Loans Guide answers:

Stop taking out payday loans. They are nothing more than government sponsored loan sharks. Learn to live within your means.

Loans Guide answers:

No, it isn’t illegal. Though it really should be illegal to even have ONE. Those things are viciously predatory and exploitive. There used to be usury laws to prevent that kind of loan sharking. Don’t know what happened to those.

And yes, you can (and should) place that debt on your consolidation plan if you are consolidating.

Loans Guide answers:

See http://www.esuperfind.com/lowermybills.php?id=nth they usually can help anyone, depending on location

Loans Guide answers:

The fact that you went to payday lenders in the first place says that the answer is no.

Loans Guide answers:

They will file a lawsuit against your mother to sue her for the amount due along with interest and all court costs. She signed a contract when she got the loans and the contracts are legal binding.

Since you are concerned with your mom working so much, maybe you can kick in some financial help in this matter?

Good luck! : )

Loans Guide answers:

Closing your bank account won’t solve the problem. Just force them to sue you. Closing the bank account does not get you out of the loan.

The only way out is to pay it off. As you’ve learned, getting another pay day loan is not the answer.

Look around the house. What can you sell? Any clothes that are in good condition? Electronics? Anything you can list on Craig’s List and Ebay. Donate blood plasma if you have to.

Do you have a flea market in your town? If so, are you crafty? Do you have the ability to make something you can sell. Is hubby a wood worker? Can he make things to sell?

Can you take on a weekend job? That added to the things you can sell will help chip away at the debt.

Hubby is not working. He’s going to have to start doing something. Spring is coming. Tell him to start putting up fliers and advertising that he will cut grass and do lawn work. Maybe he can’t work construction right now but landscaping companies should start cranking up soon. He needs to contact companies and see if he can get a job. He can contact the local day labor companies. Most of these don’t need skill workers – they need muscle. Maybe he can advertise as a rent a hubby. Do those little honey do things for folks who don’t have a hubby handy enough to do those little things. If he has too…tell Hubby to appy to every local pizza joint and start delivering pizzas. Hubby’s not working is not going to work any more. If he can’t do construction then he needs to get off his fanny and start doing something. And any 1 thing may not be enough. He may need to do every thing I’ve suggested. But unless he has a major illness that physically prevents him from working – he needs to start doing everything he can to contribute to the house hold income.

You don’t have a debt problem. You have an income problem. The only way that I see to get out of the trap is to cut your spending to the bare bones. The only time you see the inside of a restaurant is if you are working in it. Then you have to increase your income and get these loans paid off.

Good luck to you.

Loans Guide answers:

Have you tried pay day places around town?
Have you tried taking things to the pawn shop?
They will give you cash, about 1/3 of the value of things.
If you fail to return the cash, they keep the items.
Do you own your car title free of loans?
Does your town have car-title lending services?
Have you tried going to your bank and simply asking for a short term loan?

Also consider family.
Take anything of value to them and ask them for cash.
If you don’t return the cash, they keep the items.
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Loans Guide answers:

Your last paragraph is exactly what brainwashed liberals are taught. Keep repeating a lie, and eventually the entire weak-minded group will accept it as truth. Yawwwwn….

Loans Guide answers:

If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a fresh loan. But you should be meeting some conditions laid down by the lenders. Loans for bad credit people are in fact easier to get then they were ever before, thanks mainly to cut-throat competition amongst the lenders. Lenders are giving loans to the bad credit people who have late payments, payment defaults, arrears, county court judgments or any credit problems. These loans are available for any purpose like home improvements, purchasing a new or used car of your choice, for wedding and holiday tour, debt consolidation or for paying child’s tuition fees.

Every lender in approving loans surely likes to see if the bad credit borrower has sufficient capacity to repay the loan in timely manner. If the borrower earns well, has regular bank balance, has been an employee for some years and has a convincing loan repayment plan in place, then the lenders do not usually hesitate much. So ensure that you have adequate repaying capacity before applying for a loan. Also, you should first check your credit report for any errors. If your credit score is too low then you would be charged a very high rate of interest. So it is advisable to first pay off some easy debts to improved credit score and then you should apply for loan at better rates.

Http://loan–house.blogspot.com/2008/03/bad-credit-loans.html

Loans Guide answers:

If you are looking for an unsecured loan you prob will have a hard time getting it from any legit lender.

A bank might issue a credit card, depending on your credit. But no bank is going to issue a unsecured loan to anyone one right now. Even in good times, getting an unsecured loan from a bank is virtually impossible.

All those pay day and related loans charge high rates of interest like Guido on the street corner in the bad part of town. Avoid Guido.

Loans Guide answers:

They do actually. It’s a new trend. Both of the banks that I bank with – Wells Fargo and Bank of America offer payday advances. They are offered only to established customers of their bank and the amounts are determined by the amount of income you have regularly deposited into that account.

As with any payday advance, it should be avoided like the black plague and never touched. Even with these two large financial institutions, their fees and interest charges are outrageous.

If you don’t have the money now for something (including emergencies) what makes you think you’ll have it later to pay back?

Loans Guide answers:

Hi
If you looking for a legitimate payday loans upto $1000 in 1 Hour .once approved your loan will be transferred directly to your checking account promptly, and securely. Now you’ll be able to use the cash for all your necessities.

Http://bestpaydayloancompanies.com

• 100% secure and processing
• No faxing -No credit check
• Immediate online approval
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Good luck….

Loans Guide answers:

Here is what the site FAQ says I do not take loan but here is some info from that site you mentioned…

I applied for a loan earlier today. When will I know if I got approved?

When you are approved, you are directed to your approving lender’s website within a few minutes of applying on WeFixMoney.com. If the system is still searching for a match after 10 minutes, we’re having trouble finding a lender who will accept your application. If no one contacts you within an hour of submitting, your loan was denied.

