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need help with pdl

Date: Tue, 06/01/2010 - 15:06

Submitted by anonymous
on Tue, 06/01/2010 - 15:06

Posts: 202330 Credits: [Donate]

Total Replies: 13


Hi can someone help me. I have 6 payday loan open n i can't afford to pay them back Im on SSI making 845 a month i been paying for the interest fee only. I went to close my bank acc n the bank can't close my acc yet due to pending some of the payday loan post my check in. I took out all the money that is left n i have a -$300. Im so stress out! I don't know where to start.


Quote:

Originally Posted by Shazzers
First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I have 4 up front store n 2 online I'll list the 2 online first. 1st check n go $300
speedy cash 236
ace cash express $300
sun cash $200
payday loan $200 Im residing in San diego California.


lrhall41

Submitted by on Tue, 06/01/2010 - 17:09

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Quote:

Originally Posted by Anonymous
I have 4 up front store n 2 online I'll list the 2 online first. 1st check n go $300
speedy cash 236
ace cash express $300
sun cash $200
payday loan $200 Im residing in San diego California.
also money tree up front store. $300 I have so many place mistrack. I been paying for the fee for 1 1/2 years now reloan n reborrow. Now i have unexpecting bill then i can't pay. Im so embrassed to talk to anyone.


lrhall41

Submitted by on Tue, 06/01/2010 - 17:11

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Your payday loan laws are at the link below:
http://www.paydayloaninfo.org/stateinfo/CA.asp
Internet payday lenders are required to be licensed in your state, if they aren't then all you would owe them is the amount you borrowed less any fees and interest.

I need to know which 2 are store front lenders and which 2 are Internet lenders.


lrhall41

Submitted by Shazzers on Tue, 06/01/2010 - 17:13

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Check n Go and Ace Cash Express are both legal lenders, they are both members of the CFSA ( Community Financial Services Association of America).
http://www.cfsa.net/MemberList.aspx
That means you are eligible for an extended payment plan, read about it at the link below:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html


lrhall41

Submitted by Shazzers on Tue, 06/01/2010 - 17:16

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
Your payday loan laws are at the link below:
http://www.paydayloaninfo.org/stateinfo/CA.asp
Internet payday lenders are required to be licensed in your state, if they aren't then all you would owe them is the amount you borrowed less any fees and interest.
I need to know which 2 are store front lenders and which 2 are Internet lenders.

The 2 inernet is check n go and speedy cash the rest is up front store.


lrhall41

Submitted by on Tue, 06/01/2010 - 17:17

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Speedy Cash is also a legal lender, except they aren't members of the CFSA. The extended payment plan on the other three should be helpful, as once you sign up for it, the interest stops and you pay it off in 4 separate payments. You need to request the EPP before your next payment is due.


lrhall41

Submitted by Shazzers on Tue, 06/01/2010 - 17:21

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Quote:

Originally Posted by Shazzers
Speedy Cash is also a legal lender, except they aren't members of the CFSA. The extended payment plan on the other three should be helpful, as once you sign up for it, the interest stops and you pay it off in 4 separate payments. You need to request the EPP before your next payment is due.

My payment already due! All due on June 1 2010. So tell me what should i due now . What would happen to my bank acc.


lrhall41

Submitted by on Tue, 06/01/2010 - 17:24

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Quote:

Originally Posted by Shazzers
Your account is still opened?
yes they won't close my acc cos i have pending transaction n now i have a -$300. Im banking with chase. thank you so much for helping me n advising me =). remember im only recieving SSI for 845 a month and i have 2 kids to feed n rent to be pay n unexpecting bill. I know i did it to myslf got myself in this whole mess.


lrhall41

Submitted by on Tue, 06/01/2010 - 17:31

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