I have fallen into the trap as well -- 6 pd loans
Date: Wed, 06/09/2010 - 13:05
- KANSAS
- Quik Cash -- 500 Store
- Check n Go -- 500 Store
- American Payday Loan -- 500 Store
- Rent a Center -- 280 Store
- Cash 2 Go -- 300 Store
- MISSOURI
- Advance America -- 350 Store
As you can see I have a few, and each one was taken out to pay the other one off. I am now having problems with my own bills by having to pay 700 a month in fees just to keep reopening them. I'm to the point that I need to get out from under these or I'm going to start having to skimp on car payments to pay the fees to reopen them. I have thought about closing my bank account and have been going over the guides posted here to do so, but they all seem to deal with just the internet ones that do the ach debits. all of the places I have loans with have physical checks (I did have to sign a paper at each one that gave them the ability to process them electronically.) The first 3 I have paid and reopened since March several times. The smaller ones were opened within the last 3 weeks. Is there anything I can do? The payments are due back this friday. Thanks in advance, Chris Roberts
Hi there, I need to do a little research then I will get back wi
Hi there, I need to do a little research then I will get back with you.
Some of your lenders are members of the CFSA ( Community Financi
Some of your lenders are members of the CFSA ( Community Financial Services Association of America), see the link below:
http://www.cfsa.net/MemberList.aspx
Rent a Center, Advance America and Check n Go.
The other lenders MIGHT be members, you will need to call and ask them.
The three lenders I mentioned above offer an extended payment plan, see the link below to read about it, they won't tell you about it, you have to ask for it, before your next payment is due.
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
I realize that you can't get on the EPP with all these lenders a
I realize that you can't get on the EPP with all these lenders at one time, but you are already reloaning and paying off, so in order to get completely out of under them for good you will need to buckle under for awhile, so, perhaps you can do two EPP's at a time, and reloan on the other ones, then continue the process as you pay them off.
I would call and ask the ones not listed in the member list, if they are members of the CFSA, I wouldn't let any of them know what your plans are as far as requesting the EPP, just ask each of them when you are ready to go forward with it.
My problem with doing the EPP is it would actually leave me no m
My problem with doing the EPP is it would actually leave me no money to pay bills if I did it with all of the companies at the same time.
as of right now, to pay off all of my payday loans it's roughly 3085.00 including fees.
Do I have the ability to take charge of my own repayment schedule over a period of months that wouldn't put me in a financial bind every 2 weeks?
Can I go the route of changing banks and paying them off as I ha
Can I go the route of changing banks and paying them off as I have the money?
This is all assuming my bank will work with me on it.
Or a I looking at bad check charges in the future if I attempt to do this (bear in mind I gave them the ability to process them electronically.)
I just got off the phone with my bank, and they do not reopen ac
I just got off the phone with my bank, and they do not reopen accounts if they are closed for transactions. Basically they will return all transactions stating the account is closed.