Who invented payday loans?

I’m only asking, is because I’ve been trying so hard to get out of them. I do at one point,. But that’s only by closing my checking account and than settling it by a fraction of the cost. It’s quite aggravating! The interest is so high. You have to take out a payday loan to pay off another one sometimes! I mean a lot of people have money problems, I Just wish I never had gotten into it. Is anyone else in this situation? And how did they get out of it? I have a cash advance opened through my bank account..and I’m trying so hard (without being extremely broke) to get out of it. It’s not even high.

overdrawn on my checking account by $800.00us just lost my house and do not know how to get out of this. help?

i filed bankruptcy and am trying to figure out the best way to pay this without a payday loan which would make matters worse

Payday loans question?

My friend has to pay 94 dollars or else he goes to jail. He has a savings account but not a checking account. Is there any companies that he can get roughly 100 dollars from without writing a check? Can he write a check from his savings account? He makes roughly 2,000 a month. We’re outside of seattle, wa

what can I do about unauthorized checking account with drawls form unknown businesses?

I had to get me a payday loan over the internet.Everything seemed fine and I got the loan,but 2 days after the loan money was deposited in my account,”companies” , I don’t even know, started to with draw money, for different things, out of my bank account without my knowledge. At first I thought it was just a mix up in the account number or something like that, but it happen 3 times, always a different company. I did get a refund from one of them,and still waiting on a refund from the others.But the last transaction from one of them left my account with an overdraft fee.
What can I do to stop these actions? without closing my account.
I’m almost afraid to deposit any more money into my account,but yet, I have to pay for the overdraft fees the banks charges me.
Can I contact the BBB and report the Loan company as ” illegit”? or report the companies that withdraw money from my account?
Can I take any legal actions against those companies? if so, how would I go about it?
Please don’t give me answers like; “you should have known better” or “how dumb can u be”.
At this moment I need “helpful answers” not a “blame”.
Thanks for all the answers,and I do apreciate the first 3 I have received,thank you.
The restof you did NOT give me an answer to my Question, but rather gave me “New Offers” to get a loan, with their loan company.
I did NOT ask “where I can get a loan”, Read the Question! Please.

I need to know if a payday loan company can legally charge 125% interest without telling you in the agreement?

I borrowed $ 200 from an online lender and the agreement said my total repayment would be $260.
I thought that was a bit steep as is. so I called on the phone and was told that that is the total charges i would be required to pay. now that the loan is repaid they say the $260 was just the finance charge and now I owe another $260. I refuse to pay 520 dollars for a $200 loan. What are my rights? they have my checking account # and the payments have been coming out eletronically.

Does anyone know of a direct lender for online payday loans?

One with no credit checks. I can’t find direct lenders. All of them so far have been wishy washy.

Payday interest too much….?

I had to take out $2500 in payday loans to pay some emergency medical bills. The interest alone is going to cost me $550 each pay period (twice a month). I know all of the horror stories of taking these out, but I had no one else to get a loan from. I looked up several companies that say they can negotiate with the payday loan lenders, just like when you consolidate credit cards. I was wondering if anyone had ever heard of or knew anyone that had done business with PDL Assistance or Langhorne Debt Solutions. PDL Assistance told me that I could have these paid off in 10 months with a $230/month payment. They will email me the contract and I have to send them the form back that authorizes them to talk to my 3 lenders to negotiate the loans. They will also send me a form to take to my bank that will stop the 3 lenders from withdrawing any further debits from my account. They did not tell me to close my account. Any suggestions?

when a lender tells you that you need a voided personal check to get a payday loan how do you get it?

I have never had a payday loan before and I was wondering do I go by a check from the store and write void on it or do I have to stamp it or what do i have to do because I have no Idea.

Where can I find a “hard money” lender for a personal unsecured loan, without being a payday loan. Need $4k.

are big banks behind the proliferation of payday lenders?

payday lenders do not report to credit bureaus, big banks can keep you trapped in the turn down cycle, while still making money off you without approving you for a traditional loan, is this not a violation of the ecoa act of 1974?

Real Payday loans online?

Are there any real payday loans online that don’t keep sendng you to one site after another?

What is the deal with these online advance payday loans?

The bills aren’t added up right and i need some extra cash for my shots for LPN school.
My question is: Do these things work and how? Do they go off credit? How do they determine how much you will get?
i’m in florida

what online payday loans are real?

I need a payday loan that i can get online that isnt a bunch of b.s

CAN YOU GO TO JAIL TN ONLINE PAYDAY LOANS IN TN?

I have been threathen to be put in jail for a payday loan that is over two years ago. I was told to get a prepaid debit card and put their money on it or I will be going to jail is this so, I closed the original account that I got the loans with. I live in TN.

How do Online Payday Loans work?

I get cash advances from time to time. But the only company I did business with moved their office. They are now almost 45 minutes away. A couple of friends say I can just get a payday loan online. But they couldn’t tell me how it works?

