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frshstart · Posted: Mon May 26, 2008 5:30 pm Subject: Payday One -anyone get a settlement?

Was anyone able to settle with payday one?

Posted: Mon May 26, 2008 5:41 pm Subject:

Yes I was, actually I received a PIF from them, probably unusual circumstances in my case though. They're fairly easy to work with. Smile

Posted: Tue May 27, 2008 3:43 am Subject:

Dear Frshstart,

Are you asking about debt settlement in case of payday loans offered by Payday One?

If that is so then let me tell you that debt settlement is not a viable answer to payday loans. The main reason is the incredibly high rate of interest attached to them.

A $100 payday loan needs to be paid within a 2 week time. If you miss the payment date then you will have to pay $25 (say) for that. But during debt settlement procedure you have to stop paying to the creditor and deposit money in a trust account. But deferment of each payment will lead to accumulation of rollover fees of another $25. This will accumulate rapidly and will surpass the original amount within a very short period of time.

That is why debt settlement program for payday loans is not the right option.

Regards,

Phoenix

Posted: Tue May 27, 2008 7:04 am Subject:

What state are you in? Payday One is licensed and legal in all the states it currently lends in.

Posted: Tue May 27, 2008 9:48 am Subject:

Paydayone will work with you if you call them. They worked with me.

Posted: Wed May 28, 2008 12:27 am Subject:

You can contact Payday One over phone on the number 888-PAYDAY1 (888-729-3291).

You can also fax them to 866-580-1228

You can also snail mail them to the address: -

PO Box 101842, Fort Worth, TX 76185

Or 2207 Concord Pike #604, Wilmington, DE 19803
(meant for customers residing in Pennsylvania, Louisiana, Minnesota, Hawaii, Arkansas, Rhode Island and Delaware).

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Payday One -anyone get a settlement?

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