Need help making arrangements with payday lenders

ren

I'm not sure what "ren" means?

woops!some how my whole post got deleted,except for the last part of my name :lol: What I was saying was welcome to the forum-hope you signed up for the free credit counseling,they can answer alot of your questions. Thaere are companies that work with pdls. Also browse the forums on this topic and you will find others who have been in your shoes,and what they have done. Have you tried to work out arrangements with the original creditors? I fthey won't,someone with the credit counseling can help you in the right direstion-Good Luck...Karen

I am in the same boat. I need someone to direct me to a company that can consolidate/help me with my PDL's. What is T & C? I kkep reading about in on posts here, but how do I contact them? Will they consolidate PDL's?

Hi Karen,

Thanks for your reply. Superior is the only company that called me and they told me that no one can help me consolidate PDLs. I haven't heard from anyone else yet. And no one from the site has called me re: counseling. I guess I'll just wait.

Mercy-If you will go tto the Guide logo above the Post reply button,you will find alot of your answers there. This is a new addition tha I just became aware of -hope this helps...Karen

Karen,

Thanks. I'll take a look.

M

I just got a call from 1 PDL - Connect 2 Cash & they were willing to set upo arrangements with me. Well, that's progress!

Jen, please PM me.

It is better to approach your lenders first and propose your payment plans. Some of them are easier to work with while a few may sound tough in the beginning. Since you are making all the efforts to pay the past accounts and they want to get their money back, some arrangements can be done so that the accounts get cleared off. Be sure that if some extensions have been offered to you, don't miss your payments in the plan. They extend such benefits only if you want to clear the debt accounts without defaulting further.

Hi Anthony,

Thank you for your encouragement. Now that I am in contact with T&C, they will contact all my PDLs and make even better arrangements that I can. I am very relieved.

M

You are welcome, Mercy. We all are going through similar experience and you can relate with most of us. You will even hear success stories about how people have paid their debt accounts and are out of the payday loan trap. Once you reach the other end, swear on never taking a payday loan again. It's a relief!

hi
my due date is this friday and i tried to freeze my account but it was too late.
i talked to a few pdls to make payment arrangement but they say debit is set automatically and can't change it.
should i close my bank account altogether now?
i don't have enough amount.
does anybody has ideas?? thanks!

vivian, I will not suggest you to close your bank account before you can prove that the company did something illegal. If you close the account before, they might hold it against you saying that you were refusing to pay back them back. Talk to your bank supervisor who might help you in blocking the debit of the company. Every company has a transaction ID through which the debits are done. If your bank is able to block the ID of the company, the lenders won't have anything from your account.

hi passionhunting...yes i've talked to the bank today and was told it is too late.it takes 3bussiness day to place block and my due date is on friday...

Let me think if you have any other options. Meanwhile if you can arrange some funds and put it in your bank account, the debits can take place smoothly. You need to monitor it thoroughly and check if the company did the transaction properly.

what does T&C stand for? i am kind of new to this but in the same boat with so many PDL's. so the first thing i should do is talk to my bank supervisor before i close my account. need help.

if any other ideas, please let me know!
thanks

Vivian,
After talking with one of my PDLs and they told me that they had to debit my account & when it came back ISF, they would call me for payment arrangements - I did something radical. I closed my checking account at my bank and then simultaneously reopened a new one(I did not give any new account info. to the PDLs). I then called them and told them the account was closed and that I had to arrange to pay them another way - they made arrangements with me because they want their money. Then I contacted T&C - now they're dealing with them. This is what worked for me but I'm not telling you what you should do - I just felt as if I just had no choice left; talked to T&C yesterday. I hope your situation improves soon.

thanks mercy...i am not with t&c. i've just talked to somebody who called from this website, i guess.
i hope i won't have any problem but they are going to start talking to my pdls in a month or so as soon as they debit my first payment.
i was going to close my bank account but i couldn't stop direct deposit from my work this time.
i will before the next due date which is in 2weeks.
should i just freeze my account or close it altogher?
i know that they charge me $20 each to block from debit....

mercy , it was me!

Vivian,

When the DC company starts talking with your PDLs, I would close the account altogether and just open another one. Talk to the people at your bank; be honet and open with them, explaining what's happening. My bank did this for me in 5 minutes and it cost me nothing. You might think it's a hassle to talk to your payroll dept. & change your direct deposit info. and then let all your other auto bill payments know to change your account info. but the peace of mind is worth it because the PDLs may still try to recover their money through your account. But if it's closed - they can get nothing from you other than through the DC company.

M

ok, mercy
i will talk to my bank and see what they can do.
i was wondering why everybody's with t&c but me or few others...is it because of the area ?
did those pdls harass you bad when the accnt went default?
i have several...cash supply,xtra cash,zip cash,cashnet,usfast cash etc....

I'm not sure - I'm in NJ. I have no idea what happens now since I've just started but I'll see. BTW, if you're working with a DC agency, then you are making a valid effort to make payments, you're not trying to stiff the PDLs of their money.

M

Hey Mercy!

I hope everything is going well for you...let me know if you need anything else...remember I, and everyone else in the forums are always here to help!!

:)

Hi StL,

So far...I sent the contract to T&C. I plan to call them today to see what progress has been made. Thanks, as always for your help. You have been great!

M

Yes, always keep in contact with them.

They have been so busy lately with all the new people this forum has sent their way, so it may seem that they "forget" about you, when really, they're just really busy. So, don't get discouraged if you don't hear from them for a week or so. They will update you, and if it does make you feel better, call them and ask about your account frequently, and ask for statements on who they're paying each pay cycle, and how much. They can provide you with written statements for that so you have proof in case the shady PDL's try to claim that they are not receiving payments.

good luck and keep us posted! :)

Thanks, T. I will keep all that in mind.

M

Im looking for a place that consolidates payday loans. If anyone knows of any place please reply.