Payday loan consolidation helps you take care of your pdls smartly

Brilliant!! Howard payday loan consolidation is a wonderful advice - it gives breathing and thinking room so that priorities can be set. Great work!

Excellent advice, Howard. Payday loan consolidation can definitely help. The only thing I would do differently is not do quickcollect, since that is very costly, but would stand fast and send payments through the mail.

Very good advice Howard! I would definitely second your advice, kscornell - always send payment through the mail, never by quickcollect or moneygram. Then only you can be successful in Payday Loan Consolidation.

Hi Howard, I think that the first most important thing that you can do is close the current bank account that you gave the pdl companies access to and open up a new account at a different bank. These places won't stop taking out money just because they are asked to. There have been stories of people opening up new accounts at the same bank and the pdl companies getting access to them and debiting the account.

I think that this is an excellent thread and perhaps should be made into a sticky for payday loan consolidation. You have given some great advice. I do agree with suebee and kscornell-I refuse to pay money doing Western Union or Quick Collect/Moneygram because these places don't want to give out their addresses. If they want my money, they will take a money order!!!

I would never send payment thru Western Union for the simple fact it is almost untraceable from your end.You have no proof they got it. Cashier's check or money order would be best in my opinion while doing consolidation of payday loan.

Giving these companies access to checking account is not safe. Cajun puts a good point about Western Union are untraceable. I have a question in my mind. Do you think every company has a receiver code and they will accept money orders? Is there any kind of rule on this part? If we are sure about this, we will not feel lost if we are forcing the pdl company to accept money order. What do you say?

Actually somewhere buried in either the truth in lending or electronic transfer act is a statement that a borrower cannot be forced to just do ach,they must have options if ach is not possible.I do agree with you about not letting these sharks near a bank account.

Thanks Cajun, I will do some research on TILA Act. I got a direction. If you find something, please post it here. It will help a lot.

I believe it is part of the Electronic Transfer Act. Goudah just posted it in a thread the other day.

please check into your state laws regarding closing account that a payday loan is written on.
some states, like missouri, have it written that it is considered a criminal offense to close the account it was written on, as well as putting a stop payment order on it. and if you do this, you can be put up on criminal charges for intentionally misleading a creditor to evade making payment. (something like that). anyways. just some additional info to check into.

I appreciate your advice and help - but what can you do if you have signed a voluntary wage garnishment - can they enforce this or can you stop this process when you negotiate payments with them

Western Union Quick Collects are extremely traceable and trackable since they go directly to the CA. You don't have to panic while payday loan consolidation.

I have got numerous loans online and too what I have found out is they are all the same. I have tried to make arrangements with them so it won't hit my account I has one when it was time for their fees they would do it in 3 separate debits which always caused my account to be overdrawn and cause me several hundred dollars in fees. I need some really good advice how to pay just principal on these loans and get rid of them they have my account in such a mess I have got my reserve at my bank maxed out also to pay fees if someone knows something other than closing out my account because I can't right now due to owing the reserve now please let me know I'm in the process of losing alot because of these and at time it was easy and fast and now a nightmare from ****. I need some advice and fast. Can payday loan debt consolidation help?

what can you do when the bank closed the account the payday loans were written on and now they have sent it to the prosecuting attorney. I live in Missouri and it is a criminal offense up to 7 year and 7000 fine. I need help quick. I'm suppose to get this taken care of by 2/27. I don't have $555.

can i get all my payday loans consolidated into one monthly payment

how much would it cost for me to do this with approxamatly 3000.00 in payday loans

is your company works in illinois in do you deals with internet payday loans in the walk in payday laons

I am in over my head! and am wondering about payday loan consolidation. i have loans that i cannot pay and have noone that will help me. i do not want to go to jail over this. can someone please help me with what to do?

A couple of the companies I've received a payday loan from claim they do not do business with any PDL consolidating companies. Is this possibly true?

they claim that,but in the end they always do.if these places call you.let the pdl consoldating company know.they should put a stop to it.

I agree with Paul. It is not true. They may not like dealing with a settlement company but they will.

Can I just consolidate pay day loans??

Is there a fee from your company for getting a payday loan consilidation? Is there a minimum on debt in order to get help?

What is cost to do payday loan consolidation program?

Are Consolidation loan cost of services rolled into loan?

way over my head in these pay day loans need a way out immediatly.can you help

i have loans in texas and in la

Hello,

I have 2 Installment loans and 7 payday loans and am just paying the interest and sometimes more when I can. I need help and have the means to make 1 payment a month but just can't keep up w/ 10 separate payments.

If I'm able to consolidate my loans how much interest will I pay. Also, I have 4 loans, and one is in collection with a lawyer, can you still help me. I was laid off, but now is back to work and would like to catech up my bills.

