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I live in ND and have five payday loans out and I have one internet payday loan out from a company in SD. I can't pay them back. I have closed my bank account. Any suggestions on how to deal with the companies now? I want to pay them back but like a lot of people I have read about on these posts I just can't keep making these payments every two weeks. My loans total 3,200.00. Thats with interest and fees. I did contact one company and they were wonderful. I am paying them 50.00 every two weeks and they are not charging me any additional fees. This company is advance America.

The SD internet company did have a wage assignment clause in it. I don't know where to look to see if this is illegal in ND. Any ideas. Thanks everyone.




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.

Sub: #31 posted on Sun, 03/25/2007 - 15:52

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )

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.

Sub: #32 posted on Sun, 03/25/2007 - 16:23

fedupinpa fedupinpa

(Posts: 1511 | Credits: )

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.

Sub: #33 posted on Mon, 03/26/2007 - 11:23

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )

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

Sub: #34 posted on Mon, 03/26/2007 - 15:24

Bridget Bridget

(Posts: 348 | Credits: )

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?

Sub: #35 posted on Mon, 03/26/2007 - 19:34

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )

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

Sub: #36 posted on Tue, 03/27/2007 - 04:16

fedupinpa fedupinpa

(Posts: 1511 | Credits: )

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

Sub: #37 posted on Tue, 03/27/2007 - 13:32

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )

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

Sub: #38 posted on Thu, 03/29/2007 - 19:15

neville428 neville428

(Posts: 2 | Credits: )

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

Sub: #39 posted on Sat, 03/31/2007 - 17:15

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )

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.

Sub: #40 posted on Sat, 03/31/2007 - 17:17

tlfroelich-d1 tlfroelich-d1

(Posts: 8 | Credits: )


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