I need help and have so many questions.
Date: Tue, 06/08/2010 - 18:01
Any help would be so apprieciated.
a few things that would help anyone to be able to answer your qu
a few things that would help anyone to be able to answer your questions:
1. what type of payday loans do you have? Are they internet or storefront?
2. where do you live?
3. which companies do you owe?
4. how much were the original loans for and how much have you paid on them?
This will help the folks here to help you help yourself.
Ok I talked to my husband and he said we have 4 loans out throug
Ok I talked to my husband and he said we have 4 loans out through 3 companies
Storefront
Live in Utah
We owe:
Checkpoint - $750
Check N Go - $350
EZ Loans - $450
All three only let us extend loans for a few weeks then we have to pay them off. Then we end up having to take them right back out to extend or pay off another one. It is to the point now where we won't be able to afford to extend them pay them off or pay our current bills. I am scared they are going to take money out of our bank account then we will be so overdraft we will never be free of this:(
Taysha, you have begun 2 threads, which causes a lot of confusio
Taysha, you have begun 2 threads, which causes a lot of confusion, please don't start multiple threads, try to keep all your information in one place, meanwhile, I am moving this to the payday loan help section.
I will return with some advice, hang on while I do some research
I will return with some advice, hang on while I do some research.
Your payday loan laws are at the link below: paydayloaninfo.org/
Your payday loan laws are at the link below:
paydayloaninfo.org/stateinfo/UT.asp
Two of your payday lenders are listed as members of the CFSA ( Community Financial Services Association of America), the other one may be a member as well, but you will need to call and ask them.
See the link below:
http://www.cfsa.net/MemberList.aspx
This is good news because it means you are eligible for an extended payment plan, but they won't tell you about it, you have to ask for it, see the link below to read about it:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
Sorry bout the multiple threads I wasn't sure how to work this s
Sorry bout the multiple threads I wasn't sure how to work this site.
I will ask the 3rd one if they are but I doubt it he is a pawn shop/payday loan place.
I am starting to read about the epp and it sounds like I can jus go in and ask for it and then i would have 4 payments to pay it off in full?
Quote:Originally Posted by Taysha FeltonSorry bout the multiple
Quote:
Originally Posted by Taysha Felton Sorry bout the multiple threads I wasn't sure how to work this site. I will ask the 3rd one if they are but I doubt it he is a pawn shop/payday loan place. I am starting to read about the epp and it sounds like I can jus go in and ask for it and then i would have 4 payments to pay it off in full? |
that is correct,but speak with the manager not an employee.the manager is the only one who can do this,but you must go in before your due date.
Will it be 4 monthly payments or does it vary how they break it
Will it be 4 monthly payments or does it vary how they break it out depending on the company? I am scared I won't be able to afford 4 equal payments to two companies if it is more than once a month
Quote:Originally Posted by Taysha FeltonWill it be 4 monthly pay
Quote:
Originally Posted by Taysha Felton Will it be 4 monthly payments or does it vary how they break it out depending on the company? I am scared I won't be able to afford 4 equal payments to two companies if it is more than once a month |
well,the best practices states the EPP be four equal payments,and the amount is frozen.meaning they can't charge interest.two pdl's.i would consult your husband on this.maybe do the EPP on the greater of the two.then when you have one payment left.invoke the EPP on the other.a pain,but might be a way to handle it.
I think that is great advice to do the epp on one then wait, my
I think that is great advice to do the epp on one then wait, my husband gets paid weekly though will they want 4 equal payments weekly? If so then there is no way we can manage that:(
Quote:Originally Posted by Taysha FeltonI think that is great ad
Quote:
Originally Posted by Taysha Felton I think that is great advice to do the epp on one then wait, my husband gets paid weekly though will they want 4 equal payments weekly? If so then there is no way we can manage that:( |
no i think it's at least every other week.if not once a month.the manager should be able to work with you on that though.