pay day loans/urgent

Hi Marisa

Welcome to the forums. It is sad to realize that you are sacrificing your meals to pay your dues. Please do not get tempted by these payday loans in the future as this fast cash is very easy to acquire but drains into a deeper hole in the future.

You can clear all your payday loans and other expenses by consolidation. Since whole of your paycheck goes for payments, you can reduce your monthly payments considerably through easy installments with lower rates of interest. Your goal is to manage your debt by making your payments more affordable.

Since your credit report is also in a bad shape, debt consolidation will make your debt easier to manage.

Under this program, you will only have to make one payment instead of many and thus it will help you to keep your debt under better control. Debt consolidation will be the most reliable method for you as all your dues will be paid timely and thus improve your credit report.

http://www.debtconsolidationcare.com/benefits.html

Making your positive move ahead, please sign up with this site to get in touch with a trained consultant in your locality. He will develop a personal budget or find ways to reduce your current spending. He will also give counseling that will guide you thoroughly at all times of need.

Please do let us know if we can assist you further.

Regards
Roxette

[quote=roxette]Hi Marisa

Welcome to the forums. It is sad to realize that you are sacrificing your meals to pay your dues. Please do not get tempted by these payday loans in the future as this fast cash is very easy to acquire but drains into a deeper hole in the future.

You can clear all your payday loans and other expenses by consolidation. Since whole of your paycheck goes for payments, you can reduce your monthly payments considerably through easy installments with lower rates of interest. Your goal is to manage your debt by making your payments more affordable.

Since your credit report is also in a bad shape, debt consolidation will make your debt easier to manage.

Under this program, you will only have to make one payment instead of many and thus it will help you to keep your debt under better control. Debt consolidation will be the most reliable method for you as all your dues will be paid timely and thus improve your credit report.

http://www.debtconsolidationcare.com/benefits.html

Making your positive move ahead, please sign up with this site to get in touch with a trained consultant in your locality. He will develop a personal budget or find ways to reduce your current spending. He will also give counseling that will guide you thoroughly at all times of need.

Please do let us know if we can assist you further.

Regards
Roxette[/quote]

Payday loans are indeed very dangerous. Since they are very short term loans, they charge incredibly high interest rates. So eventually, they will put you in a hole.

The first thing that you need to do is make a commitment to yourself that you will refrain from using these payday loans again. You are already in a hole. And if you decide to sign up for another one, that would be even more devastating. And even if you clear out these existing loans, you should always keep in mind that payday loans are not the answer to your financial problems.

In order to fix this, you would have to become more fiscally responsible. this would involve making sure that you use cash instead of credit. A general rule should be that if you don't have the cash to pay for it, then you cant afford it. Because even though you take out a loan, these credit sources will eventually catch up with you. Because all of these credit based purchases are taking away from the money that you need to use for basic necessities: food housing etc. So I believe that fiscal responsibility is key.

And finally, I think that you should attempt to consolidate these payday loans. These high interest rates will have you paying back those loans for a long time. Consolidation will allow you to reduce the monthly interest and your monthly payments. So I recommend that you consolidate these payday loans so you can take care of your more important bills.

Oh boy....what I suggest you do is close out your account, and start a new one. Soon as your employer finds out, talk with them and say you're currently working out payment arrangements with them. If they've set up wage assignment already then...then ask your employer only to do 30% which is usually allowed even though the payday people say otherwise.

Once when you close out your account and start a new one...START SAVING. You'll have to eventually pay these companies off. And when you are ready, tell them you want to do a bank transfer only, so you can get this over with quickly. This PROVES that they got the money. Most companies will say Western Union Quick Collect only, but it can get lost in translation. Also....something I've been told is that you will only have to pay back the amount of the loan...plus there broker fees....

Good Luck...but remember, as long as you have that active account, THEY WILL...hit it every two weeks!!!!

Doing a stop payment only helps for ONE of those payments. It's an ACH (automatic clearing house) which usually stop pays can't avoid.

Definitely, close out your account and open another checking account as Mr. Big said. Another thing, let the accounts go to a collections company. At that point you can negotiate with collections company. They may buy that loan from the Pay Day company for say 20-25 cents on the dollar and if they settle for half the amount they will still make double for what they paid on it and you will getting a 50% discount on your original loan. Make sure, I cant say this enough, MAKE SURE if you settle with a collections company that you get a written agreement that the collections company wont respond to any credit report inquiries you dispute. That way it will come off your credit report.

I havent disagreed with Mr. Big(mikeyindetroit) at all because he gives very good advice, but Western Union Quick Collects arent a bad way to go to pay anything back. You do get a tracking number from the WU center that you visit so that really isnt a negative. You do have to pay $12.95 to send the money. If you do a bank transfer, then they have your bank account number which I dont think you really want them to have.

Everyone should check their state usury laws when it comes to Pay Day loans as well. 20 states have laws that put caps on what these loan sharks can charge.

can you please help i really need a loan and i am in alot of problems"""""

Nazia

This site is to consilidate debt. And by the sounds of it, I don't think a loan would help. By signing up on this site, someone will contact you about doing so. They'll work with your creditors and might even be able to lower the interest fees if any. You'll have one lump sum payment every payday that works with your budget.

Getting a loan would probably be a bad idea.

Hi Nazia

mikeyindetroit is correct in his statement. This company does not provide loans. However, you can combine all your debt into one monthly payment and pay it off with ease.

I will also not suggest you to take a loan to clear off the past debt. It will be like building extra amount of debt on the existing debt. This will put more burdens on you.

Try for a free consultation in this website and know more about your better repayment options.

Regards
Roxette