I liked that payday loan office because they knew me. And they never asked to check my credit report. It is not that good. Will a online cash advance service require a credit check?

should i get some payday loans?

i know this sounds terrible, but hear me out. i am pretty unfamiliar with payday loans.

i am going across the country with a friend this summer, and i will need some cash. i am currently unemployed in northern new england and i have yet to find a job. the situation is quite dire up here, and i’m sure some of you know how it is.

anyway… if i can’t find a job when the time comes, i was thinking about getting some type of easy loan (i.e. a payday loan?) as my credit is very poor and i have no source of income. i have seen some online payday loan companies that claim they do no job checks – however im not sure that this is true… i’ll look into it further.

my question is such: what legal rights do they have? i know there is a contract and yadda yadda but will the retaliation be anything more than the usual daily harassing phone calls? because i’m used to that already with my college loans and credit card debt, and it really doesnt bother me. so ar am i not in any legal trouble, and i really dont want to end up in court (although i suppose even if i did they wouldnt really be able to squeeze me dry, considering i am a broke ragamuffin).

keep in mind after i get these loans i will be travelling to and perhaps staying forever on the other side of the continent. SO! please keep an open mind and give me your opinions.

thank you!!!
im aware that you need a paycheck, BUT as i mentioned in my original question i have seen companies online that claim they do not check for jobs… i’m not sure how true that is though.
so yeah. read my question.

Where can I find a Private Student Loan that DON”T do credit checks?

I will be starting class online at University of Phoenix. My FAFSA and everything is not enough for my expenses. I need a private loan that I can payback once graduated. I need maybe 4-5 thousand at the most. NO ONE can co-sign for me so that is NOT an option. My credit score is in the low 500 so its not good at all. I would prefer a student loan but also if you could give me websites on loans period that would be good also. NO PAYDAY LOANS! and remember….NO CREDIT CHECKS……Specifically for Students or people in general with LOW credit score, NO credit or BAD credit.
And I dont need ignorant remarks, PLEASE ONLY RESPOND WITH HELPFUL INFO! I would like guaranteed APPROVAL… Thank You in advance

cash advance or payday metabank?

i know there is very few legit payday loans out there online does anyone know a payday or loan service with no credit check that works with metabank. no spam or people telling me how bad payday loans are but im in a bind a need one

Any legit non-payday personal loans online?

My boyfriend and I are trying to get get a personal loan, or any loan that we can for about $7000, $5000 of it to buy his sisters house. I have bad credit and everywhere we’ve gone in the past has told my boyfriend he doesn’t have enough credit history. We recently got him a credit card to start establishing credit, but he hasn’t had it long enough to really show anything. We are going to try the financial places around here, but I wanted to check and see if there’s any legit places online to try, we both work different shifts, so it’s hard to get together to go and apply. We have already tried lendingtree, american general, and prosper.com. Nothing for any of them. Lending tree is still pending, but I doubt it. We don’t have anyone to cosign for us, no family to borrow it from, and we don’t care how much the interest rate is. Thanks in advance.

Anyone done business with 5050loan.com?

I am asking this question for a second time, as all of the replies I received during the past several days, nobody seemed to read my question and just started providing links to various bad credit loan companies, payday loan companies, and companies that only fund loans up to $1,500. I am not interested in any of these loan companies. So please read my question before submitting your answer(s). Thank you.

In this case, if you have not received a loan via 5050loan.com, you WILL NOT be able to answer my question, so please do not bother to answer my question if you HAVE NOT received a loan through 5050 loan.com. Thank you for your understanding.

MY QUESTION:

After seeing various online ads provided by 5050loan.com (see some of their claims below), along with reading the positive feedback on 5050loan.com in Yahoo Answers already, I was already to try my luck at getting one of their loans. However upon going to their website today (08-03-10), they have a statement on their website that states: “AS OF JULY 19, 2010 WE WILL NOT BE ACCEPTING ANY NEW LOAN PACKAGE SUBMISSIONS DUE TO THE LARGE VOLUME OF SUBMISSIONS WE HAVE REACHED OUR MAXIMUM PROCESSING FOR THE MONTH OF JULY ”.

I have never heard of a business or company having to put potential customers on hold like this. Yet upon doing a little further online research of this company, it looks like they have over advertised and they seem to have quite a few ads on Craigslist and The Backpage and have ads on other various online advertising venues all over the country. Well it must be nice! I sure wish I could get a job working for them if they are that backed-up with business. SMILE! Yet upon reading a few media articles on this company, it seems that they work with several lenders and are not the actual lender themself. So I was wondering if anyone that has a loan through 5050loan.com, can you please provide me your lender name and telephone number. Because I somehow have a feeling that 5050loan.com is going to be swamped for awhile, and I would like to apply for a loan through one of their lenders, since 5050loan.com seems to be the only company out there that might be able to help a person like me in my financial situation get a loan for $25,000, yet if they are that busy at the moment, I hope by going to one of their lenders directly, I can have better luck to see if I can get a loan or not, rather than waiting for 5050loan.com to open their doors to start taking applications once again. Seeing that it is already August 3rd, they still have not updated their website to provide a status on when they will be taking applications again.

