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Are they hard to dealing with

Date: Mon, 04/10/2006 - 15:20

Submitted by cmhumiston
on Mon, 04/10/2006 - 15:20

Posts: 43 Credits: [Donate]

Total Replies: 9


Has anyone delt with Check N'go, Fast Cash Loans, Advance Til Payday, Checkmate, Cash N Advance, Loan Mart, Advance America. I wanted to know if they are hard at dealing with when you default on a payment.


What to Expect in Washington State

Quote:

* Maximum Loan Term: 45 days
* Maximum Loan Amount: $700
* Maximum Fee: 15% on the first $500

10% above $500

For Example: A loan for $500 + $75 fee = $575

A loan for $700 + $95 fee = $795

Under the Truth in Lending Act, the cost of credit must be disclosed. Among other information, you must receive information outlining the finance charge and the annual percentage rate (apr). The APR informs you of the cost of your loan. For example, a 14-day, $500 payday loan with the maximum fee permitted by statute would have an APR of 391.07%.

Click this link and scroll down to:
REQUIREMENTS FOR CHECK CASHING AND MAKING SMALL LOANS (PAYDAY LENDING)
http://apps.leg.wa.gov/wac/default.aspx?Cite=208-630
This has all the rules and regulations for those places listed.


Attorney general - Rob McKenna

STATEWIDE TOLL FREE NUMBER
800-551-4636

Consumer Resource Centers:

Bellingham - Island, San Juan, Skagit and Whatcom Counties
Address:
103 E. Holly Suite 308
Bellingham, WA. 98225
Telephone: 360-738-6185
Fax: 360-738-6190

Kennewick - Southeastern Washington
Address:
500 N. Morain St. Suite 1250
Kennewick, WA. 99336-2607
Telephone: 509-734-7140
Fax: (509)734-7290

Seattle - North King, Snohomish, Clallam and Jefferson Counties and Bainbridge Island
Address:
900 Fourth Ave. Suite 2000
Seattle, WA. 98164-1012
Telephone: 206-464-6684
Fax: 206-464-6451

Spokane - Eastern Washington
Address:
1116 West Riverside
Spokane, WA. 99201-1194
Telephone: 509-456-3123
Fax: 509-458-3548

Tacoma - Pierce, Mason, Grays Harbor, Kitsap, and South King County
Address:
PO Box 2317
Tacoma, WA. 98401-2317
Telephone: 253-593-2904
Fax: 253-593-2449

Vancouver - Clark, Cowlitz ,Pacific, Skamania, Wahkiakum, Lewis, and Thurston Counties
Address:
1220 Main St. Suite 549
Vancouver, WA. 98660-2964
Telephone: 360-759-2150
Fax: 360-759-2159


Hope you find this information useful.


lrhall41

Submitted by dcashwell3 on Mon, 04/10/2006 - 16:32

( Posts: 379 | Credits: )


Quote:

Know Your Rights and the Law

* You have the right to change your mind about the loan within one day.
* You have the right to know all of the costs involved.
* You have the right to a payment plan.
* A payday lender may not threaten criminal prosecution as a method of collecting a past due loan.
* Paying off an old loan with a new loan may be illegal.


lrhall41

Submitted by dcashwell3 on Mon, 04/10/2006 - 16:45

( Posts: 379 | Credits: )


cmhumiston,
Hi there. I have loans with Advance til Payday,Advance America,Loan Mart,and Checkmasters also. I have turned all of them over to T&C. Even though T&C has said they contacted Advance til Payday they are still calling me and sort of threatening to proceed "legally" if I don't call them and set up payments with them. I am sending an email to T&C tomorrow to ask them to call ATP again. Advance America played sneaky and cashed the check after I had put a hold on the check. Unfortunately my bank's computers were down at the time so they did not see the stop check request when the check was brought in.
I talked with my bank today and while they were not able to reimburse the check that was cashed they were nice enough to take off the nsf/overdraft fees that have accrued and she took off the charge for the stop check even though it covered 4 other checks. I was able to change my direct deposit to a different bank so I don't have to worry about anyone else sneaking a check in. Everyone else seems to be cooperating so far. I really hope it stays that way.


lrhall41

Submitted by celticlass_4 on Mon, 04/10/2006 - 18:33

( Posts: 134 | Credits: )


Hello cmhumiston,
I have dealt (and also am dealing with) Advance Til Payday and Checkmasters. Advance Til Payday was very weird in their approach at collecting the debt. They will continuously try to deposit the check you write to them because I saw on my supposedly 'closed' bank account, that Advance Til Payday tried to deposit the check about 8 times in the last 4 months and of course I keep getting NSF fees (which now mount to over $800 on a closed account!). Checkmaster's is a little nicer and they have agreed to settle for a payment plan but it's hard to e-mail the person because sometimes the e-mail's come bouncing back saying there is no existing e-mail BUT I get a reply from that person...kinda strange but I have prolonged the payment plan and am working on my last payment with them to pay off everything.
Money Tree has been the friendliest as far as paying back the loan...they haven't really done much but maybe call once every two weeks or so and just leaves a message with a phone number to call.
I hope this helps.
Thanks!
I'm in Washington State too!


lrhall41

Submitted by quesik on Tue, 04/11/2006 - 10:16

( Posts: 108 | Credits: )


Hello cmhumiston,

Yes, they called my references and well, I actually changed jobs but I did get a call from my old workplace saying there's been constant phone calls from people that would not mention their names (so it must've been the payday loans people). Advance Til Payday calls all the phone numbers that you provided and so it's not such a great place to borrow from. How much are you looking to borrow? I'd say don't borrow from any of these companies but instead get some money for lending from family/friends first but if you have to resort to payday loans, I'd go with Moneytree as they have been the more friendly, and flexible company that I've dealt with. I have not paid them back yet but they don't bother me everyday...I don't think Moneytree even called my references because my friends have mentioned getting calls from these other companies but never was it Moneytree.
Hope this helps.


lrhall41

Submitted by quesik on Tue, 04/11/2006 - 11:25

( Posts: 108 | Credits: )