Progressive Debt Relief – getting conflicting responses. Help!!!

I have recently gotten in way over my head with online payday loans. I have forbad have been paying refinance fees forever. My loans are:

1. Fireside cash:loan amount 900: paid $1300 so far over 7 pay periods.
2. Greentrust cash:loan amount 800:paid 2200 so far over 10 pay periods.
3. Mynextpaycheck.com: loan amounts 600: paid 680 so far.

I want them paid off but can't get ahead because of the finance charges. Should I go with debt management company or try working it out with the lenders? I am also thinking of closing my checking account and opening a new one to prevent further ach withdrawals. I use bank of America. Anyone know how they handle this situations? Thanks so much.

What state do you live in ? Nevermind I see you already posted that you live in Arizona. The store front pay day loans will usually settle around 60 % where as internet pay day loans settle around 30%. You may also want to shop with a couple of other company's other than Progressive Debt Relief that specialize with Pay Day Loan Settlement. Langehorn debt solutions and PDL Assistance both do good work although be aware their fees will likely be similar. However you are willing to take the time to do the dirty work you can save more money doing this on your own.

I settled mine on my own..but it is up to you if you want to go through the hassle. We are here to assist you if you do decide to settle this on your own and we don't charge any money just free advice.

Don't go with Langhorne. . .they are a phoenix and dangerous. Check their PDL roots.

I would love to do this myself that is to settle my own payday loans, so could you advise me how you did this own your own.
Thanks

Hi,

If you could please tell us:
State you live in
name of company
internet or storefront
amount borrowed
amount paid back including fee's

We can give you some more info to help you through this :D

I had 4 storefront payday loans. Before the loans went into default I closed my bank account and opened a new checking account with the same bank,my bank Chevy Chase confirmed once account was closed it would not be reopened for any reason, they would simply send checks etc returned.
*i live in va.
1. close account that pdl have access to before loan is due***
2. you can file a request for a repayment plan through your state corporate commission office, they are the regulators for the pdl.
3. i would also keep in contact with the lenders after you default to at least let them know you are filing a repayment plan with the state, most will have no clue what you are talking about however they will know to await a letter from your state commision and hopefully this will prevent any calls to your work.
4. search for the "scc" or Bureau of Finance I called and they advised me to list how I got into the situation, list all debts and pdl address, then they will submit a letter to all pdl you owe, you will also need to propose how much you can afford to pay back monthly, be realistic, for myself I was able to offer $40 per month for each 4 lenders.
5. so far 2 of the 4 lenders have answered the state and accepted my offer and were very nice about everything.
the other 2 I have not heard from yet, although the lenders have I think it's either 30 or 45 days to respond or they will be fined. I hope this helps someone.

Thanks HC, thats great info :D

Sorry forgot to mention..please check the laws for your particular state regarding payday lenders before closing your checking account.
In Va you cannot be criminally charged and you are able to close your checking account.
Just make sure to check your state laws regarding pdls.
If you are able to close your checking account legally, I would do it,you have to safeguard your money, once they do not have access to your bank account, they will have no choice but to work out a payment plan or in most states file a civil judgement taking you to court which again in most cases a payment plan is set...just advice, I'm sure everyone has a different way of handling stopping the cycle,just thought I'd share my story.

Does anyone know how this works in Ohio? I also have multiple store front loans and need to stop this cycle. I have a limited income and mortgage payments must come first. By the time they get paid (PDL's) there is little left. I have to re-loan to pay neccessary bills. Any advice is welcome!

pepsigirl, what are the names of the store fronts?

omg thank you to every one on here ur information has been so usefull i have 4 and i can not belive that i got myself into this ,mess. i am call the state commissenerr 2 morrow and fixing this MESS. i am 100 percent aganist paydayloans



. Obama is rite to try and get ride of them.

How do I go about filing a repayment plan with my state? How do I know if my state allows it?

Thanks for all the advice, but has anyone worked with Progressive Debt Relief?? That was the original question for this message blog. Thanks!

