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What should I do? Payday loan issue

Date: Thu, 07/20/2006 - 13:05

Submitted by anonymous
on Thu, 07/20/2006 - 13:05

Posts: 202330 Credits: [Donate]

Total Replies: 3


After reading I see that most of you understand my situation. I got myself into too many payday loans and now I am suffering. I have one that I did not pay last week and they deposited my check and it bounced of course. The store told me it will now be handled by their collections department. What normally happens. I will not be able to pay the total at one time. Will they normally let you make payments of some sort? The place is called The Cash Store and it is located in Texas. Any comments from you guys would be appreciated.

Thanks


I am going through the same situation. My suggestion is talk to the lending company and let them know about your present financial conditions. They want to get their money back. Assure them that you are keen to clear the account provided if some extensions can be offered to you. Cash Store seems to be local storefront lender. They might be pretty much easier to work with in comparison to internet lenders. You need to know their moves before you can think about other possible options.


lrhall41

Submitted by IncredibleHelp on Thu, 07/20/2006 - 13:25

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I'm not sure if they are the same, but I had a loan out with The Cash Store in Wisconsin and they have been accepting my payments through my debt management program. I get calls every once in a while from the collection agency asking if I'm able to pay the balance off and I just keep telling them no and that my payments will keep coming.


lrhall41

Submitted by PinkLady on Thu, 07/20/2006 - 13:29

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Breezy..since this is most likely a store front lender, they are probably legal in your state. Your better off calling them and making some sort of arrangements with them before they try to sue you.
Most of those places will work with you, as long as you make good on your promise to pay.


lrhall41

Submitted by erzeke1 on Thu, 07/20/2006 - 13:44

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