payday loans in arizona

Here is your Ariaona State Laws. With store fronts and installment loans you need to handle differently from internet pdl's. They usually run legal and you will have to contact them and make other payment arrangements if you can't keep up with your payments. With the Internet pdl's please check and make sure whether they are licensed in your state. You can find that info usually on your Attorney General's web site or the Dept. of Financial Institutions for AZ.

You will find the Payday loan laws for Ariaona here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

i just went to http://azbanking.gov/, and i dont see magnum cash advance or first bank of deleware(thru check n go) anywhere on the list. Does that mean they are opperating illegally?

Check N Go/First Bank of Delaware? I know I saw them as licensed like all over the place! If it's considered an "installment loan", it is not a pdl. They are more than likely operating legally, just charging lots of outrageous interest. You're working with your store fronts? That's good. They are important, as they are more than likely operating legally according to your state law. I see on your law that 3 rollovers are permitted. That sucks. Sorry to be so blunt. But can you tell us on each one of your loans, exactly how much you borrowed and exactly how much you've paid back? When you post what you borrowed, do not include "fees/extensions", just the principle amount. And when you post exactly what you've paid back, just put the exact amount you've paid. Don't break it down into "fees/rollovers". But, since your state allows 3 rollovers, do please tell us how many times you've "rolled it over". :D

speedy cash-500
ace-500
checksmart-500
advance america-500
magnum-1500
check-n-go/bank deleware-1500

none of the in store let me roll over more than 3 times. they make me bring in the full amount and start over. i cant even begin to think how much ive paid back. Ive had advance america for over a year. i know i have paid magnum back $900 and still owe them 1200. HELP!!!

I'm "bumping this up" so maybe goudah or suebee or someone even in your state can help further!! :D

Okay, Magnum is not going to be licensed. Meaning they are more then likely operating illegally.

Have you closed your bank account yet? Please read this thread about closing your bank account:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

You are safe as far as closing the bank account goes with the storefronts. You cannot be prosecuted for doing so.

You also need to default of the storefronts once the account is closed. I know that Advance America will try to put through the check no matter what you tell them. But once the check comes back you will be able to work out arrangements.

The best part is that once you defualt, the ridiculous refinance fees stop. You will be able to make payments on the balance.

The First Bank of DE is bad news. They are terrible. How much did you borrow? When is it "scheduled" to be paid off?

Magnium won't fool around with trouble makers. Send them the revoke authorization to debit and they will stop debiting. At least, that will take a huge burden off of your payday. You may still have to deal with them trying to collect, but they just left me alone with a big sign when i logged into my account on their website saying my account had been referred to their collections dept. No one ever called me.

Good! Although sometimes pdl's will act totally differently from one person to the next. There is no logic to it.

But I hope they are as easy for everyone to deal with! That would be a good good thing!

first bank of deleware said they would take 690 a every 2 weeks for the next 3 pay periods to pay it off. I originally borrwoed 1500.00 I make decent money but i cant afford 1300 a month in payments.
Magnum just sent me a threatening email saying i havent contact them... which is a lie so they are putting me to collections if i dont respond to them by the 21st....aaaahhhhhh what did i get myself into..

i cant close my account until the 22nd. It is over $900 negative. My bank already opened me a new account and they said as soon as its paid off they will close it and not allow anything else thru.

They need to put a block on it until it can be closed, or else it will just continue to go into the negative.

$690 every 2 weeks! Crap! I would try to see if you can negotiate something a bit more affordable . . . . It's at least worth a try. Explain your situation, don't get upset, make sure you stress that you are willing to pay, but you can't affod those payments right now.

do i confront magnum and say they are practicing illegally and to take what i ahve paid them in interest and put it to the original amount? i would only owe them like $600 then...

Yep! That's what you need to do. You also need to file complaints against them with the BBB, your state's attorney general's office, and your state's dept of financial inst.

as far as the bbb and az ag and my states banking laws what do i put as a complaint? And what should i expect to hear back from magnum?thanks

That they are unlicensed.

It just depends on what you hear back. Some people get great results right away, and others have to really fight. Some never even hear back. And this can all be from the same company! There is no logic to it . . . .

i emailed magnum about them practicing illegally in az, what do i tell teh bbb my ag's office and so forth. what should i expect to hear from magnum

sorry posted same thing twice.... if magnum is practicing illegally do i have to pay the interest or just the original amount?
B

Most state laws specify this. Some state laws will say that you don't owe anything if the company is operating illegally. I would only pay them back principle.

But I would also check with your state's DFI and ask them what the law says.

they are not responding to my emails now.

That is not unusual...they will contact you eventually...in the meantime file your complaints...sometimes that gets their attention.

The "CEO" of magnum wrote me this long email about being governed by the laws of DE. Since they do not want an unhappy customer This is waht they offered me. My origanal loan was for 1200. i have paid like 430 of it. They are waiving all interest and i only have to pay back the original 1200 which leaves a balance of like $768. VICTORY!!!!!!!!!

Congrats! :D

Thank you for posting that! I know you're feeling pretty darn good right now! Good for you! :D