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payday loans

Date: Fri, 05/02/2008 - 08:52

Submitted by mandymyr
on Fri, 05/02/2008 - 08:52

Posts: 31 Credits: [Donate]

Total Replies: 4


Hi, i have 3 store front loans with checksmart for $600 plus the fee of 87.50, express payroll advance for $550 plus the fee of 81.50, and always payday for $500 plus the fee of $75. all three are in default/have been returned by my bank. my bank account is now 0ver $1000 negative and i cannot close my accnt until the balance has been paid. I uused to never hav problems paying these loans on time, but i am a server and ever since the beginning of the year, the economy has went down, and with the high prices of gas and everything else going up, business has went down, and as a result so has my money! because of that i have also taken out loans (previous to my bank account mishap)online with impact cash, cashbanc, mte financial, usa payday loans, 247 advance, geneva roth ventures and fast bucks.com. all of the online loans total about 2100 total plus the fees. I do not know what to do. I just want to be able to get them all paid off and never have to use a payday loan again. it is causing me to not have any xtra money for any of my bills, and i am totally broke! Oh yeah, i live in ohio. what can i do?


Hello mandymyr, and welcome, I am glad you joined us!
I just need to confirm what you said and make sure I have it correct.
Store fronts:
-checksmart borrowed $600.00, paid back ?????
-express payroll advance, borrowed $550.00, paid back??
-always payday, borrowed $500.00, paid back???

Internet:
Please list each one, what you borrowed, and what you have paid back thus far. We will do our best to help you!


lrhall41

Submitted by Shazzers on Fri, 05/02/2008 - 09:55

( Posts: 17344 | Credits: )


Oh and, here are the payday loans for Ohio:

Ohio State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.

Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance


lrhall41

Submitted by Shazzers on Fri, 05/02/2008 - 09:57

( Posts: 17344 | Credits: )


Hi, i have 3 store fron loans with checksmart for $600 plus the fee of 87.50, express payroll advance for $550 plus the fee of 81.50, and always payday for $500 plus the fee of $75. all three are in default/have been returned by my bank.

Do you mean the checks you wrote to them were returned? Did they try to cash your check when you defaulted? I just need a little clarification. :)


lrhall41

Submitted by Shazzers on Fri, 05/02/2008 - 10:00

( Posts: 17344 | Credits: )