payday loan companies

Some of them do add fees but not all. We have some that are just letting us pay through consolidation on our original balances. Each one is different, which ones are you specifically having trouble with? A lot of us on here have had dealings with a lot of them so maybe someone could help you out.

Since you have hired the services of the consolidation company, your consultant is supposed to negotiate with your lenders and arrange a suitable pay off. Please be in touch with your consultant as he is handling the negotiations with your lenders. Some lenders charge the interests in the beginning but after receiving a couple of payments, they waive off most of the fees and offer easy options. So, you can talk with your counselor for more details.

I am working with T&C, however, the original arrangement was for $100.00 per month. Now the loan company, Money Mart/Dollar Financial wants $175.00 per month. This entire amount isn't going towards my balance, it's my understanding it is going towards fees, etc. this doesn't seem right.

the overall monthly payment can go up that much? i have an original arrangement with T&C for around 500 a month and i cant really afford much more then that. is this monthly payment something that T&C will work with you with? or the original arrangement is usualy the best they can do and is usualy higher if some of the lenders arent willing to participate?

My original amount due to T&C was much lower, then as they started hearing from the creditors it started going up and up. The creditors will still take the lower amount, however, the harassing telephone calls and letters will not stop from the creditors unless they get what they want.

Anyone deal with these guys before on a debt consolidation or payment arrangement? Any suggestions. I still am getting telephone calls and nasty default letters.

How long have you been making the payments through the consolidation company? Usually, the creditors stop calling after receiving payments for a couple of months. You can always write a letter to stop calling you as payments are done through the consolidation company.

I am working with them right now for my debt consolidation. I just sent in my payment today to open my account with them. im not too sure how long it takes before i have to make my first payments. From reading in the forums alot of the calls stop after the payday people start receiving payments ftom T&C. Also you can send a letter called a cease &decist to the payday lenders and tell them you cannot receive phone calls at your work or home and can be reached via written communication to your address. If you are having trouble with payday loans, there arent too many companies out there that help consolidate them, so i would definetly give T&C a call.

Some payday companies will add fees and interest charges on, it's not the fault of the debt consolidation company. I'm am disputing with one company who has added over $600 in roll over fees and late charges. It is ridiculous. My debt counselor at T & C is also on the case so I'm sure something better will turn around for me. I have noticed that since I have been on the program for three months that a lot of my creditors are starting to drop the additional fees. I think they realize that I am serious about debt consolidation and getting these loans paid off. I would give it some time and keep in touch with your debt counselor.

mishele,

have you been keeping in touch with the payday lenders while on the program? i was thinking now that im signed up for T&C i would just let them deal with the lenders. Has it worked out to your advantage keeping in contact with them?

What are the standard fees for T & C? Are they paid monthly?

you pay 155.00 retainer fee to start the program.. you get this back at the end of the program assuming you make all your payments ontime to them.. the monthly payment plan really depends on your overall debt and the number of creditors you have and their willingness to work with the consolidation program.. i have around 17000 overall debt.. my monthly payment is around 511 right now.. you can contact them every 3 months and try and get it lowered.. t&c includes their fees in the payments you make monthly

I keep in touch with the payday lenders who continously harass and call me all of the time. LOL! I am trying new things so I consider myself a guinea pig. I would let T &C handle things right now. If you have problems with your lends, just call T &C and they will be able to take care of it for you. If you have any other questions, feel free to pm me.

I am trying to let T&C handle this, however, I am still receiving calls and letters from the payday loan company. I am afraid if I send them a cease and desist letter that they may just go ahead and try to sue me for the balance.

i dont know if they can as long as you are making payments through T&C.. have you tried telling them to contact T&C in regards to any payments since they are taking care of it for you?