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I keep getting calls from a Payment Direct company. Is this a legitimate company or a scam.? they are offering to consolidate loans i have into one payment without an interest rate! Please help.




If it sounds to good to be true, it probably is. Do a google search.

Sub: #1 posted on Tue, 08/28/2012 - 13:00

SOAPLADY SOAPLADY
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I searched on internet but couldn???t find any information about this company.

Sub: #2 posted on Wed, 08/29/2012 - 00:15

Unregistered


It may or may not be a scam. They might be a debt management company.

Sub: #3 posted on Wed, 08/29/2012 - 05:04

waffles waffles
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Quote:
It may or may not be a scam. They might be a debt management company.


Can you find any information about them?? I can't. And they making promises of zero interest BEFORE seeing what type of debt is owed. Screams scam.

Sub: #4 posted on Wed, 08/29/2012 - 05:07

SOAPLADY SOAPLADY
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I can't find any info on them either, but the reason I'm thinking it's one of those shady payday loan debt management companies is their offer. The way those guys operate is they have you forgo paying your payday loans and they handle it for you with one monthy payment to their debt management company. So technically, there's no interest - they make their money because they are of the same mold as the payday lenders and can get the companies to settle for the principal/slightly below it. They operate by waiting until, say, a 300 dollar PDL is owed 1200 for late/NSF fees and then they make their client think they are amazing for getting the lender to settle for 300 dollars, the settlement company makes 900 bucks off it. So technically there's no interest and there is one monthly payment. It's not necessarily a scam, it's just a horrible way to deal with your payday loans.

Sub: #5 posted on Wed, 08/29/2012 - 05:10

waffles waffles
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Even if they are a payday loan consolidation company, I would not put my trust and money into them. Before finding this site, I had a payday loan consolidation company, who I thought at the time, was helping me. It turned out to be more expensive for me. They did very little to help. Even these types of consolidation companies need to be licensed. Again, do not go this route.

Sub: #6 posted on Wed, 08/29/2012 - 17:07

bingonut bingonut

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Payment Direct (AKA Telmerica, LLC and/or Worldwide Cash Now) is just another PDL company. Don't fall for this.

http://www.debtconsolidationcare.com/paydayloan/paymentdi rectonline-minnesota-1.html

Sub: #7 posted on Thu, 08/30/2012 - 07:38

OhioGal1 OhioGal1
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