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 Posted: Wed Jan 17, 2007 1:20 pm Subject: I need a Legitimate Debt Consolidation Company |
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Since i couldnt get approved for a loan on Prosper, i now have decided my next step is consolidating my debt. I owe more than $10k in debt of which $1850.00 of it is in in Payday loans. I pay $430.00 a month for payday loan refinancing ($215 EVERY 2 WEEKS). I am due to make $215.00 of it this friday. I want to consolidate before then so i can save money. If anyone knows a legitimate debt consolidation company. please let me know....PLEASE!
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gsforgrace
Joined: 20 Dec 2006
Posts: 66
Debtcc Points: 2904
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| Posted: Wed Jan 17, 2007 2:10 pm Subject: |
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If you are due to have the payday loan finance charges taken out of your account this Friday, I would recommend contacting your bank to block the debits made by the payday lenders. Even if you sign up with a debt consolidation program, this won't stop the payday lenders from hitting your account.
How long have you had these payday loans out, and are they online loans, or storefront? If they're online, and depending on how long you've been paying the finance charges to roll over the loans, you may find that you've paid back the amount you are legally obligated to, according to the payday loan laws in your state.
What state are you in, and who are your loans with?
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Tiffany99
Debt Samaritan
Joined: 15 Jun 2006
Posts: 1064
Debtcc Points: 19133
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| Posted: Wed Jan 17, 2007 2:28 pm Subject: I need a Legitimate Debt Consolidation Company |
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My loans are storefronts, i have to go in and pay them the money. They dont debit my account. I live in washington DC...
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gsforgrace
Joined: 20 Dec 2006
Posts: 66
Debtcc Points: 2904
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| Posted: Wed Jan 17, 2007 3:09 pm Subject: |
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Can your call the lender and request for some extensions? You need to convince that you are trying every way to make payments. If some arrangements can be done, it will be helpful and you will stick to the plan. There is a list of companies in the ranking chart, most of them do consolidation as well as settlement
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Howard
Joined: 30 Oct 2006
Posts: 312
Debtcc Points: 4766
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