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Posted: Fri Aug 18, 2006 8:45 am Subject: T&c finally

I finally got a hold of T&C and finally got a contract to sign and send back w/ my payment.
I am so happy, on the other hand I don't know what to do with my loans that are due today. Should I stop payments and ACH on some of them. Or should I call the pdl companies and tell them that I'm working to consolidate my ln w/ T&C. Help, help!!!

Posted: Fri Aug 18, 2006 8:56 am Subject:

IF I were you I would definatly stop payment on the PDL's. Some of them might say they will accept payment arrangements and then try to debit your account any way. Then you may also want to send a letter stating that you are revoking any further debit authorizations from your account. Definatly communicate with the PDL's and tell them your situation.

Posted: Fri Aug 18, 2006 9:08 am Subject:

I cannot advise you what to do as far as stopping payment, as that could cause more NSF fees to be applied to your payday loan, but I will let you know that you should allow at one pay period for the creditors to be working with your counselor. It's great to hear that you finally have the contract signed with a debt consolidator. Please keep us informed on your progress.

Regards
Mike

Posted: Fri Aug 18, 2006 10:04 am Subject:

Calling them payday lenders will be a good move because you should make them aware about your moves. If you do something on your bank account without informing them, they will think that you are trying to avoid paying them even though you are trying the same. They will sound tough but anyway, you have decided your move. Their is no harm in informing them. And if they agree to work with you, good for you only.

Posted: Fri Aug 18, 2006 10:36 am Subject:

I recently have gone through the same thing, and I called & emailed and let them know I was enrolling with a credit counseling service and they would be getting proposals from them soon. 2 of the PDL's were ok with it, and I haven't heard from 1 of them. I only have 3 outstanding which is too much. Ask T&C what you should do, in my instance I had to close my checking account because of identity theft reasons, so my closure was valid and for other reasons of not owning up to my responsibilities on the debts I owe. T&C may advise you as to how they prefer their customers handle the specific situation. Good Luck.

Posted: Fri Aug 18, 2006 10:45 am Subject:

Everybody's situation is different and everybody has different views on how to handle the checking account situation. Paulisgirl is right, discuss with your counselor about what you should do. My counselor told me to close my account and I'm glad I did, because two of my PDL's made checks and tried to pass those through my account for the full PDL amounts plus fees prior to receiving their first consolidation payment. Above the signature line it stated signature not needed per agreement.

Posted: Fri Aug 18, 2006 11:42 am Subject: payday loan is a nightmare

I called some of the pdl company & told them about my situation. I told them that my house is in a pre-foreclosure proceeding and all the money that I have will be for house payments and I don't have the money to pay even pay the interest that is due today. I told them that I have no intention of running away from my debts and I'm working with a debt consolidation company.

Some of them were compassionate

Nationwide Budget Finance � doesn't want to accept payment arrangement and the lady that I spoke w/ told me that they will not entertain settlement. They said pay at least the interest w/c is $90 & will hold my check until tomorrow.

Check City � I was able to make a payment arrangement of $100/mo but when I ask for how long and how much would be the addl interest, the lady refuses to tell me. She said make a payment for 2 months and then she'll let me know.

Ace Cash Express � Very nice lady. She gave me a number where I could do a pymt arrangement but I was on hold for a long time. Anyway, when I call her again she said she will hold my check for 10 days until my consolidation company contacts them.

Speedy Cash � Don't do payment arrangement and doesn't want to deal w/ counselors. The only thing they can do is deposit the check, if it doesn't clear then they will send me to collection. Force me to pay at least the finance charge of $54.00

Budget Loans � kept calling but their manager is always not there. I'll try again later.

Ace is ACH, and I'm safe with them for another 10 days. I have to put a stop payment on my checks for Speedy and Nationwide and that would cost me $70 bucks.

Do we have a template that I could send to my bank to stop the ACH from ACE just incase.

4 down 9 to go. Actually, with my 5 other I'm still current because I already mailed them a check.

With Cash Central, Your Credit, Decatur Finance and Lucky Cash Central, I'm not sure how to handle. I always send them a check and I'm not sure if they are do ACH or what.

Please advice. I still have to come up with money to pay for T&C's fee.

Posted: Fri Aug 18, 2006 12:38 pm Subject:

ChicagoBabe, Here is a draft of the letter I sent to Cash Central, they were ok with it. I got it from Pollyandsay.....Anyone know is she back or coming back? She is wonderful and such a great source of information she helped me greatly(pass on the praise from me if you know her) Pauli'sGirl

Posted: Fri Aug 18, 2006 1:56 pm Subject:

Way to go Chicagobabe!Now maybe some of the stress and worry will start to leave. It just takes some time,but it is well worth the wait to have that burden lifted.Good Luck Very Happy

...Karen

Posted: Fri Aug 18, 2006 2:32 pm Subject: payday loan

Thanks to everybody who gave their advice and kind words. I really appreciate and I love this forum. I hope that this is the start and though I haven't really accomplished anything yet I really feel great. I'll keep you guys updated.

Posted: Fri Aug 18, 2006 2:36 pm Subject:

Stick around chicagobabe, this place is addictive. We love having you here and sharing your experiences.

Posted: Mon Aug 21, 2006 7:56 am Subject:

Can someone please provide me with their number? I really need assistance in trying to consolidate.

Posted: Mon Aug 21, 2006 8:12 am Subject:

T&C called me last week but I tried to call them back and I get the wrong number. Anyone can tell me how I can reach them?

Posted: Mon Aug 21, 2006 8:45 am Subject:

Alexandra - check your PM

Posted: Mon Aug 21, 2006 9:30 am Subject:

How do I check my pm?

Posted: Mon Aug 21, 2006 9:36 am Subject:

Toward the top of the page (either left side or right side) on the menu under members it should say you have *** new message. I know you have at least one because I pm'd you.

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