How Can I Handle Payday Loan Companies Myself?
Date: Mon, 06/27/2011 - 17:09
Hello I am new here but have faith that this community can help me. I live in Michigan and currently have 4 internet payday loans with the following:
Magnum Cash Advance
Bayside Loans
Integrity Payday Loans
500Fast Cash
I am at the point now where the rollover and interest fees are too much and I won't be able to pay my other bills. I have read about payday loan assistance companies such as Solid Ground Financial, Destination Debt Solutions and Relief LLC who all seem like they can help me negotiate my payday loans down and get me into one monthly affordable payment. But these companies charge a hefty fee and I am wondering if I can do this on my own.
I have taken the first step - I have closed my bank account. So, that means come next payday, which is just 3 days away, these companies will not be able to withdraw their money and they are going to be mad! If I can do this on my own, what do I need to do??? Any advice would be appreciated!
Magnum Cash Advance
Bayside Loans
Integrity Payday Loans
500Fast Cash
I am at the point now where the rollover and interest fees are too much and I won't be able to pay my other bills. I have read about payday loan assistance companies such as Solid Ground Financial, Destination Debt Solutions and Relief LLC who all seem like they can help me negotiate my payday loans down and get me into one monthly affordable payment. But these companies charge a hefty fee and I am wondering if I can do this on my own.
I have taken the first step - I have closed my bank account. So, that means come next payday, which is just 3 days away, these companies will not be able to withdraw their money and they are going to be mad! If I can do this on my own, what do I need to do??? Any advice would be appreciated!
Payday lending is legal in Michigan. You can contact with the Mi
Payday lending is legal in Michigan. You can contact with the Michigan Office of Financial and Insurance Services to know whether or not internet payday loan is legal in your state. If it is legal, then you will have to pay the principal amount including interests and other fees. Otherwise, you will have to pay only the principal amount. You can contact with the original lenders and negotiate with them. You may arrange a better repayment plan with them to payoff the debt.
