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question about installment loan vs. payday loan

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two of the payday loan companies I went with offered me installment loans are these classified the same as an pdl. I wasn't for sure what the consolidation companies consider that as. Thanks Angie




An installment loan is not the same as a payday loan. I have been researching this very same thing for a couple of days now.


Please read this post for more info:
http://www.debtconsolidationcare.com/paydayloan/installme nt-loans-regulating-laws.html

Sub: #1 posted on Mon, 07/14/2008 - 22:33

Cool_Abyss Cool_Abyss
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So then when consolidating is that not the same then or what do I do with these can I still consolidate them?

Sub: #2 posted on Mon, 07/14/2008 - 23:35

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so do they treat them the same at all when your trying to consolidate with a pdl company?

Sub: #3 posted on Mon, 07/14/2008 - 23:36

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I would believe so. Call your consolidation company and ask? Is it a PDL consolidation company you are using? I have seen people consolidate installment type loans here on this forum.

Sub: #4 posted on Mon, 07/14/2008 - 23:48

Cool_Abyss Cool_Abyss
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Yes they are a pdl consolidation company. I haven't decided whether to go with pdl assistance or towne and country consolidation. With pdl assistance they want $150 to start up but round $250 payments a month and T&C wants 200.00 to start up and $37 payments a week, I can't decide who will be best to go with, from reading on here seems that T&C really knows there stuff. I will try to post on here when I find out if they do the installment type also.

Thanks a bunch

Sub: #5 posted on Mon, 07/14/2008 - 23:56

angmessick angmessick

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Well if you want more info on these 2 companies. Just do a search up top in the search box. Town & Country seems to be more efficient to some folks. Godd luck in your decision!

Sub: #6 posted on Tue, 07/15/2008 - 00:06

Cool_Abyss Cool_Abyss
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