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Payday Loans

Date: Fri, 05/02/2008 - 02:26

Submitted by anonymous
on Fri, 05/02/2008 - 02:26

Posts: 202330 Credits: [Donate]

Total Replies: 3


I live in Ohio and currently have 5 store front payday loans. $700 each @ Always Payday and National Check Cashers. $800 @ Cashland. $600 @ Express and $650 @ Checksmart. The Always Payday one has already defaulted but have not heard anything from them as of yet. I am planning on calling them today to make arrangements. I plan on keeping Checksmart and Express because they are low enough that they will be paid off soon. My question is on Always Payday, National Check Cashers and Cashland I cannot afford the high fee anymore. I plan on calling them also to try and make arrangements. What are the laws in Ohio, specifically Franklin County, regarding defaulting on these. Can I go to jail for this or be taken to court if I make payments on these? Thanks for any info you can provide me.


Hello tbone and welcome! Before you default on these other loans you may want to consider asking them for the EPP (extended payment plan). This means you will be able to pay these loans off in four equal payments, but you must ask them to evoke the EPP BEFORE your next payment is due. Another requirement is, these stores must be members of the CFSA to offer the extended payment plan. I did some checking and so far found the following to be members of the CSFA, National Check Cashers and Checksmart, for sure. I couldn't find info on the others. I will post your state laws.


lrhall41

Submitted by Shazzers on Fri, 05/02/2008 - 03:29

( Posts: 17344 | Credits: )