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 Posted: Tue May 15, 2007 10:02 am Subject: in a hole |
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i am 20 and way to deep in debt i lost my job and put everything into collections or past due and i took out a lot of payday loans to pay other bills now i am in a hole and i make good money but the calls are so overwhelming i just dont answer and i need to get my life and credit back on track so i am looking for advice on which is the best way to do that for my situation
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REW_BOO17
Joined: 15 May 2007
Posts: 1
Debtcc Points: 69
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| Posted: Tue May 15, 2007 10:04 am Subject: |
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Are you still having trouble with your pay day loans? If so, what state are you in? Who did you borrow from? How much did you borrow from each company and how much have you paid them back in so called fees?
_________________
Passion...it is born...and though uninvited, unwelcome, unwwanted...like a cancer, it takes root. It festers. It bleeds. It scabs...Only to rupture and bleed anew. It grows...it thrives...until it consumes. It lives...and so it must die....in time.
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Leah
Debt Samaritan
Joined: 04 Mar 2007
Posts: 2333
Debtcc Points: 50556
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| Posted: Tue May 15, 2007 11:03 am Subject: |
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Don't avoid the phone calls because it's doing no good. The collectors are getting aggressive because of your ignoring their calls. I will suggest you to talk to them and work out a plan. Make sure that you have the debt validated before sending money. You need to be sure of your money going towards your account.
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mcranberra
Joined: 14 Aug 2006
Posts: 527
Debtcc Points: 7151
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| Posted: Tue May 15, 2007 11:18 am Subject: |
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Get everything done in writing. This way you will have a proof of the plan with the CA. How much is your total debt?
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Steg
Joined: 22 May 2006
Posts: 392
Debtcc Points: 5545
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| Posted: Tue May 15, 2007 12:32 pm Subject: |
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Avoiding their calls will only make them nastier, if you talk to them and explain your situation alot of them may be able to work out a repayment plan with you, if you make a payment plan stick with it and if you can't make your scheduled payment, let them know. About a 2 years ago I was in a similar situation, and I just picked one creditor to pay off at a time, explaining to the others that that is what I must do. I got several paid of by doing that. You did come to the right place for support and advice. Oh yeah, no more pdl's they won't help your situation, only make it more unbearable.
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PaulisGirl
Debt Samaritan
Joined: 03 Aug 2006
Posts: 341
Debtcc Points: 4117
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| Posted: Tue May 15, 2007 3:08 pm Subject: |
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I disagree. When they can reach you, they update their systems to show they successfully made contact. That extends how long you number stays in their automatic dialers. Better to screen your calls for a couple of months. Eventually they stop and move on to the next victim.
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FreakyFriday
Joined: 13 May 2007
Posts: 357
Debtcc Points: 4896
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| Posted: Tue May 15, 2007 4:28 pm Subject: |
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Freaky is right, however, some collectors are ruthless and their system just resets your number for the following day even though a sucessful contact was made. If you make the arrangements with them they usually won't call again until your payment is due or just before to remind you.
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PaulisGirl
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Joined: 03 Aug 2006
Posts: 341
Debtcc Points: 4117
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