Walk-in Payday loan company calling

Hi Missy

The lender will always appreciate you making the payment. If you can call them first before they do, and explain your financial problems, they will likely make some arrangements for you. Do not wait for them to call you. If this happens, you can expect them to be rude because they will feel that you were showing your irresponsibility in paying off the account. Well, that's not the case, call them and work on the payment plan. Keep a follow up through letters also.

We found that the walk-in ones were fairly to deal with. Call them, you might be suprised.

They will work with you, BUT after a certain amount of time they have to turn the check over to collections. I have dealt with them and they will work with you. I did not pay for like two months and they called and said pay it off or come in and pay the interest and we would be good.

Missy as everyone else is saying, be proactive, contact them and tell them what you can afford to pay, how often you will pay it and follow through with it. They will most likely accept it, although they may try and get you to pay more, be firm and offer to pay only what you can be sure you can handle. In general, they will work with you because that is t eh easiest way to get their money. It doesn't hurt to put the arrangement in writing either

Thanks Everyone for your responses...I feel better about this and will make arrangements with the company. :)

Missy, Keep us posted and let us know if you need any more help

From what I understand, store front lenders will work with you. I would call them and make payment arrangements with them. They can sue for check fraud. Store front lenders are a little different than online lenders. Store front lenders must be licensed in their state and have the licensed displayed in the store. Most of them also have you write the check for the same day you took the loan. I think they will be more cooperative than the online lenders that I am dealing with. Good luck and keep us updated.

Store front lenders usually are easy to work with and more understanding. They will help you out as long as you contact them and are honest with them. Good luck to you.

Mishele did you mean to say that storefront lenders cannot sue for checkfraud?

In my state, store front lenders can sue for check fraud if it goes unattended by the debtor. The checks are not postdated, they are written the same day the loan is taken out. They have to be licensed in the state before they can even open their doors. Online payday lenders are a little bit different but the majority don't follow any laws in my opinion.

This is something that passed in my state either last summer or fall. I've even contacted a local store front lender and it's true. They also told me it only gets to this point after several attempts have been made to collect the debt and no response from the debtor. I think store front lenders seem to be easier to work with but all of mine were online lenders so anything can go there.

amen to that. and I agree back when i was going through it, most of teh storefronts were easier to work with

Hi All: Thanks for your support and help on this..I contacted them and made arrangments on my loan..they did say if I did not follow through with the arrangements..they can take it to court?...Can I go to jail for $575?...I live in Maryland if that helps..

I doubt they will put you in jail but they can take you to court if the state allows it. I will have to do some more research when I get home tonight. I have to get back to work. :(

From Maryland secratry of state
FORFEITED
Owner (Primary) DALJIT BRAR
9085 ELMER CT

LA PLATA, MD 20646 4416
Location: CASH N GO
5391 ANNAPOLIS RD

BLADENSBURG, MD 20710
Renewal Notice Date: 07/19/2005
Expiration Date: 12/21/2005

More later when i have time to search, need to get off to a meeting.

Missy,

Check with the Maryland division or department of financial institutions on this, you can do a search through google or yahoo. They will probably have the laws regarding payday loans and lenders in your state that way. I'm sure if you keep up on the payments, nothing will happen to you. Hang in there. :D

I found this listing of citation to various state laws governing pay day loans on a consumer website. Due to forum rules I cannot provide a link, however you can cut and paste the remainder of the address into your browser. consumerlaw.org/action_agenda/payday_loans/content/PaydayLoanStatsbyState2005.pdf

Missy, it appears the Department of Labor, Licensing and Regulation (DLLR) is responsible for enforcing Maryland's Maryland Consumer Loan Law[color=blue][/color] their website is
http://www.dllr.state.md.us/ Hope that information helps you. Let us know how things are progressing.

Hi Clay,

Thanks for posting that wonderful website from consumerlaw. After taking out a space that was in the link, I checked it out and I think it is a great collection of information!!

~Mary

Thanks Clay. There was stuff on the consumer law site I wasn't aware of.

I agree, thanks Clay for taking the time to share that great website with us. I'm sure it will be helpful to a lot of us right now.

I want to thank all of you for your replies and help. This site is a godsend and has really helped me get through some tough times. I cannot wait for the day payday loan companies go out of business :P

They are on their way out as we speak. More and more states are banning them.

I was reading the state laws on payday lenders from this consumer law. Hmm, it's interesting but some of these lenders are breaking laws in their own states. I think I need to make these states aware of this, at least where my situation is concerned.

I'm dealing with a coupla' walk-ins here in Texas and they're a pain in the a$$! One is Star Financial and the other is Champion Finance. They call constantly even after I've made arrangements with 'em. I was faithful to both until I caved in under the weight of all the loans, but they treat me like I've never paid them a dime and I betcha' I've paid off both loans 2-5 times over. Serious. They don't trust me I guess, even after never missing a payment with Champion for 5 months and Star for 3 months. They both threatened to prosecute for "hot checks." I know it's only a collection ploy, but to treat a faithful customer like that is a slap in the face. I know I'm ramblin' and I do apologize. I have 2 more locals, made arrangements, pay them on time, and I hardly hear a peep. I hope that's what you're getting from your companies. Good luck and if you move to Texas, don't give Champion or Star any of your business. They treat their loyal customers like crap.

Notell,

Check out the website that Clay provided above. It lists the laws in each state regarding payday lenders, including prohibited acts. It states in Texas that the lender cannot pursue criminal charges to collect on the debt. If this has happened to you with these lenders, then file a complaint with your states attorney general's office.

Word!
Ya' know, I've been trying to decipher the Texas Payday loan laws and I didn't quite knew where I stood because Texas is a little more linient with the "sharks" than some other states. I'll be sure to check out Clay's site. Thanks

Notell,

It is a very informative site. Let us know how things progress for you. :)