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need good payday loan consolidation company

Date: Thu, 10/15/2009 - 10:19

Submitted by anonymous
on Thu, 10/15/2009 - 10:19

Posts: 202330 Credits: [Donate]

Total Replies: 7


Does any one know an honest outfit that will consolidate multiple payday loans without killing me financially and credit wise. I have 5 and that is very stressful.
Check Into Cash Advance Payday Loan Center - $220 at 12%
Check 'n Go - $150 at 8.5% + $15 fee each renewal
Cash to Go - $300 at 14%
AAA My Cash Inc $190 at 10.75%
Advance America Cash Advance $100 at 11% + $10 fee
Either northwest Indiana, northern Illinois or southern Wisconsin will work for me. Unless someone has already dealt with a reputable company over the web or online and can point me out, I am afraid to go that way. Not after I read this
bad-credit-advisor.com/2009/08/payday-loan-consolidation-help.html
I am looking for something around 12 to 15% a year at the most. Is that possible? I tried everything, CU, banks, local NP ...
I rent, have a bit 401k and IRA, but do not want to touch them.
Thanks every one.
Jack


This is what I would recommend, request an EPP (Extended payment plan). Check n Go is a member of the CFSA (Community Financial Services Association of America), I'm not sure about your other lenders but you should call them and ask. Anyways, whatever lender you have who are members of the CFSA must agree to give you an extended payment plan if you request it. How it works is; the interest stops and you pay it off in four separate payments on each payday. Click the link below to read about it, number 11.
http://www.cfsa.com


lrhall41

Submitted by Shazzers on Thu, 10/15/2009 - 15:08

( Posts: 17344 | Credits: )


I wrote my payday lenders and told them they were illegal in the State of Tennessee and I was going to report them if they didn't do something. All of them wrote back and offered me a settlement that was much less than what I owed.


lrhall41

Submitted by on Fri, 10/16/2009 - 10:02

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Quote:

Originally Posted by Anonymous
I wrote my payday lenders and told them they were illegal in the State of Tennessee and I was going to report them if they didn't do something. All of them wrote back and offered me a settlement that was much less than what I owed.


Good! Except make sure those lenders aren't licensed ANYwhere because TN allows Internet lenders as long as they are licensed SOMEwhere in the U.S.


lrhall41

Submitted by Shazzers on Fri, 10/16/2009 - 11:57

( Posts: 17344 | Credits: )