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Posted: Mon Aug 08, 2005 6:21 am Subject: The Origins of Loans

I've had 7 payday loans and seeing where each has gone (not paid off ---> harassing phone calls --->calls from "collections companies"---> never hearing from them again), I was wondering:

1) Where does the money that these companies loan you, come from? (My guess is from ripping people off)

2) Why does it seem that you can't get into legitimate legal trouble if you don't pay most or all of the loans?

I don't condone not paying the loans back, for honesty reasons. In my mind, I took money from someone and I need to pay it back...it's a matter of when, however. But what's keeping these companies from suing me or having my local court subpeona me?

Posted: Mon Aug 08, 2005 7:40 am Subject:

Contact this company. They are handling my payday loans, and got me a settlement for 50% of what I owed on 2 of them.

Also, call your bank and tell them that you want to put stop payments on the pay day loans. That will keep them from coming out. It will probably cost you money as it would be like putting a stop payment on check, but that should give you some breathing room until you can get in touch with BHR.

The way BHR works is you dont pay anything upfront. They will negotiate with the loan companies, and if they get a settlement that you like, you pay them 35% of what you SAVE. So if you had a $500 pay day loan and they negotiated it down to $250. You owe BHR $87.50. They are great to work with!

Posted: Mon Aug 08, 2005 7:43 am Subject:

Thanks for the helpful info, vwh! I received an email from United Christian, but I wasn't sure if THEY were legit or not! Now I know they are for real; thanks a bunch!

Posted: Mon Aug 08, 2005 7:46 am Subject:

No prob.. BHR are legit. They are doing a good job for me so far.

Posted: Mon Aug 08, 2005 1:06 pm Subject:

I agree with vwh. This company has good partners working with it. I also took the facilities of reducing my debt from this company.

The consultant working in my program did the best to reduce my total amount and then helping me in becoming debt free quicker.

I appreciate the hard work of my consultant and thank Debt Consolidation Care for rebuilding my credit.

I suggest all of you to enter into a free counseling with this website by entering your contact information absolutely free of cost.

Your program will get started only if you feel satisfied after the consultancy. There is no fee before starting the program.

http://www.debtconsolidationcare.com/signup/

Posted: Mon Aug 08, 2005 1:44 pm Subject:

United Christian Financial are good people. They'll take care of you.

Posted: Tue Aug 09, 2005 6:45 am Subject:

I received a response from United Christian and will be speaking via phone with them soon!

Thanks for all the help and info on this great opportunity! Debt Consolidation Care is a LIFE SAVER!

momof5 · Posted: Tue Aug 09, 2005 9:16 am Subject:

I have 7 payday loans and am getting them paid, but my 900 check every two weeks is literally down to 180 a pay (the loans are taking out 720 every two weeks!) but I don't want to stop pay if I will start getting harrassed by collection agencies... let me know how it goes with you guys...

Posted: Tue Aug 09, 2005 9:23 am Subject:

momof5,

It's great that you're working hard to pay off the loans, but don't let them swamp you! Consider consolidating them if you are able to! That's what I am about to do.

Posted: Wed Aug 10, 2005 10:49 am Subject:

momof5

Contact this company. They are handling my payday loans, and got me a settlement for 50% of what I owed on 2 of them.

Also, call your bank and tell them that you want to put stop payments on the pay day loans. That will keep them from coming out. It will probably cost you money as it would be like putting a stop payment on check, but that should give you some breathing room until you can get in touch with BHR.

The way BHR works is you dont pay anything upfront. They will negotiate with the loan companies, and if they get a settlement that you like, you pay them 35% of what you SAVE. So if you had a $500 pay day loan and they negotiated it down to $250. You owe BHR $87.50. They are great to work with!

tracy · Posted: Tue Aug 23, 2005 9:28 am Subject:

how do i get a hold of bhr

Posted: Tue Aug 23, 2005 9:31 am Subject:

How long was BHR able to get for you to repay them?

Posted: Tue Aug 23, 2005 12:07 pm Subject:

The consolidation company keeps on negotiating with the creditors for a perfect settlement offer. It might take some time depending upon the conditions satisfying both ends of the creditors and the consumers. Once the creditors accept it, the consolidation company pays the complete amount to the creditors.

The consumer keeps on paying monthly installments to the consolidation company till the deal comes to an end.

tracy · Posted: Wed Aug 24, 2005 6:34 am Subject:

what i have found out as long as your loans are not payday loans or payday advances then you should have no problem getting a consolidation. i was all ready to consolidate but they found out that they were online payday advances so they couldnt do it.

Posted: Wed Aug 24, 2005 11:41 am Subject:

Also, the consolidation programs works better if the bills are sold to the collection agencies. Since, some of the creditors employ their own people in the collection department for the process, it does not work at the best. It needs to be sold to the outside collection agency to avail the consolidation program.

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