What should I do??

Hello,

If you have $10K in credit card/cell phone bills, I'd consolidate that portion. Last thing I'd do is get a payday loan because they will rip you off even more...they charge a ridiculous fee and thei program is totally wack. Definitely look into consolidation and as a last resort, you can try the debt settlement thing although I don't highly recommend it.

I only wanted to get a payday loan is to pay off my personal loan through different people. should I?

Do not get a payday loan. Like quesik stated above, they are nothing but a ripoff of your hard earned money. debt consolidation is your best option. That way everything is combined into one low monthly payment.

Tammy, PLEASE do NOT get a PDL...It will put you even farther in the hole.

Talk to a counselor about debt consolidation, and that will help you to PAY things OFF instead of getting farther in debt.

A lot of us are in this mess because of PDLs, so we're speaking from experience here. Don't do it, please!

Hello Tammy,
Getting a payday loan will put you in a deep hole later on. For instance, if you were to borrow $4000 in payday loans, I'd say the fees for combined will be at minimum $600 because companies charge you about 15% of the loan and sometimes a LOT more...I think it's typically around 15% under laws but they always overcharge (around 30%). My suggestion is don't get a payday loan because you have seen the horror stories on this forum. You should ask your personal loan people how soon you would have to pay them off and budget your finances rather than give payday loan companies more money they don't deserve. I would stay away from Payday loans as much as possible for your own good...although they give you money up front, they will take so much more back from you.

thank you guys for the responses. I will call T & C and hopefully things will go uphill from then.. thank you all :)

You're welcome Tammy! And remember that we're here for your questions and to support you through this! Even if it's just to vent, we'll vent with you! :)

T&C will help you out tremendously. Things will start looking up very soon.

I just spoke to someone by the name of Stephanie who has called me when I signed up for this.. I will have to pay the service fee of 305.. should I take her offer or call T & C first??

Hello Tammy, what's this Service fee they are talking about? is this a fee you need to pay to obtain the loan? because if it is, DO NOT do it. If you have to pay to get a loan, it is more likely a scam. There were some posts on this earlier this month about loan companies saying there's an upfront fee to get the loan but if you think about, wouldn't you be getting a loan because you don't have money? These companies think they are so smart in what they are doing but when you look from hindsight they are idiots. Don't take any loan that charges you a fee to get the loan...T&C is the better option to go.

the fee is for the attorney, I guess but its someone that called me when I signed up for this website.

Go through T&C. they are great!!!!!! Whatever you do...do not go through a pay day loan service. They will suck you dry. You think that you are doing good in the beginning, but it turns into a cycle that you can't get out of.......

thanks to this website, I am not stress free over my debts! Thank you all :)

I consolidated my debt with T&C, am I suppose to contact all my creditors and let them know??

Yes, it will be good informing your lenders about the move. Besides, your counselor will surely get in touch with them for the negotiations to take place