Your Questions About Payday Loan Lenders Only
December 26, 2011 by Loans Guide
Filed under Payday Loans
Betty asks…
I’m not into lawsuits. Mostly.?
For instance, my oncologist had me receiving radiation treatments for a week on the assumption my cancer had spread to my spine and it turned out to be spinal stenosis and a bulging disk. I think my saliva glands are permanently damaged but if I sue my doctor who would take care of me? Stuff happens.
But, one stuff has happened that has my ire up. I have been through some hard financial times … once or twice (only) I had to take a short-term payday loan which I paid back right away. No problem there, saved me more than it cost in those instances.
Nowadays, however, a search for loans has you put in ALL your information then sends it to a dozen or so places to see who can offer you the best deal. Drawback here (stupid Laurie!!!) is they all have that information, including bank info. So I had a couple instances where lenders would take out money instead of putting it in 
. Talk about stupid!! I won’t make that mistake again.
Now, a different lender (not one of the ones who ripped me off before) is threatening to sue me for a loan they never made. I told them go ahead and sue me because it will take 2 seconds to prove I never received money from them. And then they can pay my lawyer. And maybe some extra for emotional stress. Grrrrrrr. They actually DO have ALL my information and want to sue me for ‘fraud’. I offered to send them my bank statement (they already have the numbers) so they can just let it go and after some arguing back and forth they agreed. So two minutes later I have it.
But. Can I countersue them if they take me to court? It would be nice to have a little money to leave to the kids. I might just be angry enough to do it. Is it feasible? They are using fright tactics (“we have 16 lawyers listening to this conversation .. like that wouldn’t cost more than they think I owe them ($215?)… I’m thinking if I don’t call back or send them the information I might not hear from them again. Maybe they figure most people who apply for payday loans are desperate and will imagine that they somehow neglected to pay and just give them the money. Dunno.
Do I play ball or wait and see what they want to do? Make them at least spend some more money with filing papers to get the information.
Yea that’s what I figured. I’m much calmer now.
So I don’t send them the proof so they’ll drop it? Just let them proceed if they want?
This just stinks of …. something …. anyway. I don’t think this is how lawsuits are handled. What I think is this is some bill collector or just a scam to get me to pay back money I never borrowed. That’s why I’m so ticked off. If I borrowed money I can make arrangements … I’ve got a few of those going that may or may not be paid off before I die. But I wouldn’t want anything to prevent my estate from settling.
Loans Guide answers:
Chill out even if you sue you won’t get enough money to “leave to your kids” and the only way you can sue is if they have broken the rules of engagement in collecting a debt.
STAY OFF THE PHONE it can only be your enemy and most assuredly stop sending them anything!
This is an inconvenience not your winning lotto ticket.
David asks…
Looking for a private lender?
I am in need of a loan but my credit score keeps me from getting one. I don’t want a payday or title loan but a real, legitimate loan. I own collateral, have a good job and own a home so I would be able to pay it back at a higher interest. The only ones I find on the internet are foreign loans from scammers who charge fees. Looking for an American lender who will be honest and sincere. I am only looking for a $10,000.00 loan . Please help.
Loans Guide answers:
As you already know the internet is full of scams.
No legitimate company will ever charge you a fee upfront.
The scam is simple. They charge an application, processing or even insurance fee.
Then they turn you down due to bad credit.
They never had money to lend in the first place, and they never checked your credit.
American scam sites turn up every once in a while since they are constantly being shut down, so make sure you don’t fall for a brand new site that just popped up overnight…
There is a site called Prosper . Com
It’s been around for a while (out a few months due to licensing problems about a year ago), but back in service.
They will of course, check your credit.
And you can pay as high as 59% interest on your loan.
The site has investors that will take a chance in return for big gains…
Sandra asks…
money help?
hi have tried to get a loan everywhere including payday etc but having just got back on my feet nobody wants to know i am now desperate earn good money but house will go if i cant come up with the goods and £5000.00 is a lot dont want any of these yahoo.com lenders fake all of them loan shark preferred as i need it quick like yesterday my number is 07971470945 only genuine calls please thanks all
Robert asks…
Where can I get $1500?
