Payday Loan Consolidation

Date: Tue, 01/03/2012 - 11:51

Submitted by TheBossLady-77
on Tue, 01/03/2012 - 11:51

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Total Replies: 2

I'm from Texas. I currently have an Installment Loan with Check n' Go that I can't payback. I've contacted them to find out my options only to be told that there weren't many other than holding a payment until my next paydate, which they ultimately denied doing. So now I'm trying to figure out my options. I also have 2 storefront payday loans from: one is from Allied Cash Advance and the other is from Big City Finance. Would I be able to consolidate these payday loans in Texas? If so does anyone know of repitable consolidation agencies that could help?

At first you need to make sure whether or not payday loan compan

At first you need to make sure whether or not payday loan companies are licensed in Texas. In this regard, you may contact with Texas Office of Consumer Credit Commissioner. If they are licensed, then you will have to pay both principal and interest. In this case, you may try to consolidate your debts, if you are in a financial hardship. Check this link to find a good debt relief company:
http://www.debtconsolidationcare.com/companies/usa-listing

lrhall41

Submitted by Tyler on Tue, 01/03/2012 - 22:20

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Since the following is true: 1. You're in TX where PDLs are

Since the following is true:

1. You're in TX where PDLs are strictly regulated and the 2 you have are from a storefront and
2. Your other loan is an installment loan rather than an PDL,

Then, the advice you received above makes no sense.

Since all of your loans are legal, you need to contact each lender and ask them to work out an extended payment plan for you. Your storefront lenders may convert you to an installment loan. They're under no obligation to do so, but if you're forthcoming with them, they may work with you.

If you cannot work out a payment arrangement, you may have to default on the loan and work with the collections department to pay off the account.

lrhall41

Submitted by OhioGal1 on Wed, 01/04/2012 - 11:52

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