logo

Debtconsolidationcare.com - the USA consumer forum

Payday Loans Nightmare

Date: Mon, 06/22/2009 - 17:37

Submitted by oletha0712
on Mon, 06/22/2009 - 17:37

Posts: 8 Credits: [Donate]

Total Replies: 12


Hi, I reside in WA state and allowed myself to fall victim to PDLs-7 to be exact and balance owed as follows:
ACE -$685;
Advance America - $685;
Dollarwise - $575;
LoanMart - $575;
Checkmate - $795;
Advance Cash - $795; and
Moneytree - $795.

Employed but currently 8-months default on mortgage and currently seeking loan mod assist; also in default with creditors. Sought help with PDLs but made matters worse as they were used to pay each off then would reloan to fiance daily/monthly living expense. PDLs due this payday but so is mortgage -- Can payoff PDLs within 8 months but need to so at 10% per pay period per loan. COULD SOMETHING LIKE THIS BE POSSIBLE?-


yeah...thats tough. Can you afford to pay some of them or you can't afford to pay anything? If they are a member of CFSA then you can request an extened payment plan before you default but the problem is that will give you 4 equal bi-weekly payments-could you afford that? Can you afford to maybe pay them down slowly a little each week?

They are not really going to easily go fo an 8 month payment plan I don't think.

The best thing I could suggest is searching by each name in the box on the top right and see what others experiences have been with each company. Some might be more willing to work with you than others.

Paying your mortgage definitely comes first though.


lrhall41

Submitted by resqume1 on Mon, 06/22/2009 - 20:38

( Posts: 324 | Credits: )


I would claim bankruptcy. I know someone that had five payday loans and he claimed bankruptcy, which was $700. He is a much happier person.I know it ruins your credit, but you probably already have bad credit thats why you had to turn to pay day loans. I have fallen victim also. Currently, I have one payday loan and two installment loans. World finance helped me get rid of 2 payday loans. Their wonderful!


lrhall41

Submitted by cindi1245774214 on Tue, 06/23/2009 - 09:52

( Posts: 2 | Credits: )


I too have several pdl's, all via the internet. My pay day is coming next week and with these loans all due on my payday, I will be way overdrawn and not have any money to pay household bills. How can I remedy this before next week? Can I request a delay in payment? Do you have names of pdl consolidation companies?


lrhall41

Submitted by CathySue99 on Tue, 06/23/2009 - 12:24

( Posts: | Credits: )


With 7 PDLs, all willing to work with me in paying off loans outside of agreed contract -- all except CHECKMATE! Rude and inconsiderate of courtesy contact and monthly payment offer of $132.50 to satisfy $700 + $95 fee loan! Accts Service rep or mgr even went as far as threatening lawsuit and accusing me of committing fraud.

Nonetheless - I expected this type of poor service from CHECKMATE from reading other forum articles. I informed acct service rep that payments would be made in hopes of his company's acceptance and w/o being returned.

Never deal with them again!


lrhall41

Submitted by oletha0712 on Tue, 06/23/2009 - 18:08

( Posts: 8 | Credits: )