How to consolidate payday loans and get out of debt

I consolidated my payday loans with this company and I was referred to a consultant who did the negotiation with my creditors. Hopefully, I will be able to solve my debt related problems within the next few months.

You can also enter for a free counseling in this website and know your available options for debt repayment.

Thanks for that information. I am going to call the company as soon as I am out of work to consolidate payday loans. I mean I needed them at first and I have just been consistently paying nothing but interest. I took on a second job to be able to pay them off and it just doens't seem to be getting anywhere. If you don't mind me asking how much did you owe and what were your payments like? I would just like to get a really quick ballpark. I have too many because I thought it would solve problems a while back, but I DID learn a lesson. I use to have 8 and now I am down to 6, but it still adds up. I know once I have them under control I can save up and not worry abouthaving to need cash again. Thanks for your response.

The consultant will call you up at the phone number you entered during your registration in this website for a free counseling and give a plan to consolidate payday loans. In my plan, I opted to clear the debt as fast as possible and also I have some available cash in my hand. So I opted to pay $200.

Yes, payday loans are not less than a drug and their aftermaths are brutal.

I am in the same situation as you. I am interested to consolidate my payday loans as well. I did the same thing thinking that I could get ahead with taking out payday loans and now I am just trapped. I was paying about a 1000 a month in fees alone. I would like to get out of this whole and get ahead!!! thanks for the information.

I realized during this time that a proper negotiation is the thing that is most required to consolidate payday loans for getting rid of this problem. Thanks heaven, my consultant showed keen interest in negotiating with my creditors and I am able to feel the result of it.

Hopefully, I will be able to see the results of this hard work in my credit report very soon.

I have recently looked at my cerdit report, I monitor it monthly, and I do not have any payday loans on my credit report. Does it effect it negatively or positively at all with consolidation? None are on my report. Only my credit cards, student loan and car loan on that report, which is good. Will it stay that way?

If there is a debt that does not belong to you and stays in your credit report thus, giving negative information, then it will hurt your credit ratings.

However, if a debt has not been reported by your creditors and they are making collection efforts, then you need to negotiate with them in order to settle it off. If the creditors fail to recover the debt from the consumers, they report to the bureaus and this will affect your credit ratings.
An important tips to consolidate payday loans:
Please make sure that you do all the needful negotiations with your creditors before it is reported to the credit bureaus.

Regards
Roxette

I wanted to consolidate payday loans and even went so far to set up an appointment with a local agency. I held off and tried to apply for a mortage loan. I asked the lender would my credit be effected if I did so? They advised me it was worst then filing bankruptcy. I want a new home and I'm trying to clean my credit up, but at the same time I want to pay these loan sharks off. Especially Ellis Crosby and Associates (who are threating to lock me up tommorrow morning at 9am. after they embarass me by speaking to my supervisor). I also would like to know if this maybe grounds for a harassment suit?

I would like some help on what to do about my payday loans. I thought these loans would help me, they are my biggest mistake. Allen Lewis called and said he was from a federal agency and would go to the place of employment and spot me. When I asked him which federal agency, he became angry. Said I commited fraud. Now it is on my credit report as trying to commit credit fraud. Would payday loan consolidation help? How do you start? where do I call?

Please report them to your state attorney general if they threaten you! You did not comit fraud and they are just another collection agency.
You can start here! Talk to Roxette she can help you

Hi aundreakendle

Please do not get tensed about the calls of Ellis Crosby. Their main intention is to scare you so that you start paying them hurriedly without a second thought. The FTC has issued some guidelines in the Federal and State laws for the consumers and we should feel stronger under this legal cover.

No collection agency can harass you or threaten you with jail. Since Ellis Crosby has been involved in such atrocious acts, their business is in stake. As a result, they have become furious and are involved in all sorts of unfair activities.

Please read the following content in the FTC link given below and use your consumer rights.

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm

Waiting to hear from you.

