Creditors taking more then half my paycheck in interest

Harris, to avoid this painful situation, you can change your checking account for the time being. Also, you can consider a consolidation program to ease your monthly payments.

Moreover, the creditors appreciate your enrollment in the debt consolidation programs. You can convince your debt consolidators that you are willing to pay this debt and thus you are looking for some easy repayments.

Thanks for your help. I have talked to a debt consolidator and a lawyer today and both advised me to stop my direct deposit and let these go into default. I was about 10 minutes from filing bankruptcy today, but then I talked to a consolidator who told me there was no need. They advised me to let these all default and they can both take over from there..the lawyer or the consolidator.

Also the people at sonicpayday called my HR dept. today as well as called and asked why I had not called them back after they told me I had to pay by last friday or I would be sued...just another one of their tricks I suppose.

Hi Harris

The consultant will most probably be able to negotiate with your creditors keeping your interests protected and thus make your repayment process easier.

Regards
Roxette

Yes this is another one of their tricks. I have been able to work with a few of my payday loans that went into default and make payment arrangements. I was in the same position where all my money was going to interest. Good luck

Hi,

I just read this article on how the clause of "universal Default" actually raises the rates of interest of the consumers.

A lot of useful information is posted in this link.

http://www.debtconsolidationcare.com/forums/universal-default.html