3 OH Storefront loans, 1 Internet Loan in PA
Date: Wed, 07/15/2009 - 13:18
Hello,
I just found this site today and have been wading through all of the useful information.
I was visiting my parents last night and I came across some documents in my brother's room showing that he had several payday loans. He was really embarrassed about it and has been very hesitant to talk to me, but I want to help him figure out if there's anything that he can do. I don't have all of the specific information yet, but I wanted to lay out what I know to figure out where we should go from here.
I know that he has four pd loans, 3 from storefronts in Ohio and one from the Internet. I don't know the specific amounts, but I'm assuming that they're all in the neighborhood of $500 to $650. I know that of the three OH storefront loans that he has paid in excess of the principal on two of them and is close on the third one.
Now, we actually live on the border of PA and OH, so the Internet loan would actually fall under PA jurisdiction. The lender is, I believe, PayDayOne, and the amount of his payments have definitely exceeded the original principal. I also saw that 2/1/09 is a key date in PA, and I know that he made the loan after that date.
Anyway, I'm hoping to talk to him about this and work out a plan of attack with him tonight. What information should I be looking for from him? Any help would be greatly appreciated.
KJ
I just found this site today and have been wading through all of the useful information.
I was visiting my parents last night and I came across some documents in my brother's room showing that he had several payday loans. He was really embarrassed about it and has been very hesitant to talk to me, but I want to help him figure out if there's anything that he can do. I don't have all of the specific information yet, but I wanted to lay out what I know to figure out where we should go from here.
I know that he has four pd loans, 3 from storefronts in Ohio and one from the Internet. I don't know the specific amounts, but I'm assuming that they're all in the neighborhood of $500 to $650. I know that of the three OH storefront loans that he has paid in excess of the principal on two of them and is close on the third one.
Now, we actually live on the border of PA and OH, so the Internet loan would actually fall under PA jurisdiction. The lender is, I believe, PayDayOne, and the amount of his payments have definitely exceeded the original principal. I also saw that 2/1/09 is a key date in PA, and I know that he made the loan after that date.
Anyway, I'm hoping to talk to him about this and work out a plan of attack with him tonight. What information should I be looking for from him? Any help would be greatly appreciated.
KJ
If he hasn't defaulted on them yet he might be eligible for an E
If he hasn't defaulted on them yet he might be eligible for an EPP (extended payment plan). Click on the link below and refer to number 11, it explains the EPP.
http://www.cfsa.net/industry_best_practices.html
