creditors said to no to consolidation

Who told you that is was with the DAs office? And who told you that you have 24 hours? I have had cc companies say this to me,give me 24 or48 hours or else,and then turn around and call me 3 days later...Karen

Yes, I would demand that they send you proof they sent this to the DA's office. Are these internet pdls?

And if you have proof that they accepted the proposal and payment already, they would have a hard case to prove. I highly doubt they sent you to the DA. I was told I was being investigated for wire fraud. I just called them on it, then I was told, "Oh not you though, but others".

I don't believe this legal threat to be legit especially after receiving money from your consolidation company. If they didn't have to accept your proposal, they must not have cashed your check also. It sounds very suspicious. What does your consolidation company say?

It is my understanding that if any legal matter is to be pursued by a district attorney, court, etc., you must also be given a copy of the suit. Contact the DA's office yourself.

It was Decatur Finance & Cashland both store front. I called them both and sent them a letter stating that I demand a statement and paper works that they are in the process or they already sent my account to DA's office.
Cashland called and said that if I could make a payment of $95/mo myself and withdraw my account from consolidation I will be out of debt in 5 months and they will pull out my account from legal. I only have a $300 loan w/ them. Cashland also said they will waived the atty's fee if I do that. I told them that I will have to discuss this w/ my consolidator. They need an answer by 7 tonight.
With Decatur Finance, the lady that I spoke said I should speak to their manager who's out on vacation for a week. She told me that they will still my garnish wages even if they accepted the proposal. My loan w/ them is for $400 and is now $880. She's giving me until Monday to pay but then told me to try calling again on Monday to speak to her Manager????

I am confuse. These loan sharks are playing tricks on me. I don't know how to stand firm w/ these people.

My consolidator told me that they will call the companies again because they already accepted the proposal and started receiving payments.

I'm confused. The DA deals with criminal matters, not civil suits. Did these companies file criminal charges against you? I though CA pdl laws stated that they can not pursue criminal action on you if you default. Maybe they actually filed a civil suit with the court and are scaring you by saying the DA. Doesn't sound right to me.

Best bet is to call the DA and they will probably tell you the same thing, because they are not debt collectors, I'm sure I read in CA pdl law that they can not pursue criminal charges.

chicagobabe, watch these loan people, they are changing their words just because they want to get money from you. I am still doubtful if they have actually sent any notice to your DA. Don't go against what your consolidation company says. If you do, they won't be accountable to your queries later just because you made the wrong move and it was against their suggestions.

I want to see what can be done so that PDL's are forced to accept consolidation proposals. Why do they have an option to accept or not accept? The service is predatory by nature, resulting in one loan after another to keep up, and the State's need to put something in place to allow people a way to get out. I know some states have repayment plans but the payments are twice what the fee/reloan cost is. No one is trying to get out of what they owe, they just want a reasonable way to pay it back. Have a database of individuals in a consolidation program so that they aren't able to loan again but make it feasible for people to get out without being harassed.

I agree w/ you MochaLatte. I was so disappointed to find out that AG's office can't do anything or can't force pdl to accept consolidation. The only thing they can do is to stop them from harassing us.