Regards
Roxette

hi,
i think i called this company to try to consolidate my paydays loans and they said it wasn't possible, which company did you call? i've already gotten emails at work and phone calls from 2 of my payday loans and now i worry when i go to work that they will continue calling or go further. I am willing to pay, but not the whole amount. Pease let me know which company consolidates payday loans. thank you.

can you really consolidate payday loans? i got roped into this to help out and now they are making a killing off me. they all said if i filed bankrupt on them they could sue me. i want to pay my debt but need a payment plan a little lower than 1000 monthly

MLJ,

You will first need to register with the forum so someone can pm you the information. There is a couple of companies that will consolidate payday loans but we must follow the forum rules. :) :)

Hi everyone! I to am trying to work on my own to consolidate payday loans but going no where. They expect you to send $50.00 or more a month and I am trying but it is not working out. Can someone give me an idea if I consolidate would it be better and help me please. Thanks so much for eveyone here and this website. It is because of this website that I had the courage to close my checking account and to deal with these payday loans companies. Thanks so much!!! :D

Hi! I have read many negative things about this company and learned that they were in trouble. Since November I have been paying them but for the past two months they have not called me. Does anyone know if this means they can't harass their former customers anymore? Hey one can wish! lol :P

I had a payday loan with this company. I have not talked to them since last September when Louisiana experienced Hurricanes Rita and Katrina. I just found my paper work. Do you think that my account is in default? Does it usually take this long for them to contact you regarding your loan. I closed my account in September but they managed to take their fee out before. There has been no reply or phone call from them since that time. Any help would be appreciated. I am not running away from this debt, I am kinda scared because I have read many thing about Ellis and Crosby on here. Thanks for any imput. Great job everyone. :D

Probably your accounts are in default. You did not pay it in full, did you? Then this account has entered delinquent mode already. Now it is difficult to anticipate what they will do with this account? They might call you back, or they might send it to collection. If you have the financial strength to pay it off, contact them, explain your situation and work out some payment plan. Hope they will cooperate with you. Keep us posted.

I have too many payday loans and it seems I owe more and more each payday and none of my payments are going down. Is there a way out without speng $ 500.00 a payday that I don't have

wendy,

You can contact T&C like many others in the forum have. T&C is a consolidation company and is one of the few that works with payday lenders. I would advise you to give them a call. I had 13 payday loans out and ive been in consolidation with T&C for the last 2 weeks. The interest fees were way too much too handle. Thank god i found this forum and contacted T&C. Let me know if you have any questions.

How do I get in touch with t&C

I am paying out $600 a month in payday loan fees. I have doing this for over a year, because I cannot get caught up enough to pay them off. Reading through this forum has given me the courage to say enough is enough. Please help.

Register with this site so that members can PM you the information on payday loan consolidation companies.

How do I contact, I need to talk to them about pdl consolidation?

How do I contact T & C?

Please Check your PM. I have just send you the contact information.

Regards
Alex

Hi, I have the payday loan cycle and need to exit. I can't pay them down as they are currently approximately $6500 a month in charges - yes that's right. I'm not quite sure how this happened. I sent a letter asking for payment arrangements and would prefer a consolidation company to handle these arrangements. Two questions - can they garnish or any way contact my employer at this time (I have been current on the payments.) and Are there any consolidation companies which work with payday loans?

Thank you.

They might try to contact your employer once you default. However, wage garnishment is a legal process and they need to win a judgment to garnish your wage. But they might send a notice of voluntary wage assignment to your payroll department. Most of the payday lenders get a voluntary wage assignment contract signed by debtors.

Your employer can dishonor your request and you can cancel this agreement any time. Yes there are few consolidation companies that work with payday loans. Please check your PM, I have sent you the information.

I am also searching for answers on how to end the payday loan cycle. Each payday I am getting further and further in debt. I don't have anywhere to turn... :( I would like to know more about T & C and consolidation.

I'd like to get the info on consolidating my loans. My accounts have been closed, but they call all day long. I can't do this anymore. Can someone help?

I have asked several debt management companies about my payday loans but even though some are willing to take my case, they say that it may not work and the payday loan comapinies are very aggressive at collections and they will harrass me. My problem here is that my husband does not know about my loan and Idont want these companies calling my home. Can anyone really help?

