Storefront payday loans in Nevada ASAP Defaulting

Date: Wed, 04/07/2010 - 09:26

Submitted by trapped in nevada
on Wed, 04/07/2010 - 09:26

Posts: 7 Credits: [Donate]

Total Replies: 2

Over our heads in debt to payday loan companies in Nevada. Wanting to pay them what we owe but need to make a payment plan arrangement. All the research I have completed in the last two days, tells me to : open a new bank account, close our existing bank account, ask the branch manager to place a HARD DEBIT BLOCK on the account, send out letters to all the payday loan companies revoking authorization to debit our bank account, have a total of actual original loan amount and interest fees.
My QUESTIONS are: Is this the legal way to approach our situation? Is there a certain form to use or format for the revocation letter? What exactly do I need to share with the bank manager as to why we want a HARD DEBIT BLOCK?
Today is Wednesday, the payday loan checks will go to the bank on Monday, so I need to act quickly. We have every intention of repaying, we simply need additional time as we are so over our heads that we cannot even make our rent payment if we pay a single loan so it is time to do something different and ASAP. PLEASE assist us if anyone can. Any help/suggestions are greatly appreciated.

Thank you!

Be careful when dealing with store front lenders, what are the n

Be careful when dealing with store front lenders, what are the names of them? You could be eligible for an extended payment plan if they are members of the CFSA (Community Financial Services Association of America), check the link below to see if any of your lenders are members:
http://www.cfsa.net/MemberList.aspx
Read about the extended payment plan:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
Also, read your payday loan laws at the link below:
http://www.paydayloaninfo.org/stateinfo/NV.asp

lrhall41

Submitted by Shazzers on Wed, 04/07/2010 - 09:37

( Posts: 17344 | Credits: )

Hi Shazzers, I did see where we are entitled to a 90 day extensi

Hi Shazzers,
I did see where we are entitled to a 90 day extension so to speak for our state of Nevada. I still do not know exactly how to make our plan of action. I need help with like a plan. Like what to do 1st, 2nd, etc. Can you help?

Thank you!

lrhall41

Submitted by trapped in nevada on Wed, 04/07/2010 - 11:07

( Posts: 7 | Credits: )