Loans Guide answers:

With due respect, and from what I gather on this site, payday loan is not the way to go. I would do my best to find another solution to these financial woes, take another look at my finances and maybe start cutting in the fat. (What is a necessity to some is excess waste to others).

Loans Guide answers:

In that case your fam+friends will be your best bet but even with them you’ll have a credit limit.

Loans Guide answers:

Tabatha r, By my experiences, and alot of serious research, you should only work with established, land-based, payday lenders. Many of them also have on-line sites.

Additionally, do not, borrow from more than one payday lender at a time. This is how many people get into trouble with payday loans, by over extending them selves beyond the qualified amount given by a lender. Http://www.goodinternetdeals.com/Payday-Loan.html

Loans Guide answers:

If you filed BK, then include the $800 you owe the bank in your BK and it will be discharged. Do realize that this will cause your checking account to be toast.

Loans Guide answers:

You can’t write a check from a savings account. You can only write a check from a checking account. Does he have money in this checking account? Why can’t he just go withdraw the $100?

I seriously doubt the payday loan folks will be able to put him in jail if he doesn’t pay. We don’t have debtor’s prison in the US. Typically the payday loan place already has access to your bank account. Did your friend close that account?

Payday loans are bad. The interest rate is like 600%. If you don’t pay, the collectors are very nasty and don’t mind breaking the rules. The normally require access to your bank account and make you sign an agreement to allow garnishment of your wages if you don’t pay. Thus they don’t bother with credit checks.

You friend needs to pay this off. He needs to find the cash some place other than another loan. Have a garage sale, pawn something, sell blood, collect alum cans, get a second job — pizza delivery has flexible hours and you get tips.

Loans Guide answers:

You can try to take legal action, but they will probably just tell you someone authorized the transactions, and for all you know that’s true. It may not be the loan company, but a dishonest employee. You should definitely close the account. Most banks, though if you file a fraud dispute, are more than happy to forgive fees and change your account number. It protects them and you from further loss when your account has been compromised. File a police report and contact your bank immediately, even for the one you were refunded on. I’ve had it happen before where the company returned the money but put the fraudulent debt into collections. The police report will offer some protection.

Loans Guide answers:

Your rights and obligations are what you agreed to in the contract. Payday loans are an expensive scam and you are finding out why.

Usually, a lot of the high fees are charged upfront with “origination” fees, “service” fees, “contract” fees and the like. So, they really aren’t lying when they give you a particular interest rate, but you are still obligating yourself to a LOT of money.

You can, and should, complain to your state’s Attorney General and the Federal Trade Comission, but chances are you signed a legal contract so you will still have to pay up to get this to go away.

If you believe a lender has violated the Truth in Lending Act, file a complaint by calling the Federal Trade Commission Consumer Response Center toll-free at 1-877-FTC-HELP (382-4357).

Loans Guide answers:

Let me get this straight — you borrowed at about the highest price legal place to do so and now you want to rescind the deal without paying the fees you agreed to??

What odes the Ohio AG says about the legality of this firm? Dollars to donut holes, he says its perfectly legal and you owe.

***
CUT your spending and pay off the ding thing, even if its only an extra $100 every other month.

Loans Guide answers:

I think the best places to look r in the retail stores. U seem to have great work experience and someone will hire u if u just keep at it.

Loans Guide answers:

Your scheme as you describe it is fraud, not uncontrollable debt. For that, they can throw you in fail. If the prison you end up in has internet access, please keep us informed as to how your scheme worked out.

Loans Guide answers:

If you default on your payday loans, the lender can take the same action as any other unsecured creditor to enforce a defaulted debt. Generally, their collection efforts will start with telephone calls and dunning letters demanding that you pay the balance of the loan. If the payday loan company refers your accounts to a collection agency, you can usually stop the telephone calls by sending a cease communication demand letter, commonly called a cease and desist notice, to the collection agency. A federal law called the Fair Debt Collections Practices Act (FDCPA) states that third party collectors must stop calling you if you notify them in writing to do so. Several states, such as California and Texas, extend many of the regulations in the FDCPA to cover original creditors as well. To find out more about debt collection laws in your state, visit the Privacy Rights Clearinghouse at http://www.privacyrights.org/fs/fs27plus.htm

You may be in luck. There are eight states whose payday loan regulating statute requires lenders to set up an installment repayment plan if an account reaches the maximum number of rollovers allowed by law and the debtor declares that he/she is unable to pay the balance due. Check out the payday loan information from the Consumer Federation of America at http://www.paydayloaninfo.org where you will be able to read all about these loans and the various state attempts to regulate them. Follow the “state information” link to find out the specific regulations for payday lenders in your state, and if you live in one of the eight states requiring installment payments. If your state does require repayment plans, and the lender still won’t accept payments, call your state regulator of payday loans, usually an assistant Attorney General, and complain. You should get the results you want after the Attorney General’s office becomes involved.

If you are not in one of those states, you may want to consider simply making payments to the lender anyway to pay down the balance of the loan over time. In most states, the rollover limit will soon be reached, and the interest rate the lender can charge will be capped by state law. If the lender will not accept your payments, simply put what you can afford aside until you have enough money to either payoff the loan or to offer a settlement. Read up on the regulations in your state to find the best strategy for your situation. For more information on state law terms, please visit http://public.findlaw.com/

Bills.com offers about payday loans on our Payday Loan Information page, available at http://www.bills.com/payday-loans

Loans Guide answers:

I think most employers will consider your friends personal work ethic, experience, and knowledge of the position they are hiring him for, and not judge him because of the company he worked for. Instead of looking at the ethical issues regarding payday lending, your friend should focus on what he will learn and gain from working with this company.