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Today's the day 8 payday loan fees would draft

Date: Fri, 01/13/2006 - 06:34

Submitted by cmcdonald
on Fri, 01/13/2006 - 06:34

Posts: 80 Credits: [Donate]

Total Replies: 3


Today is the day that my 8 payday loan fees would draft from my account. I consolidated my loans with Town and Country and have made my first payment to them. I closed my bank account and opened a new one. Suprisingly, I have not been contacted by one payday loan place. After reading these boards, I have expected to be bombarded with calls. Hopefully, my phone will continue to be silent! I was holding my breath until today- now I feel so relieved that I am on my way out of the hell I created for myself!

Thank you so much for all the good information that this board has- it has saved my life-- and quite literally my marriage. A word to anyone even considering a payday loan--- DON'T. It is so easy to fall into the trap. Find any other means that you can to meet your needs other than these loans. I know that I have learned a huge lesson- an will never again venture down that path!

Crystal


Hi cmcdonald

Welcome to the forums.

Keep in mind that you have had problems in the past with these payday loans. Consolidations of these loans are quite tough these days and are available very rarely. Now that you have taken some professional help and included these accounts in the program, be dedicated towards the payments with your lenders. If you miss any of the payments in the plan, you won't get these benefits again in the later period. In other words, your dedication in the payments efforts will only improve your credit ratings otherwise a permanent scar will remain in your file for a longer period. Be dedicated towards the program and improve your mistakes of the past.

Regards
Roxette


lrhall41

Submitted by roxette on Fri, 01/13/2006 - 09:51

( Posts: 4009 | Credits: )


Thanks for the response. I will definately stay committed to this program. I want out of this ugly cycle. My payments are very reasonable and within my means. T&C is looking to be the miracle I was searching for. I am going to strive to set a little extra aside and try to pay off even earlier than the 22 months they have me down for. I am ready to get back to the business of being debt-free!

Again thanks for all the answers and support this forum has offered.

Crystal


lrhall41

Submitted by cmcdonald on Fri, 01/13/2006 - 09:57

( Posts: 80 | Credits: )


Hi Crystal

Welcome back!

Try to set aside some money from your income at the beginning of the month. Pen down all your income and expenses and follow the budgeting tips offered by the consultant working in your program.

Once the debt with the lower amount is paid off, don't separate that amount from the payment plan. Use it in the same way by contributing more towards the higher debt amounts. This way, you will using your money in the proper manner and achieve a debt free life earlier than planned.

Are you looking for any second job for the time being?

Regards
Roxette


lrhall41

Submitted by roxette on Fri, 01/13/2006 - 10:54

( Posts: 4009 | Credits: )