I fell into the trap.
Date: Tue, 12/01/2009 - 15:33
I know that the obvious choice is to prioritize the car payment. But how do I go about stopping the refinances/payments from happening? I am totally unsure on that first step to stopping this. Do I close the bank account? Just put a block on all ACH debits? End my direct deposit?
Also how do I pay them? The most I can afford is about $200 per paycheck(twice monthly). Do I pay one at a time? Pay them all in small amounts at a time?
Any advise would be greatly appreciated! Below is a list of all my loans/fees and their lenders. SCP I am about to give the finger for a violation of contract.
350 62 Checkngo
400 70 cashnetusa
400 70 paydayone
300 90 united cash loans
300 52 urgent cash advance
300 50 ACE cash
350 105 SCP
Click the link below to read your payday loan laws: http://www.p
Click the link below to read your payday loan laws:
http://www.paydayloaninfo.org/stateinfo/AZ.asp
Arizona requires Internet lenders to be licensed by your state, click the link below to see if any of your lenders are licensed:
http://azdfi.gov/Lists/Lists.htm
Meanwhile I need to do some research but will be back shortly with more information.
Click the link below to see if any of your lenders are members o
Click the link below to see if any of your lenders are members of the CFSA ( Community Financial Services Association of America ) if they are, then you are eligible for the EPP (Extended payment plan), I will explain that in a minute. http://www.cfsa.net/MemberList.aspx
By the way, CAshNetUSA is not a payday lender, so they would not follow the payday loan laws and are usually perfectly legal in what they charge. PaydayOne is usually a legal lender also, I am not sure if they are lending as a payday lender or a personal type of loan, nevertheless you will need to find out, call the DFI and ask. I'm pretty sure they are legal, therefore, you will need to make some type of payment arrangements with them, you do have a few lenders who are not legal in Ohio, as soon as I gather more information I will help you plan a course of action. For now, only worry about the legal lenders and not the unlicensed ones, they can wait. Be back again.
Read about the EPP at the link below, number 11. http://www.cfsa
Read about the EPP at the link below, number 11.
http://www.cfsa.net/industry_best_practices.html
Checkngo is a member of the CFSA so you will need to print out the information about the EPP, and print out the page that shows Checkngo as a member. Tell them you want the EPP. If they refuse, then tell them you are going to contact the CFSA and their corporate office and complaint that they are not following the rules set forth by the CFSA.
Is that Ace Cash Services or Ace Cash Express? One is legal and the other is not so it's important that I know which one it is. Which of these are Internet loans?
I know for sure that United Cash Loans are not licensed to lend
I know for sure that United Cash Loans are not licensed to lend to Ohio residents, if that is Ace Cash Services they are also unlicensed, if the other two (urgent cash advance and SCP) are payday Internet lenders than they are not legal either. CLICK HERE to find out how to deal with illegal lenders.
Sorry, StarCashProcessing. As for the internet lenders, none of
Sorry, StarCashProcessing.
As for the internet lenders, none of them I can find on that site so I assume that means they are illegal? However, 2 of them(checkngo and ace) have stores in Phoenix. I assume I will have to deal with those two first.
Quote:Originally Posted by AnonymousSorry, StarCashProcessing.
Quote:
Originally Posted by Anonymous Sorry, StarCashProcessing. As for the internet lenders, none of them I can find on that site so I assume that means they are illegal? However, 2 of them(checkngo and ace) have stores in Phoenix. I assume I will have to deal with those two first. |
I would deal with the legal ones first and foremost. Read the link I gave you above on how to deal with illegal lenders, there's a lot of helpful information in that thread.
Yes, thank you so much for this help. After my rent posts I will
Yes, thank you so much for this help. After my rent posts I will be immediately closing my account and starting a new one. As for the two in AZ who are licensed I can pay one off in full now and the other I will work with.
Thank you so much again, I now know where to start.
Quote:Originally Posted by AnonymousYes, thank you so much for t
Quote:
Originally Posted by Anonymous Yes, thank you so much for this help. After my rent posts I will be immediately closing my account and starting a new one. As for the two in AZ who are licensed I can pay one off in full now and the other I will work with. Thank you so much again, I now know where to start. |
Please keep us posted on your prgress, and good luck!
Update! I have closed my bank account with BofA. Now to get in
Update!
I have closed my bank account with BofA. Now to get in contact with the storefront stores and setup payment plans and to get emails/letters out to the internet lenders.
Quote:Originally Posted by AnonymousUpdate! I have closed my b
Quote:
Originally Posted by Anonymous Update! I have closed my bank account with BofA. Now to get in contact with the storefront stores and setup payment plans and to get emails/letters out to the internet lenders. |
Your getting there, keep your chin up!