payday loan problems

luvdatitans01 · Joined: 12 Sep 2007 Posts: 1 2.31 Dollars($)

i am currently in debted to 7 payday loan places who's

fees are killing me.....
paycheck today $390
khaki holdings $390
ameriloan $390
b.i.g $275
mte financial $390
geneva roth cap $230
qc holdings $ 532
i'm at my wit's end as to how to keep myself afloat financially

Guest 0.10 Dollars($)

Which state are you in?

I am asking because in many states payday loans are illegal. It is possible that many of these companies are not authorized to do pdls in your state.

larry · Joined: 27 Jun 2007 Posts: 3307 470.31 Dollars($)

Hi Luvdatitans,

I wonder how you had managed so many payday loans at a time! You must have been in serious problem that made you took so many payday loans. I understand how much you are in financial troubles now.

In this situation, you can consolidate all your payday loans by applying for a debt consolidation loan. By taking a debt consolidation loan, all your debts will get consolidated into a single debt and it will be affordable to you to pay them off at installments.

I know one of such debt consolidation company called Debt Consolidation Care. They help people who are in serious debts. To know more about this company, you may refer to http://www.debtconsolidationcare.com

wildstorm_films · Joined: 22 Aug 2007 Posts: 131 8.66 Dollars($)

Please dear god, anyone who reads this DO NOT get a payday loan!! What seems to be a good way to get out of a jam just makes the jam all the more difficult to get out of. I don't care if the payday loan place is legit or has a good track record. DON'T GET ONE!

jenkin7 · Joined: 04 Jun 2007 Posts: 939 140.77 Dollars($)

Quite true Lee, that's the right thing to say about payday loans. Indeed why go for debt to get out of financial trouble and then again land up in more troubles.

0.10 Dollars($)

Larry, debtconsolidationcare.com is not a company that deals with consolidating debts. It is another forum much like this, that gives advice and info to help people get out of debt.

I know of 2 companies that consolidate payday loans, and a number of members of the debtconsolidationcare.com forum have used them.

Langehorne Law and T&C (Town & Country Acceptance Corp.)

Langehornelaw.com should provide the info on how their program works. If contact info is needed for T&C, let me know.

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

Payday lending is a viscious circle that never ends, the forum discussed above is an awesome tool with folks that have been there and survived, you will get some real good advice and guidance there and be well on your way to be free of these predatory lenders if you listen to what they have to say. I have been there, not a pretty picture, but they are real people helping each other and they will help you. Go there and get the help you need. Goodluck, and breath easier knowing that you will be in good hands.

hannabe · Joined: 31 Dec 2007 Posts: 4 2.15 Dollars($)

i'm in the same sitation, i've had my bank account cleaned out by these clowns with no end in sight.

jerry · Posted: Tue Jan 01, 2008 12:09 am Post subject:

But couldn't you trace them hannabe? I mean what's the bank saying?

patricia · Joined: 16 Jan 2008 Posts: 133 0.92 Dollars($)

I thought we had no pay day loan in our town but I was wrong. I saw a hand made bill board for it today.I was thinking "oh, what a shame they need to close those places down".What they are doing is plain out robbery. Hope anyone who is thinking of doing this reads these posts on here first and saves themselves a lot of grief.Maybe the original poster does not have credit enough to consolidate their loans . I'm think they don't or they would have done that before doing the payday loan thing.

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

Yes they charge outrageous intrest, but sometimes they seem like the only option, you get caught up in the payday loan trap that never ends. You are better off paying them off and staying the heck a way from them.

You think bill collectors are bad, you should see how these idiots act when you don't pay on time, they are a bigger trip.

fireyone_02 · Joined: 20 Mar 2008 Posts: 281 2.17 Dollars($)

I hear this alot. I have read that once you take a loan from them it never gets paid. What do they do charge alot of interest or what. Just wondering why I hear these nightmare stories.

jbarto65 · Joined: 04 Nov 2007 Posts: 627 0.00 Dollars($)

Fireyone, they do get paid but they are high intrest for example, if you borrow $300, you would pay $90 x 4 pays, then you start paying down the debt, which would be $50 plus $90, until the loan is paid in full, Usually takes about 8 paychecks to pay off one loan. So it does get paid off, you just end up paying quite a bit of money to get rid of it.

jnmteal · Joined: 20 May 2008 Posts: 16 6.11 Dollars($)

there are some pdl who are not soo horrible but I have one with geneve roth and they are taking out 120 every 2 weeks! when I called to see what the balance was it was still the same that I borrowed! apparently the 120 is a fee that they charge to not have to pay the total amount! it never takes from the primary loan! and if I want to pay back the loan I also have to pay the fee with it! for example I borrowed 400 and to pay it off I will have to pay 520.00! I dont know what im going to do becouse right now cant afford that but also can afford to pay them 240 a month in their "FEES" i have horrible credit so getting a real loan was not an option! I would be willing to take a high interest personal loan to pay back these frauds but cant even get that!

jnmteal · Joined: 20 May 2008 Posts: 16 6.11 Dollars($)

oak view law group does consolidate payday loans but they charge you 100 per creditor, 50 a month and then 20% of what they saved you. so for me it is not much of a savings. care one credit will also consolidate them but only if they accept the proposal. just a little FYI

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