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Posted: Mon Jun 30, 2008 10:01 am Subject: I'm in a PDL Nightmare

Hi, my name is Kelly & I could sure use some advice.
I live in Washington State & I currently have 6 PDL's out.
Money Tree (storefront) - $600 + loan fee of $85
Ace Cash Express (storefront) - $650 + loan fee of $90
The Cash Store (storefront) - $700 + loan fee of $95
Allied Cash Express (storefront) - $700 + loan fee of $95
Cash in a flash (storefront) - $500 + loan fee of $75
PayDayOne (internet)
- $700 + loan fee of $95
Washington Law does provide that after 4 consecutive loans I am eligible for a payment plan on the storefront loans. The Internet Loan gets around that by not allowing me to take out another loan for 3 days & then it is not "consecutive".
My problem is I am now paying fees every 2 weeks of $535 which is more than half of my paycheck. If I were to convert all of these loans to pmt plans (one is eligible now & others within 1 to 3 more loans), I would be making payments of almost $800 every 2 weeks. That is almost ALL of my paycheck!
Ive read some of the postings on this site about PDL Assistance & Langhorne.
Would they be able to help me with loans that are not delinquent? (At least not yet)
My biggest fear is that my employer will be contacted. If I lose my job, for sure the loans are not going to be paid off.
Can either of these businesses negotiate smaller payments to the storefronts?
Can they negotiate pmts with PayDayOne so I don't have to pay the entire $795 when it comes due again?
If I decide to sign on with one of these services, will the loan company still harass me or my employer?
Any advice you might have would be VERY appreciated!
Thanks for listening.

Posted: Mon Jun 30, 2008 9:30 pm Subject:

Welcome, Royandkelly! I can't answer your PDl questions, but I just wanted to let you know that if you hang in there, I'm sure someone who can help you will be along soon with advice!

Good luck!

Posted: Tue Jul 01, 2008 2:50 pm Subject:

Can anyone answer Kelly's questions??

Posted: Tue Jul 01, 2008 3:03 pm Subject: reply

kelly,i don't know how WA works,but most states you can enter
an EPP(extended payment plan) but you must be current.
usually 1 day before your due date do this.as far as langhorne
or PDL assistance being able to stop the harrasing calls.i can
tell you for 3 months with langhorne certain places stopped
but some tried to get me fired.sounds as though yours are almost all storefronts.they tend to work more with you or
a place like langhorne or PDL assistance.somebody should be along with your state laws shortly.

Guest · Posted: Tue Jul 01, 2008 3:12 pm Subject:

The storefront needs to be a member of the CFSA for the EPP......

Posted: Tue Jul 01, 2008 7:05 pm Subject:

Hello Kelly and welcome to the community. I will post your state laws shortly. I was doing some checking to see if these store fronts are members of the CSFA. I did find out that Money Tree is for sure, which means you would be eligible for the EPP plan, as long as you go and ask for it at least one day before the due date. I'm not sure about the other pdl's but you can easily find that information out. I am going to move this to the payday loan section so it will receive more attention. Smile

Posted: Tue Jul 01, 2008 7:07 pm Subject:

Posted: Tue Jul 01, 2008 7:09 pm Subject:

If you type in PDL Assistance or Langhorne in the search box, in the upper right hand corner of this forum, you can read the experiences that other members has had with these companies. I have heard pros and cons, but have never personally used one myself.

Guest · Posted: Wed Jul 02, 2008 6:30 am Subject: I'm in a PDL Nightmare

guest · Posted: Wed Jul 02, 2008 6:48 am Subject: I'm in a PDL Nightmare

I'm hoping this works. As you can tell, I'm new to this community & not sure how to reply. Whenever I use the first username I used, it says that username is already taken. Don't know if I have to login or not? I didn't have to when I posted the question???

Anyway, my test went through so I'm going to try this under a different username.

Thanks everyone for all of your advice so far. It is VERY appreciated.

It was mentioned that I could make payment arrangements with Money Tree. I actually did enter into a payment plan with them yesterday. All of the storefronts I owe do offer payment plans but the problem is I am now paying $1300 per month in just interest to keep "re-loaning". I am WAY behind on all of my bills because of all those interest payments that I am making. If I entered into payment plans, the amount I pay out each month would basically double. Most offer plans that involve 4 Pmts to pay off the original amount + ONE more interest pmt tacked one.
I can't afford to do that. It is more than I make in a month.

Is there any way to make these places set up a more reasonable payment plan?
How would I go about that?
Would it be better to use a consolidation place like PDL Assistance or Langehorne?
Do they work with people who have storefront loans?
I've read a few threads where people have mentioned T&C. Who are they?

Thanks to everyone. I am so happy to have found this community. I have been too ashamed to tell anyone about my private nightmare & have felt so alone.

All of your help & advice is great & I am so Very Grateful.

Here goes, I hope this posts, I've written so many replies that haven't posted.

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