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I have four Payday Loans with Cash jar: loan amount 950; paid 1050, Everest: loan amount 900; paid 270, Pepper cash: loan amount 1000; paid 250 and Great Plains: loan amount 1000; paid 300. I was contacted by a PDL consolidation company and was debating on whether to go through them or not. Thank you!
Debating on whether to go through
Welcome to the forums!!!
Cash Jar and Great Plains are illegal lenders. You owe principal only. Don’t pay them an extra dime other than the principal. Close down your old bank account and open a new one. Ask them for a refund as you have overpaid them.
credit
There are several websites I've researched about PDL's and paying principle on them. If the PDL is illegal in the state in which you reside (and almost, if not all PDL are illegal in the United States) you no longer owe them anything..even if you have a balance with them. PDL consolidation companies are just scams. All they want is your money. There is a thread, on this forum, that does show what PDL's are legal in what states, etc.