Help getting rid of payday loans

Date: Sun, 03/04/2007 - 10:26

Submitted by anonymous
on Sun, 03/04/2007 - 10:26

Posts: 202330 Credits: [Donate]

Total Replies: 52

Please help me with getting out of this payday loan trap. I've tried everything that I could to find a loan to wipe them out. Now I have ten of these blood-sucking loans. I can't pay my bills and I'm working overtime just to pay their financing fees not even reducing the actual amount. I know I've paid them ten fold. I have only one store front here in Tampa, FL all the other ones are internet. I feel so awful that I have got myself into this mess. Do debt consolidators help? Everytime I search the internet I get more of those offers instead of help.

Need help also!!!

I really appreciate if anyone can help me figure a way out of my mistakes.

I reside in California
All my payday loans are storefront.

Check N Go
$2600
Cash Plus
$300 - $40 fee every 2 weeks.
Check 2 Cash
$300 - $45 fee every 2 weeks.
Check into Cash
$300 - $45 fee every 2 weeks.
California Check Cashing
$300 - $45 fee every 2 weeks.
Fast Auto Loan
$299 - $39 fee every 2 weeks.
USA
$200 - $36 fee every 2 weeks.

I really appreciate any information and help.

lrhall41

Submitted by tommyhtruong on Fri, 09/30/2011 - 10:13

( Posts: 21 | Credits: )

Since your lenders are all legal, you have limited options. I

Since your lenders are all legal, you have limited options.

I suggest you go into each store and ask for an extended payment plan. Those with a CFSA logo are required to give you one in accordance with their membership. The others aren't. CA stipulates repayment plans are voluntary for the lenders but no fees can be charged if they do agree.

If you can't work something out with them, you can try having the regulatory agency listed below contact them on your behalf or at least get some additional advice.

Also, keep in mind that, sometimes, it's better to default and work out a payoff with the collections department.

California Department of Corporations
Financial Services Division
1515 K Street, Suite 200
Sacramento CA 95814
Phone: (866) 275-2677

lrhall41

Submitted by OhioGal1 on Mon, 10/10/2011 - 06:16

( Posts: 5253 | Credits: )