How to get a payday loan consolidation
Date: Mon, 07/12/2010 - 17:13
I have seven payday loans, 2 of which I go directly to pay at the location and the other seven through internet
Cashnet - 287.50 - paid in full each pay period (16th and last)
Spotonloans.com - formally PDL Ventures - 400 borrowed - 325 payoff - 140 per payperiod
JHS Mrkting - 300 borrowed - 390 payoff- pay 90.00 each pay period - no paydown yet
Elastic.com - 400 borrowed - 315 balance - pay 75.00 each pay period
Instant wages - 200.00 borrowed - 180 payoff- 86.60 each pay period
The other two are check n go 300 each pay period and speedy case 300 each pay period and I end up borrowing the 255 to be able to pay what I can
I am in the hole now, please I can pay the check n go and speedy and not try to take out anymore but the other ones please any advise is most appreciated.
Thank you so much
We need to know what state you are in? Is that Cashnetusa or ju
We need to know what state you are in?
Is that Cashnetusa or just Cashnet? Those are two entirely different entities and one is generally licensed, the other is not.
Quote:Originally Posted by ShazzersWe need to know what state yo
Quote:
Originally Posted by Shazzers We need to know what state you are in? Is that Cashnetusa or just Cashnet? Those are two entirely different entities and one is generally licensed, the other is not. |
I am sorry, I was not more detailed. I am in the state of California and yes it is CashnetUSA.
Thank you so much for your response. Whatever information you may have to this would be so greatly appreciated.
Sincerely
'
Tapped out
Quote:Originally Posted by AnonymousI am sorry, I was not more d
Quote:
Originally Posted by Anonymous I am sorry, I was not more detailed. I am in the state of California and yes it is CashnetUSA. Thank you so much for your response. Whatever information you may have to this would be so greatly appreciated. Sincerely ' Tapped out |
Cashnetusa, well, they are usually a legal lender, and extended installment type of loans, was your loan an installment or personal loan?
Cashnetusa offers an extended payment plan, but they won't tell
Cashnetusa offers an extended payment plan, but they won't tell you about it, you have to ask for it.
Cashnetusa and elastic are your only legal lenders, I wouldn't e
Cashnetusa and elastic are your only legal lenders, I wouldn't even consider getting a consolidation loan with so many illegal lenders, instead, I would call Cashnetusa and request an extended payment plan, I would also request the same from elastic. Close your account and take care of the legal lenders first and foremost, CLICK HERE to find out how to deal with illegal lenders.
Quote:Originally Posted by ShazzersCashnetusa, well, they are us
Quote:
Originally Posted by Shazzers Cashnetusa, well, they are usually a legal lender, and extended installment type of loans, was your loan an installment or personal loan? |
Good morning,
It was a personal loan with Cashnet USA. I can figure out how to get them paid, however with the other payloans that I have listed previously, Elastic, JHS Marketing, Spotloans and Instant wages, do you have any suggestions that I can follow to remedy my situation? Thank you so much in advance.
Regards,
Tapped out
Quote:Originally Posted by AnonymousGood morning, It was a pers
Quote:
Originally Posted by Anonymous Good morning, It was a personal loan with Cashnet USA. I can figure out how to get them paid, however with the other payloans that I have listed previously, Elastic, JHS Marketing, Spotloans and Instant wages, do you have any suggestions that I can follow to remedy my situation? Thank you so much in advance. Regards, Tapped out |
Well, Elastic is a MUST pay also, they can and will eventually sue you. So basically, those are the only two you have who can actually take legal action against you, read my thread on how to deal with illegal lenders, it will guide you through the process step by step. You will need to contact the two legal lenders you have and inform them that your personal account has been compromised (and believe me it has, illegal lenders are relentless), then make payment arrangements with the legal ones, via the mail. You really should not leave your account opened, it will never be safe again.
You have already paid off JHS Mrkting, and almost paid off the other illegal lenders, all you would owe them is the principal amount you borrowed, since they are not licensed lenders they aren't entitled to any interest and fees, and they can't sue you because they didn't follow the law by obtaining a licensed to lend, which is a requirement by your state.
