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Paying off payday and installment loans -TX

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Hello everyone. Thank you for all the helpful information on this site. I am currently taking steps to end this vicious cycle and payoff these debts.

I have a few payday loans and 2 installments loans here in Texas:

Ace Cash Express (Installment)
Speedy Cash (Installment)
Check Into Cash (Payday)
CashnetUSA (Payday)
Advance America (Payday)
Check N Go (Payday)
Power Finance (Payday)

I ended up taking one loan to payoff another loan which was not smart. After reading and researching, the solution seems to be:

1. Close my bank account
2. Contact these lenders and ask for EPP

Is this still a viable option? I plan on closing my bank account tomorrow as the payments will hit this Friday...any other suggestions? Thanks!






Before closing your bank account, contact the legal lenders and talk about the Extended Payment Plan. Check out the state EPP laws too.

Sub: #1 posted on Mon, 11/13/2017 - 23:21

SC SC
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(Posts: 3937 | Credits: 397.45)

Thanks. I have contacted Check into Cash and they mentioned that you need to refinance 5 times before they allow you to enroll in EPP. They've help me out by not refinancing instead splitting the payments in 3.

I'll post an update with the rest.

Sub: #2 posted on Tue, 11/14/2017 - 10:23

FIN09162 FIN09162

(Posts: 2 | Credits: 0.35)

Great, try to make the payments as per the policy.

Sub: #3 posted on Thu, 11/16/2017 - 05:18

sanderspatricia29 sanderspatricia29

(Posts: 713 | Credits: 73.21)

It will help you clear these debts. So, make the payments on time.

Sub: #4 posted on Thu, 11/16/2017 - 05:27

Mabelle Page Mabelle Page

(Posts: 163 | Credits: 16.04)

Good work, try to keep up with the payment dates...best of luck.

Sub: #5 posted on Sun, 11/19/2017 - 21:45

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 32.8)

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