It will be in the best of your interest to contact the payday loan companies and arrange a payment plan with them. Explain your situation to them and offer them a realistic plan. If you stick to it, the company won't harass you.

Do all your correspondences in writing. This way, you will be able to file everything for records. Keep a follow up over the phone.

I have alot of payday loans also. My husband and I was trying to get caught up on bills and our house payment and this just made more problems.

How can I get the info for the T&C company right away?
We need help fast. We are also in default with everyone one of the sharks. One is threatening us with jail and fines. Please HELP!!!

Corina--#1, they can't put you in jail.

Please sign up for this site, and a counselor will be in touch with you shortly. Also, search this site and you will find a LOT of information about PDL's and how to overcome the problems they bring. A lot of us are in your same situation, or have been in your situation.

The threat of jail and fines are becoming common threats among the pdl industry. That is their way of getting to you to immediately, no matter what you have to do without to pay them. There are more important things that need to be paid like you house payment, utilities, and putting food on the table. Like Jessi said, sign up on the site and a counselor will contact you.

I don't believe the PDL industry has any real idea that consumers (such as this site's members)are being enlightened as to their shady practices. I definitely see this site as offering a real public service by discussing the PDL's, their tactics and crooked methods of loaning money. The more people know the better off they will be.

Thanks everyone for the info. I have signed up on the site. So, I will wait for a counselor to call during this week. But will they be able to do my payday loans or have the info for the T&C company everyone is talking about?

Hi Corina

Talk with your counselor regarding payday loan accounts. If there is any help from his side, he will surely help you out. Let us know the result of the discussion.

HI,

I talked to the counselor who called me and they don't do payday loans. Said there is no use because they won't drop the interest and lower the payment.

I seen that some has info on a company called T&C that does payday loans.
Is there anybody that can PLEASE, give me that number to that company. We really need it. WE have to many payday loans.
I would REALLY APPRECIATE it!!

Thanks so much.

Corina, are you registered with this website? How much do you owe to the payday loan companies and which companies are there in your creditors' list? Please share more with us.

Yes, I am registered with this website.

I have about 15 payday loans totaling about $4000-$5000 with all the interest. Some are off the net like Cash Net USA, National Payday, AppleFast Cash, Cash Central, B&L Marketing, and Interim Ltd. And the others are Allied Cash, Quik Cash, Advance America, The Cash Store, and Urgent Money.

We took some out and paid them and then got it back out cause we needed it for our house and bills. As you see, we got ourselves in a pickle. First time doing this and will be the last.

Anyways, is there anyone who can share to me which companies consolidates payday loans, PLEASE!!!

Hi Corina,

You will need to sign in on the forum so I will be able to help you and send you a pm with information.

HI, I am online and signed on now. So if you can pm me the info, that would be great.
Thanks for your help.
Corina

Hi,

I would also like the names of the companies that consolidate payday loans.

I just registered and my registration info said they found Superior debt relief that will be contacting me? But I am really interested in this T&C? Did I get that right??? lol Please advise. Thanks

Hi isaacksd!

Can you tell us a little more about your situation and someone can let you know if they have a similar experience and if T&C has helped them.

It also won't hurt to talk to Superior also...2 opinions is better than none! :)

Hi! Thanks for the quick reply!! :D Well.... I have around 13.. maybe 15 payday loans! All within ONE year!! I have always considered myself to be smart.. but this has got to be the dumbest thing I have ever been wrapped up in. :oops: All but about 5 of them have gone to collections. I am paying on these 5... somewhere between 5 and 50 a month. This help? Thanks

Talk with the consultant and know your repayment options. You can also make your own move by contacting your lenders individually and make them aware about your interest in paying the debts. Explain your financial problems and request some extensions. Some lenders are pretty easier to work, some are tough. But you must give a try and know the repayment amount. This will give you options when you will take a professional help. Compare and then make your financial decision.

How do I contact T&C. I need to talk to them about pdl consolidation?

Would you mind explaining your financial problems a bit? Most of us here are dealing with payday loans and finding solutions coming out of this mess. You will be able to relate with any of us at a point and then move from that point.