Quote:Originally Posted by ShazzersWell, Elastic is a MUST pay a
Quote:
Originally Posted by Shazzers Well, Elastic is a MUST pay also, they can and will eventually sue you. So basically, those are the only two you have who can actually take legal action against you, read my thread on how to deal with illegal lenders, it will guide you through the process step by step. You will need to contact the two legal lenders you have and inform them that your personal account has been compromised (and believe me it has, illegal lenders are relentless), then make payment arrangements with the legal ones, via the mail. You really should not leave your account opened, it will never be safe again. You have already paid off JHS Mrkting, and almost paid off the other illegal lenders, all you would owe them is the principal amount you borrowed, since they are not licensed lenders they aren't entitled to any interest and fees, and they can't sue you because they didn't follow the law by obtaining a licensed to lend, which is a requirement by your state. |
Thank you ever so much for your information, insight and links. You have been most helpful. The link is extremely helpful, I will keep you posted if you would like.
Regards,
Tapped out.
i too have 7 payday loans that im up to my ears with. unfortuna
i too have 7 payday loans that im up to my ears with. unfortunately i had no choice to close my checking account for they can debit payments from. but i would like to pay off the companies for the actual amount of the loan only with no interest. advice please. i am in ny
here are the following paydayloan co'sand the amount of the loans and how much i paid so far...
mycashnow $900 and paid so far $1081.64 (includes interest and pay downs)
usfastcash $400 (no payments yet)
cashadvancenetwork $
cashadvancenetwork $$600 and paid so far $180 unitedcashloans $5
cashadvancenetwork $$600 and paid so far $180
unitedcashloans $550 and paid so far $330
paychecktoday $600 and paid so far $1550
staradvance $425 and paid so far $197 (includes interest and paydown)
spotonloans $400 (no payments yet)
i also received 4 harassing calls from james o'brien from armfl and had ask my receptionist for him to leave a voicemail or message and that i'll return his call, instead he continuiously called and wouldnt state the matter of the call if it's personal or business, then demanded to speak with my supervisor from work. i finally called back the number he called from and gave the number they have on their list (my work number) and stated that do not call my place of work and if mr o'brien calls again harassing he's in violation of the fdcpa. let me know if this was correct of me doing....
help please
Quote:Originally Posted by Anonymousi too have 7 payday loans th
Quote:
Originally Posted by Anonymous i too have 7 payday loans that im up to my ears with. unfortunately i had no choice to close my checking account for they can debit payments from. but i would like to pay off the companies for the actual amount of the loan only with no interest. advice please. i am in ny here are the following paydayloan co'sand the amount of the loans and how much i paid so far... mycashnow $900 and paid so far $1081.64 (includes interest and pay downs) usfastcash $400 (no payments yet) cashadvancenetwork $ |
What state are you in?
Nevermind, I see what state you are in, N.Y., and payday loans a
Nevermind, I see what state you are in, N.Y., and payday loans are prohibited in your state, so, CLICK HERE to find out how to deal with illegal lenders.
Quote:Originally Posted by Anonymouscashadvancenetwork $$600 and
Quote:
Originally Posted by Anonymous cashadvancenetwork $$600 and paid so far $180 unitedcashloans $550 and paid so far $330 paychecktoday $600 and paid so far $1550 staradvance $425 and paid so far $197 (includes interest and paydown) spotonloans $400 (no payments yet) i also received 4 harassing calls from james o'brien from armfl and had ask my receptionist for him to leave a voicemail or message and that i'll return his call, instead he continuiously called and wouldnt state the matter of the call if it's personal or business, then demanded to speak with my supervisor from work. i finally called back the number he called from and gave the number they have on their list (my work number) and stated that do not call my place of work and if mr o'brien calls again harassing he's in violation of the fdcpa. let me know if this was correct of me doing.... help please |
The FDCPA only applies to 3rd party collectors, however, you do have a right to tell the original creditor that you are not permitted to accept personal phone calls at works. What state are you in?