Nevada Payday Loans
Date: Wed, 03/02/2011 - 17:51
Hello,
I am ready to break the vicious cycle I've gotten myself stupidly into. I've been reading over this site, looked at the actual Nevada laws and read advice given to others in my situation. Below, I've listed my current payday loans. All are current, but I want to stop paying out more than half of my monthly income on interest.
I plan to close my current bank account, open another to accept my direct deposit paycheck and work mainly in cash for a very long time. I will be contacting all of my lenders to ask for a payment plan on each of my loans, ensuring that no item is presented to my bank to further rack up any return/nsf fees. Currently, my bank is set to pay and charge me later, I will be changing this to don't pay if I don't have it.
I have used payment plans with two of these lenders before and was told at those times that I could only enter in to a payment plan once every 12 months. Is this true? Or is this merely a "policy" for that lender? Regardless, I will discontinue paying what I truly cannot afford. Those lenders that do not work with me, will be a challenge, I am sure and I'll be coming here for advice.
Please let me know if I have the right gameplan for this endeavor, and any other advice you may wish to give would be greatly appreciated.
Rapid Cash - $755 - Storefront. Secured by a debit card.
Check City - $700 - Storefront. Secured by a paper check.
Advance America - $593 - Storefront. Secured by a paper check.
Cash 1 - $708 - Storefront. Secured by a paper check.
CashNetUSA - $312.50 - Internet. Secured by ACH
PaydayOne.com - $183.75 - Internet. Secured by ACH
Payday Today - Signature loan - $222. - This one is easily taken care of if I can lessen the burden of the above loans.
P.S. - My net bi-weekly income is $1,100. A repayment plan is completely doable, but only if I can reduce my bi-weekly payment by at least 30% or more.
Thank you!
I am ready to break the vicious cycle I've gotten myself stupidly into. I've been reading over this site, looked at the actual Nevada laws and read advice given to others in my situation. Below, I've listed my current payday loans. All are current, but I want to stop paying out more than half of my monthly income on interest.
I plan to close my current bank account, open another to accept my direct deposit paycheck and work mainly in cash for a very long time. I will be contacting all of my lenders to ask for a payment plan on each of my loans, ensuring that no item is presented to my bank to further rack up any return/nsf fees. Currently, my bank is set to pay and charge me later, I will be changing this to don't pay if I don't have it.
I have used payment plans with two of these lenders before and was told at those times that I could only enter in to a payment plan once every 12 months. Is this true? Or is this merely a "policy" for that lender? Regardless, I will discontinue paying what I truly cannot afford. Those lenders that do not work with me, will be a challenge, I am sure and I'll be coming here for advice.
Please let me know if I have the right gameplan for this endeavor, and any other advice you may wish to give would be greatly appreciated.
Rapid Cash - $755 - Storefront. Secured by a debit card.
Check City - $700 - Storefront. Secured by a paper check.
Advance America - $593 - Storefront. Secured by a paper check.
Cash 1 - $708 - Storefront. Secured by a paper check.
CashNetUSA - $312.50 - Internet. Secured by ACH
PaydayOne.com - $183.75 - Internet. Secured by ACH
Payday Today - Signature loan - $222. - This one is easily taken care of if I can lessen the burden of the above loans.
P.S. - My net bi-weekly income is $1,100. A repayment plan is completely doable, but only if I can reduce my bi-weekly payment by at least 30% or more.
Thank you!
I have never heard about anything which states that you can ente
I have never heard about anything which states that you can enter into a payment plan. If you are finding it difficult to pay the loans, then you can get help from the debt relief companies in your state. You can go for payday loan consolidation and clear your debts. However, before that check whether the aforementioned companies are legal in your state. If they are not illegal, then you'll only need to pay the principal amount.
