payday loan help

Others better equipped to help you will be along shortly. I've provided a summary of ND PDL laws...this might help you sort through your situation a little bit.

You can write a letter (make 2 copies) revoking the wage assignment. Send the first to the PDL, and get a return receipt. Show the second copy to your payroll department, and explain that no company is authorized to touch your wages, short of a judgement.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

You stated that one company was pleasant to deal with, be prepared for some nasty calls from other companies. They may threaten you with arrest or prosecution, but these are idle, illegal threats. Best of luck to you.

PS: Make sure you file complaints with your AG/DFI against any company that mistreats you

Dear Scared,

Have you contacted each of these companies to see what kind of payment arrangements can you make? Advance America is a good company to work with because they are willing work with you to get the debt paid.

Read your state laws regarding payday loans. In many states, the loans are considered illegal.

Have you considered resolving the other ones with debt consolidation? There are many debt consolidation companies out there, many of which have information on this message board. If you are considering debt consolidation through a company, please read information on the different types of companies that work with payday loans on this website. Be forewarned that these companies charge a fee to begin with their services. Also, you may want to consider the Do It Yourself method found on this website. It can help you out alot and save you so money.

Good luck to you.

Scared, please list the companies that you have loans with, the amount you borrowed and the amount you have already paid back. There are alot of us here who will probably have dealt with the same companies that you are dealing with, we can tell you the best approach to use. If you have paid a long time, you may get some marked paid in full and we have seen some refunds also. Please list the requested information and someone will be along to help you shortly. Get ready to do some letter writing and some emailing, we will help you get through this. Hang in there, we are here to help. Goodluck

god bless you all!!! i have felt so alone in all this. It's nice to know that I am not the only one in this situation. It was stupid and i will never set foot in another payday loan place. The following is the list of companies I owe and the $ amount.
-Advance America, $600.00. (they have agreed to take 50.00 payments every two weeks). They are great to work with.
-America Cash, $480.00 ( I haven't worked up the nerve to contact them or any of the others yet)
-Mr. Money, $600.00
-Payday Express, $360.00
-Cash Connection, $600.00 (Think I might go in next week and just pay this one off. The day I took this one out I also closed my account later that day and it appears that under ND law they can pursue criminal charges if you close your account the same day you take out the loan)
-Tremont Financial, $600.00 (This is the online one out of Sioux Falls, SD)
Again, thank you all for your advice and direction. I have been so stressed I can't eat or sleep.

scared -

which are the storefront loans, and which are the internet? Also, can you tell us how much you've already paid towards them? That will help us to provide better advice for you.

All of them are storefront except Tremont. I haven't paid anything on them yet. I have had all these loans and rolled them over and paid them off so many times I can't count. But it is the cycle of having to pay a couple off then take out a couple to pay the others off and so on and so on.

At this point I owe exactly what I listed above. Except for Advance America. I forgot to include the 20.00 return check charge they are charging me.

I did also check into debt consolodation. I have found out that there are two programs. Debt consolodation and debt settlement. I have spoken to four different companies who have all told me that they no longer deal with payday loans because payday loan companies won't work with them. I also had an appoinment with an attorney. I was informed I am eligiable for chapter 7 and payday loans are dischargeable. However, I do not want to do this if I don't have to.

I am pretty sure I am going to work with a christian debt consolation companey in my local area to consolodate some high interest credit cards and past due medical bills. But that does not help me with my payday loans.

thanks

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Don't know what this means. I think it does mean a person is not suppose to have more than 600.00 loans out at one time. Our state is not set up on a database yet. I just found out that the state is mandating all stores by April 15 to be connected to a database so people can no longer take out multiple loans. When I took out all these loans I did not know what this meant and I was never asked by any store if I had any other outstanding loans at any other places.

In fact, When I first read that I read it to understand that you could not have more than one loan with each licensee. Maybe it would help if they said things in layman's terms so people understood. I think getting the stores connected to a data base is a good thing. This would have helped me out. Guess I'm one of those people who needs laws to protect me from myself. I do think since our state hasn't been required to be connected to a data base the payday stores maybe should explain this to a person. I just went in and applied and was handed the money. Not blaiming anyone but myself but if I would have been asked if I had any other outstanding payday loans I would have been honest and said yes. When people are desparate for money who reads the fine print. (I did, but still don't quite understand it)

(Also, you may want to consider the Do It Yourself method found on this website. It can help you out alot and save you so money.)

How do I find the above info?