I'm in Texas. Can't find what our laws are for closing checking accts. What if i just stop my direct deposits from going there, and take of the overdraft protection. Technically the account is still open. THe checks will just go NSF. At that time would the PDL's be willing to work with me

Progressive Debt Relief may or may not, but you will be going further and further in the hole with NSF fees.

hey titan4him, in regards to your question.

i started using progressive about 5 months ago. i acually ended up cancelling the program. the only reason is their rates to do payday loans is like 40% of the debt. they charge alot. and they dont settle with payday loans they just make you ay whatever balance there is. so i figured it up and i can acually pay them off faster by doing it myself versus paying an extra 40% plus my debt. but other than that i didnt have any complaints against progressive, they were always nice and always answerd my questions quickly. and i havent really had to deal with many phone calls, i mean i still had a few but not as many as you would expect from as many payday loans i had. i think the company is good they just charge alot of money. if you have any other questions let me know.

i am currently further into debt dealing with these online pdl because of the advice i was given by progressive debt relief. i was told that i should put a "for deposit only" hold on my account, which means that the pdl's would not be able to withdrawl any money. instead, i just had my account number changed. and i started paying progressive their fee to handle this. i wal told that they would send out the c&d letter to the pdl's and that i would not hear from them anymore. well they still call, still send e-mails, and progressive has not settled anything for me. so, i cancelled their services, and am currently awaiting a refund. i'm going to clear up the pdl's on my own.

I have been talking with PDL Assistance and Progressive Debt Relief to find the best solution to work on taking care of all of my online payday loans....PDL has a $200 enrollment fee and $416 per month for 12 months, PDR has no enrollment fee you start with the first month payment, $713.10 in my case. I have 13 online payday loans, I'm going crazy trying to keep up with it all and getting very tired of all of the phone calls to my home, cell & work. I would like to take care of these myself in order to save some money but it seems to be very time consuming. Any advise? I live in Texas and the loans are with the following companies:
Loan Point Usa $600 loan $180 fee pd once
Ameriloan $300 loan $90 fee pd once
Nationwide $400 loan $120 fee pd once
CMG $300 loan $90 fee pd once
SGQ $300 loan $90 fee pd once
Cashnet USA (in default) owe $604 total
Ck-N-Go $925 loan $235 fee pd twice
M1Y $250 loan $75 fee pd once
Speedycash $500 loan $127 fee not due yet
First Cash Direct $500 loan $122 fee not due yet
Payday Loan Yes $350 loan $105 fee not due yet
Payday Online $300 loan $90 fee pd once
Payday Max $100 loan $28 fee not due yey
Should I attempt this on my own or sign up with a company?

If your funds are tight, why would you pay someone to do what you can do for FREE?? Do not waste a dime on these "assistance" companies! If you cannot get help from Consumer Credit Counseling or if you do not have Catholic Charties in your area, do it your self and save a ton of money!

I started doing this last week, the 4th, and have already gotten two paid in full letters. It really is a fairly easy process and not that time consuming. All the info you need is on here - check the stickies at the top of the forum page - ask any question you need to - nothing is considered 'dumb' on here - and there are many people that can get you the answers you need -

Does anyone know if any of the online payday loan lenders I listed above are legal in Texas or not? If not, how can I find out? I've decided that I'm going to try to do this on my own, I've already opened a new acct so when each lender goes to debit on 5/29 they will not have any luck. Should I let the loans go into "default" before requesting payment plans? Also, any advice on how to stop the phone calls?

Any assistance with the above post would be greatly appreciated. Thanks.

What are the laws regarding closing you bank account to stop pdl for taking money.in Texas
please help if you know wha the laws are.

