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I am drowning in payday loans. I can't sleep at night and am about to have my house o go into foreclosure. I have called a couple debt consolidation companies but none of them deal with payday loan companies. I was up til 3AM last night and found this site. Y'all seem to know how to deal with this. I have seriously considered just ending it all. What do I do?
Payday loans are real pain. They charge high rate of interest and often break the state usury laws too. Consult your state laws regarding payday loans and check if your payday lender is allowed to business in your state or not. There is no reason to pay interest higher than what your state law permits. Contact your lenders and try to work out some easy payment plan that suits your pocket.
Most debt consolidation companies do not work with payday lenders, however, there are few which can help you. Visit the Debt Forum to know how to consolidate payday loans. Many members of the debt forum have settled their payday loans successfully; you can also discuss your problem with them.
However, payday lenders can never put foreclosure on your home. Do you owe any mortgage? Please tell us more
No Idea Where to start, desparate
There is a consolidation company in Alabama, it is called T & C (Town and Country Assets), their number is :(205)823-4930. This isn't a loan consolidation, you pay a down payment, and a low monthly payment until your debt is paid off. They deal with internet pdls. Also, PM Steeler1. She helped me a lot.