Tag Archives: payday loans
- How do I get out of this payday loan cycle of doom. – Joe
I live in CA. I took out 9 payday loans. I have been paying nothing but interest and finance fees. From what I understand, it is illegal to have more than one payday loan out at a time in CA. Does this negate my other 8 current loans? None of my lenders are in CA, [...]
- How Do We Get Out of Payday Loan Hell? I’m a Navy Veteran. – Monica
“Dear Steve, We are in payday debt hell, owing a current balance of $7461.92. We have a montly income of over $6,000 with monthly household debt of approximately $3,000. We are in this situation for several reasons, all my fault, bottom line. We should be able to live very comfortably; actually we have a mortgage, [...]
- I’m At the End of My Rope and In Debt to Payday Loans Again. – Nicey
“Dear Steve, I am at the end of my rope Steve. My finaces are out of the roof. Payday loans have once again become a part of my vocabulary, where I once promised myself I would never do it again, becuase of previous payday loan trouble. So I am back into the trap where I [...]
- I’m Repaying My Debt But Have Payday Loans. – David
“Dear Steve, i am in 2nd year of credit proposal and got hooked up with wrong person now have pay day loans and at the end of my rope.dont no what to do how can i get out of this mess i make good money but just got to deep. Dont no what to do [...]
- How Can I Break Free of Payday Loans Without Bankruptcy? – Mary
“Dear Steve, payday loans after years in some payday loans now i find myself in a situation that i can’t seem to break free of i tried to work out a payment plan with the three of them it’s like i hit a brickwall. do i have anything to say, i want to pay them [...]
- Knocked Hard and Took Out Payday Loans. Husband Now Unable to Work.
“Dear Steve, Our family has had several hard knocks lately which has led me to take out several payday loans to the point of paying ALL of my paycheck every two weeks to the lenders. My husband’s check covered our rent, utilities, etc., but he was involved in an accident and is now unable to [...]
- I Had Cancer and My Husband Was Unemployed. We Are Struggling With Payday Loans. – Kim
“Dear Steve, I will try to be brief: I owe about $12k to installment payday loan companies such as Checkngo. I owe about $2k in medical bills I owe $9k on my car I owe $2k to the IRS (new this year) Credit isn’t great – about 680 but I do have a good job [...]
- I’ve Got Payday Loans I Don’t Think I’ll Be Able to Pay. – Eddie
“Dear Damon, I’ve got 5 payday loans from the internet totally $2610 in principal. I’m not late or have any late fees, but its starting to catch up with me and I find myself wondering what to do. Do you have a company you trust or some advice on what I should do? Do you [...]
- What is the Best Way to Handle Payday Loans I Can’t Pay? – Scott
I have several payday loans that currently I can’t pay back on time. I have three that are current, within the last 2 months and 2 or 3 that are several years old. I have recently been contacted by 1 of the older payday loan companies for payment. What is the best way to handle [...]
- My Elderly Parents Were Scammed by a Relative. Now They Are About to Lose Their Home. – Maria
“Dear Damon, My elderly parents were scammed by a relative without them knowing until the relative died. They were about to lose their home of 20 something years. I could not get a loan to help them because my credit is bad and I am in chapter 13 bankruptcy with 3 more years to go [...]
- We Are Over Our Head in Payday Loans. Can a Debt Consolidation Company Help Me? – Laurie
“my husband and I are in over our head in unsecurred loans/pay day loans. We do not have good credit. This started when he was unemployed, and now is working but we can’t get ahead with THROWING away all this money to payday loans. Do you have any advise? I have talked with a debt [...]
- Payday Loans: How Quick Is A Quick Solution?
On March 31, 2011 The Center for Responsible Lending put out a publication entitled “Payday Loans, Inc.: Short on Credit, Long on Debt” where they featured a recent study of payday loan borrowers. The CRL tracked 11,000 Oklahoma payday loan borrowers for 24 months from the date of their first loan and revealed their findings [...]
- Moneymaker Charged With Tricking People Into Seeking Payday Loans Billed Without Consent
Bruce Moneymaker, Mike Smith, Michael Bruce Millerd, Fortress Secured, Daniel de la Cruz, Belfort Capital Ventures, Dynamic Online Solutions, HSC Labs, and Seaside Ventures Trust were all charged with unfairly and deceptively billing consumers without their consent, and not providing promised refunds, in violation of federal law. At the FTC’s request, a federal court temporarily [...]
- Lead Generation Websites Closed Following OFT Investigation in the UK
The Office of Fair Trading in the UK, the near equivalent of the FTC here in the U.S. just announced a crackdown on financial services lead generation sites. In the UK, websites that generate leads must be licensed under the Consumer Credit Act. The sites closed by the government were: www.loansfordisabledpeople.co.uk www.samedayloansforpeopleonbenefits.co.uk www.militaryloans.org.uk www.cashloansforpeopleonbenefits.org.uk www.urgentloansbadcredit.co.uk [...]
- BillFloat.com – A Great Alternative to Payday Loans
This year at SXSW I had the pleasure of meeting and hearing Ryan Gilbert from BillFloat.com speak at the “Dawn of the Data: Future of Consumer Lending” panel. Ryan spoke of his service BillFoat.com, an alternative to payday loan lending. I remember sitting in my seat, surrounded by other finance thirsty attendees thinking, “wow, this [...]