Payday loan problems
Date: Thu, 05/01/2008 - 18:14
I have 9 payday loans out. I have been to several banks, but can't get a personal loan to consolidate the problem. They are all in default and I don't know what to do.
USA Cash -$225 paid $350 so far online
ameriloan $225 paid $350 so far online
Paycheck today- $400 paid $120 so far online
CashnetUSA- $900 haven't paid anything online
Cash Store- $900 paid $450 so far, owe $470, in collections, from a store
QC Finance- $600 have paid $120, from a store
Check City $900 have paid down about $300, from a store
CheckSmart- $200, from a store.
CheckItOut- $250 from a store.
I live in Utah.
Hello and welcome to the forum! I am going to post your state pd
Hello and welcome to the forum! I am going to post your state pdl laws. Me oh my, they aren't very stringent. :?
Utah State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Utah Code Ann. ???? 7-23-101 et seq.
Loan Terms:
Maximum Loan Amount: No Limit
Loan Term: May not exceed 12 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 12 weeks from original loan date)
Cooling-off Period: None
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894
Regulatory Contact: ,
Regulator Website
Have you defaulted on the store front loans also? All of them? T
Have you defaulted on the store front loans also? All of them? This is very important, because if you haven't, then you can evoke the epp on the stores which are CFSA members, I'm pretty sure Cash Net USA is. The epp is an extended payment plan, that means they would allow you to make four equal payments instead of paying them all at once, but only if you go into the store BEFORE the due date of the loans. I see that Cash Store is currently in collections so you won't be able to evoke the epp with them.
Internet loans - USA Cash - We'd have to check on this one.
Internet loans -
USA Cash - We'd have to check on this one.
ameriloan - unlicensed/illegal
Paycheck Today - unlicensed/illegal
CashNetUSA - licensed/legal
Storefront loans:
Cash Store - since you've been turned over to collections, you should be able to work out some kind of payment plan with them to get it paid down.
QC Finance - is this Quik Cash? Or is the name of the storefront?
Check City - I do believe is a member of the CFSA.
Checksmart - I do believe is a member of the CFSA.
Check It Out - I'm not showing them as a member.
USA Cash is USA Cash Services. Their webpage is very similar to
USA Cash is USA Cash Services. Their webpage is very similar to ameriloan and they both send identical emails. Neither one of them will send me any paperwork or payoff. They say it's all online and I can't send them a money order either. If they are illegal, what is the next step? We have closed our account, so they can't get any money, but do we have to do anything so they don't attach to our credit reports?
QC Finance is taking the case to County Court on Friday. They ca
QC Finance is taking the case to County Court on Friday. They call my work, my husband's, our phones, and text everyday several times. They are the only one's going to extreme measures. Is there anything we can do about it?