PDL Debt Solutions
Date: Fri, 07/02/2010 - 20:53
There are pro's and cons to using ANY debt solution company, esp
There are pro's and cons to using ANY debt solution company, especially when it comes to payday loans. Try doing a search on this site, just type in their name in the search box which is located in the upper right hand corner of this forum, read what others have said about them. They have a pretty bad rating with the BBB, an F.
Michelle, Langhorne Debt Solutions is a debt settlement company.
Michelle, Langhorne Debt Solutions is a debt settlement company. They mainly help people in settling their internet payday loans.
However, Langhorne Debt Solutions is not a Better Business Bureau accredited company. You can check it out yourself at http://www.bbb.org/us/Find-Business-Reviews/ . For more details check out the other threads on Langhorne Debt Solutions with Debtcc.
Moreover before you can join any debt solution company, you should check out if payday lending is legal in your state. Some states have prohibited payday lending.
BBB doesn't accredit any debt settlement company as per the nati
BBB doesn't accredit any debt settlement company as per the national policy the BBB announced last year. The handful of debt settlement companies that claim to have "A+" ratings are ones that managed to convince the BBB they were in a different industry.
Also, remember that the BBB may be non-profit, but it isn't a charity. Millions of dollars in dues come from payday lenders and banks who have a vested interest in trashing any debt settlement company. The BBB is hardly an unbiased source of info. If you are going to use their reports, I suggest you look at reports from several companies at once and compare how long they have been in business, how many complaints they have against them and whether they've been resolved. A debt settlement company that is honest with the BBB about what it does cannot get a higher grade than a D- (according to the BBB's own scoring formula!) so the grades themselves aren't helpful.
Langhorne Debt Solutions is in choots with the payday loan compa
Langhorne Debt Solutions is in choots with the payday loan companies; they are a scam. If you add up the fees you paid to them, then add the 1 or 2 'settlements' they reached 'on your behalf', it amounts to what you would have paid to the loan companies had you paid them off on your own, including interest. After you pay all your fees and a couple settlements, you'll receive an email or letter from Langhorne informing you that they have closed your file for any number of reasons that won't make sense; for example, they'll say you are 'unable to pay the settlements that were made' when in fact you paid the only ones they told you about, or that they 'have been unable to reach you' or 'you have not responded' when in fact you have returned all calls and emails to them. You'll notice when you pay all the fees and whatever settlements they made, the phone calls from collectors will decrease greatly and eventually stop - coincidence? If you live in a state where payday loans are illegal, only pay off the principal that you owe - you can make an arrangement with the payday loan company on your own to settle for less.
Quote:Originally Posted by AnonymousLanghorne Debt Solutions is
Quote:
Originally Posted by Anonymous Langhorne Debt Solutions is in choots with the payday loan companies; they are a scam. If you add up the fees you paid to them, then add the 1 or 2 'settlements' they reached 'on your behalf', it amounts to what you would have paid to the loan companies had you paid them off on your own, including interest. After you pay all your fees and a couple settlements, you'll receive an email or letter from Langhorne informing you that they have closed your file for any number of reasons that won't make sense; for example, they'll say you are 'unable to pay the settlements that were made' when in fact you paid the only ones they told you about, or that they 'have been unable to reach you' or 'you have not responded' when in fact you have returned all calls and emails to them. You'll notice when you pay all the fees and whatever settlements they made, the phone calls from collectors will decrease greatly and eventually stop - coincidence? If you live in a state where payday loans are illegal, only pay off the principal that you owe - you can make an arrangement with the payday loan company on your own to settle for less. |
Please refrain yourself from posting same posts again and again.