Storefront payday loans

Out of all the PDLs, I only have one storefront lender. I contacted them before the due date and let them know of my closed account. I also informed them that I will be turning this debt over to the consolidation company. They said it is fine and they are willing to work with the consolidation company.

I think the PDLs are willing to work with you if you call them and let them know of the situation.

But if I'm not going with a consolidation company and not closing my account, do you think it's worth asking them to work with me? I'd like to make a $50 payment per month (to each) until they're paid off, and ideally no more interest...I just don't know if that's something they'd even consider or will I just get laughed out of the store.
If anyone has suggestions on how to approach them (what to say) I'd appreciate it!

It is worth a shot. Give them a call and see if they are willing to work out a payment arrangement that you can afford. Would not hurt to ask. If they refuse, then go with the consolidation company.

I had about 4 store front loans a bout a year ago. I sent each of them a certified letter stating what I could pay them per month and included at money order in that amount. Only one of the companies would not work with me. The others I paid 25 dollars every two weeks until I finally paid them off. Good Luck

Hi razmom

Most of the payday loan lenders give a positive response to the proposal placed by you. There are some companies that are very hard to deal with. For them, consolidation companies are a good choice.

Remember, you must offer them a realistic payment plan and stick to the payments. They will be interested to offer you some benefits during this term. If you miss the payments, you will lose some of the easier options.