payday loan consolidation

Before you think of consolidating, are your loans even legal??? What state are you in and who did you borrow from???

HI,

If the payday loan company from who you've taken out your payday loans are legal in your state, only then you need to repay both the principal amount and the interest rates. If the companies are not legal, you just owe them the principal amount. There are many debt consolidation companies out there where you may get consolidation help. You just have to check whether or not they're accredited by the BBB and the services that they provide are authentic enough.

You can ask your friends to recommend a good pdl consolidation company. Other than that, you can search in the Internet. But before working with a company, you should check its accreditation, fee structure and client feedback.

If you want to find out debt relief companies that will provide you a payday loan consolidation program, then you may check out the following link. I hope it will help you in the right way:
http://www.debtconsolidationcare.com/companies/usa-listing

Do not pay someone else to do something for you that you can easily do yourself. Most PDL "consolidators" are ripoffs.

Give us the info Soap asked for.

What are the names of your lenders?
What state do you live in?
How did you get the loan? (internet, storefront?)
How much did you borrow?
How much did you pay back?

Yeah, before you can even think of consolidating the payday loans, please try to find out if the companies are at all a legal one and if the state you live in allows payday lending. For details on payday loans check out http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

In case your state does not allow payday lending or if any of the companies aren???t licensed, you will be required to pay only the principal amount which you had borrowed.

Thanks

I too have payday loans that I want to consolidate. The hassle of closing my checking account, getting harrassed at home and at work, just doesn't seem to be the right course for me. My loans are legal in my state of Ohio, but because of the fees I cannot pay my primary bills. I got the loans when I bought a car because I didn't have the down payment. I bought the car for health reasons -- after being without one for 6 years -- walking was not an option for me anymore. I am not trying to get out of paying what I rightfully owe. I need a better way to do it with the resources I have at hand. So, if someone has some concrete information, please answer. Thank you.

Before going any further, what state are you in and who are your lenders? Do you know if they are even legal??

Concrete facts....the only way to protect your money is to CLOSE your account. PDL consolidation is done under voluntary cooperation....most do not choose to cooperate....and they will continue to drain your account.

Have you read the Ohio laws??? You are only permitted one loan at a time, max 4 a year. Rollovers are not permitted. Max interest rate is 28% for 14 days...they are a low interest state. If you have rolled over, they are ILLEGAL. If you are paying higher interest....they are ILLEGAL.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Soaplady: My loans are with: CashnetUSA (I have an EPP with them of $174 every 2 weeks for next 3 pays, since paid first one already); ChecknGo $450 loan(first payment due 8/25); and, Plain Green Loans (been paying $89.87 every 2 weeks since 7/7 on a $500 loan).I am nervous about closing my account. I have direct deposit, work for a creditors rights law firm (collectors), and don't think they'll tolerate these kinds of calls on my job. So, I feel like I'm in between a rock and a hard place. In the meantime, I cannot pay my mortgage and got the checkngo loan so that I could pay my car note and utilities!

While looking out for a payday loan there are a variety of things you need to keep in mind. The best payday loans are easily available. This means that getting one is relatively complication free. Always go with a reputed company. Get details of the company does well and which steps you need to take to stay safe.

The best part about payday loans is that they are quick. The money is sent to you much faster than you can imagine so that there is no pointless waiting and wondering. By having the loan sent directly to your bank account you avoid further complications and everything is kept transparent.

umm this thread is about betting rid of pdl's.not getting one so i really don't know what the post above me is about,but it is way off base.

rgoldsmith,

When did you get the PlainGreen loan? Was it PG when you got it originally or was it FBD?

Secondly, none of what you have are PDLs. You have 2 loans with CSOs and one installment loan (if it was with FBD). So, PDL laws don't apply.

You may have a change with PG, but they're a PITA to deal with.