Need help!
Date: Tue, 08/04/2009 - 10:39
Hi - I first posted this under the 'Sticky' named Payday Loan Help, where it told me what info to provide, but I am not sure that was the correct way to do it. So, trying again, just in case:
Hi - I am new to this website and forum, I found it as I was searching for 'payday loan help' because that is what I need.
I filled out an online free quote/application with PDL Assistance, and they called almost immediately, though I had begun reading some of the posts here and decided I wanted to see what advice and help you can offer. Although I can see are people with more outstanding pdl's than I have, I do feel overwhelmed and scared (not to mention stupid!). I can't seem to get out of this trap, and I recently had some legal and medical issues that are costing me a LOT of money, and I don't know where to turn.
I have two pdl's:
National Cash Lenders (internet) $700.00. I have reloaned with them multiple times, but against this one I have paid $560.00
Advance America: (storefront) - $750.00 - this one is actually called a 'Line of Credit' - I had cash advances with them previously but due to some changes in the payday loan regulations, after a certain number of payday loans within a six month period they switch you to a line of credit. I am not sure of all the differences, although the way the line of credit works is very confusing. If you don't come in on the due date (which has nothing to do with when you get paid) and pay the balance in full, you have to pay about $240.00 (I think that is what it is for my balance) and of that a small amount goes towards the principal. Again, it is really convoluted how it works, I don't completely understand the process which doesn't help me at all.
I think so far I have paid $475.00 on this balance. The other scary thing about them is that when it changed to a line of credit they required a copy of my car registration.
I live in Virginia.
I SO want to get these out of my life! Would welcome any suggestions at all. Would it be best for me to go through a company like PDL Assistance?
Thanks for any help!!
Hi - I am new to this website and forum, I found it as I was searching for 'payday loan help' because that is what I need.
I filled out an online free quote/application with PDL Assistance, and they called almost immediately, though I had begun reading some of the posts here and decided I wanted to see what advice and help you can offer. Although I can see are people with more outstanding pdl's than I have, I do feel overwhelmed and scared (not to mention stupid!). I can't seem to get out of this trap, and I recently had some legal and medical issues that are costing me a LOT of money, and I don't know where to turn.
I have two pdl's:
National Cash Lenders (internet) $700.00. I have reloaned with them multiple times, but against this one I have paid $560.00
Advance America: (storefront) - $750.00 - this one is actually called a 'Line of Credit' - I had cash advances with them previously but due to some changes in the payday loan regulations, after a certain number of payday loans within a six month period they switch you to a line of credit. I am not sure of all the differences, although the way the line of credit works is very confusing. If you don't come in on the due date (which has nothing to do with when you get paid) and pay the balance in full, you have to pay about $240.00 (I think that is what it is for my balance) and of that a small amount goes towards the principal. Again, it is really convoluted how it works, I don't completely understand the process which doesn't help me at all.
I think so far I have paid $475.00 on this balance. The other scary thing about them is that when it changed to a line of credit they required a copy of my car registration.
I live in Virginia.
I SO want to get these out of my life! Would welcome any suggestions at all. Would it be best for me to go through a company like PDL Assistance?
Thanks for any help!!
First of, I think National Cash Lenders is operating illegally i
First of, I think National Cash Lenders is operating illegally in Virginia since I couldn't find their licensing status. Even the internet payday lenders are required to get license in order to operate in a state.
Secondly, I'm having a hunch that Advance America is kind of securing the loan against your car.
May be you would hear some encouraging note from other members. Meanwhile, educate yourself on line of credit from Advance America.
This is a duplicate post. If you scroll down there is your orig
This is a duplicate post.
If you scroll down there is your original post with a few answers
