Payday loan help in Idaho
So the loan from Money Tree was for $1500.00. The one from The C
So the loan from Money Tree was for $1500.00. The one from The Cash Store was $700 or $800.
Would love some advice! Thanks
The problem here is that all of your loans are with legal lender
The problem here is that all of your loans are with legal lenders. So, you are going to have to pay them.
My best advice is to contact the corporate offices for each of these lenders, explain your financial hardship and see if you can work out an extended payment plan for the payday loan and an alternate payment plan for the installment loan.
Would a debt consolidation company be able to help with these? t
Would a debt consolidation company be able to help with these? thanks
Possibly but, why would you want to pay even more money to someo
Possibly but, why would you want to pay even more money to someone else? Call them up and see if you can get your payments lowered.
If they can't do anything for you, you will have to default and then work out a payment arrangement with their (or an outside) collection agency.
I think as of right now, I will have to go with option two and d
I think as of right now, I will have to go with option two and default on them and them make payment arrangements. The payday loan is due on Friday and I don't have the money to pay it this time. :(
Thanks for the advice
In that case, you should send each of your lenders an ACH revoca
In that case, you should send each of your lenders an ACH revocation and also let them know you're revoking any wage assignment you may have signed. Tell them you're doing this specifically to force the account to collections.
You will then need to give your bank a copy of the ACH revocations and ask them to close the account and open a new one where the old account number is in no way linked to the new one. This is for your protection as PDLs are infamous for putting debits through your account even after revocation. If they can't close the account right away, ask them to put the account into a deposit only status so that nothing can be withdrawn from the account unless it's an in-person transaction.