I would appreciate any help I can get. Thanks everyone : – )

Ernesto

5050loan.com states in their ad:

No Credit Check – No Collateral Required – No Co-Signer Required

No Bank or Checking Account Required – Garnishment Ok

No Job OK – Stated Income Ok – No W2 or Tax Returns Required

Bad Credit Ok – Repossession Ok – Charge Offs Ok – Bankruptcy Ok

Foreclosure OK – No Credit Ok

Loans up to $50,000 – No Upfront Fees

UP to $50,000 Unsecured Personal Loan

No Credit Check – Patented Identity Verification Check

I need a payday loan ASAP!!! It must have no credit check, no faxing and give an instant answer!!!?

MY DAUGHTER IS ATTENDING HER SENIOR PROM AND I DESPERATLY NEED TO GET A QUICK LOAN!! I CANT SEEM TO FIND A ACTUAL LENDER!! I KEEP GETTING THE MATCHING SITES HELP ME PLEASE!!!!!

I need a payday loan that don’t do credit checks.?

I have bad credit but I need just around $300 to carry me til payday. I am able to pay the loan in full on my payday but all the sites I jump on say no credit checks yet they do check credit. I am getting really frustrated as I need this money to tie up my utilities bill. I keep hitting walls

Is there any way to get quick loan with out credit check for peolpe with troubled credit?

By trouble credit I mean a hospital bill which I’m still being pursued by collectors even though a financial rep at the hospital told me I could and most likely would get help with the charges. She stated that I might be able to get some or 100% aid in this matter which was due to an accident where I avoided hitting an animal at cost of breaking my left meta-carpal. Next is a loan that was took out to repair the same car before that accident but was due to the KS Ice Storm which caused many wrecks and few or more deaths the first or second week of January 2005. I’d try to pay of the loan while working at the gas station on turnpike, however. Due to the somewhat great distance and role Butler Community College seemed/was lower than should be and required more focus. Also after the broken carpal accident, Navy Federal Credit Union approved me for card which not ask for, however. It did help me pay on some things and bills which I’d aquired and agreed to help family with and even by me another vehicle, well made big payment on one then had to still get a loan however. The latter was not truly fair as I had bought a 1992 Dodge (small truck) which less than 2 hours after started smoking and caught fire as headed toward El Dorado, KS to get on turnpike to get to work, cause that’s before I’d quit. The dealership said that not able to use lemon law nor were liable for the vehicle malfunction, thus why they talked me and my uncle into get another one from them.

Then I have my bank accounts which have many issues themselves. Bank of America is a charge off due to unauthorize use of card, due to being stolen, and not know it before wrote checks and then when did find out another issue happened and thus the cops told me that the only thing would get is 460 or little more as restution and BOA said that I’d been responsible as when the card happened to be took before had not noticed until activity not made by me happened and I’d only canceled and got another card since thought misplace or lost it, however. That was not the case and it happened be stolen by people who I just met and was ignorant in trying to help but was scammed and used. Then US Bank tricked me and caused me to have a check account in Topeka, Ks during summer 2008 thus when used my card and thought was savings debit card charged me fees when used it at places like turnpike, comic store, and few more places when balance was low. Thus not find out until the balance was negative and getting collection calls.

I’d not have job yet and was attending Washburn University full time, under Federal Aid and GI Bill, I also used Check Into Cash payday loans and Loan Max to help pay some fees, college, and more. I was successful for awhile until lost my job, was not able to enroll in college again due to hold, and lost car to loan max cause not able to pay of the loan from no money anymore. Thus during Fall 2009 Washburn University was therefore forced into forcing me out of the campus and if not had friends here since been here, I’d been on street or dead due to failure of not able to maintain proper health and security.

I’m currently in need of loan or way to help me get money in legal methods that will help me find stable home or allow me income for dealing with HUD Shelter Plus Care Program (finds homeless people homes). To allow me chance to be able to fully and properly apply for career that I want, such as for now a legal researcher or secretary until get BLS or other BA degree then become a Paralegal and leave it at that since not want more money to owe so not become a lawyer.

Thanks for help anyone if you can in the answers you might provide me.

Sincerely
James Thompson
PO BOX 2325
Topeka, KS 66601
(785)220-1485

Will getting a payday loan hurt my credit?

My well pump went out and the repair bill was $2400, I only have $2000 in savings, and no credit cards. I need to borrow $400 or the check will bounce. I hate to get a payday loan, but I feel I have no other choice. Will it hurt my credit to get one? Do they put an inquiry on my credit?

Aany for sure advance payday loan sites w/ no credit checks that I can use ?