Anymore suggestions? I really do appreciate the help.

scared - you may want to check into a debt consolidation company that will work with payday loans at this point. Only you know how much you can pay at this point, towards each one of these loans. If you haven't paid anything towards any of them at all, you will either need to make payment arrangements with them, or consolidate them with a consolidation company.

The first step you need to take will be to find out if they are willing to work with you on a payment plan. And make sure it's one you can afford, including ALL of the loans you need to pay off. If you make an arrangement and then don't keep it, you will be in worse shape than you started off in.

If they won't make a payment plan with you, you will definitely need to consider consolidation or settlement with a credit counseling, consolidation or settlement company.

I need to hop off here for a bit, but I'm sure someone else will chime in with some helpful info here - we're all here to help!

Anyone know of a company that deals with payday loans companies. My inquiries have been fruitless. As I stated earlier, I have spoken to four differnt places. Both consolodation and settlement companies and so far nobody will touch these payday loan companies. The response is always the same. We would work with them but they will not work with us.

OK, so this statement below has me worried. Am I in real trouble now because I have more than 600.00 in loans out in ND? I did not know about this or I failed to understand this.

Maximum Number of Outstanding Loans at One Time: Not Specified ($600 aggregate loans outstanding to all licensees)

Any reassurance would be greatly appreciated. I am really freaking out about this mess I'm in.

yes i've heard of advance america and they will work with you so you are able to pay them back without all the extra charges.

A couple of you have asked if my payday loans are storefront or internet. Is one easier to deal with than the other? Five of mine are storefront and one is internet. Any suggestions on how to deal with them? Do I just walk in and say I can't pay, will you set up a payment plan with me? I am so desperate to get this on the road to resolution.

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I am going to call the stores and the one internet one I have on Monday. You would thinkk these places would want to work it out so they get their money back. Does anyone know what the collection process is. I heard some places manage their own collections others send them out to collections agencies? Does anyone know is it easier to work with the company or a collection agencey? Or do they skip collections and file a judgement? Thank you again everyone.

One more ? Does anyone have any good resources on manageging money? I very obsiously cannot manage my $ and want to work hard on getting my finacial life under control. Things like budgeting, etc. I don't shop, drink, gambling or eat my money but I continue to struggle making ends meet every month. I can't figure out what I'm doing wrong. Maybe this ? belongs in a different forum. First I have to get my payday loans paid off before I can ever even have any money to manage!!!

Well, as soon as you get the PDL's taken care of, you should have a bit more money in your wallet.

And I don't eat my money either, but I'm still pretty broke too. There's only so much you can trim from your budget...at some point, I just realized I simply wasn't making enough money.

If you register, you'd have access to the PM function of this site. As an added bonus, you'd earn a little bit from each post you make. You can do the community signup if you don't want the credit counseling call.

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It would be cheaper for you to do it yourself, you just have to have a plan and stick to it. No sense in having someone else do it for you and pay for it.

As far as the payday loans, since you have already dealt with advance america, tell them about the other companies and see what they have to say. Sometimes you will get the more of the truth straight from the horses mouth. I know the advance america here was easy to deal with and the manager has been in the financial business for a long time. He doesn't care to work with payday loans, but a job is a job. Anyway, he was a great help with another issue that I was having with an old credit card debt. He knew alot about the law and what they are likely to do. The one in your area, may be able to tell you what the other storefronts would be like to deal with. They tend to know each others habits. It don't hurt to ask. Just a thought.

scared,
I found this webpage a while ago, it has some free budget stuff on it that is easy to use. I printed off all the free forms, they let you see where you are now, where you want to be and how your are going to get there. Hope they help.
(http://www.mvelopes.com/mvelopes/sales/budget-worksheets.php?cpn=AFC-budgetadvice)

go to the middle of the page and you will see where you can print out the free worksheets. they are real simple to use.

My company does work with payday loan companies. I would be glad to help you get back on your feet if I can.

I have found that with most payday loan companies, their willingness to work with you seems to increase over time.

Do not misunderstand me...I am not saying that you do not need to pay them, please, continue as you were but I think that I can get them to settle the amounts owed and due.

If you are interested, please contact me: email address removed per forum rules-jessi In your email state you spoke with me.

I believe I can get most of the fee's waived for you too.

Greetings!

I work for a debt negotiation company that works with payday loan companies. I believe that I may be able to help you.

Please email me at the co email email address removed per forum rules--jessi We will need to speak in order to review your entire situation.

I am a part owner of the company and will help you with this for free. email address removed per forum rules--jessi

Alicia debt negotiator.

