Before I lose my house, can someone offer advice on my payday loans?
ameriloan - Payoff amount $390. Original loan amount $350.
Paid on loan for rollover fees etc $525. Paid down principal $100.
PaydayOne - Payoff amount $1197.12 Original amount $1000 was the last, i kept renewing and increasing it when i couldn't afford the payment. $$ paid ? thousands. I currently pay around $400 a month to roll this one over.
Check and Go - Payoff amount $1029.50. This is another one I have increased my amount to avoid paying the payment serveral times. My amount financed at this time is $855.
:(
Can anyone offer advice?
But ameriloan is not legal. They cannot collect.
But - These are just unsecured consumer debts. Do not put these before a house payment. If your loans default, then it goes to collections and you can make payments. If your house defaults, you are out on the streets.
Sub: #1 posted on Thu, 07/10/2008 - 08:09
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Then, I would go into Payday One and Check n Go and ask for an EPP plan. It seems the amount of interest you are paying on Payday One might be enough to cover that bill. (Once you are in an EPP plan, interest stops, but I believe the bill is broken up into 4 payments.)
Once you do this, I would close that checking account and open a different one, this way ameriloan can't take out anymore $. Then you can deal with them on your terms. Since they are illegal and you have paid them more than you borrowed, I would go thru all the steps to get them to mark your account PIF and be done with them.
Sub: #2 posted on Thu, 07/10/2008 - 08:37
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Sub: #3 posted on Thu, 07/10/2008 - 08:38
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I'm still trying to figure out exactly what to send ameriloan.
I feel better already! {{{{{{thank you}}}}}}}}
Sub: #4 posted on Thu, 07/10/2008 - 12:58
Sub: #5 posted on Thu, 07/10/2008 - 13:29
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Sub: #6 posted on Thu, 07/10/2008 - 13:32
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Sub: #7 posted on Thu, 07/10/2008 - 14:20
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Sub: #8 posted on Thu, 07/10/2008 - 14:31
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Take care of Check n Go next.
You will start to feel better knowing that your basic needs are taken care of and you are meeting your obligations with these PDL storefronts. Ameriloan has gotten their money already. You don't owe them any thing more.
Sub: #9 posted on Thu, 07/10/2008 - 14:43
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Sub: #10 posted on Thu, 07/10/2008 - 14:52