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Is there a way to consolidate PDLs

Submitted by MPEREZ56 on Wed, 08/01/2007 - 08:18
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With the way the support from the AG's office is going I'm really starting to panic here. What if the remaining 10 come after me full guns? Does anyone know of anywhere you can get a PDL consolidation loan?


I would not recommend borrowing more money to pay these people off. It will only make things worse.

There are companies that do consolidate pdl debt. T&C is one of them. You may also want to look into Langhorn Law. It's a pdl settlement company. It's run by a lawyer that used to work for the pdl's, so he knows how to make them cave.


Submitted by goudah2424 on Wed, 08/01/2007 - 08:22

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I would be careful with PDL consolidation. I was about to sign up for one, but they came back with a $2000 a month payment (including a $50 monthly service fee)! I'm sorry but if I had an extra 2-grand hanging around each month, I wouldn'T be in this position in the first place. They would not budge on this payment amount. I have also heard some stories about these PDLs not "recognizing or acknowledging" the payments received by these consolidation places. I PERSONALLY think it is do-able and more economical to do it on your own. It takes work and most of these collectors are nasty. However, I have found if you call them up and say, "Listen I have XX in hand right now to apply to my balance - are you going to accept it? I hvae found, so far, that they will. They will say that it isn'T enough and isn'T in the agreement they came up with, but they will take it. Especially in my case where I have 7. So, when they get all huffy about the payment, I simply say... "Hey listen, I have 7 of tehse PDLs, and I will go to someone else who will take this money... and guess what - then they take it! Now, they all haven'T been mean. One said, as long as you stay in contact with us and are willing to make payments - we'll take them.


Submitted by volleykmf1129 on Wed, 08/01/2007 - 08:39

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You can look into T&C or Langehorne, but be sure to see what their fees are and exactly how they operate. I would hate to see you paying money to someone to pay these ILLEGAL pdl's off. That's just another debt you will have - monthly. So the illegal pdl's would be paid (but they're illegal) and you'd have to pay the consolidation company. It doesn't hurt to look into it. But just weigh out all the options. Please hang in there. We can help you, mperez.


Submitted by cannr on Wed, 08/01/2007 - 08:50

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Mperez- I may have missed part of your story, but are these pdls legal in your state? I would keep checking with your AGs office, many people have gotten some relief from them looking into this, I know it does take some time. If these are legal ones, try to make an arrangement with them. Like someone said, pay what you can until you can get them caught up-if they are legal. Like Goudah, borrowing money will only keep you trapped, try to work something out with the AGs office. On the site where it tells you if they are legal, it also gives info on who else to complain to. Hang in there, and know we are here to help...Karen :D


Submitted by Bossy4455 on Wed, 08/01/2007 - 21:39

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Volley-a $2000 a month payment? What in the world? That is insane, who could afford that?

Mperez, I think you can do this yourself but if you really wanted to consolidate or get into a debt settlement plan, and this is ONLY my opinion and nothing more, I would use Langhorne debt solutions. Like goudah said, the owner used to work for pdl's and he knows how to deal with them, he has all their contact info, and he can and will put them in their place. I have not dealt with this company, this is just information I know from this forum and ONLY my opinion.


Submitted by Sassnlucy on Thu, 08/02/2007 - 07:13

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I have had a better day and after getting great advice from others here I finally am going to get some help. I am mailing my complaints to the Internet division of the NY AG's office in the morning and I'm filing with the NY BBB this evening. Out of the 10 loans I have left to deal with I know that 1899800CASH is licensed, 6 are MTE (or their DBA's), 1 is Cash2DAY4U (so I'm not worrying about them) and the other two I need to research yet: my cash now and Discount Advances of Credit Protection Depot. So I'm going to hang in there for now. At least with the AG and BBB behind me I'm sure they can help with the ones that are licensed and definetly help with the ones that aren't.


Submitted by MPEREZ56 on Thu, 08/02/2007 - 17:27

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Well, mperez, you know that 7 of them are NOT licensed anywhere! So that helps take off some of the pressure. So actually that only leaves 3 that you may need to work on. Sounds pretty darn good when it's put that way, doesn't it? You know, it's kind of a relief when you find out they're not licensed because then you know they're illegal and the agencies will work with you. But at the same time, it just makes me mad knowing they're not licensed and conducting business illegally and then threatening people on top of it! But, anyway, I'm all on your side, my friend. Just think of it as 3 to "maybe" work on. Shoot, they might not be licensed anywhere either! If you need anything, just let me know.


Submitted by cannr on Thu, 08/02/2007 - 19:01

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Yeah, Sass. They said that they HAVE to be paid off in 6 months. When asked why they stated that these PDLs will not agree to it otherwise. It wasn't T&C. I don't remember the name of the company - but they were on BBB and had a positive rating. They were nonprofit and said that the $50 charge would go to the processing of my PDLs.


Submitted by volleykmf1129 on Fri, 08/03/2007 - 04:45

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