logo

Debtconsolidationcare.com - the USA consumer forum

Pay day loan consolidation

Date: Fri, 03/25/2011 - 14:23

Submitted by anonymous
on Fri, 03/25/2011 - 14:23

Posts: 202330 Credits: [Donate]

Total Replies: 1


Hi,
I owe about $6000 (includes principal and fees) on 12 loans. I am current but I am getting to the point that I cannot pay it. I am doing it some how but really need to do something.How does thiis work? How do we stop them from going into my bank account? They are not calling my work now but will this causde them to call me?


You haven't mentioned the names of your payday loan companies. As a result it is difficult to know whether or not they are legal. If the payday lenders are illegal or not licensed, then you'll be liable for paying only the principal balance. If they are legal, then you will be liable for paying the principal and fees. In such a situation, you or your debt relief company will have to contact the payday loan companies and negotiate for a consolidation so that your multiple bills are consolidated into one single monthly payment. To know all about payday loan consolidation, check out the given page:
http://www.debtconsolidationcare.com/paydayloan-consolidation.html


lrhall41

Submitted by Anna Sweeting on Fri, 03/25/2011 - 20:42

( Posts: 1827 | Credits: )