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Are there any legitimate payday loan consolidation companies

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I need help managing payday loans, got in over my head. Are there any legitimate payday loan consolidation companies out there?

In my opinion and in the opinion of most the expert posters on this board, no.

Who did you borrow from? What state do you you live in?? Do you know if your loans are even legal loans??

Sub: #1 posted on Sun, 10/14/2012 - 16:06

Moderators Cum Industry Expert
(Posts: 17272 | Credits: )

Payday loan and consolidation is something which does not go together and if it appears in the same sentence, preferably beside each other, run away as fast as you can, hide your money and change your name. There were people on the board a few days ago who were complaining about some California scam company which ripped them off by consolidating illegal payday loans.

Sub: #2 posted on Mon, 10/15/2012 - 01:59

Steve Barris Steve Barris

(Posts: 1045 | Credits: )

Yesterday I was in the live chat looking for some answers and a person responded to me from somewhere in CA and said their law firm could help me with my payday loans - are any of these companies legit?

Sub: #3 posted on Mon, 10/15/2012 - 06:15



What state do you live in..who did you borrow from, how much did you borrow and how much have you paid. Do you know if your loans are even legal?? We can help you for free!!!!

Sub: #4 posted on Mon, 10/15/2012 - 06:29

Moderators Cum Industry Expert
(Posts: 17272 | Credits: )

I have been doing a lot of research and keep getting different answers. I have gotten myself over my head with Payday Loans and the interest/fees are killing me. I live in New Jersey and here is a list of the vendors I have loans with, the initial amount of the loan, finance fee (paid every 2 weeks), Amount I have already paid in fees, and what seems like the balance that I should have remaining that I owe. I have been told that internet loans are illegal in the state of New Jersey but then was also told that by doing an internet loan, it is just like walking into that state - so I have to follow those state laws. So please advise. I now also have 3 - 4 payday loan consolidation companies calling me everyday. I want this nightmare over with:

Shoreline Finance - 300 - 90 - 180 - 120
Mesa Finance - 300 - 90 - 180 - 120
Ameriloan - 550 - 165 - 495 - 55
Fireside Cash - 600 - 180 - 540 - 60
Sure Advance - 700 - 154 - 462 - 238
Cash Jar - 850 - 255 - 765 - 85
Cash In A Wink 1000 - 250 - 125 - 875
White Hills Cash 500 - 122 - 122 - 398

It was Oakview Law Group that responded to me in a live chat. Also according to each company - this is what I still owe them:

Shoreline Finance - 390
Mesa Finance - 390
Ameriloan - 715
Fireside Cash - 780
Sure Advance - 875
Cash Jar - 850 - 1105
Cash In A Wink 1250
White Hills Cash 621.50

Sub: #5 posted on Mon, 10/15/2012 - 07:05


Payday Loan Debt Relief is the other company that I have done some research on and have found a lot of positive things online about them and the work they do. I am just trying to get this nightmare over with - I got in over my head quickly and everytime I pay off one, two, or three of these stupid loans, I find myself having to take out another one to then help cover everyday expenses since all my money went to the loan fees or the loan itself plus the fees.

Sub: #6 posted on Mon, 10/15/2012 - 07:11


Payday loans are illegal in NJ. You are only morally responsible to pay the principal amount back only, no interest or fees. DO NOT go with a consolidation company. You can do this yourself. Follow the link in Soaplady's post. Follow every step. Take our advice. We are here to help!

Sub: #7 posted on Mon, 10/15/2012 - 07:26

bingonut bingonut

(Posts: 1433 | Credits: )

So I am now only responsible to pay the difference between what I borrowed and the interest charged - and do I get a little time to pay them back. When I send a letter or email - will they start calling me at work to get the debt collected? I am a school teacher and cant afford to have these companies calling me a work everyday trying to collect.

Sub: #8 posted on Mon, 10/15/2012 - 07:34

Hops44 Hops44

(Posts: 18 | Credits: )

It is my understanding that in New Jersey that any of these internet loan companies cannot garnish or levy wages unless they take me to Civil Court and a judge rules in their favor. So they may contact my work and say that I signed a wage levy or garnishment but that it is not enforceable unless a court of law awards them a judgement. And when I send a letter or email, I thought I read somewhere that internet payday loan companies can be fined $100 - $1000 if they make excessive phone calls to me at home or at work per day - I just have to report them.

Sub: #9 posted on Mon, 10/15/2012 - 07:45

Hops44 Hops44

(Posts: 18 | Credits: )

I have 3 other companies that I need to find out if they are legal or illegal in the state of New Jersey - Cashcall (Lakota Cash) - they are killing me - I borrowed from them two years ago and they put me on an installment plan - I borrowed $1500 - got assessed a $500 finance fee up front - so only received $1000 and have paid $166.62 once a month for 20 months now. I did notice recently that this company did show up on my credit report. Also - are plain green and great plains lending pdl's or are they legit companies?

Sub: #10 posted on Mon, 10/15/2012 - 07:51

Hops44 Hops44

(Posts: 18 | Credits: )

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