How Do I Approach the PDLs to for a EPP
Date: Mon, 12/10/2007 - 04:10
I wrote in last week and you guys have really helped, but now we need to know how to get the ball rolling on the extended payment plans with our store front pdls. We are in Ohio and our pdls are at Cashland,Check -n-Go,CheckSmart and Check ExChange.
My husband and I have greatly appreciated your help.
Thanks
If your store front is a member of cfsa they will give you a EPP
If your store front is a member of cfsa they will give you a EPP. However you must go in and request this before you default on you loan.
EPPs on PDLs
So we go into the store, not call the main office or anything? They are all members of CFSA.
Thank You
Yes it would be better to go in person...and I believe you have
Yes it would be better to go in person...and I believe you have to request the epp at least 24-48 before the payments is actually due.
I believe with the Extended Payment plan , you pay off the balan
I believe with the Extended Payment plan , you pay off the balance in 4 installments.
Hi Aminah, it is good to see you.... Kash is correct....You c
Hi Aminah, it is good to see you....
Kash is correct....You can go to this site if you want more information.
http://www.cfsa.net/about_cfsa.html
HEY ROXY!! Good to see you too. Thanks for the link.
HEY ROXY!! Good to see you too. Thanks for the link.
Store fronts only I believe because they operate legally.
Store fronts only I believe because they operate legally.
Actually, there are a couple of internet on the member list. MA
Actually, there are a couple of internet on the member list. MAybe they operate internet and storefront..like check n go?
This only works with members of the CFSA. Any pdl can join, but
This only works with members of the CFSA. Any pdl can join, but it's members are mainly storefronts, with the execption of a few legal, state law following internet pdls.
CashnetUSA and CashCentral are IPDL's that are members of the CF
CashnetUSA and CashCentral are IPDL's that are members of the CFSA. But those are the only 2 IPDLs that I know that are.
CFSA & The EPP
:wink:
These are subject to state law. EPP = Extended Payment Plan.
1 - You may opt into an EPP to pay outstanding loan if you are unable to pay when due. Any outstanding fee will be included in the amount subject to EPP.
2 - You must invoke the EPP by close of business on the last business day BEFORE the loan due date by returning to the office where you got your loan or by using whatever method you used to get your loan. You will need to sign an amendment to your loan agreement reflecting your new payment schedule.
3 - You may pay the transaction balance in four equal payments coinciding with your peridoic pay dates.
4 - Collection activities will not begin while you are under an EPP as long as you meet all obligations under the EPP.
5 - There is no charge for you to enter into an EPP. However, if you default, you may be charged fees as permitted by state law.
Hope this helps.
Yes, that is all correct. You can also view the CFSA blurb on E
Yes, that is all correct. You can also view the CFSA blurb on EPP's on their website. Just do a google search for CFSA.
I actually paid off a PDL using this and my advice to you would
I actually paid off a PDL using this and my advice to you would be to save all documentation you have signed on your EPP. The problem I ran into was the PDL kept losing my paperwork and I kept getting letters and collection calls saying my check was returned, etc. It was always straightened out everytime I called them, but it was still a hassle.