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Are there any legitimate payday loan consolidation companies

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I need help managing payday loans, got in over my head. Are there any legitimate payday loan consolidation companies out there?

Again, you're making me giggle.

Your demands mean nothing to them. They will stop when they realize they aren't going to scare you into giving them more money. Until then, they will call, email, etc. If you immediately nip it all in the bud by telling them how it's going to be and telling your references, your employer, etc. that this is a scam and they should ignore the calls, it will stop sooner.

The FDCPA has nothing to do with this until it's turned over to an outside collection agency. Original creditors/lenders aren't subject to the FDCPA and, since these are tribal and/or offshore lenders who are already breaking the law, what makes you thing they would adhere to this law if they're already breaking the law?

Sub: #1 posted on Mon, 10/22/2012 - 23:29

OhioGal1 OhioGal1
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(Posts: 5254 | Credits: 830.46)

Contact your HR department and tell them that your bank account was hacked. We have creative options available. You can say your sister took out a loan and happened to know the last 4 of your social and added you to the loan and now people are trying to scam you. Just make something up. Let me ask you this, would you rather your payroll department be forwarded over a wage assignment without knowing what it was, or would you rather tell them ahead of time?

You owe ONLY WHAT WAS BORROWED. No fees or anytihng. THAT'S IT!

Furthermore, they can AND WILL call you NONSTOP. This is a fact you will have to learn to deal with. You are not understanding. When you take out a PDL, the consequences are phone calls in massive volume. These are illegal loans. Lenders operating ILLEGALLY, which is why you only owe principal. Do you think they are going to obey your cease and desist????????

Sub: #2 posted on Sat, 10/20/2012 - 04:13

waffles waffles
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So if I send them a letter/email stating that I revoke ACH privileges and voluntary wage garnishments - are they allowed to try and contact my payroll department about wage garnishments. Also in reading online the rules of the FTC DC laws - if I send them a certified letter stating they are not allowed to contact my work or reference - that they must communicate with me via mail/email - once I get that little slip back that they signed for - they must stop all calls. Am I reading all this correctly?

Sub: #3 posted on Fri, 10/19/2012 - 23:58

Hops44 Hops44

(Posts: 18 | Credits: 3.06)

After talking things over with a friend and also with my supervisor - I believe the battle will begin to eliminate these loans. I do owe money, I will pay what I owe - but as far as paying $5000+ with fees and interest - I think I will pay back the $435 that I owe - minus what was paid.

Sub: #4 posted on Fri, 10/19/2012 - 23:53


Are Great Plains, Plain Green, and Cash Call payday loans or installment loans?

Sub: #5 posted on Fri, 10/19/2012 - 17:54

Hops44 Hops44

(Posts: 18 | Credits: 3.06)

I have not done anything yet - still working on the letters - and still trying to decide my best course of action. I have looked over all the pdl contracts and I dont see anything on them about a voluntary wage garnishment - so not sure that i have to include the payroll department in all of this other then when I go over to get my automatic deposit changed and tell them that I had to close my bank account due to my account information being compromised. I am a school teacher and am very embarrased that I got myself into the jam. I cant afford to have any negative things happen to me that could cost me my job - I am a father of 3 and need the job and the benefits.

Sub: #6 posted on Fri, 10/19/2012 - 17:51

Hops44 Hops44

(Posts: 18 | Credits: 3.06)

Did you do a voluntary wage assignment revocation???

SImply let your work know that bank account information was compromised and that you were scammed...tell them simply to hang up.

Sub: #7 posted on Fri, 10/19/2012 - 17:45

Moderators Cum Industry Expert
(Posts: 17210 | Credits: 4746.28)

How many times a day should I expect to get phone calls and how many calls should I expect my work to receive. I am really scared that once this goes into motion that I could loose my job because they are calling my work number or worse yet - calling my payroll department about the voluntary wage garnishment.

Sub: #8 posted on Fri, 10/19/2012 - 17:39

Hops44 Hops44

(Posts: 18 | Credits: 3.06)

Glad I could make you giggle.

Had an off the record conversation with a person in the banking and insurance department today. Here is alittle thing that these companies don't want you to know. If you fill out an online forms looking for a loan, if you are redirected to a company's website and offered a loan - technically they invited you to do business and they have then entered your state. These pdls try to hide behind their state laws and say you reached out to them so you entered their state and have to follow their laws.

Sub: #9 posted on Fri, 10/19/2012 - 09:29

Hops44 Hops44

(Posts: 18 | Credits: 3.06)

Yes, per year.

The other question you asked always makes me giggle.

If they're lending money illegally and trying to collect on an illegal loan using illegal tactics, what makes you think they're going to listen to your "demand" not to call you?

Sub: #10 posted on Fri, 10/19/2012 - 01:48

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5254 | Credits: 830.46)

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