Serious Debt

The people on here are great they will find a way to help you.. One of the things that is needed is for you to list out who the loans are with, how much they are for and how much has been paid on them and which are store front and which are internet and someone will be along who can help you more.

Here is what I found for Mississippi PDL Laws, someone with more knowledge than me should be along shortly to help you.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Good job, blue! Shantel, the internet loan your sister took out with Think Cash, I do believe is actually an installment loan. The store front loans, I'm wondering if you could call the bank and ask them about her writing checks without your consent. See what they have to say. Then, with information from the bank, contact the store fronts and explain the situation. Find out first from the bank what your options are. This is kind of sticky. She's writing checks, but you're supposed to authorize them. Can you call the bank and see what they have to say? I do know that you will need to call the store fronts and see if you can work something out with them. As far as Think Cash goes, it's more of an installment loan than a pdl.

Cannr depending on what storefronts they are they might fight with her about working with her even though they shouldnt have taken the checks in the first place. I dont really know anything about Think Cash to know if they would work with her or not.

I agree about the store fronts. They will argue. That's why I suggested maybe she call the bank and see what they say. I really don't know if it would help or not, but it's certainly worth a phone call. She might get good information to have on hand when she contacts the store fronts. I'm hoping so anyway.

Me too, due to the unusuallness of the situation they might shock us all and be willing to work with her on getting them taken care of.

I wonder if there are any legal implications on the side of the PDL for taking the checks from the sister without Shantels signature. They should not have taken them, maybe that will force their hand and make them work out payments with Shantel.

HI there...

What indicator on the face of the check REQUIRES both signatures? I says your name for her but what is the requirement? Do you have legal power of attorney or is it more or less an informal arrangement?

I just wanted to help clarify that because when you say that you are over her money, what exactly does that mean and how would the check acceptor know that? THe did payday people cash them? If not, they were never "presented" for payment.

Cann, I thought Thinkcash was a payday loan??? I just went to the website and it certainly appears to be.

jen, I recall goudah correcting me on this one. Think Cash is considered an installment loan like Cash Call. Was news to me!

Are the terms as awful as Cashcall's?

I really don't know. Because I was under the assumption that Think Cash was a pdl. That's when goudah came on and said it is an installment loan. Then I asked "along the same lines as Cash Call?" And she said yes.

Shantel-The short answer on this is yes, you (or someone) is going to need to pay back the pdl's even though they werent supposed to take checks unless you can prove they knew they werent supposed to.

In light of that, they really should/need to make arrangements with you.

Think cash is backed by the First Bank of DE. All loans through them are backed by the bank & considered installment loans which are legal. If it were Pay Day OK they would be considered a pdl...Think Cash is not. The disclaimer at the bottom of their page states the loans are through First Bank of DE. I have an installment loan with them.

The Store front loans are
1.The Money Store-check written for $400 and get $328
2.Quik Cash-check written $368 I think and get $300
3.Money in minutes $368 and get $300 back (I think)
The last one I am not sure about.

shantel, here's the deal. Unless you can somehow (as volley stated) prove that those checks should not have been written without your signature also (or whatever the rules are), your sister/you will need to pay these store fronts back. In your situation, the best thing to do is contact each store front. Speak with the manager. Explain the entire situation. And then ask for a payment plan. They're going to want their money; however, tell them it is not possible to PIF. No way. Tell them the situation again. Then tell them again you will need to make payments. Most will set you up on a payment plan. Some will give you another 30 days to pay. They will all be different, but you need to contact each one. You might be surprised at how easily some will take payments. Then you might run into the ones that are nasty. However, if you are unable to PIF, then you are unable to. They basically just want their money back. Contact each one, speak to the manager, explain what happened. Then post and let us know what's going on. And, take the check book away from your sister! :D