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payday loan consolidation

Date: Wed, 12/15/2010 - 23:59

Submitted by anonymous
on Wed, 12/15/2010 - 23:59

Posts: 202330 Credits: [Donate]

Total Replies: 4


Hw do I go about consolidating 8 loans in Topeka,KS


You will have to contact a local debt consolidation company in order consolidate and pay off the debts. The debt consolidation company will provide you with a free counseling session. In this session, a counselor will go through your current financial situation. Then, he or she will negotiate with your payday lenders and try to get a lower interest rate for you to pay off the dues. Thus, you’ll be able to pay off your dues at a reduced interest rate.


lrhall41

Submitted by Anna Sweeting on Thu, 12/16/2010 - 01:37

( Posts: 1827 | Credits: )


Tiffany, I had 8 internet loans and 2 storefront loans. I checked into a debt consolidation company and they wanted $1,600 in fees alone just to help me. I decided to do research and do it on my own. Through the advice of this forum, I was able to do it and now have 0 internet loans and making affordable payments on my 2 storefront loans. Why spend money on something you can do yourself? You could use the money to pay your loans. What are the names of the payday lenders? If a payday lender is not licensed to do business in your state, then you are only morally obligated to pay back the principal balance (no interest or fees).


lrhall41

Submitted by Lizzie1014 on Thu, 12/16/2010 - 05:25

( Posts: 382 | Credits: )


I agree with Lizzie. Tiffany, please share with us the following information:


  • Names of your lenders
  • Amount you borrowed from each
  • Whether they were storefront or internet lenders
  • How much has been debited or paid from your account thus far

We may be able to help you get out of this on your own.


lrhall41

Submitted by OhioGal1 on Thu, 12/16/2010 - 06:37

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