I am intereted in your help but I don't understand how to get in touch with you since your email was removed above. Thanks

does anyone know how I can go about contacting Alicia?

scared - The forum rules state no e-mails (personal or business) may be listed in posts - this is for everyone's protection.

can she list her companies name and where they are?

I have now registered. (aka.scared) Tomorrow I am going to call all the payday loan companies and see if they will settle for a payment arrangement. I have four that are 500.00 (600.00 with the fee) one that is 480 and one that is 360. Do you think offering 50.00 a month is to little. My thought is if I can pay the two smaller ones off once I get that balance down a little I can apply more to the bigger ones?

I also am wondering if anyone knows of any debt settlement programs or debt consolodation companies that deal with payday loans. I have tried several and have been told they don't deal with them because the payday loan companies won't work with them.

Should I ask the payday loan companies when I call tomorrow if they will work with a debt counseling companey?

Thank you all again for your advice and support.

As alicia said they will be more willing to work with you as time passes.
Have you thought about having the conversation with advance america? I am just suggesting that they know the other companies tactics as they are all in the same business. Maybe they could answer your questions.

I am sorry that Alicia's information was pulled before you could get it, I guess that is the rules. I don't know if you can PM her if she is not registered, not sure.

I went to two more of the places I have loans and they have agreed to set up payments arrangements. YEAH!!! I have worked out something with three of the six. Of the other three, one I am going to pay off this Friday. One is the internet loan. They are licensed out of SD. After doing some reading on this forum I am wondering if I should check and make sure the one internet loan I have out is licensed in ND. Anyone know how I would find that out?
And last place I need to still speak to them but I am done for the day. That was stressful enough. I do feel a little better though. The places here have been good to work with so far.

All the licensed companies in ND will be listed with the DFI. Check the link below

http://www.state.nd.us/dfi/regulate/reg/regulated.asp

thanks for the info Bridget. Does anyone know what happens if a payday company that lent you money is not licensed in the state you live in?

When you set up the payment arrangements did the fees stop building? They should have stopped.

Yes they did. I did have one issue with one place. They only will allow me to make payments arrangements once I roll the loan over once. ND law only allows for one. Not sure if this is legal.

I did go to the sight Bridget gave the link for. If the online payday loan company is out of another state (in this case SD) would they show up on the ND sight if they are licensed in ND? I did enter them in for a search and it came up as no information found. If a company is not licensed in your state of residence am I legally bound to pay them back? I'm not trying to get out of my debt. I owe them and want to pay them back. I'm just thinking if I'm not legally bound it could buy me some time to pay the others back first. Would I be able to tell them (once I verify for sure they are not licensed in my state) that they legally should not have given me the loan. Maybe they would be more accomodating with payments arrangements? Thanks all

I would like to get in touch with that woman Alicia also. Help!

she has never gotten back to me on this post. Sorry. I would really like to talk to her too.

I asked above but nobody replied. Does anyone know what happens if I found out that the payday loan I took out over the internet in SD is not licensed in ND? Thanks.

None of them are licensed in pa, and they are prohibited, but there is a loophole that lets them lend and collect through another state, in my case they used Nevada. Imagine that.

I am not real sure what the answer is for you, but this is how it works in Pa. Goodluck

how do you start a new thread? I cannot figure it out. Unless someone can answer for me here.

I have read somewhere on this sight about the subject but can't find it now. I read that is is illegal for collection agencies to reage accounts. Anyone know anything about this?

I have several bills that are older than seven years and they were at sometime bought out by a collection agency. The agency then reaged my account so now it is on my credit report for another seven years. I have a several of these on my credit report. In fact a couple of account have been bought out a couple of times and reaged each time. Doesn't seem like they should be able to do this. Thanks for any input.

Look at the top or the bottom of this page, see where it says "new topic" just click on that button and you are on your way.

Yes, it is illegal to reage debts, which I'm pretty sure is covered under the FCRA
. I believe you can file a complaint with the FTC.

thank you very much for that information.

Couple more things (sorry, I'm new). Any ever heard of Assest Acceptance? (they happen to be one company that has reaged a couple of my accounts). And how do I get creditors to stop calling me at work? It is extremely humiliating and I am busy at work. I am getting like 10 calls a day from different creditors and sometimes the same creditors.

Two more things. How do I post a new thread and what do the Debtcc Points mean (or, where can I find info on what it means?) I have tried to find the info on this sight and am at a loss. Seems a tad bit confusing trying to navigate and find info on how to start a new thread and find info on how this sight works like the debtcc points.

I'm not complaining. you all have been wonderful. I don't know if I would still have my sanity if not for you. And what a wealth of info. I will be forever greatful I stumbled across this sight. God bless you all.