Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

1 Bump

Do you know of any payday debt consolidation companies

I have gotten in over my head with too many payday loans taken out
so if you know of nay reputable companies I can use I would appreciate
it?

Answer Question
 
Anonymous

Asked by Anonymous at 5:48 PM on Mar. 8, 2011 in Money & Work

Answers (8)
  • Best thing to do is contact the company that you owe and work out some arrangement to pay back.
    KayGia0704

    Answer by KayGia0704 at 6:26 PM on Mar. 8, 2011

  • Avoid those companies like the plague, best to work out an arrangement directly with your creditors.
    tasches

    Answer by tasches at 7:15 PM on Mar. 8, 2011

  • get on a debt payoff plan, start anew budget, get counseling, http://www.jmgnetworth.com/mywealth

    You'll get texts to your cell if you have one, 24/7 counsellling financial or crises, a debt pay off plan, education and more.

    Good luck.
    IraqiVetWife

    Answer by IraqiVetWife at 8:34 PM on Mar. 8, 2011

  • The Dept of Justice has put together a database of credit counseling/debt consolidation orgs with the DOJ stamp of approval-  http://www.justice.gov/ust/eo/bapcpa/ccde/

    rkoloms

    Answer by rkoloms at 8:38 PM on Mar. 8, 2011

  • Close your checking account. Then go back to them one by one and work out a payment arrangement. And then vow to never step foot in those places again. Remember if you're thinking you need a payday loan- what you really need is an extra $500- so start thinking about extra jobs and selling stuff.

    Good luck. I'm so sorry you are going through this.
    Erica_Smerica

    Answer by Erica_Smerica at 1:12 AM on Mar. 9, 2011

  • Thank you so much I will try these avenues.
    Anonymous

    Comment by Anonymous (original poster) at 7:17 AM on Mar. 9, 2011

  • Nationa Foundation for Credit Counseling http://www.nfcc.org/.


     

    HotMama330

    Answer by HotMama330 at 12:15 PM on Mar. 9, 2011

  • What state do you live in? Believe it or not but my brother is an attorney in VA and is actually suing a lot of those payday loan companies. He has actually run a few out of the state. Some of the cases are in front of the VA Supreme Court which is ruling in favor of the people who took out the loans. It maybe something you would want to look into from a legal standpoint.



    rebeccamalcolm

    Answer by rebeccamalcolm at 3:15 PM on Mar. 14, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.

Next question in Money & Work
Tell me how weird this is...

Next question overall (Pets)
Is it true about swiffer?