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Online Payday Loan Help - Live in California

Date: Tue, 02/22/2011 - 09:38

Submitted by californiapdl
on Tue, 02/22/2011 - 09:38

Posts: 6 Credits: [Donate]

Total Replies: 7


Hi there -

I have 10 payday loans from the following companies:

Ameriloan
Speedy Cash (I checked and is licensed in CA)
VC Funding
Spot On
Paycheck Now
One Click
Eastside Lenders
Adavantage Cash Services
Tior
Payday One

I have successfully closed my bank account and am receiving a tax return that could cover the balances owed to all of these lenders (about 6k+). I have, however, paid most of them more than the amount loaned after several months of paying the finance charges. Luckily I make good money and am able to pay them, but am sick to my stomach with how much money I have burned in finance charges (probably 8k+)....yuck. Do I pay these lenders in full or save my money? I will pay Speedy Cash regardless since they are licensed in Calilfornia, but what about the rest? Does anyone have experience with these lenders? I just want to be done with this, but also don't want to waste any more of my hard earned money on paying these illegal lenders above the amount originally lended.

Thanks in advance for your help and support!


I don't know whether these companies are legal in your state. However, if these companies are not legal in your state, then you are only required to pay the principal amount. You don't have to pay the interest rates and other charges. If these companies are legal in your state, then you can work out an alternative payment arrangement with them. You can also go for payday loan consolidation.


lrhall41

Submitted by on Wed, 02/23/2011 - 02:49

( Posts: | Credits: )


Thank you so much for your help and support! I truly appreciate the resource and know that others do with the helpless feeling payday loans can cause.

Within 24 hours I received a paid in full email from Paycheck Now and will continue to work on the rest. They had told me it would cost $767.50 to resolve that account alone. I am relieved and happy to have one crossed off the list. (plus the 3 legal ones I paid off)

THANK YOU!


lrhall41

Submitted by californiapdl on Tue, 03/01/2011 - 19:59

( Posts: 6 | Credits: )


I successfully got another paid in full email from Spot On Loans. They tried to ask for a $200 settlement offer, however, this company has literally made thousands off of me as the company I have used for a year or 2 off and on. They used to be called Impact and PDL Ventures in case someone still has a loan under those names. I wrote back that I refused to "settle" and that in fact they had illegally taken thousands of dollars from me above and beyond the principle. I told them I should be asking for a refund and that it was in their best interest to send an email stating paid in full or I would go to BBB, Attorney General, and FederalTrade Commission. Now that I have a paid in full email I will go for a refund. Why not? Who doesnt want over a grand back?

Thanks


lrhall41

Submitted by californiapdl on Wed, 03/02/2011 - 09:14

( Posts: 6 | Credits: )


And yet another success....VC Funding sent an email today stating "paid in full". This was so easy I have questioned myself on why I didn't take the forum's advice sooner.

Note to others...I DID have to close my account with Bank of America to make this happen, but I did it over the phone and they easily blocked all future ACH attempts.

Now to consider seeking refunds for the large amounts of illegal interest I paid above and beyond the principle...


lrhall41

Submitted by californiapdl on Thu, 03/03/2011 - 10:53

( Posts: 6 | Credits: )