down to 342 dollars,but they sent it to Riscuity anyway,and now Riscuity has reported it to the credit bureaus,and the balance is now 482 dollars.So now SIMMs and Riscuity are on my credit report,somedays you just cant win for losing.
Riscuity is trying to collect on our loan with Zipcash also. On
Riscuity is trying to collect on our loan with Zipcash also. Only problem is, Zipcash is paid in full. I have the proof that they are paid.
Twokid, Did you send a validation request to Simm's and Riscu
Twokid,
Did you send a validation request to Simm's and Riscuity?
GECC and Zip Cash informed me that they were sent to these colle
GECC and Zip Cash informed me that they were sent to these collection agencies,but Zip took payments from my consolidation company and still sent the full balance amount to riscuity.I still have not heard anything from GECC,they will not respond to my emails anymore.Mshele,did you email GECC or call them,and what email address did you use,I have just been using the one from the website.I know its my debt,but Im still upset about all the interest that Im paying,and now to make matters worse,they have reported to the credit bureaus,when I have been making payments for the last 5 months.I quess GECC thinks its not their problem anymore since they sent it to SIMMs.Simms is not the lender that charged me all this interest,they are just a collection agency.Its seems to be a no win situation. :(
payday loan hell
I just discovered this site today and it is good to hear comments from people in the same situation as me. I currently have several payday loans because my credit sucks but am trapped now as the rollover/extension fees are more than $1900/mth which is now more than my take home pay after my rent is paid. I have no idea what to do. ANY advice would be helpful. It's weird that there isn't a niche out there for people like me as I could afford to pay $800/mth comfortably to a bank or loan company if they would loan me $5000 to pay off my current payday loans. I paid $12,000 in extension fees in 2005.
Stewart, It seems you are out to shop a loan that will cover
Stewart,
It seems you are out to shop a loan that will cover all your existing payday loans. This might not be a good idea as another loan to pay off your debts will take you in deeper debt. Why don't you consolidate your payday loans? Members of debt consolidation Care community have consolidated their payday loans. Please register with this site to know your options.