Please don't contact this company. They are worse than payday loans.
You can do negotiate yourself. Some of the payday loans company don't even want to do any business with progressive debt relief. Thank God, I came to my senses before the third payment to them. My payment were $329
My refund was $122.00 :

i was recently with Progressive Debt Relief. at first they were real nice and helpful. they told me that it would take a year to settle my debt. i thought this was crazy. then a couple of months after i started the program i got a calll from one of my payday loans that said I could settle 3 of my loans with them, they sent me the email confirmation of the conversation and everything in less than 15 minutes, and with 3 payments of $150 I had settled over $1000 in payday loans. so i started thinking to myself i can do this on my own. so i contacted PDR and advice them that i would like to cancel the program. They informed me okay that's fine, but a month later another PDR payment came out of my account, so i contacted them again, they said they could not reverse the ACH, but would cut me a check, i said okay, then another month went by, no check, but yet another payment was drafted. so i contaced the BBB, and advised them of the situations as well as my bank, with proof the payments were unauthorized, and that's when PDR, started calling me, and responsing to emails. Ive been dealing with them about this for 4 months now. they wouldnt even give me a detailed report of were my money went, i dont even know what payday loans were payed. my bank returned the unauthorized payments, and i have since then gotten myself out of payday loan debt(ON MY FREAKING OWN), it can be done it takes time a patience, and a little know how. DO NOT USE PAYDAY LOAN ASSISTANCE. Think about your paying then a fee every month over a year's time, think about how much money that is, you would have essentially paid off your loan(s) twice over. My suggestions are.

1. tell the bank to block those payments from your account, or place a stop payment" on the payday loan payment,contact the loan company and advise them that you are changing accounts, you dont have to change accounts, but it will open doors for my flexible payment options, like western union and lower payments, it will also give you a little more time to pay the loans off.
b. as long as you are making strides toward repaying them they usually try to work with you, exspecially if you've had the loan for a while, if your loans are storefront, and you had to write a voided check for then, let's say you didnt come into the store and make you payment when it was due, they will deposit that voided check, of couse you didnt want that, but that's last usually the last thing they want to do, bc you cant borrow from them again, and that means no interest for them. But in your case if your in trouble with them your having trouble repaying them, that's exactly what you want them to do. You will want to make sure there is not enough money in your account to cover the payment, that way it will return to them, they will contact you about this, and maybe even give you some long spill about legal, and credit matters, but they want there money,so thats when you ask is there some other way i can pay you, you will find that lots of places have last minute options, they will not tell you about them, bc for the most part, they cant charge you interest, the payments are smaller, and depending on the amount of the loan, it could be over a couple months, rather then weeks.
c. if the loans are internet based, for the most part they dont do credit checks, they dont verify work phone numbers, and alot of them are over seas basedm they arent even supposed to be lending money in the US. this could be good for you if you dont have the money you just dont have it( and they will have a hard time coming after you), the payments will keep returning to them, so they will start calling you with who wants to help you,the first few times anyway, after that the calls may start getting nasty,( but them calls usually leave messages, that you dont have to answer, or at least you can call back and speak with someone else( in my case i lucked out 3 of the companies i borrowed from, were affliated with one another), so i setteled them together for a fraction of the cost)(i spoke a little about that above) remember they want there money so you set the standards of what you can repay, dont let them make that decision for you.
2.you have rights, the Federal Trade Commission is a wonderful source when it comes to things like this, they also have great example letters that you can use to write your loan companies,, offering a debt settlement.

hopes this helps good luck!!

I thought Langhorne and Progressive Debt relief were one in the same.

Does anyone have their entire application that they sent to Progressive Debt relief? I need a copy of it. You can white out your info, scan and email it to me. It needs to be prior to Oct 08. Thank you so much

I'm in Texas how can I find out what the laws are?

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If you borrow the money pay it back- dont borrow more than you can afford- we are up front with the fees- and just for the record, I work in Alabama and PDL DOES not help, thay only take your money and hold it for 12 mths...in the mean time my company is taking your paycheck!!!.........just saying......: )

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they sound defensive, maybe because this site if helping others to know the real truth... they can not hide any longer behind their preditory ways.

