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Ohio Payday Loan Next Step

Date: Thu, 03/27/2008 - 12:34

Submitted by anonymous
on Thu, 03/27/2008 - 12:34

Posts: 202330 Credits: [Donate]

Total Replies: 6


Okay, for the past year I have been going from one payday loan place to the next in order to pay off the previous payday loan. I sat abck and calculated that it has cost me close to $10,000 in interest for the past year. About a month ago, I made the decision to roll the dice and stop the payday loan mess. When my loan was due with Check-Smart, I called them and told them that I did not have the funds to pay them. I owe them a total of $722.00 and made them the offer of taking payments of roughly 1/4 each month until the loan was paid. They refused this and basically implied that I go out and borrow the funds to pay them back, and I refuse to do this. Of course the barrage of phone calls started to both my home and work and the Corporate office made their threats of having me arrested, reporting me to the credit bureau, taking me to court etc...and I in turn told them that I would be willing to make payments, but this turned into a game of them calling me names and trying to intimidate me. At this point, I have stopped answering their calls, and when they call me at work, I hang up on them. I realize that they will eventually take me to court, and report me to the credit burea, but even if they take me to court at the most they are going to only be able to garnish my wages which in fact works like a payment plan. ANyone see anything wrong with how I handled this situation? Anyone have any advice on what they would do? I can say one thing, a lot of tension has been released from my mind and body with not having to juggle the payday loans anymore.


What county are you from in Ohio? I had a many loans out with them and Express Payroll. Once I decided I had enough of going into their stores biweekly I found a debt consolidation company who helped me. Checksmart made many threats and told me to reborrow to handle this. I had enough and I said I wouldn't do it that way anymore. So, long story short, after many phone calls from corp and corp "lawyers", they took me to check mediation in Franklin County. Basically all what it is, you sit with a rep from the courthouse and one from checksmart and come up with a repayment plan. I was able to negotiate to repay them in 6 monthly payments. Now, if the corp collections only did this at the start, we could have save both of us time. It????????s been a while since I been to mediation and can't say they still use it. But, their "next step" was really nothing. They did fax verification to my work, and I had to explain it to my HR. But you will come to agreement with them that you been trying to do over the phone.

Also, if you click on my name, you can see my post from the past (I think you can). I have many post about Checksmart and the process I went through.


lrhall41

Submitted by Ryan_N on Thu, 03/27/2008 - 13:32

( Posts: 315 | Credits: )