logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Give Langhorne another chance or go at it alone?

Date: Tue, 10/28/2008 - 12:46

Submitted by jenstokes
on Tue, 10/28/2008 - 12:46

Posts: 5 Credits: [Donate]

Total Replies: 4


I started a thread a few days ago about my payday loans and Langhorne debt solutions. Since then, the plot has thickened, and I am desperately seeking advice! I am a resident of Louisiana and currently have 2 outstanding payday loans with Payday One and Think Cash. Both of these loans were made prior to September 2007, and they were both in the amount of $500 each. I paid $435.50 to Think Cash and only about $50 to Payday One, prior to hiring Langhorne. Langhorne waited until they collected all of the agreed upon fees for their services and then sent me a drop notice saying that would no longer represent me due to my failure to comply with the agreed upon terms. (I wasn't sure if I wanted to hand over $500 to Payday One until I knew if they were licensed in Louisiana.) I have tried contacting Think Cash and Payday One via email twice to request license information and have not received a response. I just got an email from Langhorne that there was a "glitch" in their system, and I should not have received a drop notice. What is going on? Since I have paid all of the fees to Langhorne should I give them another chance to negotiate, or are they ripping me off too? By the way, they did negotiate a good settlement for me with CashNet USA. They also negotiated a settlement with Discount Advances, but I still ended up paying over $200 the original loan amount. And I had to find out on my own last week that my loan with Payday OK was marked "paid in full" back in December!


Do what you want as far as going back with them or not. Most people could do their own debt settlement if they want to, especially with the information available to them on boards like this one. On the other hand, you already went the debt settlement route. The glitch thing is probably b.s. I'm sure they read your posts here and reached out to you. But they are willing to keep negotiating for you and you say you already paid them their fees. If they aren't asking you for more money, where does the "ripoff" come in?

What I don't understand is why you're so upset about the settlement they got for you with Payday One. You took a $500 loan from them, paid "about $50" towards it, and didn't think you should pay $500 if they weren't licensed? You have to at least pay the principal back to an unlicensed lender.

Not that it matters. Payday One is licensed. (ThinkCash is legal too, BTW)


lrhall41

Submitted by on Tue, 10/28/2008 - 13:43

( Posts: | Credits: )


Well I considered the Discount Advances settlement a ripoff knowing what I know now about lenders needing a license. As for Payday One, I had already paid Payday Ok well over $1000 on a $500 loan, and I know the two companies are really the same. I hate to pay keep paying them money when I have already paid them enough to cover the principals! And I never refused to settle Payday One for $500; I simply wanted proof that they were licensed to conduct business in Louisiana, which I still never received from them.


lrhall41

Submitted by jenstokes on Tue, 10/28/2008 - 13:53

( Posts: 5 | Credits: )


I suppose I had hoped that a reader might read this and share their experience with Langhorne, or someone may let me know if they were able to negotiate a reasonable settlement with Think Cash or Payday One on their own. I have been overwhelmed with debt for the last 2 years, and I feel like I am finally getting a glimpse of the light of day. I just don't want to mess anything up when I am so close!


lrhall41

Submitted by jenstokes on Tue, 10/28/2008 - 14:27

( Posts: 5 | Credits: )