I am a student and my husband just went back to work after having a tumor removed. He needs a work truck and we found a great deal, but it is $1500 and our credit is not that good. We can get approved for payday advance loans, but do not want to use them. Does anyone know of a lender that does high risk loans for person to person auto purchases? Please help! We only have 3 days to get the money together!
Thank you!
Loans Guide answers:
Do NOT use a payday loan – they are over 500% interest!!!
You can get financing on a vehicle at pretty much ANY dealer. If your credit is terrible, some used lots will carry their own contracts. You might pay 20% interest, but that’s a heck of alot better than a payday loan.
Those guys are modern day loan sharks.
Sharon asks…
Bank Repossessing the car?
My car is being repossessed but it sounds and seems like I do have one last chance. I am not absolutely sure that I have this last chance because the bank representatives are not giving any straight answer to me and saying things that do not make any sense. I have offered them the following 3 things to resolve the situation:
1- Pay off all past due amounts, $350/mo times X 6 months = $2200
2- Setup automatic payment from my account every month
3- Pay $500 instead of the minimum due, minimum is $350/mo
The bank isnt willing to accept my offers at all and they are saying the following:
1- Pay $2577 by April 30th or wait for the tow truck to arrive any minute, infact the repo guys are already trying to locate the car
2- Since I am offering them to pay $2577 by May 1st (payday) instead of April 30th , they want me to pay an additional $350 because May 1st is when the next payment becomes due
3- According to them, f I pay only $2577 on May 1st then repo guys will still be tracking down the car and will repo it the moment they find it. In order to stop repo order, I must pay $2577 by April 30th or 2577+350= 2920 any time after April 30th. They haven’t told me if I pay the due amount by April 30th, when would the next payment become due.
4- They want me to always Wire Transfer the monthly payments instead of pay by phone or by check because the account is charged-off. It is a dead account now, not sure if paying all back due amounts will make the account Active. I have asked this question but they dont answer whether paying all previous balance will make the account active.
5- My payments used to be due on the 20th of every month but now it seems like they want money on the 1st of every month
I am not getting a proper answer from the representatives at the bank and they are acting like as if I have borrowed the money from them and not from the bank. I have a feeling that the they will repossess it anyway. Has anyone experienced something like this? Is there any repo law that I can refer to or any documentation I can request from the lender to find out what exactly is going on? The only reason I have made my offers to bank is that I have just gotten out some other serious financial problems and I am ready to take care of my car loan and expect to pay it off in the next 12 months easily. But if they are going to damage my credit by repossessing the car anyway then I want to make sure that I dont pay them a penny. Is there anyway I can find out what they are upto?
Loans Guide answers:
They can’t repo the car if they can’t find it.
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Tags: short-term payday loan, financial times, Most people, guide answers, Financial InstitutionsGetting A Payday Loan Online When You Need Extra Cash Until Payday
September 27, 2010 by Loans Guide
Filed under Online Payday Loans
Even in case you don’t have a car title or tons of valuables to put up as collateral, you can nonetheless get cash until payday when you need it to get you out of a urgent money problem. There are lots of lenders who are willing to extend payday loans to those that really need them, whatever the circumstances might be.
There are numerous different, yet valid reasons which will lead you to need just a little more cash until payday. It may be that your gas and lights are on the verge of being shut off or your truck is in danger of being repossessed. As a substitute for permitting these dangerous things to happen to you, it is better to seek out some short-term financial help to pull you out of the hole before it occurs.
If you’re having difficulty getting the loan you need at local payday lenders, you should always look on the Internet for payday lenders. Normally, they will lend you some cash until payday simply based on documentation that you’re employed and that you’ve got a paycheck being directly deposited on ongoing basis.
If that sounds a little far fetched to you, do a search online and find out for yourself. So long as you borrow responsibly and don’t go beyond the amount you’ll be able to reasonably afford to repay in the short-term, you can see that payday loans may be an invaluable resource for making ends meet during difficult financial times.
