can you consolidate secured loans?

hello. I have some payday loan issues. one company L&m i borrowed $200 from them. i had to close my accout as i have 4 paydayloans all togeter and they were eatting me alive. L&M have been payed about $140 dollars and now they want to settle for $325. I live in the state of NJ and i want to pay off there loans but i couldn't do it with them taking all of my money out of my account. I owen zip19 and 500fast cash as well the most i've taken was 300 dollars but the payments are so hi i couldn't pay off the loans and still pay rent and eat.

I currently live in Louisiana and have many PDLs, listed below. I know the first step is to close my checking account which I will go do Tuesday after I have a few checks clear. After I close my checking account, then what? I cannot find out which of the PLD lenders are legal in my state. Please help!! I am drowning in debt! Current PDL One Click Cash 500 Fast Cash CashnetUSA paydayone magnumcash paydaymax discountadvances speedycash Any advice/help will be greatly appreciated!

I live in Texas and got way in over my head with payday loans. I've paid some off, but I have defaulted on the rest and closed my bank account. I hired a Payday loan settlement company who faxed cease and desist letters to them all, but the lenders are still calling and harrassing me and saying they will not work with the settlement company. The settlement company says that they will all say that and to ignore them and not take thier calls and to let them (the settlement company) deal with them. I'm confused as to who is telling the truth.

If payday loans gets a hold of my checking account from a different bank, can they change my closed account to the other account w/o my consent?

yea they just deposited 300.00 into my account how can this be legal in anyway???? well thanks for the advice i contacted my bank and they took care of it all any1 else please beware of this fraud company i had no contact with and deposited money into my account

I don't have any payments until 9/15 but am in the process of sending letters and will be closing my account after my insurance payment clears on 9/4. Has anyone had an issue with PDLs debiting early once they get the letters?

OK - so I sent letters to my two lenders, TheCashSpot aka American Consumer Credit and SureAdvance on 8/26. I heard back from SureAdvance that the correspondence had been forwarded to managment and they will make a decision within 7-14 business days. I sent an additional email yesterday requesting an update on my account and received the same generic email in response. I did not hear from ACC, so I resent the email on 8/30 and faxed the letter the same day. As of yesterday I still had no heard anything. I get the distinct impression they are blowing me off...any thoughts?:mad:

What is the minimum amount a collection agency can report on credit report. I thought they pass a new law stating anything under $100.00 cannot be reported on the credit report

Tom Martino is doing a segment on idiot collectors, and agencys........call him at (303) 627-8466, on the "old" accounts, 6 years or older.....DO NOT PAY A DIME, this is called ghosting, if you pay, it starts the 6 year SOL all over again!