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Good Morning: I have an old payday loan that was taken out in November of 2005. The loan was taken out in a state in which payday loans are illegal. I now live in a state in which payday loans are legal. The loan was taken out over the internet from a company called 1000-Loan-Payday.com. National Credit Adjusters now has the loan. I called to see about making payment arrangements. The only way the said arrangements could be made is if I give them a checking or savings account number for 3 automatic debits to cover the amount due.

Okay, on another post I think that there was some confusion or fear about having to claim money saved from debt settlement as income earned on your taxes. I would like to clarify and also reiterate some things about that. Debt settlement is a much better solution for a great majority of us. We all know that here. What isn’t commonly known is that creditors are required to report forgiven debts greater than $600 to the IRS on form 1099. This notifies the IRS that you have settled your debt for less than full balance.

someone had mentioned to me once that they had sued a CA over FDCPA violations. they had sent plenty of C and D type letters certified mail, but the company claimed they didn't get those same letters and that the receipts they signed were for other letters. Has anyone ever seen this before? I'm wondering what people could do to safeguard themselves from people being this scummy...

Hi, Let me start by saying I'm not sinking here - I'm trying to make things better before I do. My debt portfolio: $3000 credit line with capital one, 14%, $55 a month. $300 credit line with orchard bank, 10%, $20 a month. $79,344 private student loan TOTAL (4 separate loans with AES) Interest is at 4.25% for each of the 4 loans, $280 a month. $17,754 auto loan balance, 17.7%, HSBC, $407 a month. What should I combine?

I have a lot of cc debts; current and maxxed out. If I can settle it I can borrow the $$$ from a friend, but I want to settle it without going past due. Is that possible?

i just noticed that SMO and BEA2LS are past 1000 posts.i know this is nascar's thing now.just an FYI.

Hi - I'm new here, and apologize in advance if I'm restating a situation that's been addressed a bajillion times already. I started reading through this site for assistance a few weeks ago, and thought that a debt management program would be the way to go. I'm approximately $19000 in debt - computer store, furniture store, and department stores - and although I've been able to make my housing and utilities payments, insurance payment, car payment and steady payments on two very small (under $500) credit cards, the rest I was not able to keep up with.

Well, I was not at work but i read about it in the newspaper.. they are talking hiring freezes and pay freezes at my work. i work for local government and they did not say anything to us yet but there it was in the newspaper. i am scared to death over lay-offs, i am barely making ends meet now, cannot find a second job for the life of me and here comes this. i have been here longer than some (I have maybe six employees or so under me) but only have three years service time. to think i was stupid enough to start planning a vacation this summer..

I took out a payday loan with speedy cash in tx it was over the internet. I defaukted on it after i made like 4 or 5 payments of 152.96 now they have turned it ove to a collection age. Named ad astra recovery services and i recieved a letter today stating that i had 15 day to respond back to them and pay 657.00 or if i didnt they would sue me and go for my protery cars bank accounts etc... They also said that if i didnt rspond that they would have access to my credit report, bank accounts, credit card, employment, etc...it has shown up on my credit report and i disputed this.