pdl consolidation with illegal lenders

No, why would they? They aren't legal, they are Internet criminals. Illegal lenders DO NOT NEGOTIATE.

Which company did you work with that you base that statement on, Shazzers? I'm curious because I worked as a negotiator at Langhorne for years before being laid off last fall (when the new FTC rules came out and the owners sold the company) and we worked with all of the lenders I see people call illegal on this site. In fact, they were usually much easier to negotiate with than the "legal" storefronts. Since they couldn't sue, while a store can, they were generally more motivated to take something rather than nothing.

I should have said they (illegal lenders) don't negotiate fairly, and unfortunately even after the fact you will still be harassed, and your personal information will still be sold to bottom feeder collection agencies and only God knows who else.

So, a person has two choices:

Pay a debt solution company to negotiate with an illegal lender for xxxx amount of dollars. Eventually, when enough money has been saved (which could take weeks to months) the debt solution company pays the lenders the amount negotiated (which is usually above and beyond what they are legally entitled to receiving). Then the illegal companies who were assumed to be paid off, sells your personal information to other illegal lenders or bottom feeder collection agencies, or God knows who else, and you start receiving threatening phone calls, threatening emails, etc., etc. Meanwhile you have paid a debt solution company to take care of these debts, AND paid the illegal lenders more than they are entitled to.

OR

Send the illegal lenders emails that offer them the remainder of the principal amount you borrowed. The same outcome as the above minus hundreds of dollars.


Hmmmmmmm, what would you choose?