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Posted: Sat Nov 03, 2007 8:16 am Subject: I need details on T & C and then some.

I've been reading all the past post about T & C, and I saw a mixture of good and bad. Is there any who is currently working with them and is satifsfied? Also, can someone explain to me exactly what it is they do? Are they like Consumer [url=http://www.debtconsolidationcare.com/credit-counseling.html]credi t counseling[/url]?

Do all PDL places work with them?

Posted: Sat Nov 03, 2007 8:21 am Subject: reply

lren, did you do a "search" in the search box and read up on them? I'm assuming so since you said you read other posts, but you can really read a lot using that "search box". I know many members that use T&C. I personally have not, but hang on and I know someone will come along who has used them or is using them. They can give you some insight! Very Happy

Posted: Sat Nov 03, 2007 8:24 am Subject:

yep I done the search and done the reading, its just that many of the posts are kinda old and I was looking some more current info. Thanks! I'll stand by:)

Posted: Sat Nov 03, 2007 8:27 am Subject:

My understanding is that T&C can actually work with some storefront loans as well as the internet loans.

I'm with Langhorne and they are helping me with every single one of my internet PDLs (and internet installment loans). The way they work is you pay an initial fee and your first payment towards settling your accounts. Once they receive that, they get to work on sending letters to all of your PDL creditors and arranging settlements. As they are a law office, they have quite a bit of weight in being able to get things done. Smile

Then monthly, you will send a payment to them and put a certain amount in a savings account. As the companies agree to various settlements, you work with Langhorne to make the payments on these between the money they have set aside for you and the money you have placed in your savings. My understanding is that many people who work with Langhorne end up having money left over in savings once the process is complete. Smile

I would anticipate that T&C works in a similar settlement fashion, but unfortunately, I don't know enough about them to help. As cannr said, I'm sure someone will come along shortly. Smile

Posted: Sat Nov 03, 2007 8:31 am Subject:

So Langhorne makes settlements, so that means the PDLS don't get the full amount that you owe them? I have internet loans with CashNet, PayDay Select, Payday1 and PayDay USA, do you have any of those?

I also have 3 store front loans, Express Payroll, Checksmart, and National Check Cashiers.

Posted: Sat Nov 03, 2007 8:36 am Subject:

I have a loan with CashNet, and let me tell you, they are PERSISTANT! They are the PDL that has probably called me the most out of all of them.

What Langhorne tries to accomplish is first off, getting those accounts that you have overpaid on marked as paid in full, since those are the easiest. If these internet PDLs are illegal in your state, then it's much easier. Here in California, rollovers are not legal, so most of my internet PDLs are completely illegal and I have overpaid on several.

The next step is to work out settlements with those I still owe. Quite often, they will accept just the amount they have loaned to you and cease all additional finance fees.

For instance, I have paid 1/2 of all of my payments to Think Cash (or $435.50 on a $500 loan). I will likely only need to pay another $100-$200 to them to settle the debt, as they have received nearly all of the original loan amount as it is.

CashNet is my only legal PDL online. I will likely have to pay them the $300 I owe them in full, but through Langhorne, it will probably be chopped into monthly payments.

With your storefronts, I'm unsure if T&C will be able to help or not. Langhorne likely will not. The best advice I can give you on those is see if they are members of the CFSA and work out an Extended Payment Plan with them if you have not defaulted on those loans yet. Smile

Posted: Sat Nov 03, 2007 8:40 am Subject:

It appears that National Check Cashers is a part of the CFSA, but the other two do not appear on the list. Fret not, as many of those who aren't a part of the CFSA will still try to work with you. Smile

Posted: Sat Nov 03, 2007 8:45 am Subject:

yeah, that's what I thought you were going to say. I'm planning on working on the Epp with the store front, and if I have to I will have to re-borrow the internet ones until I payoff the store front and then start working on them. I just wanted to double check my options. The one with national check cashers is in default, cuase I didn't know about the EPP until last week and the check had already gone to the bank and bounced. They tried to ACH it, but that didn't work either, and so far they've not called me. So I'm wonder if they will take payments or am I stuck paying them off and reborrowing this time?

Posted: Sat Nov 03, 2007 8:46 am Subject:

Lren- did you take advantage of the free credit counseling that is offered here? They may be able to give you some info or solutions.

I'm like Cannr- haven't used T&C,maybe someone who has completed their program can help you.

Whoever you decide to go with, please check them out with the BBB, and any other resource you can. Ask them what they will do for you and how they will handle your creditors, money,etc. And ask about any and all fees..Good luck to you..karen Very Happy

Posted: Sat Nov 03, 2007 8:50 am Subject:

no I haven't but I think I will at least ask. Thanks for the suggestion!

Posted: Sun Nov 04, 2007 1:01 pm Subject:

Cheksmart and Express are also CFSA members.

I am currently with T&C and had put Checksmart, Express, and National Check cashiers with T&C. These companies will tell you they do not work with T&C but I've been with T&C now for 5 months now and they accepted the checks. Checksmart and Express Payroll may take you to check mediation but all that is where you come up with a repayment plan.

I will not lie, these three companies will make you life hell for a month or two. They will call and say we do not work with consumer credit but again they do. They are working with me and I'm in Ohio. T&C has been a wonderful company for me. Just remember to ask for statements from T&C. Check over all there payments they have made to make sure everything is ok.

Posted: Sun Nov 04, 2007 3:06 pm Subject:

Thanks Ryan, I was wondering what "mediation" was. I can make them payments. So if they will take them I should need to go to mediation then.

Posted: Sun Nov 04, 2007 3:24 pm Subject: reply

lren, ryan gave you excellent advice. It's always great when someone has experienced the same thing with the same companies. And, yes, if you end up going to mediation, all they do is make payment arrangements there. Kinda funny for them to do all this crap to people and in the end you get to make payments anyway. Talk about stress.

Posted: Mon Nov 05, 2007 6:07 am Subject:

no kidding, as you can tell I've been freaking out about them "taking me to court" and all it is, is a payment plan which I'm willing to do anyway! Very stressful. Thanks everyone- your all so great!

Posted: Mon Nov 05, 2007 8:09 am Subject:

When the collections dept call you they will not be nice. They will tell you they will not take consumer counseling and come back in to our store, pay off your balance and then rewrite the same day. Stick to your guns and tell them No, and this is the way I'm doing it. They will threaten you with court and I always told them to take me to court and I will let a judge decide if this is agreeable or not. Checksmart and Express was the only ones to turn me into the courts but we worked out a payment plan. We came to a payment agreement that they would paid off within 6 months.

I have been with T&C since May now and they have been great. They did screw up once and that screw up caused me a lot of headaches but thats why I said to ask for monthly statements. Its a good way for checks and balances and to make sure they are paying everyone correctly. T&C also charges 10% of your total debt that you enroll with them. The only thing I can say negative about T&C is your hold time. If you ever call them with a question after your a customer, you can be on hold for 20 minutes before you talk to someone.

If you have anymore questions ask away, I can try to help out more.

Posted: Mon Nov 05, 2007 8:13 am Subject:

One more thing about Checksmart and Express Payroll, if you do go the route of T&C Checksmart and Express Payroll will show up on your credit report as bad check.

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