PDL Fallout

Which lenders are you dealing with? Have you informed them about your moves and that a counselor will be calling soon to make the payment arrangements?

Bestcash Advance, PayDay Ok, Cashnet 500, VC Funding, 1000-Easy-Payday-Loan (Xtra Cash). I haven't told them anything yet, because the only one that's in default is PayDay Ok. I have paid $483 on a $400 loan and they want me to settle for the principal of $240. I didn't know whether I should advise the other companies that I won't be able to pay ahead of time, or just close the acct. and let them find out when the debits don't go through. Also, I didn't know whether I should mention working with a settlement company or let the company just get in touch with them.

Tiffany, it's entirely up to you how to deal with them. I know I did not let any of ours know what were we doing and yes I did get phone calls but I also know that others called the payday lenders and talked to them before closing their account. I think the best way to handle the phone calls at work is to stay as professional as possible, not get shook up (if you can help it), and tell them you will need to call them back when you are not at work. Ask your settlement/consolidation company to get those proposals out and even to fax them so the ball gets rolling and then you won't be so worried.

Keep up the good work, you're doing great!!

Sue

Thanks Sue......I get so discouraged and feel like this situation is never going to get better. This forum is the only outlet/help I have to try and cope with my mess.