pay day loan consolidation
Date: Fri, 09/03/2010 - 21:14
I also have 4 payday loans and desperately need advice. I have 3 that are store fronts and 1 internet. When my exhusband got behind with support I had to take a loan to pay the utilities and then another for the car and now it's out of hand. I had one to Allied Loans and ended up putting a stop payment which I was told about by their employee. I've made a couple of payments but have not made a payment in over a month. Today I recieved a call from a man saying he was with a company that was contracted by Allied to give them advice on how to handle the situation. And that I could either come up with 167.00 by 5 oclock or they would be forced to prosecute me to the fullest extent of the law. He was beyond cruel talked to me like I was a criminal and told me he better hear from me by 5. I contacted pdl assistance who told me I could enroll in their program for 175.00. The girl was very helpful and said that since I had 325.00 to Allied, 400.00 to Advance America, 400.00 to Paycheck Loans and 500.00 to paydayone.com that I could make 80.00 biweekly payments to them and they would handle the rest. She said to put a hard freeze on my bank account but to go ahead and let the internet payment come out next fri since it was the 1st payment with paydayone.com. I'm in Louisiana and am not sure of my rights or if I even have any rights. I gave her the mans name and number who had contacted me earlier and she said she called him and couldn't reach him and that thru further investigation she found this company was a scam. Tonight I've read horrible reviews on pdl assistance and now I dont know what to do! She seemed like she wanted to help me but when something seems to good to be true....
There are a lot of pro's and cons to hiring a company to help yo
There are a lot of pro's and cons to hiring a company to help you get out of debt. I wouldn't use one personally, but you need to do what is comfortable for you.
We can probably help you resolve this payday loan situation FREE. But, we need more information first:
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
Quote:Originally Posted by ShazzersThere are a lot of pro's and
Quote:
Originally Posted by Shazzers There are a lot of pro's and cons to hiring a company to help you get out of debt. I wouldn't use one personally, but you need to do what is comfortable for you. We can probably help you resolve this payday loan situation FREE. But, we need more information first: -Names of each pdl company. -Whether they are store front or Internet. -How much you borrowed. -How much you paid so far. -The state in which you reside. |
1.Paycheck Loans owe 400.00 its current and due on 9/10/10 in which I will pay the 400 and have to reborrow. This is storefront
2.Advance America same...owe 400.00 current and due 9/10/10 and will probably have to reborrow fromt them as well. This is storefront
3.Allied this is the one I stopped payment on(one of the employees said there was nothing they could do and therefore I could pay it back on my own). I owe them 325.00 they are also a storefront.
4.Paydayone.com my first payment to them is on Fri 9/10/10 for 192.00 this is the only internet loan I have.
I'm in Louisiana. I am going to have to file bankruptcy due to medical bills and the divorce I went through last year. Alot of his mess is attached to my name. So I've emailed an attorny yesterday and hopefully will be able to see them sometime soon. In the meantime I am scared to death of this debt and especially the man that called me friday at work threatening to prosecute me to the furthest extent of the law. Any information you provide I would be so grateful.
Well, whoever called you is lying through their teeth because ow
Well, whoever called you is lying through their teeth because owing a debt is a civil matter, not a criminal one. If I were you I would file a complaint against him/them with the FTC because threatening to prosecute you for owing a debt is against the law.
Quote:Originally Posted by ShazzersWell, whoever called you is l
Quote:
Originally Posted by Shazzers Well, whoever called you is lying through their teeth because owing a debt is a civil matter, not a criminal one. If I were you I would file a complaint against him/them with the FTC because threatening to prosecute you for owing a debt is against the law. |
How do I go about doing that? And also since I'm filing bankruptcy should I cancel the debt consolodation?
If you are filing bankruptcy their is no need to consolidate if
If you are filing bankruptcy their is no need to consolidate if those creditors are being named. If you can use the consolidation as a stall until you file that would probably help you. You can also include the payday lenders in the bankruptcy although some of the internet ones are so stupid they will still try to collect. I am assuming you are speaking of chapter 7. This is just advice from a layman (me) not an attorney! Listen to your attorney first before you do anything!
Quote:Originally Posted by frogpatchIf you are filing bankruptcy
Quote:
Originally Posted by frogpatch If you are filing bankruptcy their is no need to consolidate if those creditors are being named. If you can use the consolidation as a stall until you file that would probably help you. You can also include the payday lenders in the bankruptcy although some of the internet ones are so stupid they will still try to collect. I am assuming you are speaking of chapter 7. This is just advice from a layman (me) not an attorney! Listen to your attorney first before you do anything! |
My loans are all coming due on fri 9/10 2 storefront and the internet one will draft 192.00 out. My appt with the attorney is Mon 9/13. Do I go ahead and pay these on Fri? I barely have enough for my rent as my ex quit paying his child support 2 months ago. I'm filing chapter 7 and the storefronts have been paid off and have had to be used again. There is one for Allied that is in default.
Quote:Originally Posted by AnonymousMy loans are all coming due
Quote:
Originally Posted by Anonymous My loans are all coming due on fri 9/10 2 storefront and the internet one will draft 192.00 out. My appt with the attorney is Mon 9/13. Do I go ahead and pay these on Fri? I barely have enough for my rent as my ex quit paying his child support 2 months ago. I'm filing chapter 7 and the storefronts have been paid off and have had to be used again. There is one for Allied that is in default. |
Oh, they are all being named in the bankruptcy. I'm just not sure how it all works.