help
Date: Thu, 10/27/2011 - 08:44
1000 Checksmart
1140 Cashland
1000 ChecknGo
500 Advance America
1000 First American
600 Hometown Cash Advance
Dont know where to start - I cant have them calling my work or references. But the weight of the fees is making everything worse..So I have to stop the bleeding. How should I go about getting extended payment plans and stopping the interest? How long will they give me to pay?
Thanks
Hello Videogames4U1
The loans are legal in your state. But only at a low cost finance charge and no rollover fees. So they are in violation of the states laws. You now have to send all of the companies a letter revoking their ACH debt priviledges via fax, e-mail and or Certified US Postal Mail. Immediately after that send those companies a letter of Validation ( which you will find a copy of on this web site ). But I will tell you this these companies are devious and will attempt to take out the total amounts of money they believe they are owed. You will need to keep your account with the bank in positive in order to close the account. So when you send these letters make sure you account is in good standing and CLOSE YOUR ACCOUNT. Next you will probably receive phone calls from Collections Companies informing you that you owe these companies money. Do Not verify any debts they believe you owe with the companies that hired them. Just request an address and a fax number where you could send them a letter of Verification ( which you will find a copy of on this web site ). Again Do Not verify any information other than your name and address. Also read the consumer protection law on the Ferderal Trade Commission web site. I hope this helps.;)
Seca, please do not respond to posts if you don't know what you'
Seca, please do not respond to posts if you don't know what you're talking about.
Poster, are all of these storefront loans? Are they all PDLs or are some of them via CSOs or installment loans? I need to double check, but I'm pretty sure all of these lenders are licensed in OH.
Please answer my questions and I'll be back with more info.
I think you should contact with the Ohio Division of Financial I
I think you should contact with the Ohio Division of Financial Institutions in order to know whether or not pdl companies are licensed in your state. Their contact detail is as follows:
# Address - 77 South High Street, 21st Floor Columbus OH 43215
# Phone - (614) 728-8400
If you find that they are licensed to operate in your state, then you will be accountable for both the principal and interest. In such a case you may enroll in a payday loan debt consolidation program which will help you to replace your multiple bills into a single monthly payment.
