T&C address

I went for T&C first. They could not deal with all my payday lenders. My lenders refused payment from T&C. I was contacted by a company referred by this site. They could help me. Go with this site. PM me if you need T&C address.

If you have not received a call from the consultant till now, you will get it shortly. Review all the accounts that you wish to consolidate in the program. Have all papers handy so that the consultant can prepare a better quote for you.

I am sure the consultant will be of great help to you.

truwoman31, has someone already sent you the contact phone number for T&C?
And as the other posters suggested, if you haven't already filled out the consult information for the site I would do so. Then you could compare the two companies debt consolidation plans.

truwoman31

Hi, welcome to the forums! When you signed up on this site, you should have entered contact information. Shortly after joining, a debt counselor is suppose to contact you. Has anyone notified you about their program and services.

In any event, even after speaking with one of the counseling programs that we offer to you, if they are not able to help you, then we can forward on an agency that has been known to resolved payday loans, and other hard companies to deal with.

Please let us know if you need more information or help.

Regards-
Mike

I am waiting to hear from the company this site matched me with but have heard so many good things about T&C. Does anyone know what states the deal with?

Also, how can you find out if a loan company isn't licensed in your state? I've seen that mentioned alot as well.

truwoman, which state do you live in, if you don't mind me asking? I'll see if I can find the licensing information for your state.

I too would like to find out if a loan company is licensed in my state. I live in Virginia. I have 4 PDLs and can't afford them. I need to do something before my next payday on the 28th and they take $300 more. I contacted T&C but they are closed on weekends so I left my name and number. Are there any other companies that do consolidation with payday loans?

I live in Indiana

ccgirl, some members are using the debt consolidation program offered through this website, and I think I read that they work with pdl companies. I've also seen mention of Hess & Kennedy. It doesn't hurt to research the companies to find out which program would work best for you. And if you borrowed from internet lenders, I can tell you that it's unlikely any are registered with the state of VA. I'm also a VA resident, and I couldn't find any internet lenders that are licensed here.

If you haven't already, and I know this is a pain, I would highly recommend either getting a new acct at a new bank, or at least having your current bank freeze the acct and transfer your acct. Some people have had trouble getting the internet PDL to stop debiting accts, even after the companies start accept payments from a debt management company.

Odds are that you have repaid them more than is allowed by VA law, which is 15% per $100. And I've noticed that the companies seem more willing to negotiate when they find they don't have easy access to your bank acct any longer.

truwoman

According to Indiana law, payday lenders must be licensed. I found this from a website that offers free legal services to IN residents (Legal Aid), it's a summary of IN law

And this is direct link to IN law:



Loans are allowed to range from $50 to $500, with 15% interest allowed on the first $250 of the loan. $251-$400 is 13% interest, and $401 to $500 is limited to 10%. Minimum loan term of 14 days.

Thanks setsail. I'm finding that the companies are licensed in their own state. So even if that's the case, they still have to be licensed in Indiana as well, correct?

Thanks set4sail. I checked the list and of course all 4 PDLs I have are not listed. So what should I do now. If I close my account then my VA Disability and my payroll check will be in limbo. If I let the money go in there then the PDLs will take their money. I could put a stop payment on them but they said it will only last 30 days. I guess I could do the stop payment and then change my direct deposits over and close that account. Not sure what I need to do. I am so glad I found this forum though.

ccgirl, definitely go with putting a stop payment on them. I beg to differ that it only lasts 30 days, but whatever. Most banks I've talked to state 180 days, and I didn't find a specific timeframe listed in federal guidelines.

It's too late this month to transfer disability and such payments for the first of May, but I would definitely open a different acct. Another strategy would be to tell the bank that you would like to open another acct THERE, and they can transfer only the deposits and authorizations you wish to have continued, over to the new acct. Maybe they will do that for you.

What else to do? Send the companies letters stating you've paid $xx, on loans of $yy, and overpaid $zz according to VA law. State that you wish to have the loans considered paid in full. It doesn't hurt to start with that.

Dana

Can someone send me the contact information for this company?

heather75, check your PM. I hope you must have got it.

Ok. Today I went to my bank and they had me sign an unauthorized withdrawal form for all 4 payday lenders. They said however that if they get a contract with my signature that there is nothing they can do. I, however, never signed anything. I told them if they get a contract with my signature I want to see it because I received nothing to be signed. So, heres hoping that this works. I have my doubts though.

Also I signed up for this sight on Friday and I have not been contacted yet by anyone. So, please let me know what I need to do now.

Also are there any other companies that do payday loan consolidations? Thanks for any information you can provide.

You are likely to get a call from the consultant if you have not received till now. Usually, the call is returned within 24 to 48 hrs unless there is a weekend in between.

I live in Wisconsin and the govenor actually vetoed a bill that would be a cap on PDL's. They pretty much have free rein here. I can't afford to pay them any more. I believe I've paid the bill over twice, but not according to their interest rate of 527%. What can I do about it?

Read the link below that tells about the laws on payday loans in Wisconsin.


Call the company and request for the detailed statement of all your payments made so far. After you have reviewed all the payments done, you will be likely to make further decisions.

I would also like the contact information for T&C. I managed to get myself into huge trouble with PDLs. I currently have 8 and of course, I cannot pay them. I live in Nevada. Does T&C work with people all over the country? When I signed up here, CCCS was recommended to me, but I think I'd rather go with T&C since there have been so many user recommendations for them on this board. Thanks.

You can try a free quote from CCCS as it won't cost you anything. You will be in a position to compare between the two companies.