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 Posted: Fri Apr 28, 2006 4:47 pm Subject: What a difference a week makes... |
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Last Friday I was:
** Sending my retainer fee to T&C
** Holding my breath to see how the PDL people would react to finding out my account was closed
** Feeling peace that I had taken a step in the right direction, but anxious as to how it would all unfold.
This Friday:
** I have comfort in knowing that THREE of my PDLs agreed to zero out my remaining balance for a total of $714
** T&C has commitments from at least three other PDLs and is sending them the proposals for their approval. They still have three more to deal with.
** I negotiated w/Cashnet for two of my loans. They refused to zero out my balance, but did agree to only collect principal amounts of $100 and $200 respectively. They will be paid off by June!
** AIM would not take part in T&C b/c they only do third-party collections. However, the gentleman I spoke with was very cooperative and agreed to four monthly payments of $57.50...they will be paid off in August.
So...things are looking up...I feel good. Things will still be a little tight money-wise for the next couple of months, but I should be in GREAT financial shape by the end of July!!!
What a great feeling...this board and all of its helpful members are just so great. I can't thank you all enough for helping me...and I'm glad that my Texas-specific letter helped one or two of you get some of your loans zero'd out  !!
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mwlgarcia
Joined: 22 Apr 2006
Posts: 2
Debtcc Points: 101
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| Posted: Fri Apr 28, 2006 5:10 pm Subject: |
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Hi mwlgarcia
Earlier I used to hear so many people falling into the payday loan trap and not able to come out of it. Now, I often read that companies are accepting the payment proposals and the loans are getting paid off. This is a great recovery for those who know the pain of going through payday loan problems.
Mwlgarcia, I am so happy for you taking control of your finances. You might have gone through some difficult situations and you have learnt from your experiences. Once you are out of this, I guess you won't rely on a PDL again.
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david
Debt Samaritan
Joined: 04 Jan 2006
Posts: 1269
Debtcc Points: 30164
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| Posted: Fri Apr 28, 2006 5:18 pm Subject: |
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Congratulations!
Keep us updated on your progress!
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Jessi
Moderator
Joined: 01 Dec 2005
Posts: 3461
Debtcc Points: 20239
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| Posted: Fri Apr 28, 2006 5:25 pm Subject: |
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Not sure why I'm logging in as mwlgarcia...but it's me, Wendy...wwofford. Geez...I have no identity here !
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mwlgarcia
Joined: 22 Apr 2006
Posts: 2
Debtcc Points: 101
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| Posted: Fri Apr 28, 2006 5:30 pm Subject: |
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Congrats on getting three loans forgiven. I'm glad the pdl companies are being co-operative, and that in just a few months things will be much better for you.
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set4sail
Joined: 03 Jun 2005
Posts: 414
Debtcc Points: 7636
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| Posted: Fri Apr 28, 2006 6:56 pm Subject: |
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Congrats Wendy, maybe you've had identity theft on the board??
_________________
Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it. - Lou Holtz
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CycloneFan
Joined: 05 Dec 2005
Posts: 1186
Debtcc Points: 18720
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| Posted: Fri Apr 28, 2006 8:10 pm Subject: |
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Congratulations Wendy. Way to go. Keep up the good work. Its so great to be on the right path.
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celticlass_4
Joined: 27 Mar 2006
Posts: 137
Debtcc Points: 2773
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| Posted: Fri Apr 28, 2006 8:46 pm Subject: |
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Good for you, Wendy. I love to hear good news.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7021
Debtcc Points: 59871
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| Posted: Fri Apr 28, 2006 8:52 pm Subject: |
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Good Job Wendy.
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3154
Debtcc Points: 45650
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| Posted: Sat Apr 29, 2006 1:06 pm Subject: |
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What a great feeling! Good for you. Those "sick to stomach" feelings are gone for me to. It feels like years since this started and it's only been a few weeks, and I feel like I have my life again!
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erzeke1
Moderator
Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
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