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Sub: #1 Is paydayloan settlement different
Replied on 06-30-2007, 11:19 AM
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i see that only few companies do payday loan settlement/consolidation. Is there some major differences with payday loan settlements/consolidations?

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Sub: #2
Replied on 06-30-2007, 12:47 PM
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From the way I understand it, in payday loan settlement, you set up a seperate bank account and save a certain amount of money there every month. When you get to an amount specified by the company you are working with, you then send them the money and they negotiate a settlement for you at pennies on the dollar. In consolidation, they don't settle the balances for you, you send the company a certain amount of money every week or every month and they pay the creditors on your behalf.

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Sub: #3
Replied on 07-02-2007, 04:08 AM
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I think it really depends on each company's program--not whether the debt is a PDL or not.




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