Payday Loan Hell

Date: Mon, 12/13/2010 - 19:30

Submitted by gresham.mt
on Mon, 12/13/2010 - 19:30

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Total Replies: 3

We contacted a debt consolidation company about getting out of Payday Loan hell. We have 4 current loans out and were advised to close our account. We live in Missouri and this seemed logical, did it, and now are receiving threatening calls that one is going to prosecute us for the closed account. What do we do? Where do we start? At least our money is safe now but do we start negotiating terms on our own?

If they were Internet payday lenders the chances are pretty high

If they were Internet payday lenders the chances are pretty high they aren't even legal, but in order to determine that we need the following information:
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.

lrhall41

Submitted by Shazzers on Mon, 12/13/2010 - 20:12

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have you checked your state laws. first check missouri laws an

have you checked your state laws. first check missouri laws and find out if they are legal or not, list the information that Shazzers asked.it will help them to guide you better

lrhall41

Submitted by bakerjon on Mon, 12/13/2010 - 22:12

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The debt consolidation company will negotiate an alternative rep

The debt consolidation company will negotiate an alternative repayment plan with your payday lenders. Prior to negotiating on your behalf, the company will help you determine the maximum monthly payment you can afford on your payday loans. The purpose is to work out a suitable plan so that you can continue making payments and get out of debt in a short time.

lrhall41

Submitted by Nickharper on Mon, 12/13/2010 - 23:54

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