Payday loan assistance - can someone guide me in the right direction?

Yes, Mrs. Turner is correct. PDL assistance is a scam. I should have known with the shoddy background that I heard when I was talking with one of their scam artists.

I'm sorry to hear about your situation but appreciate you sharing your experience as I, too, am in payday loan hell and had an initial consultation with PDL Assistance.

Based upon the numbers they gave me over the phone, it appears that they would be charging significant fees as the total amount that I would pay to them over an 8 month period came out to what I owe the various payday lenders but PDL claimed they would be saving me 50-70% off the initial loan amount. Their representatives were very pushy too and kept calling me at work to try to get me to give them a post-dated check to commence working for me. Sure glad I didn't.

Best of luck to you Vanisha!

i am having the same problem. what can we do about it.

I'm so sorry about your experience with them. I for one have had a truly wonderful experience with them. My husband and I found ourselves in 3200.00 in payday loan debt. We started the program and all the calls stopped and we are 6 months away from being payday loan free. I will admit it was awful having to deal with all of the companies before we got started with PDL but things are much better now.. When you research these companies, you need to find what fits you best. It's not a ONE SIZE fits all.. Good luck

I am scheduled to have 2 more of my accounts paid this Fri. thru PDL Assistance. This will make a total of 4 out of 10 pdl's paid off. In addition, the remaining 6 have been negotiated and are scheduled to be paid June 30, the end of this month.

For me, PDL Assistance has been a lifesaver. I am sorry it hasn't worked out for some and don't understand why it hasn't, if you follow the steps. NOTE: The original lender CAN still call you (I still get calls from Ameriloan, even though this account has been negotiated and is scheduled to be paid this month) but collection agencies have NOT been calling me once I sent the cease & desist letter, per PDL Assistance's instructions.

It has taken a year, but in the meantime I have NOT been getting the harassing calls I would have gotten otherwise. It is true you can do this yourself and it probably would have taken about the same length of time. You could save $$ on fees - UNLESS you don't negotiate as low a settlement as PDL Assistance would. And unless you have nerves of steel, you'd probably end up settling for a higher amount to pay off your loan to stop the calls. And some of the illegal internet payday loan co.'s would still profit because they'd still get paid over and above the principal amount of the loan.

I also found it unnerving not knowing what scare tactics are real and what are bogus, or just bluffing, when I got initial calls from collection agencies.

I just wanted to say thanks. I originally had 10 illegal PDL's and now i am down to 5. I live in NY and the loans are from the following:
Midland financial orig 300 have paid 390 they are sending me to collections
sandpoint capital orignal 300 paid 390
CMG LLC original 300 paid 180 owe 120
Lazer Lending orig 300 paid 180 owe 120
Tremont financial orig 300 paid 0
Impact Cash orig 300 paid 525
bestcash advance orig 500 paid 0 but have had two loans prior and overpaid but 1500

Everyone please! Yoy can do this yourself! First you have to close your account and get a live paycheck! Then send a letter to all your PDL companies revoking any wage assignments you have agreed to and get a copy to your HR person! Once you have control you can deal on your own terms! Read this article, it will help. http://tinyurl.com/pdltrap

I agree frogpatch, you can definately DIY. Why pay fees to a company for something you can do for free. Also a consolidation company does not offer you peace of mind. The PDL companies will still call you :?

Unfortunately, I had payday loans. Called PDL and was told that they worked with US Fast Cash and others. Signed up with them. Here how it is so far - since last year. Paid 3 of the loans myself because they would not negotiate with PDL. Keep getting calls from two other loan companies, informed PDL of this monthly, was told not to worry they are working on it. Received a call yesterday from PDL (finally) and was told they wanted to give me an update, which I requested a couple of weeks ago. FastCash and 500Cash will not work with them. These are two that I have been calling them about and was told by PDL not to worry. Now yesterday they came back and told me that the two companies refuse to work with them (this is after 7 months), so I need to set up payment options myself. They did settle 1 loan for me, but at full price, no discount, it pulled all the $$ out of my account.

PDL did nothing for me and I am canceling my contact with them.

My suggestion is to work with the payday vendors to set up payments. This all would have been taken care of 6 months ago if I did that and I would have save my initial cost with PDS and my credit.

Wow - i should've looked into this before yesterday. I just signed on with PDL and my loans are due today. I was told yesterday not to pay any of them and to go to my banker and see about putting stop pmts on the ach debits that they're going to try and hit on my account. Now i'm really scared about all this. My credit rating is poor to say the least and this sounds like it will completely ruin it so I'm confused now. Do i continue with this and at the end of 8 months try and start over? Or do I try and negotiate settlements myself?

I just cancelled my agreement with PDL Assistance. By the time I can pay them almost a thousand dollars, I could have paid off my loans myself in payments.

I gave PDL my initial money for their welcome kit. I have 5 payday loans. Yes I am learning never ever to fall in this trap again. I have a strict budget made out, in which i will never deviate from. Anyway here is my question. I did sign agreements with PDL. Is there any legal recourse for withdrawing my agreement with them? I am kind of up in the air about them right now, after what I have read. I think that I can take care of this debt, by contacting these companies myself and work out a payment arrangement with them. I have been contacted by two companies already, that say they do not do business with PDL. They both say that they would work out a livable arrangement with me. Any suggestions?

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I'm not going to lie. The very beginning of the program with PDL was slow and nerve racking but once I got a couple months into it, the calls stopped. I JUST finished my 8 month program with them and all 9 of my accounts are settled and done.

If I were dumb enough to get in the hole with payday loans again, I'd surely go with pdl again.

Kinda neat when a satisfied customer of debt settlement company feels compelled to come to a self-help site and revive a thread from five months ago to praise the company.

^^ that is true.. i am sure this program works for some people but i still personally think that this is truly doable by yourself.

Well why would someone come bac to a post? I guess maybe they are really employees of the PDL? I just signed up with them and they assured me they worked with all the lenders I mentioned and that in their experience the lenders would stop calling me and the fees were high, but from shopping around for this type of assistance they were much cheaper than a lot of them. I had one want 600 up front, + monthly payment that was 3 months longer PDL and twice as much , plus they would charge 10% of any money they saved me but honestly they dont' save you anything you can't negotiate yourself. I am just doing it so I can make one payment and not have to stress out dealing with 6 lenders harrassing me. I did look at the D rating on BBB but saw all BBB complaints were resolved.