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Payday loan crisis in MO

Date: Tue, 03/17/2009 - 17:59

Submitted by mzneon
on Tue, 03/17/2009 - 17:59

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Total Replies: 3


I have been coming to this site since last November and attempted to pay down my debt myself with some payday lenders using some of the advice given here. I work at a financial institution and was hired already having some payday loans. I later found out that having payday loans is against company policy, not sure if they could fire me for it, but i've been quietly trying to handle my loans and they have spun out of control, and i need help to figure out what to do. I had at most 10 loans, did EPPs on some and got them down to 6 now i am back up to 8. I will list them below. My concern is them contacting my job, putting me in chex systems/tele check, making it impossible for me to get new accounts, etc. I have contacted 2 payday loan consoldation sites, but i'm wreary of closing my checking account because ive been denied opening a new one(due to my credit score!) and doing anything because im afraid of making the wrong decision and ending up in a worse mess with no job. Please help! Thank you.

Internet
Sonic Cash- $300 origianl amnt $ 268.89 paid so far, currently on payment plan 2 more payments of $118.89 to go

PayDayYes - $700 original amt $337.50 paid so far

CashNet - $500 original amnt Nothing paid so far owe 613.75 because of returned payment

CheckNGo - $500 original amnt $245 paid so far

Ameriloan - $250 original amnt $75 paid so far


Store Fronts

Quik Cash $350 original amount nothing paid so far -already did EPP not eligible for another 12months

Ace Cash $500 original amount nothing paid so far - already did EPP not eligible for another 12mos

Missouri Title Loans $400 original amount $190 paid so far, not w CFSA, don’t offer any arrangements

Also MTL in boyfriends name $500 original amount nothing paid so far


Payday loans companies have to be licensed in MO. I checked the payday lender list. The list is a little old though. It was last updated June 2008.

Sonic Cash - legal
PayDay Yes - Not found, unlicensed
Ameriloan - Not found, unlicensed
Check n go - legal, Have you tried an EPP with them?

I did not find CashNet but they are legal in several states but I don't find them on the payday day list.

You can go here and either email or call and confirm the status of CashNet.

The store fronts are all legal.


lrhall41

Submitted by nohiogal on Wed, 03/18/2009 - 03:02

( Posts: 2582 | Credits: )