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pay day loans and debt consolidation

Date: Thu, 11/05/2009 - 18:56

Submitted by cindy stooksbury
on Thu, 11/05/2009 - 18:56

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Total Replies: 4


can you include payday loans that are deducted from your checking account every pay period with the debt consolidation?


Before you include the PDLs in your consolidaton, may want to see if they (PDL) are legal. In Ohio all out of state internet PDLs are illegal. So first I would check with your states AG regarding PDLs and then consult with the company doing your consolidation. The reason I told you to check the legality of the PDL, you may be liable for the principal only, not the fees.


lrhall41

Submitted by wchambe641 on Thu, 11/05/2009 - 19:57

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Quote:

Originally Posted by cindy stooksbury
can you include payday loans that are deducted from your checking account every pay period with the debt consolidation?



Yes, you may, though it'd depend on the specialization of the consolidation firm. But payday loans are not legal in every state and also not all the lenders are licensed to operate in all of them.

Which state are you from? And, who are the lenders?


lrhall41

Submitted by SC on Thu, 11/05/2009 - 20:05

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OK people i need help. I am in bankruptcy right now and i just got 3 pay day loans
1 for 400 with Pay Day One the 2ND 1 is with USA Cash Net was 200 but got it down to 70 and some change now and i have another one 200 with Speedy Cash. I only work part time and i want to pay them but my car need to be fix so i am going to have to close my account and fix my car. I live in Dallas TX what can i do i dont want to go to jail because i cant pay them and i dont want to call me Attorney is i am in Bankruptcy's with..


lrhall41

Submitted by on Thu, 11/05/2009 - 22:15

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