Has Anyone Ever Used Payday Freedom? Need Advice
Date: Tue, 10/23/2012 - 11:46
Has anyone ever used Payday Freedom? I have been on the Payday Freedom "program" since July 2011. Yes, I know that I could've done what they're doing myself. But, at the time, I wasn't as informed as I am now and was just freaking out. Now, I'm thinking that I've really and truly made a mistake. When I began the program I had 6 payday loans.
Here's the breakdown:
Four Seasons $1,122.18 pd on a $ 1,000 loan
Camosun $ 607.50 pd on a $ 700 loan
Fleet Marketing $300.00 pd on a $ 400 loan
ThinkCash/Plain Green $ 683.82 pd on a $ 1,600 loan
Western Sky $ -0- pd on a $ 1,000 loan
Cash Jar $ -0- pd on a $ 900 loan
I started out paying $200 up front to "set up my file". Thought that was crazy, but whatever. If it helps get me off this roller-coaster, so be it. Then I was told that I would pay $290.34 every 2 weeks for 12 months and I would be free of my payday loans. Well the $290.34 was a LOT LESS than I was paying in interest on those bad boys so I was ecstatic. Bad news in October of 2011...got laid off. But, did find another job fairly quickly; however, not making the same amount of money I was previously making. They were nice enough to adjust the amount I was paying and move me to a monthly payment plan.
They would send me the "payment agreements" that had been worked out with each of the lenders once they had been reached and I even got a breakdown of the payment schedule. Here's where I'm having a little heartburn. They don't have one with Four Seasons, which at this point I don't feel I owe them another dime.
The following are the payment agreements they worked out with the other lenders:
Camosun: $540
Fleet Marketing: $300
Thinkcash/Plain Green: $1375
Western Sky: $1800
Cash Jar: $499.94
All told I've paid Payday Freedom $5,478.77. I've had to skip some payments so I'm still on the "program". I went back to the every 2 weeks payments plan the beginning of August because I'm just so ready to be done with this. They're now telling me that I have 4 more payments. If you add up the total of the payment agreements, it's $4,514.94. I've figured up the "admin" fee that they charge and it comes to $58.09 per payment (on the every 2 week arrangement) if you complete the program in 12 months. They've also told me that there are 2 payments remaining to be paid to Camosun ($60 each), $1,000 left to be paid to Western Sky / Cash Call, and $700 left to be paid to Four Seasons (which they don't have a payment agreement for). I'm like WHAAATTTT?????
I'm pretty sure I know the answer to this question as far as whether I should remain on the "program"...but I was wondering if anyone else out there had been on their "program" and had any success with it.
Here's the breakdown:
Four Seasons $1,122.18 pd on a $ 1,000 loan
Camosun $ 607.50 pd on a $ 700 loan
Fleet Marketing $300.00 pd on a $ 400 loan
ThinkCash/Plain Green $ 683.82 pd on a $ 1,600 loan
Western Sky $ -0- pd on a $ 1,000 loan
Cash Jar $ -0- pd on a $ 900 loan
I started out paying $200 up front to "set up my file". Thought that was crazy, but whatever. If it helps get me off this roller-coaster, so be it. Then I was told that I would pay $290.34 every 2 weeks for 12 months and I would be free of my payday loans. Well the $290.34 was a LOT LESS than I was paying in interest on those bad boys so I was ecstatic. Bad news in October of 2011...got laid off. But, did find another job fairly quickly; however, not making the same amount of money I was previously making. They were nice enough to adjust the amount I was paying and move me to a monthly payment plan.
They would send me the "payment agreements" that had been worked out with each of the lenders once they had been reached and I even got a breakdown of the payment schedule. Here's where I'm having a little heartburn. They don't have one with Four Seasons, which at this point I don't feel I owe them another dime.
The following are the payment agreements they worked out with the other lenders:
Camosun: $540
Fleet Marketing: $300
Thinkcash/Plain Green: $1375
Western Sky: $1800
Cash Jar: $499.94
All told I've paid Payday Freedom $5,478.77. I've had to skip some payments so I'm still on the "program". I went back to the every 2 weeks payments plan the beginning of August because I'm just so ready to be done with this. They're now telling me that I have 4 more payments. If you add up the total of the payment agreements, it's $4,514.94. I've figured up the "admin" fee that they charge and it comes to $58.09 per payment (on the every 2 week arrangement) if you complete the program in 12 months. They've also told me that there are 2 payments remaining to be paid to Camosun ($60 each), $1,000 left to be paid to Western Sky / Cash Call, and $700 left to be paid to Four Seasons (which they don't have a payment agreement for). I'm like WHAAATTTT?????
I'm pretty sure I know the answer to this question as far as whether I should remain on the "program"...but I was wondering if anyone else out there had been on their "program" and had any success with it.
They are a scam. Do not consolidate PDLs. EVERY SINGLE ONE of
They are a scam. Do not consolidate PDLs.
EVERY SINGLE ONE of your loans is ILLEGAL. You are being double screwed and they are STEALING YOUR MONEY.