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I used to work for Progressive Debt Relief and its a total scam. They make you pay HUGE upfront fees and cannot guarantee results and free you of debt. I left that company ASAP when i found out what the real deal was. They do nothing but take your upfront fee, and then take half of your payment. Total rip off, dont do it

These people are serious crooks who pray on people in desperate situations (or so they make you think it is life or death situation). They take your money you send in each month in hopes of settling the accounts and in turn, they earn money off your funds in interest. Then they charge unreasonable escrow fees to earn money from your funds, not to mention the huge (40%) fees they take to "settle" your account. They do absolutely nothing to settle until you have paid them a boat load of money and even then dont tell you that they just settled the debt for way less than you paid them ("thanks for the bonus buddy!"). Oh, and heaven help you if you decide to cancel and settle payday loans on your own (which is what you should do in the first place). They tell you all your fees, of course minus their 40% settlement fees, are refundable, but only after they take more fees out leaving you with most of your money gone. Thier customer service sucks, they are very rude (even ruder when you cancel) and have given me and many others the run around when we call for assistance reguarding our account (which they never send you any invoice or progress on by the way).
Most of these payday loan companies will settle for 25 to 40% of the total debt. I did so without having Progressive or anyone help me. Could have done it with just 3 of the payments I sent to progressive instead of the 10 I was foolish enough to lose.

I tried to cancel after 10 months of wasting my time and money with them. It took over 30 days to get my puny refund, only after they gave me a run around and taking more money from my account when unauthorized to do so("sorry, just fell through the cracks buddy") Just steer clear of these guys, they are out to make your situation worse.
I hope I stopped you in time before you became a victim like me......

I live in Las Vegas Nevada, does anyone know the best place to contact to get information and or help with n[COLOR=black]egotiating [/COLOR]our payday loans.

do not use these crooks. they will destroy your credit and steal your money. they destroyed mine, took $10,000.00 and settled one small account. pure bullshit. if you are in financial trouble just file bankruptcy. your credit will ne destroyed whatever you do and you are either going to pay off your creditors in bankruptcy or pay these crooks and also pay taxes on all the money that is written off. they never disclose this to anyone. let me say it again fuck progressive deby relief

I would like to know what you did to settle with the "online" payday loans. What suggestions do you have for me. I am so afraid of them trying to sue me and me losing my job.

Help

I am currently going to go with Progressive Debt Releif to settle my PD Loans, however, I was advised to close out my checking account and open a new one. I live in PA - Can I be criminally charged for this?

don't do that/pdl's are totally prohibited in pa.meaning all of your loans are illegal.please list the following before paying someone a fee.

1)names of each lender
2)amount borrowed from each
3) amount debited by each

btw since the debts are illegal they can't do anything to you as far as that goes.

I just went to the FTC website and found out in my state its against the law for lenders to loan money at more that 33% and if they do the amount to pay back is unenforceable.:p

Stay away from this company they are complete scammers and if you decide you do not want their services they will keep what money you have paid them !!!!!!!!!!!

I have to agree with everyone else, they are keeping the money that I paid up front even after I cancelled my services with this company. BEWARE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Do not go with a debt relief company.  You can handle this yourself.  What state do you reside, list your lenders, amount originally borrowed, and the amount you have paid back so far.  It very well may be that your lenders are illegal.  Answer the questions and we can help you further. 

I am  think about joinig progessive debit relief program.  Is this a good program to join.  Have they lived up to what they say the will do to resolve settlement from pay day lenders.  Are they money back gurantee?  Are they legtimate>  Are  they committed to satisfying the customers.

Does any one know if in the state of FLorida I can cloise my account without being crinlinally charged or where can I go to find out. Also is it a criminal offense to default on the loan or civl. My loans are on the internet not store based

Scam or only hearing what you want? Yes they charge a fee, how many of you work for free? Upset at their BBB score? PDL companies are a+ and they screw people hard. Sure you have to make a few payments first. They need the money to reach the amount of the settlement before they can pay it.

You can not be criminally charged for closing a bank account. Debt is civil not criminal.Who are the loans with - how much borrowed - how much repaid already - some may not even be legal... 

By the looks of things, you have overpaid. Please list your state. It very well may be that the lenders are illegal. DO NOT go with a consolidation company. You will be wasting your money as you can handle this by yourself. Answer the questiion and then we can help you further.