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christy2885
Joined: 23 Oct 2009
christy2885's page
Posts: 1
31 Magic Points
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Subject: I need help in paying 3 payday loans?
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Fri Oct 23, 2009 3:20 am
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| It seem like it never end. I only have chance to pay the interest. They already called me at my job and told them "that the pay day loan has to be handles now" it was embarrasing now everyone knows about my debt. |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1240
28942 Magic Points
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Fri Oct 23, 2009 7:29 am
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Christy,
Since you have 3 payday loans, I would suggest you to consolidate them and repay it. You can contact a debt consolidation company, where you will have to undergo debt counseling. The counselor will review your financial situation and help you to chalk out a payment plan. The counselor will negotiate with your creditors asking them to reduce the interest rate and waive off the late payments charges. After you get the new payment plan pay the money on a monthly basis to the company till you have paid the entire amount. The company will pay your creditors. The consolidation company will also charge fees for their service.
However, if you wish to do it alone, then you can consider taking out a secured debt consolidation loan. You can use credit card with 0% introductory rate and without any annual fees to pay the loans. You can also try to find out private lenders who are ready to give the money. Lastly, you can also try to get an unsecured debt loan from a financial institution.
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All the Best 
Justin |
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BETTY WILSON
Guest
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Subject: PAYDAY LOANS
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Fri Jul 02, 2010 2:42 pm
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| I NEED HELP WITH SOME PAYDAY LOANS. CAN YOU HELP ME? |
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Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
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Subject: payday loans
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Sat Jul 03, 2010 11:26 am
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Hi Betty,
Can you tell what kind of help you need? What is the state you live in? Payday loans are not legal in all states.
Thanks,
Aaron
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: credit
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Mon Jul 05, 2010 1:11 pm
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| AARON..are PDL's legal in Pennsylvania? I STILL get phone calls and letters about PDL's I never paid off (I just couldn't at the time). However......those few PDL's are over 4 or 5 years old now. The SOL, in 'my' state is 4 years. However....I don't have them on my credit, either. If I call them and make arrangements to 'clear them up', I know I will be starting the SOL over again. |
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Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
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Subject: reply
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Tue Jul 06, 2010 11:57 am
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sdchargers,
No, payday lending is prohibited in Pennsylvania. Thus, you are not required to pay back more than the principal amount. Moreover, in your case the statute on these accounts has expired. In addition these accounts are not there on your credit report too. Thus, you need not worry about these accounts.
Thanks,
Aaron
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: credit
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Fri Jul 09, 2010 9:19 am
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| Actually....the PDL's, THEMSELVES, aren't on my CR. But, the CA's, who were trying to collect for them, ARE on my CR. Does that make sense? Yep...after all of this time, a few CA's (concerning the defaulted PDL's) are on my CR. If PDL's are "prohibited" in PA, how can any CA try to collect on them? Anything I can do? Suggestions? |
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