Pdl consolidation

In my opinion, it will be better if you can supply some more information about your loan details like:
What state are you in?
What companies did you borrow from?
How much was borrowed and how much was paid back?

You might just be able to take care of the PDL's yourself; however, as markstacey2 says, for people here to help you, we need the information requested.

Not-So-Sure: I have many loans (more than 10) and I am working with two consolidation companies. The weight off my shoulders was lifted once I started dealing with each company. They have connections to the lenders that we as the client just dont have. The consolidator will negotiate your loan down too, sometimes 50% off the principal you borrowed. The phone calls from the lenders and collection agencies are what I find to be the most bothersome. The bottom line is, noone should be harassing you - and you shouldnt allow any calls at work. I have had a few encounters with the calls at work, and it can be stressful. I hope this info helps you out. I am working with Langhorne Debt Solutions, and Your Payday Loan Help. Both companies have different techniques, but are with you every step of the way.

Except, a consolidation company will tell you what you want to hear to obtain your business. Keep in mind that if some of your lenders are not licensed to lend in your state negotiating with them and paying them off thru a consolidation company may only be temporary. Your best bet would be to find out which of your lenders are licensed to lend and which are not BEFORE you commit to a consolidation company. If you have several unlicensed lenders they may state they will negotiate with the consolidation company to obtain money, but in the long run, even after you THINK they are paid off they WILL come back to haunt you. If they are unlicensed they did NOT follow the law to begin with so they are not going to follow the law just because you hired a debt consildation company to deal with them. It could be a year from now when all of a sudden BOOM, they state you still owe them money and begin debiting your account again out of the blue, or they start calling and harassing you stating you still owe them money. They are nothing more than criminals and are NOT to be trusted.

Please listen to what Shazzers says! Others have posted here for help and have had more than 10 loans. If you list the PDLs, etc., as requested in the other posts, at least people here can get a good idea if you can take care of the PDL's on your own.

My pdls are as follows:
mycashnow.com = 630
mypaydayloan.com= 500
unitedcashloans= 450
cashnetusa= 225
salaryfast.com= 200
fbdl loans=500
tremont financial= 250
bigsky= 400
oneclick cash=400
signmyloan.net= 325
eastsidelenders= 260

I need to find away to cut these bi monthly payments down before Tuesday if possible.
Any suggestions on how to do this would be greatley appreciated.
Thanks in advance

Hi Southlacop,

It would be great if you can mention the name of your state in the next post. We can then look up at their licensing status for you.

To stop them from debiting your account you may need to send ACH revocation letter to each of the lenders.

I live in louisiana.

You can check the Louisiana Office of Financial Institutions website for a list of licensed lenders.

Quote:

Your only licensed lender is CashNet USA and they aren't operating as a payday lender so they wouldn't have to follow the payday loan laws. This is the only one who is licensed to lend in your state, therefore, I would take care of your legal lender first and foremost. The link that follows is the licenseee data base for your state. http://www.ofi.state.la.us/ CLICK HERE to find out how to deal with illegal lenders.