Need Consolidation Program
Date: Thu, 07/15/2010 - 13:10
Most consolidation companies will not deal with payday lenders!
Most consolidation companies will not deal with payday lenders! You can do it yourself! Just list the loans you have, how much you borrowed from each, how much you have paid each one so far and, of course, who they are! Also what state are you in and are they storefront or internet? Someone will help you get through this!
Payday Loans
Well, both me and my husband owe loans in TX. He has a total of 5 pdl and I have 3pdl. I have estimated that combined we owe $3000. It has been hard to pay them since he is the only one working and I am pregnant. I was considering a consolidation program, but from what I've read they are worse.
Husbands PDL's
Cash Store (storefront): $470.00- only made 1 payment
EZMoney (storefront): $510.00- no payments made
ACE Cash Express (storefront): $540.00- no payments made
Check N' Go (storefront): $580.00-owes $360.00 after making 1 payment of $300.00
First Cash Advance (storefront): $350.00-they are settling for $44.00
My PDL's
Cash Store (storefront): $100.00-made 2 payments of $30.00 but now owe $140.00
Advance America (storefront): $280.00-no payments made
ACE Cash Express (storefront): $415.00-no payments made
Also, my husband has already received calls from people stating
Also, my husband has already received calls from people stating that they will file criminal charges for writing a hot check and issue a warrant for his arrest. He had to close his account because some of the fees he was being charged due to the returned checks.
don't worry, you'll find a solution here in the Forum just stick
don't worry, you'll find a solution here in the Forum just stick around. I have loans with these companies too in TX my oldest one is EZ loans. after a year, they were going to serve me but I made payment arrangements with them and they released the charges, of course you won't go to jail because debt is a civil matter, if they do send you to court, you will explain what happened to the judge and he will assign someone to help you with repayment plan you can afford. as long as you don't ignore them, block cehcks on purpose, and take all their calls, you will be good. don't worry I'm in your shoes right now, and thanks to this Forum I've received some hope!good luck!
Quote:of course you won't go to jail because debt is a civil mat
Quote:
of course you won't go to jail because debt is a civil matter, if they do send you to court, you will explain what happened to the judge and he will assign someone to help you with repayment plan |
Also, my husband has already received calls from people stating that they will file criminal charges for writing a hot check and issue a warrant for his arrest. He had to close his account because some of the fees he was being charged due to the returned checks. |
I believe he only closed an account for one of the pdl. One acco
I believe he only closed an account for one of the pdl. One account is still open but hasn't been charged because of all the late fees. The other was closed by the bank for a negative balance and inactivity.
Ok, well all you need to do is get statements from the bank stat
Ok, well all you need to do is get statements from the bank stating the accounts was closed due to overdraft activity. Try to contact the companies and see if they will work with you on repayment options. Speak with a store manager if possible, be honest and let them know what you can afford to repay and when, they may offer you something reasonable. Best of luck to you!!
thanks so much for the advice...i can't deal with all this stres
thanks so much for the advice...i can't deal with all this stress during my prergnancy