One nice perk to shopping around for loans through the Internet: you’ll be able to evaluate interest rates and services from completely different lenders to make sure that you get the most effective deal possible. Even when you plan on going to a nearby business to apply for a payday loan or different type of quick money loan, it’s in your best interest to look on-line to ensure there are not better options in your neighborhood.
If you borrow cash until payday through a lender online, you not only get the very best deal, but often you can get the cash transferred into your checking account quicker than if you walk right into a walk-in store and ask for the loan. The process is taken care of completely online and they can process your application and your loan funds extremely quick, all from the comfort of your home.
The one trick to borrowing cash using payday loans is to be reasonable about what you can afford to borrow. The worst thing you can do is solve an issue now and find yourself in an even worse position down the road by borrowing more money than you need and can easily afford to pay off in 2 weeks. Though the money comes fast, these loans still need to be paid off.
Tags: cash until payday, car title, money loan, interest rates, payday loan, Business FinanceThe Good And The Bad Of Payday Loans When You Need Cash Fast
August 4, 2010 by Loans Guide
Filed under Online Payday Loans
During these tough financial times it may be very hard to pay all your expenses, even harder when everyone is battling similar financial shortages you are, so they are unable to lend you the money you need. If you need cash fast, payday loans can supply short term financial relief. A payday loan is a sum of cash that is lent out by an unbiased credit company with certain conditions attached to it, like the payment of interest or lending fees. So, if ever you’re scheduled to pay an expense before your subsequent payday, then this is usually a real choice to get issues resolved. But, a loan of this sort also comes with a possible draw back, as outlined in this article.
The payday loan application process is faster than most, if not all, mainstream financial credit institutions. It is a important factor in situations when you need cash fast. Obtaining a payday loan is a method of avoiding disappointment from the lengthy approval processes that, in the end, don’t give you the cash you need because you do not qualify. The payday loan process gets even better in the event you apply online with companies that may approve your application and electronically transfer the money to you need in as little as 24 hours.
Frightened about your spotty credit or the negative marks on your credit report? It always seems like that weak credit comes back to bite us each time we need cash fast! Luckily, with a payday loan you needn’t worry at all about your credit report. The credit checks for a payday loan aren’t as strict as they can be with banks and different conventional financial lending institutions. And in the event that they do find a number of issues on your record, they hardly disqualify you for that unless the delinquencies are genuinely extreme or payday loan related. Essentially the most you usually need to do is present proof of employment and your most up-to-date bank statement, which confirms your monthly income and payroll direct deposit.
Another advantage to getting a payday loan is that you just will not be asked to offer security or collaterol for payment. Often, occasions when we need cash fast we don’t have time to assemble these kind of things or get these things in order. Assets are not going to be reviewed through the consideration process as to whether to advance the loan to you. This is different from other lending institutions that can turn you down because you do not have assets.
Regardless of all the benefits to payday loans, there are some things to watch out for. The rates of interest are understandably higher than those at banks. That is due to the increased risks for the lenders since you aren’t requested to offer security in the form of collaterol and your credit report isn’t factored into their decision. These factors can lead to larger default rates for payday loan suppliers, hence the higher interest rates. However, if you are a responsible borrower and find yourself in a state of affairs where you need cash fast the fees related to payday loans are often much lower than the fallout that would result from ignoring the situation you are attempting to resolve.
Since payday lenders are taking on increased risks by providing these services, in addition they attach rigid penalties for individuals who fail to respect the terms and conditions of the loan agreement. With some lenders, certain charges are applied for every month that passes that your loan is not repaid in full. Therefore, it will be extremely advisable to assess the terms and conditions of your loan before signing to ensure that your loan is repaid on time, per your agreement.
All in all, when you need cash fast, a payday loan is certainly very helpful when the stress of bills are plaguing you. They’re quick and easy to obtain. Finally, if you’re responsible borrower and respect the loan provisions, a payday loan can be virtually hassle free.
Tags: lending institutions, payday loan, financial times, credit institutions, Payday Loans, Loan Process
