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I need help with payday loans

Date: Fri, 08/20/2010 - 08:49

Submitted by betty rogers
on Fri, 08/20/2010 - 08:49

Posts: 22 Credits: [Donate]

Total Replies: 7


I have 9 payday loans .2 internet loans ,and 7 storefront loans, Spedee Cash 244.90, Quick Cash 244.90, Avance America 244.90, Check-Into-Cash 244.90, Express Check Avance 244.90, Mississippi Title payday 304.90, Cash Tyme 365.90. those are my storefront loans. My internet loans are, Cash Net Usa 179.82, and First Bank Of Delaware I borrowed 500.00 I pay 153.81 for 6 payments which total 922.86. I live in Mississippi, are all these legal loans and if so what can I do to try and get them eleminated? I need help ASAP.:(


Unfortunately yes, they are all legal lenders. However, let me do a little research and get back to you with some suggestions on how to resolve this. I do have a couple of questions first though;
Have you written any post dated checks on any of these loans?
Which lenders are directly debiting payments from your account?


lrhall41

Submitted by Shazzers on Fri, 08/20/2010 - 08:58

( Posts: 17344 | Credits: )


There are a few of your store front lenders who are members of the CFSA (Community Financial Services Association of America), this means you are eligible for an extended payment plan, but they won't tell you about it, you will need to request it, and they MUST allow you to sign up for it because of their membership with the CFSA. Read about the extended payment plan at the link below:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
The following lenders you have a members of the CFSA:
Advance America
Check Into Cash, Inc.
Express Check Advance


lrhall41

Submitted by Shazzers on Fri, 08/20/2010 - 09:05

( Posts: 17344 | Credits: )


My suggestion would be this;
Ask the stores who are members of the CFSA for the extended payment plan.
Ask Cashnetusa for the EPP.
Unless you have other resources to pull from you are going to need to do what you are doing now to keep up with these lenders, with the exception of the EPP lenders, as soon as you have paid them off, then pay off one lender at a time until you have them all paid off.

FBD, is not an easy lender to deal with and they charge an outrageous interest rate, but if you don't pay them, they can and will eventually sue you, so you will need to do whatever you can to come up with a plan to pay them off.


lrhall41

Submitted by Shazzers on Fri, 08/20/2010 - 09:09

( Posts: 17344 | Credits: )