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Posted: Sun Jan 14, 2007 11:54 pm Subject: checkbook loans (pdl loans)

i have to of these loans out in illinois totaling $2300.00. i cannot pay they are $800.00 a month. need some advice.

Posted: Mon Jan 15, 2007 6:10 am Subject:

Talk with a debt counselor. He will figure out an easy payment plan for you. The interest rate will be brought down and most of the fees added on this account will be waived off. The total debt will reduce and you will afford payments in the program.

In case, debt consolidation is not the option for you, look into debt settlement also. The repayment in this plan is lower than consolidation. The accounts will remain in default for few months before the settlement company calls your creditors and tells them about your inability to pay the debts. He will do all negotiations to settle the debt.

Posted: Mon Jan 15, 2007 7:22 am Subject: do i close my checking?

do i continue to allow these payments to be taken out of my checking...they total $800.00 a month and my rent is $2700.00 past due...????

Posted: Mon Jan 15, 2007 7:52 am Subject:

Candice are these internet pdls or storefronts? Here is a link to look up your state laws regarding pdls. If you took these out over the internet, chances are the companies aren't licensed and if you have already paid the principal and legal interest rate back in "roll over"/"refinancing" fees you could demand they mark your account paid in full and file a complaint with your state's Attorney General's Office. Also, if they are internet pdls, you should block them from your account, or you may have to close the old and open a new one to gain control of your finances back. If they are storefronts, they are licensed and you will need to arrange a payment plan to pay them back. Good Luck.

http://www.paydayloaninfo.org/state_detail.cfm?id=IL

Posted: Mon Jan 15, 2007 8:05 am Subject: pdl

americash loans was a storefront loan for $1500.00 taken out on 10/28/06

all credit lenders is a internet loan for $1500.00 taken out on 12/13/06

Posted: Mon Jan 15, 2007 8:09 am Subject: pdl

thanks steelers....i see criminal action is prohibited in illinois(contrary to doug's statement) and that they have to accept repayment plans.

Posted: Mon Jan 15, 2007 8:35 am Subject:

Yes. You should work out a payment plan with the storefronts, and you should block the internet pdls from your account or just close and open a new one, sometimes they go by different names and will hit your account that way or they will present with a paper check. And if you have already paid the ipdls back the principal and legal interest your state allows then demand they mark your account paid in full. You should really get those complaints in to your AG's office regarding the internet pdls.

Posted: Mon Jan 15, 2007 8:40 am Subject: pdls

what is the AG's office....sorry i'm new at this

Posted: Mon Jan 15, 2007 8:43 am Subject: pdls

as if lifes not rough enough...just opened mail that i have been dreading from the irs....owe $4000.00 back taxes....would someone just shoot me? no, i plan to make it through this i cant give up....i just got off the phone with consumer cred counseling in massachussets...they can consolidate the $2300.00 pdls, and the $4000.00 for payments of $191.00 a month for 30 months....has anyone worked with them?

Posted: Mon Jan 15, 2007 8:53 am Subject:

AG stands for Attorney General. Try looking the company up with the BBB. That can be done online. It will tell you if they are a member and what if any complaints have been filed against them.

Posted: Mon Jan 15, 2007 8:57 am Subject: pdls

i've got to hand it to you...your quite knowlegeable...i'm glad i found this site....it's hard to talk to anyone about these types of problems...and i'm feeling some sparks of hope of getting thru this nightmare.

Posted: Mon Jan 15, 2007 9:01 am Subject:

Relax candice, you will get through this nitemare. A couple of months ago, I felt like there was no hope, then I found this site and it's helped me out a bunch Very Happy

Posted: Mon Jan 15, 2007 9:11 am Subject: pdls

i hope your right....i just received a call from consumer credit counseling the lady said to close my checking and reopen under a new acct number, she also said she could combine the irs bill of $4000.00, and the 2 pdls of $2300.00...and my payment would be $191.00 a month...this doesn't solve my eviction problem but it sure is a start...has anyone worked with this agency before?

Posted: Mon Jan 15, 2007 9:21 am Subject:

Did the lady from Consumer credit counseling say the name of the company that you would be working with?

Posted: Mon Jan 15, 2007 9:25 am Subject: PDLS

no...i just called to ask them....got voicemail...what questions should i be asking?

Posted: Mon Jan 15, 2007 9:38 am Subject:

I was just gonna tell you that whatever company Consumer credit counseling says you will be working with, check the company's record out on the BBB just to make sure they are a legitimate company.

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