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PLEASE HELP! Payday loans are killing me

Date: Mon, 06/15/2009 - 18:14

Submitted by anonymous
on Mon, 06/15/2009 - 18:14

Posts: 202330 Credits: [Donate]

Total Replies: 1


I too am caught in the payday trap. I live in WI, which I know is very loose on pdls. All of these loans are store front, are they all legal? Easy to work with? Check n Go, Check into Cash, PLS Loan Store, Ez Money, National City, The Cash Store, Advance America, American Cash 2 Go, NorthStar Loans and National Quick Cash. Most of these I have already paid the pricipal off.


Yes they are all legal in WI if they are storefront.

Check n go you need to contact corp. office. My check went back NSF and they sent me to a collection agency and I made payment arrangements with them.

Advance America you can go in BERFORE your due date and ask for the EPP (extended payment plan) and they will break down the loan into 4 payments and stop all interest fees. I ended up having to stop payment on the checks and they let me pay $50 every 2 weeks to pay them off.

The Cash Store you will need to contact corp office. They had to get my check back NSF and then I had to pay it within 90 days. Corp. for them is under the name Cottonwood Financial.

Sorry I don't know anything about the others. But what you should do is talk with the store manager and let them know that money is tight and you can make the payments and if there is anything that they can do to help, like a payment plan. If that doesn't work then call corp. and ask how they deal with defaulted loans and try to make arrangements with them. Or if that doesn't work you could check into Chapter 128, WI offers this. I have heard some good and some bad things about this. But it is a way to get a handle on all of the loans.


lrhall41

Submitted by puddlejmpr on Mon, 06/15/2009 - 18:55

( Posts: 1634 | Credits: )