Having problems with the payday loans

Previously, debt consolidation Care used to consolidate payday loans. I got my payday loan consolidated through this site. Now they don't take any more payday loan consolidation.

In the present times, I only heard about BHR doing so. But they are also changing their policies??

Folks, never take payday loans...it is a drug which damages the entire financial system.

I have paid off 3 and have 4 remaining to payoff. I was told they will be using attorneys do the negotiating with the payday loan companies and are looking for a quicker payout than I can do. I can only pay $200 - $250 per week because of other bills I have.

Try to solve your payday loan problems by following a realistic budget and figure out your monthly expenses. You should try to avoid any unnecessary expense that can be avoided by all means. To begin with, look into the daily items that you use.

You have to build a fixed saving and include small deposits if at all it is possible. This will help you in meeting the cash requirements during emergencies or unexpected expenses or any other items. Just imagine the fee that you will pay on a loan of $400 in a saving account for six months. I hope that thought is enough to buff against financial emergencies.

Do you have overdraft protection in your checking account? If you use all the funds in your account and if there is a mistake in your accounts ledger or records, overdraft protection will help you in solving your credit problems. Check the terms and conditions before you use the overdraft protection.

You can also take the help of a consumer credit counseling service available in each and every state. They will help you in setting a budget and plan a debt repayment structure for you. You can also take the help of your employer, credit union or housing authority.

Regards
Roxette

That is why I can only pay $200 - $250 per week. I am trying to be realistic about what I can pay toward paying off these debts, while keeping all my other bills current. I will never ever use a payday loan company again!!! Paying them off is a very difficult task. I am willing to pay them, but seem to have trouble figuring out who to pay. Some have turn accounts over to Ellis Crobsby, GTO, and Accounts Receivable Tech. I have paid back the payday companies that would let me pay directly to them. Using a third party to negotiate payoffs seems to work much better when trying to deal with some of the companies directly. That is why I am looking for a company that will do payday loan negotiation service.

I contacted BHR this week and they are willing to help me. The lady I talked to never mentioned to that BHR was changing their policies. In fact, she told me to tell the ones calling and harrassing me that she was representing me and for them to call her.

I presently have 5 payday loans outstanding. YIKES!
I am paying just the interest and rolling them over BIG MISTAKE... Guess where all my income tax return is going??????
Please.... DO NOT EVER take out a payday loan! It starts a vicious cycle that cannot be broken!

Could one of you please give me address and phone number of BHR? From the sounds of things I am reading, they can help get people out of debt with payday loans.

I was wondering is there anyway, or anything I can do so that they stop overdrawing my bank account?

Ladyeee

To stop withdrawal from your bank account, you might close the checking account to which the payday loan companies have access.

Once it is closed, they will contact you later. You can make arrangements at that time. But by that time, the fees will be very higher with revolving interests. If you can manage, try to contribute as much as possible so that most problems get avoided.

My bank had me do stop payments on the ACH (auto withdrawals). It cost me a stop payment fee, but will be good for 6 months. That way I didn't have to change my bank account.

Greengranny, in the meantime, you can gather funds so that when the loan companies contact you later, you can pay them off without pushing it further. Otherwise, the fees will keep multiplying.