Share post
Share
Debt Consolidation Forums Debt Problems forums

Non-Profit Debt Management Plan for Payday Loans

Date: Wed, 05/02/2012 05:12
member profile picture

Hi -

I am in the process of working with a non-profit -- Greenpath Solutions -- to put together a debt management plan for my outstanding payday loans. The plan is very reasonable payments over 5 years managed by greenpath for a modest admin fee. Greenpath will also interact with your creditors on you behalf and you can choose to pay off debt earlier or cancel with them at anytime. Has anyone here used a debt management plan for paying back payday loans?

Carol




I don't recommend it. You can do this yourself very easily. Are you payday lenders even legal? If they're not, this plan won't help you in the least.

What state do you live in? Who are your lenders? Are these online or storefront loans? How much did you borrow from each? How much have you paid to each so far?

Sub: #1 posted on Wed, 05/02/2012 - 05:21

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5253 | Credits: )

why pay a place to do what you can do yourself.if the lender is legal.they will work with you,and alot if not all offer an EPP.if they are illegal they won't work with anyone.provide the info ohiogal requested and we can help you for free.

Sub: #2 posted on Wed, 05/02/2012 - 06:00

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15514 | Credits: )


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 1.034 seconds.