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Payday Loan Consolidation Programs

Date: Fri, 08/10/2012 - 10:14

Submitted by rfbl
on Fri, 08/10/2012 - 10:14

Posts: 7 Credits: [Donate]

Total Replies: 3


I have 4 payday loans due at the end of this month totaling $1200 and 4 installment loans with payday lenders totaling about $12,000.

My brother recommends Chapter 13 bankruptcy but lawyer fees are about $4000 to do so.

I have started looking into payday loan consolidation programs. What does anyone know about the success and legitimacy of these companies. Any particular recommendations?

Thanks in advance - the people on this site have been so helpful to me!


I have already shed many illegal ones. Here is what I have:

$300 in PDL each with PayDayOne, MoneyTreeInc, SpeedyCash, LoanByPhone (aka CheckIntoCash)

Approx $3000 in installment loans each with CashCall, ChecknGo, CashNetUSA, SOS Loans.

I am in California - are any of these illegal in my state?

I tried negotations with CashNetUSA a few days ago and got nowhere. I want to eliminate these debts ASAP, not just get by with the current payments. How did you pay off in 3 months?

I am considering debt solution companies becuase I do not know whether I can handle this myself.


lrhall41

Submitted by rfbl on Fri, 08/10/2012 - 10:52

( Posts: 7 | Credits: )


I also have a CashNet loan but told them I was in financial hardship and needed to set up payment arrangements. First time it was a bit high but the 2nd time we negotiated to a good amount every two weeks and will be taken care of in 2 months.


lrhall41

Submitted by thedaley3 on Fri, 08/10/2012 - 11:29

( Posts: 20 | Credits: )