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Payday loan help in Idaho

Submitted by janted92 on Tue, 07/31/2012 - 21:21
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Like so many others, I have gotten myself in a bind with payday/installment loans. Plus now my husband was injured last week and will be off work for weeks.
I would love some advice on how to get out from under these.
I live in Idaho and I have loans out from the following lenders:
The Cash Store (installment loan) borrowed $? pd $1423.98
Money Tree (installment loan) borrowed $? pd $1307.49
EZMoney (payday loan) borrowed $780.00 pd $343.20 (finance charges only)
I can't remember the exact loan amounts of the first two, I need to check my paperwork, which I don't have on me right now.
Thanks for any help!


The problem here is that all of your loans are with legal lenders. So, you are going to have to pay them.

My best advice is to contact the corporate offices for each of these lenders, explain your financial hardship and see if you can work out an extended payment plan for the payday loan and an alternate payment plan for the installment loan.


Submitted by OhioGal1 on Wed, 08/01/2012 - 11:26

OhioGal1

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In that case, you should send each of your lenders an ACH revocation and also let them know you're revoking any wage assignment you may have signed. Tell them you're doing this specifically to force the account to collections.

You will then need to give your bank a copy of the ACH revocations and ask them to close the account and open a new one where the old account number is in no way linked to the new one. This is for your protection as PDLs are infamous for putting debits through your account even after revocation. If they can't close the account right away, ask them to put the account into a deposit only status so that nothing can be withdrawn from the account unless it's an in-person transaction.


Submitted by OhioGal1 on Wed, 08/01/2012 - 13:02

OhioGal1

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