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Hello, so when I was faced with an emergency situation

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Hello, so when I was faced with an emergency situation last June, I was forced to take out a PDL. This loan, embarrassingly, turned into 7. I feel like there is no end to this and am now sacrificing my entire paycheck to pay just the interest on these. Is there anything I can do?

Yes, first of all, stop worrying. You are saying that you have 7 pdls now. Are all of these legal? If not, then for illegal loans, you just have to pay the principal amount.
Now, in case of legal loans, you can take professional help to come out of the debt trap. You can talk to a settlement company to help you solve your debt problems. Your credit score will suffer a bit but once are free of debt, you can manage your finances in a way to increase your score.
Act fast! You've already paid quite a lot for 1 year on your pdls. Find a solution asap! Save your hard-earned money.

Sub: #1 posted on Tue, 08/20/2019 - 00:33

Mabelle Page Mabelle Page

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Give us the names of the payday loan companies. We can dig in and tell you if you have legal payday loan companies or illegal payday loan companies. What state are you in by the way? Give us the name of the state. Another point, in case of a CFSO member, you can try for a Extended Payment Plan. Stay away from payday loans in future.

Sub: #2 posted on Wed, 08/21/2019 - 00:33

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

I was in the same situation about 2 years ago. You can pull yourself out of it. List the name of your payday lenders. This forum helped me a great deal. Also list your state.

Sub: #3 posted on Wed, 08/21/2019 - 01:32


Approach a genuine consolidation company to consolidate your multiple pdls. You can make single monthly payments and that too with reduced APRs and possible without any extra charge.

Sub: #4 posted on Thu, 08/22/2019 - 23:10

Craigh.terry Craigh.terry

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What is the name of the lender? Are they legal? If not legal, then just pay the principal amount.

Sub: #5 posted on Fri, 08/23/2019 - 00:54

Sanders Patricia Sanders Patricia

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