Texan ready to consolidate
Date: Tue, 05/28/2013 - 07:50
Online loan from ace cash express of $800
Walk in loan from speedy cash of $800
So far I have made four payments of $243 to ace and two payments of $183 to speedy.
I have the option of turning the ace into an installment loan with five payments of $365. The speedy cash has 10 more payments.
I am ready to consolidate. I contacted several companies and the options are 12 months with payments of $103 or 6 months with payments of $205.
My bank account is in the negative as I am getting behind in other bills trying to keep up with it all. I tried contacting ace and speedy for extended options but was told I have none. Is consolidation my only option?
Were these payment proposals
Were these payment proposals accepted by the payday loan companies??? Or did they just shoot these off the tops of their heads?
question
is that the total,or the fee you would pay?sounds awfully fishy to me as both ace and speedy do work with people.i would exhaust all options with the lenders before giving money to anybody.contact the corporate offices of both and explain your situation.drones on the phone usually don't get it done,but corporate most likely will.
These were the payments that
These were the payments that the companies came up with. I have closed my bank account linked to the withdrawls. I contacted the local offices and did not receive any additional help as far as lower payments.
again
contact the corporate offices for each lender as they have the authority to do EPP,or another arrangement.either that,or let them go to collections.then you can work out a plan easier that way believe it or not.just don't give anybody your money away which is what paying those fees is.as those don't include the loans i guarantee it.
I would not trust any company
I would not trust any company who comes up with a payment plan like that. Contact your lenders corporate offices for an EPP.