Forums
I currently have 6 payday loans; 3 Internet and 3 store front. 2 are over $1000 and all I can pay are fees. I'm nearly suicidal over this (no I'd never kill myself so don't call the police) but I'm desperate. Payless Financial group contacted me; can it really be $400 per month for 4 months to pay off $4300 of debt?? I live in Texas and need an opinion before pursuing this option - thanks!
Nearly suicidal over this
What are the names of the pdl companies? Are your lenders licensed in your state? If not, then you are required to pay them only the principal, no interest or fees. In this case close down your bank account and open a new one. Ask them for a refund, if you have overpaid them. But if they are licensed, then you will be liable for both the principal and interest. In this case, try to negotiate with your licensed lenders and set up a payment arrangement with them.