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How to consolidate payday loans and get out of debt

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Posts: 4
Credits: 8542.25

Can I consolidate payday loans without turning them over to a collection agency? I don't have any defaults, but I'm not making any progress, just paying about $600 a month in interest.

I consolidated my payday loans with this company and I was referred to a consultant who did the negotiation with my creditors. Hopefully, I will be able to solve my debt related problems within the next few months.

You can also enter for a free counseling in this website and know your available options for debt repayment.

Sub: #1 posted on Fri, 08/26/2005 - 04:36

ben ben

(Posts: 2034 | Credits: 426.37)

Thanks for that information. I am going to call the company as soon as I am out of work to consolidate payday loans. I mean I needed them at first and I have just been consistently paying nothing but interest. I took on a second job to be able to pay them off and it just doens't seem to be getting anywhere. If you don't mind me asking how much did you owe and what were your payments like? I would just like to get a really quick ballpark. I have too many because I thought it would solve problems a while back, but I DID learn a lesson. I use to have 8 and now I am down to 6, but it still adds up. I know once I have them under control I can save up and not worry abouthaving to need cash again. Thanks for your response.

Sub: #2 posted on Fri, 08/26/2005 - 04:41

m_hicks_2003 m_hicks_2003

(Posts: 4 | Credits: 85.42)

The consultant will call you up at the phone number you entered during your registration in this website for a free counseling and give a plan to consolidate payday loans. In my plan, I opted to clear the debt as fast as possible and also I have some available cash in my hand. So I opted to pay $200.

Yes, payday loans are not less than a drug and their aftermaths are brutal.

Sub: #3 posted on Fri, 08/26/2005 - 04:55

ben ben

(Posts: 2034 | Credits: 426.37)

I am in the same situation as you. I am interested to consolidate my payday loans as well. I did the same thing thinking that I could get ahead with taking out payday loans and now I am just trapped. I was paying about a 1000 a month in fees alone. I would like to get out of this whole and get ahead!!! thanks for the information.

Sub: #4 posted on Fri, 08/26/2005 - 05:00

Rhonda28 Rhonda28

(Posts: 411 | Credits: 247.99)

I realized during this time that a proper negotiation is the thing that is most required to consolidate payday loans for getting rid of this problem. Thanks heaven, my consultant showed keen interest in negotiating with my creditors and I am able to feel the result of it.

Hopefully, I will be able to see the results of this hard work in my credit report very soon.

Sub: #5 posted on Fri, 08/26/2005 - 05:15

ben ben

(Posts: 2034 | Credits: 426.37)

I have recently looked at my cerdit report, I monitor it monthly, and I do not have any payday loans on my credit report. Does it effect it negatively or positively at all with consolidation? None are on my report. Only my credit cards, student loan and car loan on that report, which is good. Will it stay that way?

Sub: #6 posted on Fri, 08/26/2005 - 05:28

m_hicks_2003 m_hicks_2003

(Posts: 4 | Credits: 85.42)

If there is a debt that does not belong to you and stays in your credit report thus, giving negative information, then it will hurt your credit ratings.

However, if a debt has not been reported by your creditors and they are making collection efforts, then you need to negotiate with them in order to settle it off. If the creditors fail to recover the debt from the consumers, they report to the bureaus and this will affect your credit ratings.
An important tips to consolidate payday loans:
Please make sure that you do all the needful negotiations with your creditors before it is reported to the credit bureaus.


Sub: #7 posted on Fri, 08/26/2005 - 05:48

roxette roxette

(Posts: 4009 | Credits: 559.9)

I wanted to consolidate payday loans and even went so far to set up an appointment with a local agency. I held off and tried to apply for a mortage loan. I asked the lender would my credit be effected if I did so? They advised me it was worst then filing bankruptcy. I want a new home and I'm trying to clean my credit up, but at the same time I want to pay these loan sharks off. Especially Ellis Crosby and Associates (who are threating to lock me up tommorrow morning at 9am. after they embarass me by speaking to my supervisor). I also would like to know if this maybe grounds for a harassment suit?

Sub: #8 posted on Fri, 08/26/2005 - 08:40

aundreakendle aundreakendle

(Posts: 1 | Credits: 0.57)

I would like some help on what to do about my payday loans. I thought these loans would help me, they are my biggest mistake. Allen Lewis called and said he was from a federal agency and would go to the place of employment and spot me. When I asked him which federal agency, he became angry. Said I commited fraud. Now it is on my credit report as trying to commit credit fraud. Would payday loan consolidation help? How do you start? where do I call?

Sub: #9 posted on Fri, 08/26/2005 - 12:19


Please report them to your state attorney general if they threaten you! You did not comit fraud and they are just another collection agency.
You can start here! Talk to Roxette she can help you

Sub: #10 posted on Fri, 08/26/2005 - 20:41


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