Payday Loan Advice
Date: Mon, 11/30/2009 - 16:53
I have 4 Payday Loans (all storefronts):
Advance America - $587.50
Check Into Cash- $235
Express Check Advance- $587.50
Cash Express- $470
Those are the amounts with interest.
I'm in Alabama.
I want to know if I will be able to make arrangements with these companies individually, or should I consolidate?
Also, the checking account was closed BY THE BANK for completely different reason, not by me. However, the companies are not aware of this as I find a way to pay them every 2 weeks.
I'm not due back to each until Dec 11, if I let them know I'd like to make arrangements now, Dec 1, would that make it any easier? Are the companies in my state even allowed to make payment arrangements?
Sorry if these are redundant questions. I was reading other thread and it was suggested each person make their own thread.
TIA.
Find out if these lenders are CFSA members! If they are, they ar
Find out if these lenders are CFSA members! If they are, they are required, by association rules. to arrange an extended payment plan for you, provided that you are not in default with them. You need to speak to the branch manager and explain your situation. I realize that is a very uncomfortable thing to do but necessary.
Thanks so much for answering so quickly! I was on AA's site and
Thanks so much for answering so quickly!
I was on AA's site and read they have "EPP".
Have to check the others.
Is there a link to check in they are CFSA members?
*I'm so glad I'm not defaulted*
Quote:Originally Posted by AnonymousThanks so much for answering
Quote:
Originally Posted by Anonymous Thanks so much for answering so quickly! I was on AA's site and read they have "EPP". Have to check the others. Is there a link to check in they are CFSA members? *I'm so glad I'm not defaulted* |
http://www.cfsa.net/MemberList.aspx
Yes! All 4 are members! I called AA today, she said that how it
Yes! All 4 are members!
I called AA today, she said that how it works is they will process the check and let it get returned (acct is closed anyway but she didnt ask me all that), I'll have a $30 return check fee, then I pay make $100 payments every pay period.
Does that sound right?
Quote:Originally Posted by AnonymousYes! All 4 are members! I c
Quote:
Originally Posted by Anonymous Yes! All 4 are members! I called AA today, she said that how it works is they will process the check and let it get returned (acct is closed anyway but she didnt ask me all that), I'll have a $30 return check fee, then I pay make $100 payments every pay period. Does that sound right? |
Gosh dern those people!! Why the heck do they try to process the check KNOWING full well it will bounce! I would stop payment on the checks before I entered into an EPP with them, although it might cost you more to stop payments then to access the NSF charges. It's so freakin ridiculous! Why don't you call the Ohio DFI and tell them what this lender has proposed, seems to me that something just isn't quite right about them causing you more debt!!
You might even call the CFSA and your attorney general's office,
You might even call the CFSA and your attorney general's office, this is just wrong!!
I won't be getting any NSF fees. The account has been closed for
I won't be getting any NSF fees.
The account has been closed for a while. (over 30 days) I'm not even in their system anymore.
But I am emailing CFSA now about them trying to process the chec
But I am emailing CFSA now about them trying to process the check and I will during business tomorrow.
I want to do this as cleanly as possible.