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I Am On Fixed Income And Had To Take Out A Couple Store Front Payday Installment Loans To Get My

Payday loan complaints?

Long story short, I've taken out multiple payday loans and the minimum repayments per month now eat up most of my piddly £1k per month wages.

I started borrowing from these a few years ago and have borrowed from more and more different lenders and have borrowed off some to pay off another.

I have lied on the application form slightly when they ask what are my total credit commitments per month, but when they have done a credit check on me they have paid no attention to my shocking credit score.

I have credit cards as well which I am always on time paying the minimum monthly repayments.

Basically I just want to know if I can complain and perhaps get some compensation rebated or something. I see all these companies advertising that they could get you thousands in compensation. It is my fault I've got myself in this mess, but surely the lenders should see red flags that once I've finished repaying a loan, I go right back in and borrow again...often for more over a longer period.

Thanks.

You aren’t likely to be able to get one because of your prepaid card account.A traditional payday lender operates with you giving them a post-dated check, to be drawn on your payday from your checking account, in exchange for a loan today. However, prepaid debit cards, so far as I know, never allow you to write a check against your card balance.A more modern payday lender or installment lender operates primarily with you giving authorization for the payday lender to pull a payment from a bank account using the automated clearinghouse (ACH) system. The ACH system is a low-cost interbank transfer system commonly used to settle accounts between banks and for very large transactions like bills and rent. However, while almost all prepaid cards accept ACH deposits, few to none accepted ACH withdrawals. Because of this, few lenders of any kind accept any prepaid cards unless they have a pre-existing exclusive relationship with the issuer of the card (e.g., Speedycash with the Opt+ Visa prepaid card).It’s possible that there are a few lenders that do accept prepaid cards and do not have any prior relationship with the card issuer. I don’t know of any, but it’s theoretically possible. For the lender, the issue is that they would need to set up the ability to use debit card transactions and to charge additional fees to make up for the cost of a direct debit. For most very brick-and-mortar lenders, this isn’t a useful way to expand their business. Thus I’d only expect national lending franchises or online lenders with a national presence to even have any incentive to do this.The short version is that the vast majority of lenders of any type, even the expensive ones in the fringe finance sector like payday lenders, will require you to have a checking account.

I am looking for a reputable payday loan online...does one exist?

You are filling out forms on feeder sites that just farm out your info to their lenders. I would watch your bank account if you gave your account info for any strange charges as some of these online lenders will actually charge you an application fee! LOL

Is payday lending even legal in your state? If not, you will have a hard time finding a lender. If it is legal, look in the yellow pages or go to any strip mall and you will run into a payday lender that has a storefront that you can actually walk into and talk to a human.

One payday lender I know that is reputable is Check n Go. But, payday lending online has to be legal in your state for you to qualify for a loan. And, if they are legal in your state, most likely, they have a store you could walk into and get a loan if you have the proper identification and proof of income/checking account.

Got a friend who is having a major problem with payday loans...?

That is tough.
Payday loan places are terrible and they really prey on the working and lower-middle class, who are the primary borrowers of these places.

You seem like a good friend - what I would do is, sit down with your friend.
Help her go over her finances.
What does she bring in every month?
Deduct expenses - insurance, gas, telephone, groceries, entertainment, bills (including payday loan payments).

Take a look at what is left over - or if there is anything left - then take a look at the list again and what are some expenses that are unnecessary.

Then - take a look at her debt - also take a look at the APR - pay off the highest APR FIRST!!! Make minimum payments on the lower APR ones. You are losing more money making minimum payments on the higher APR.

It could be a nice try to see if these payday people would work with her, but I sincerely doubt it.

I hope it works out for her. Money management is hard, but once you sit down and see everything on paper, it makes things a bit mroe manageable and less overwhelming.

Of course you can! Do you know anything about Bill Gates and Paul Allen? What about Jobs and the “Woz?”Gates was too young to get into a bar for his first meeting! But he worked it out. You’re 15? Don’t take no for an answer. Put a few bucks together. Hang-out at a Strbucks near a payday loan store. Offer $25 to a payday loan patron to let you sit-in on the transaction. Get copies of every contract… Offer to Black out the borrowers SS#, Name, Phone, etc. Make a copy of ALL their paper work.Next, run an ad in Craigslist. “Assistant Manager for Payday Loan Store wanted.” “Experienced only” Then, meet these applicants at Starbucks. Buy them a coffee and interview them; LEARN!Next check your state Department of Financial Institutions for license requirements. In many states is a couple of hundred bucks. You may neede a bond: $250/year.Get a shill/parent/friend to “stand-in” for you. Form a simple LLC online for $95. Build a simple website focused on your city-use WordPress Theme. Your cost? $12/year for a domain and $6/month for hosting.Place a free ad in Craigslist offering your new payday loan service. {Get a bank account 1st. Call yourself “Your City Fio Services” so the bank doesn’t pull an “Operation Choke Point on you.”Start SMALL $50 loans with friends, family… Leran the ropes. Eventually, get some payday loan software and “GO BIGLEY.”This is an abreviated approach! BUT don’t let fools tell you that you can’t do something: EVER. BE CUNNING! And collaborate with people smarter than you.Jer Trihouse Ayles

You shouldn't feel bad about your credit. In the event that you need an individual loan and you have bad credit, you shouldn't stress. Rather than a credit check, the loan specialist will confirm your pay. On the off chance that you find that you have a bill that must be paid before you get your next check, you can Get payday loans online no credit check instant approval.How Do You Apply For Bad Credit Payday Loans?Typically, you can get a measure of cash dependent on what you make each paycheck. These are small loans, so you don't need to make a great deal of cash to qualify. Applying for an Bad credit payday loans takes just a couple of minutes. The application is done online utilizing a cell phone or PC and advance choices are moment.However, there are some essential qualification criteria that all candidates must meet:Requirements for Bad Credit Payday Loans​:You do should be old enough, in many states, its 18 however a couple of states expect you to be 21.You also need to have worked at your job for a few months; usually, 3 to 6 months or more is best.You will likewise need to give your financial records data.Advantages of Bad Credit Online Payday Loans:Easy to applyNo traditional credit checkConfidential and securedLikely approvalQuick processingMinimum or no paperwork

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