My Experience With PayDay Loan
Date: Fri, 05/11/2012 - 17:22
Want to give people my experience with payday so far. (pretty much like many other in here)
Check into Cash
Check N Go
California Check Cashing
Check 2 Cash
USA Check Cashing
Cash Plus
All 300 each.
I came to a point where there was just no way I can keep up. I was falling behind on my rent, utility bills, so on and so on. I said to myself screw it. I just stop paying. I already have bad credit and have many debt in collections what else worst can they do.
1. local store do the usually calling daily
2. letters
3. letters - dont pay, credit will be ruin, will take legal action
I figure with 300 at each store. The amount of money they have to spend on lawyer and court fee, it will not be worth it to them.
After reading on tips on how to save, Im planning to pay the one that is on my credit report first and slow get rid of all this mistakes.
I have to admit it is wrong not to pay them back but I felt like a hugh boulder that has been on my back and shoulder has been lifted.
So, yes most of them report to the credit bureau, but at least when I can save enought I can maybe settle the debt for less than what I owe. And maybe also request for pay to delete option.
Thank you everyone for all the tips and advice. Good luck to others who are in the situation.
Check into Cash
Check N Go
California Check Cashing
Check 2 Cash
USA Check Cashing
Cash Plus
All 300 each.
I came to a point where there was just no way I can keep up. I was falling behind on my rent, utility bills, so on and so on. I said to myself screw it. I just stop paying. I already have bad credit and have many debt in collections what else worst can they do.
1. local store do the usually calling daily
2. letters
3. letters - dont pay, credit will be ruin, will take legal action
I figure with 300 at each store. The amount of money they have to spend on lawyer and court fee, it will not be worth it to them.
After reading on tips on how to save, Im planning to pay the one that is on my credit report first and slow get rid of all this mistakes.
I have to admit it is wrong not to pay them back but I felt like a hugh boulder that has been on my back and shoulder has been lifted.
So, yes most of them report to the credit bureau, but at least when I can save enought I can maybe settle the debt for less than what I owe. And maybe also request for pay to delete option.
Thank you everyone for all the tips and advice. Good luck to others who are in the situation.
How many PDLs have you successfully settled with? and How much i
How many PDLs have you successfully settled with? and How much interest did you pay on those $300 loans?
Lenders don't usually accept PFDs any more.
Best of luck in dealing with your creditors.
I was able to get two settle. Interesting enough they just settl
I was able to get two settle. Interesting enough they just settle for 2/3 of it. So I paid only $200. Maybe I just got lucky.