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I live in Connecticut and fell into the payday loan trap! Once the finance charges for my loans go through tomorrow my entire paycheck will be gone. I currently have 11 loans out and can not pay any of them off. There are 2 loans that I have paid the finance charge for over a year now and another loan that I have been paying on since February 2008. I need to know how to get out of this trap, I am a single parent and can not afford anything right now!!




I started this post in December but I am having trouble logging in. I live in Connecticut and they are not legal. I am just worried!

Sub: #21 posted on Mon, 05/04/2009 - 08:08

Unregistered


I received the following email from Payday Loan Yes today. It is in response to the letters I sent them and fast cash advance. I took out a loan with both of them and actually overpaid them both. Please let me know what else I can do.

Here is the letter:

Kellie Conway:

We are licensed through federal the federal government. Federal law takes
over your state laws. If we were not allowed to give out at loan to the
state of CT we would not. We are experiencing problems with your checking
account. We only accept electronic payments. I am in the position to offer
you a loan payoff. Today your loan is 28 days past due. When accepting a
settlement you cannot skip pay dates. Payments must be received on your pay
schedule.

As of today your total account balance is $435, loan payoff is for $400,
payment arrangements are for two (2) payments $200 due on 05-15-09, and
05-29-09. Payment method is Visa or MasterCard debit/credit only. See your
payment instructions listed below.

Payment Instructions

To confirm this loan payoff you will need to provide your Visa or MasterCard
debit or credit today, see payment form listed below.

Since payment is a time sensitive matter, your prompt payment confirmation
remittance will avoid further collection actions

This is a loan payoff, meaning once you confirm this payoff by providing
your card information, your account will then be removed from the
collections process, your balance will be frozen and no further charges will
be assessed on the loan balance as long as you follow through with the
agreed arrangement.

Regards,
Jodie Phoenix
Advanced Collections Department

Sub: #22 posted on Tue, 05/12/2009 - 07:20

Unregistered


Licensed through the federal gov my ass.

You response should be they are not licensed and then attached the letter you sent them before.

Sub: #23 posted on Tue, 05/12/2009 - 07:22

nohiogal nohiogal

(Posts: 2582 | Credits: )

LOL at nohiogal :lol:

Yeah the same federal government as the malta mafia :wink:

Sub: #24 posted on Tue, 05/12/2009 - 09:10

Cool_Abyss Cool_Abyss
Moderators
(Posts: 2936 | Credits: )

How can I get rid of Cash Call. According to their website they no longer give loans in CT and I have one since last August. Does anyone know the law for them here in CT?

Sub: #25 posted on Tue, 09/29/2009 - 12:49

Unregistered


Quote:
Originally Posted by Anonymous
How can I get rid of Cash Call. According to their website they no longer give loans in CT and I have one since last August. Does anyone know the law for them here in CT?


Cash Call isn't a payday lender, they are an installment lender, therefore the payday loan laws would not apply to them. They charge outrageous interest rates and aren't very easy to work with. My advice is for you to try and get it paid off as soon as possible.

Sub: #26 posted on Tue, 09/29/2009 - 16:38

Shazzers Shazzers
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