I have got 5 payday loans. the other day one of my payments was returned unpaid. A Mr. Fulton called a week and a half later and 1 day before the next payment was due. Stating they were going to garnish my wages, do an IT check to see if a company computer was used and if so involve them in the investigation. I really would like to know what they can and can't do as loan companys. Alson where could I go to get help on paying these loans off.

How far can they take the debt for payday loans? can they put you in jail. I am absolutely terrified

Hi,I have 8 payday loans.Can I have all of these consolidated so that I'll just be paying an affordable monthly payment?These people helped me when I had no one else to help,so I do want to pay back and not hurt/affect them,but I'm in over my head having so many.

who is the BEST PDL consolidation company, that handles all the "dirty work" and does best job of setting up payment plans?

I am only interested in consolidating my payday loans and nothing else, and it has to be done ASAP before my next due date comes which is on 7/17/09. Can you help me please. I just can't answer the phone right now that's way I am writing to you. Thanks.

is there any way to get out of them and make a monthy payment to them

I have several payday loans, and I signed up for a counseling session. When I started putting in my creditors, I find out you don't accept Storefront payday loans, and here you are advertising that you help people with payday loans. I'm sorry, but I feel like I'm being scammed.

I don't recommend hiring a debt settlement company until you find out the details. Ask MANY MANY questions. More times than not, individuals are able to settle payday loans on their own with the advice of the members of this forum, why pay someone to do what you can do yourself. There is no guarantee a debt company can and WILL settle with payday lenders, especially if the lenders are unlicensed! It pays to do your research first!

a while ago, i wanted to do the debt settlement route but the settlement company told me to open up a bank account with them as power of attorney, i would send them payment every month but keep puttng money in this savings account also until there was enough there to maybe settle with each of the payday loans. But then i was told at the end of the conversation that not all payday companies will work with them so guess what? i fixed my payday problem myself by following the advice given here on this website. all the payday companies got their money one at a time because that's all i could do. i didn't care how much they yelled or threatened, i didn't back down. i paid using a walmart reloadable visa card because i now had proof that they were getting paid. I demanded PIF's after paying double or triple the amount that i borrowed. After a while, the war died down and my world was at peace again. no more payday loans. yes, you can do this on your own.

I have 4 payday loans and was curious to know if they could be consolidated. Thanks! :oops:

I read over the website and wanted to know if these consolidation loans include payday loans and/or lines of credit from payday loan companies? I have 3 lines of credit with 3 different companies and I am looking to consolidate them as soon as possible.

I do not know the specific rules on a LOC for payday loans. I would call and ask the PDL compnay if they offer an extended payment plan on the LOC loans.

You can also call a PDL consolidation company and ask.

Can I gethelp in colorado with payday loans? I have store fronts and internet loans. I am single mom trying to take care of three households .

Please begin a new topic with the following information:
-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.

so i know im going somewhat off subject here.......i have 4 pdl but they are not online they are storefront loans and my balances on them are starting to suffacate me finicially......also they have defaulted and i cant come up with the arragaments that they want me to keep.......im a blue collar guy i bring home less then 700 a check and all together they want me to pay about 650 a check what are my options here obvisouly i cant make those kind of payments......please someone help me out

you should look up your states payday loan laws, for eg: I am in Florida, and it is against the law for a company to lend over $500, and you cannot have more than one. Also once you pay off one, you have to wait 24 hours to take out another pay day loan. So check you states laws they may be doing this illegally. And Also read the paper work you have signed with the, there should be a section that addresses if the loan cannot be paid at the time it was initially agreed upon. Again, in Fl it states that you must notify them before the day it is due, and they cannot continue with interest charges, at that point you can set up an arrangement that fits your needs not theirs. No matter what state you are in there is a law to protect you from sharks like these, and you have to just tell them what you are willing an able to pay not what they want. If you can only afford to pay them down $100 a check than that is what they have to accept, because if they were to take you to court and you tell the judge the arrangements you offered and they refused the judge should side with you, after all you are attempting to make payment, they are the ones refusing to accept it. Good luck hope this helps!!

ACER9103



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I live in michigan what are the laws about closing one's account to prevent payday loans. My pdl are:
oneclickcash
usfastcash
loanpoint
intergity advance
thinkcash
instantcash

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Now I have a question, I just recently told them I closed my checking account (it's joint w. my spouse) and gave them another open account I have( my very own). If I close the one I changed it too, will they just revert back to my original checking account to check if it's open???

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I'm in CA and have used PDLs to try to get by (HAHAHA). Anyway, I consulted a BK lawyer, who said to close my checking account and refer the PDL companies to his phone number. I haven't filed a BK yet, but plan to. I feel like SH_ _, as I did take out these "loans" but we have many bills piling up (lay-off from work, etc.) and just cannot do this on our own. Will these companies be able to harrass me, call my employer, etc., and is it LEGAL to close my checking account with these outstanding checks out there??