Jill's Post Regarding Payday Loans
Date: Fri, 10/23/2009 - 12:06
Originally Posted by Jill Hartz I currently have several payday loans out, due to currently going through a divorce. I got in way over my head, and need help! I planned to sign up with Langhorne, but I live in IOWA and don't qualify. The following are all internet based pdl's that I have: CMG Group LLC - obtained $300 on 7/1 -have only paid interest so far and have paid them a total of $540 in interest and $30 in unpaid fee DMA Financial Co - Obtained $600 on 7/13, have paid $200 off along with $300 in fees and owe them $400 with $200 in fees due 11/1 UnitedCashLoans - obtained $400 on 8/21 - have paid $240 in interest, $120 due 11/1 Loanshop/Hampton - obtained $500 on 8/25 - have paid $300 in interest, and $300 is due on 11/1 StarCash Processing - obtained $300 on 8/25 - have paid $180 in interest with $90 due on 11/1 Payday Loan Yes - obtained $350 on 9/1 - have paid $175 in interest, $175 due on 11/1 Ameriloan - obtained $400 on 9/22 - interest of $120 due on 10/30 - have paid them nothing yet I only get paid once a month. Is it too late to close my accounts before these hit |
This post has been copied and pasted from another thread for Jill's convenience.
Hi there, I need to do a little research but will be back as soo
Hi there, I need to do a little research but will be back as soon as possible with information.
i am looking into them, too.. i do not think it is too late to
i am looking into them, too..
i do not think it is too late to secure your bank, i know there is a sticky here that regards bank laws for each state but you have over a week until november 1 and that should not be a problem.
The link below c ontains Iowa's payday loan laws: http://www.pa
The link below c ontains Iowa's payday loan laws:
http://www.paydayloaninfo.org/stateinfo/IA.asp
Internet payday lenders are not legal in Iowa, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.
You need to get your account closed asap! CLICK HERE to find out how to deal with illegal lenders.
i agree, i know star cash and probably all of them actually will
i agree, i know star cash and probably all of them actually will drain your account. secure your account before mentioning anything to them or they will hit your accoutn sooner or purpose. speak with a bank manager, if it is too late to stop your check from hitting, they can put on a temporary hard block until you can close out your account permanately.
[QUOTE=;][/QUOTE] Due to an illness unfortunately we went into
[QUOTE=;][/QUOTE]
Due to an illness unfortunately we went into arrears on our mortgage, and after recuperation needed to borrow money to get back onto an even keel. I tried my bank first to find that they were not very sympathetic to my cause, I then learnt a very important lesson if you have any sort of bad credit history you are far better to go through a reputable broker. They will listen to you as a person and help you by finding the right lender for you instead of trying yourself and risking many rejections until you find the right person to speak to. I was fortunate enough to find http://www.usainstantpayday.com/ through google who took over and did the rest for me to get the bad credit loansThe moral of this story is be guided by people who know what they are doing
