Washington State - 3 payday loans - how can I get out of the cycle?

Hello Talin,

Are these pdls directly taking money from your account? If so, then you may send each of them letters revoking their rights to debit money from your bank account.

By the way, have you checked the legal status of all these lenders in your state?

All three pdls had me give them a check. Two of them had me write it out, Ace just printed void on it.
How can I check the legal status? I'm positive that Check into Cash and Money Tree are legal, I used to see their commercials ALL the time.
Edit: I forgot to mention that Ace and Check into Cash expect me to come directly to their store and pay them cash, whereas Money Tree will take it directly out of my account if I don't.
I have until Sept. 3 to figure it all out.

IMO you need to work out repayment plans with the other lenders too. Hope they would allow you to set up a repayment plan with them if you inform them that you would default if they don't agree to it. Since the pdls are legal, you have no choice but to repay what you owe to them.

If they are members of CFSA let them know that you would like to enter into extended payment plan with them.

The extended payment plan or EPP would grant you more time to repay the loan without incurring further costs on them.

I will try, but I am nearly positive they wont. I just had a payment plan with Money Tree and recently payed it off (2 months ago). They said I'm only allowed one per year, so it will be spring 2010 before I can.
With the other two, as far as I know you have to have 4 consecutive loans before you can do an extended payment plan. I've only had 2 with each of them. :(
Is there nothing else I can do?

You are being given the correct information from all three companies. If you need to work out arrangements, do not deal with the store level personell, but call the corp office. All of the numbers can be found using Google.

can anyone tell me if ameriloan Namakan capital and salaryfast.com all internet pdl companies are licensed in this state i cant find any where more information on any of these people

No offense but, I keep reading on this site how many people have "beaten" the pdls and gotten out of paying them. I'm not trying to do that, just simply need to work out a payment plan. Yet I'm getting little help with that. Thanks.

really troublemaker,and where do you see that?we always advocate paying back what you borrowed.your verbage is untrue and confrontational.why don't you elaborate.are you the OP of this thread?or are you a pdl employee.nobody has gotten out of paying pdl's here.

I'm not trying to be a troublemaker, I'm being honest and what it seems like to me. I come here for help, I read that one bragging thread where someone got out of paying the pdl because it wasn't "legal". Yet I'm in a bad situation and may have to close my bank account if they aren't willing to work with me, and I get very little help and am told to just call the corporate offices.
I'm doing that in a little bit, but I will bet you, they will NOT work with me.

so you are the OP.which thread was this on?i guarantee you that person would not be welcome here then.if you can login again i'm sure you can PM pdlowner and he can help you behind the scenes.i saw you did register.

I'm sorry I thought the quick reply was me. I'll login again.

If you're the OP, the issue is that your loans are with legal, licensed lenders. They are following the regulations set forth by the state of Washington and have the right to conduct business as the regulations instruct them to. From what was stated in the opening post, they have done nothing wrong.

talin,

Check your messages...

I just called Ace and Money Tree. MoneyTree extended it to October, Ace wouldn't budge, and they said it will go to collections if I can't pay the full amount by the very end of september. I still can't find the corporate number to Check Into Cash.
@PDLOwner, I just checked and it says I have no PM's. ???

Go to the top right of this page and click "My Page"

Ok thanks, I found it. And thanks for your help. :)

Can someone help me write a letter to the pdl's revoking their ACH rights, and asking them to not contact my friends so I can atleast put it on hold until I can pay them?

Check the 12th post in the following thread for the format of ACH revocation letter. You may customuize it to suit your needs.

http://www.debtconsolidationcare.com/paydayloan/cashdirect-netcashusa.html

funny, I tried the local pay day loan places here in WA state they denied me, but online they approved me... funny how that happens, but all those places are local and regulated and legal.

First and foremost, stop stressing over things you can't control, yes you owe the money and they may not work with you, but take a look at your situation and concentrate on what YOU can do. If it means closing your bank account then do it. Trust me I have done it before didnt want to but I did what I had to do to get out of my situation. I am not debt free but I am paying off the debt and I stopped worrying about all the what if's. You can always get a prepaid debit card if you need one and just pay what you can. We all dont like collection companies but again do what you can to keep yourself sane and above water and in time it will work out.

I did my best to work with the pay day loan people and or collection companies. The first thing you need to do is work on a sound budget. If you cant do that then you wont get above water. Work on your budget then find where you can cut down on cost. Use that savings to pay down those loans. Pay one loan off at a time if that is what it takes. Don't get yourself further behind, start to get above water.

Easy to type it I know but in time things will work out.

Hi, I can't seem to log into my account? I'm the OP of this thread. Was I banned? I saw I have 5 pm's but can't get to them. Can anyone help?