Share post
Share
Debt Consolidation Forums Debt Problems forums

Consolidating Payday Loans into Debt Management Plan

Date: Wed, 05/02/2012 05:09
member profile picture

I was just curious is this is an option. I am currently in a debt management plan and have some payday loans. I had read somewhere else on this forum that you could do that. Just curious....




I don't recommend it.

Legal lenders won't usually agree to the DMP and illegal ones don't care.

Are your lenders even legal? What state are you in? Who are the lenders? How much did you borrow from each? How much have you paid to each so far? Are they internet or storefront lenders?

Sub: #1 posted on Wed, 05/02/2012 - 05:25

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

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


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 0.833 seconds.