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Are there any payday loan consolidation services available for storefronts? I called Langhorne but they said I did not qualify because I did not have any online loans. I was told I need to have at least three online then they would help with storefronts.
Any suggestions?
I have three storefronts:
Check N Go
Quik Cash
Check Smart
Thanks in advance!
I'm not familiar with payday loans at all other than I have heard they charge very high interest rates. There is a non profit organization that posts on here that should be able to answer your questions when it comes to dealing with payday loans. And plus others from the forum will be by to help you out.
Since they are storefronts, then that means that they are legal in your state. What is your situation, can you elaborate more? How long have you had the loans out?
Have you tried goig in and talking to them, many times they will work out a repayment agreement with you that will work for both of you. Let them know that you have loans with the other companies and that you want to pay them all off, but you have to live also, you may be surprised, they may actually work something out that benefits you.
Have you went to there company websites and seen what their policy is on their clients? I jut went to checkngo, they have a faq page and the answers are there. I am sure you are not the first person in this situation, so they must have ways of working this out. Visit the other twos websites also and see what they have to say.
Payday loans do list a lot of facts on their site. At least the more reputable ones will. The only thing I find amazing is them actually working with the debtor since usually they are one of the first people to try to take advantage of someone who is in need of help. Don't they charge an astronomical interest rate? I would try working something out once you have ruled out getting a bank loan which would be much cheaper in the long run.
From what I read, they will work with you through a collection agency, so it would be like any other debt that you have let go. I am not real sure how they use the collections, they may have their own collection department, I am sure they do.
Regardless, if it was me, I would go to the web pages and see what my options are then call them and discuss it. I would call the corporate office first and have a plan when you walk into the office.