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New and Payday Loan Consolidatin Questions...

Date: Tue, 03/28/2006 - 11:20

Submitted by jahouse4
on Tue, 03/28/2006 - 11:20

Posts: 8 Credits: [Donate]

Total Replies: 9


Okay I just spoke with a local debt consolidation firm and they are working with me and my payday loans. We presently have 13 yep 13 of them and it just kept snow balling on us and we had no where to turn. We are paying $2000+ in finance fees each month and even though we make great money you can see where we are getting no where.

My questions really are, what can I expect from this process will these people harrass me and my boss or can this be done peacefully? We are stopping pay on all the items per our banks advice and once we have the direct deposits and debits for our normal items we are migrating them to a new account. I know it takes a few weeks for all the consolidation paperwork to go through too so I'm just wondering how painful this process is going to be. Any advice would be greatly appreciated.

Oh and we are renting to own our house and were hoping to close in June but it doesn't look like we'll be able to do that. We are still holding out hope the mortgage company won't hold all this against us but we are realistic too.


Thanks for the reply. I'm going through Auriton which is non-profit supposedly. Is this a bad one by chance? I went to like 5 different places before I found one in Minnesota that would even touch these payday loans.


lrhall41

Submitted by jahouse4 on Tue, 03/28/2006 - 11:43

( Posts: 8 | Credits: )


I'm getting the feeling that this T&C company is a scam, there are way too many people on here posting about it...is it too good to be true?


lrhall41

Submitted by Seeing_the_Light on Tue, 03/28/2006 - 15:52

( Posts: 529 | Credits: )


Hi. Glad to know you are trying to find a solution to your pay day loans. I am currently in process with T&C. I put stop payments on six payday loan companies and four still were able to debit my account. My bank suggested I close my account because the pay day loan companies change their ID numbers constantly or the amounts. Hope this helps......


lrhall41

Submitted by on Thu, 03/30/2006 - 08:43

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T&C has been great so far. Ive been working with them for over 2 weeks now. I have 13 payday loans out and only a few called me and only 1 threatened wage garnishment to me. I told them about the calls and havent received a call from the same people yet. Hoping this continues =)


lrhall41

Submitted by fka on Thu, 03/30/2006 - 09:56

( Posts: 229 | Credits: )


Yes T&C is great! I haven't received any calls from my pdls and I have 13 with T&C. I have a personal loan with a finance company threatening to take me to collections and I had T&C call them - they accepted T&C proposal which T&C is paying them what I was paying them but got 2 months behind because of the pdl withdrawals. Anyway T&C walked the payment to the local office (finance company)in Birmingham and it was credited to my account the same day.


lrhall41

Submitted by oh2benc2 on Thu, 03/30/2006 - 11:59

( Posts: 284 | Credits: )