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Debtconsolidationcare.com - the USA consumer forum

I want to get out of pdls

Date: Wed, 05/02/2007 - 09:19

Submitted by anonymous
on Wed, 05/02/2007 - 09:19

Posts: 202330 Credits: [Donate]

Total Replies: 2


Hi my name is heather and i have 7 payday loans and if anyone could tell me what my first step should be on getting out of this i would appreciate it.


Hi Heather, if you can answer these questions we will be able to give you advice or information.

What state are you in?
What companies did you borrow from?
Are they storefront or internet?
How much did you originally borrow?
How much have you paid back?

You are not alone...there are many of us that have been in this situation as well!


lrhall41

Submitted by Sassnlucy on Wed, 05/02/2007 - 10:39

( Posts: 2698 | Credits: )


Your first step should be to get control over your money. Though it may be possible to work something out with your bank, sometimes the best way to do this is to close your account and open a new one. Once you do this, read your loan contracts. If you signed any with a voluntary wage assignment, you will need to contact the loan company, stating you revoke the assignment as well as your employer.

More than likely, the storefronts are legal and need to be dealt with first. Many internet loans are not legal, in which case you would only be required to pay back the principal amount borrowed. We can help you find out this information if you send us the above information. You've come to the right place. Many of us have been in your shoes and can help.


lrhall41

Submitted by dbaker6 on Wed, 05/02/2007 - 17:22

( Posts: 1600 | Credits: )