I have 3 payday loans (walk-ins). I live in chicag

Date: Sun, 05/08/2011 - 20:47

Submitted by YOUANDME1138
on Sun, 05/08/2011 - 20:47

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Total Replies: 3

I have 3 payday loans (walk-ins). I live in chicago. The loans stores are the following: Check n go, for 1700, check into cash for 1000, and pls for 800. Will the let me have a payment plan with them? Should i chang banks so that i can have some control over my money? I am so scared!

Payday lending is legal in Chicago, Illinois. However, you shoul

Payday lending is legal in Chicago, Illinois. However, you should contact the Illinois Division of Financial Institutions in order to find out whether or not these lenders are licensed to operate in your state. If they are not licensed to operate in your state, then you can check out the given page to know how you can deal with the illegal payday lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

If they are legal in your state, then you should contact the individual payday lenders and negotiate for an affordable payment plan to pay off the debts. You can go for the option of debt settlement as well.

lrhall41

Submitted by Anna Sweeting on Sun, 05/08/2011 - 23:19

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Anna, all 3 of these companies ARE legal to operate in Illinois

Anna, all 3 of these companies ARE legal to operate in Illinois and will be legal in any state in which they operate.

The clarification that the OP needs to make is whether these loans are PDL's or installment loans. There are different regulations for each product.

lrhall41

Submitted by PDLOwner on Mon, 05/09/2011 - 05:57

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well just by the amounts i can safely state these are not pdl's,

well just by the amounts i can safely state these are not pdl's,but they can still work out payment arrangements.

lrhall41

Submitted by paulmergel on Mon, 05/09/2011 - 11:20

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