overwhelmed with payday loans

Hi Linda

Welcome to the forums. Payday loans can be put in the debt consolidation program and will combine all the multiple debts into one loan amount.

Since you are paying all the debts having no extra money left at your end, you can use the services of this program to reduce all the financial charges, late fees from the total amount.

Additionally, you will be offered lower monthly payment plans after analyzing your financial position and you can solve all your debt related problems without haste.

I suggest you to enter into a free counseling with this website and know your best available options. The consultant will help you in every possible way to get rid of your debt.

Regards
Roxette

Linda,

Contact this company. BHR . They are handling my payday loans, and got me a settlement for 50% of what I owed on 2 of them.

Also, call your bank and tell them that you want to put stop payments on the pay day loans. That will keep them from coming out. It will probably cost you money as it would be like putting a stop payment on check, but that should give you some breathing room until you can get in touch with BHR.

The way BHR works is you dont pay anything upfront. They will negotiate with the loan companies, and if they get a settlement that you like, you pay them 35% of what you SAVE. So if you had a $500 pay day loan and they negotiated it down to $250. You owe BHR $87.50. They are great to work with

Phone number deleted as per forum rules-Mike

"Contact this company. BHR . They are handling my payday loans, and got me a settlement for 50% of what I owed on 2 of them."

I just called that number and some guy answered and said, Hi this is Mark. Didn't have a company name or anything like that. What is the name of the company?

Phone number deleted as per forum rules-Mike

I have signed up with debtconsolidationcare, and I get referred to United Christian Financial. They will not help with payday loans.

need help to eliminate these loans

How do I get help to eliminate these accounts?

Hi classygranny25

Welcome to the forums.

You can take care of all your accounts if you follow a proper planning and a disciplined budgeting.

You can calculate all your monthly expenses in the beginning of the month and set aside each share from your monthly income. Put stress on saving a fixed amount of money in each month and use it for future use.

You can close all the credit card accounts that are of no use in the present time and transfer the balance at a lower rate of interest. Try to live on cash rather than using credit.

Regards
Roxette

For you all that have used BHR...are you happy with them? How long were they able to get for you to pay the loan? II'm thinking of contacting them but I wwanted to get a little more info. first..Thank you

I would like to contact BHR too. Can they ensure that your credit is not negatively impacted?

I am pretty sure there are places that can help you with that I think you should consult a debt consultant that can help you with making easy payments

I have read several posts on payday loans and wish I had never gotten one I have 7 that I can remember and now I have defaulted on them because of Having to pay my light bill Somebody please help me

I am the one who posted above can anyone help me

073896:

I just pm'd you some info.

Please register with this site, fill out the form for free counseling. The counselor might help you consolidate your payday loans.

If it does not work, PM me or any of the forum members. We will be glad to help you.

I did register but it is still showing me as a guest

Lets see if this works I am supposedly logged in now I am the one with the loan problems guest 4517381

Can someone give me the information to contact BHR. I have contacted T&C and I don't know if I want to go through them. Thank you

Check your PM.

Can someone send me the number to BHR? Every consolidation company I call said they won't work with these payday loans. Thanks!

Hi

I have PMd you the info. Please have a look in your member's area at the top. You will see 1 message in your inbox.

I have several outstanding loans and like so many others I am looking for relief. As it is, next paycheck wiil be gone. I have daughter and can't afford to be homeless or without daycare. Does anyone have any suggestions or know how to get a hold of this BHR or any other debt consolidation company that can help.

You have registered here for the free counseling. One counselor from your area will be calling soon. He will plan your repayments and call the creditors. Follow his budgeting advice and you'll be on your way to a debt free life. It won't be hard paying the debts in the program planned for you.

I see that one member recomends asking my bank to stop payments. Can I do this?

People will have various opinions depending upon the situation. If you think that stopping a payment will be a helpful move, talk to your bank about this. You will have a charge for the stop payment. I recommend, you should talk to the lender first and explain the problems. They may do some adjustment on your account and you won't have to put a stop payment with your bank. Besides, you need to know the laws of your state before anything goes against you. If you are dealing with storefront lenders, you need to be more careful with them as they usually follow the laws and file up a case against you. Most internet lenders violate the state laws. But without specific information from you, the advice will be given in general.

I have many small outstanding loans by the time they take out each finance charge I will not have a paycheck left. Which means rent won't get payed etc...
I think the stop payments is the only way to get any relief. Do you have any other suggestions?

First of all, you need to pay the necessaties first. Are these pdls store front or online lenders?

The payday loans are online. I also received an offer for a debt consolidation for a loan to pay off my debt and have only one payment. The company is Dominion Lending Inc. has anyone herd of it?

Have you tried to google it and see if anything comes up??

Yes.That is how I originally found it,but they're asking for $850 upfront for a to secure the loan. Thay say it will be returned if I make 6 consecutive payments as scheduled.

Balio, I will tell you this, this is a scam. NO company that is lending you money will request money upfront to get approved for the loan. What is going to happen is you will front the $850 and you will left in the cold and they will be off with your money and never to be found again. DO NOT DO IT! It is a SCAM! Many people here have come and posted similar stories and unfortunately found out the hard way they were scammed. Please do NOT fall for this.