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Payday loan company gave me their copy of the contract.

Date: Thu, 04/15/2010 - 11:16

Submitted by anonymous
on Thu, 04/15/2010 - 11:16

Posts: 202330 Credits: [Donate]

Total Replies: 12


Can they still cash the check? lol


If you borrowed money from a storefront PDL company, they're likely legal. You owe them what you agreed to in the contract and if you don't pay them on the due date, they will attempt to cash the check you gave them. If they don't receive the money you owe, collection procedures will ensue.

Who is the PDL company? You may be able to set up an EPP with them. Have you tried calling them and trying to negotiate a payoff in installments?


lrhall41

Submitted by OhioGal1 on Fri, 04/30/2010 - 09:30

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Quote:

Originally Posted by OhioGal1
If you borrowed money from a storefront PDL company, they're likely legal. You owe them what you agreed to in the contract and if you don't pay them on the due date, they will attempt to cash the check you gave them. If they don't receive the money you owe, collection procedures will ensue.
Who is the PDL company? You may be able to set up an EPP with them. Have you tried calling them and trying to negotiate a payoff in installments?


No I haven't the company is CCS. Continental Currency Services. I don't know if they do that in California. I've paid it off once before, but basically I've had it for years. To the point that it would have been paid of many times from the fee alone.


lrhall41

Submitted by on Fri, 04/30/2010 - 09:37

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Storefront payday loan companies are legal at your borrower,that's why if you you have lend money from them then you have to pay it off.If you don't pay them on time then they will try to encash the post dated cheque you issue to them...So.if you are really facing problem to pay them every month,try to contact them & work out a payment plan for yourself...


lrhall41

Submitted by shane rogers on Mon, 05/03/2010 - 11:25

( Posts: 33 | Credits: )


Quote:

Originally Posted by Anonymous
No I haven't the company is CCS. Continental Currency Services. I don't know if they do that in California. I've paid it off once before, but basically I've had it for years. To the point that it would have been paid of many times from the fee alone.

They're listed as a cash checking service, do you have a pre-dated check as collateral? If I were you, I would take a closer look at your contract to see if the loan you obtained was an installment/short term loan or payday loan, and read the CA payday loan laws below to make sure they are charging you what is allowed by law.
http://www.paydayloaninfo.org/stateinfo/CA.asp


lrhall41

Submitted by Shazzers on Mon, 05/03/2010 - 11:31

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