I have quite a few pay day loans out there and I want to pay them off and do something about them. I need help with this and don’t want it to get too far where it’s in collections.
If you are caught in the payday loan trap, and want out, please post the following information:
What state do you live in? CA
What companies did you borrow from?
Loan Shop On-Line
Instant Loan Today
BMG (DBA TJF Corporation)
Paycheck Today
Norstar Cash
Thecashspot.com
How much did you borrow for each loan?
Between $250-450.00
How much have you paid so far in fees? $225.00
Are the loans from storefronts or internet based companies? All internet
I need help!!!
I did contact PDL assistance. They help you consolidate your pdls but they require 200.00 up front and then they want me to send them 299.00 a month for 6 months to this bank called Rocky Mountain Bank. They will talk to each lender and settle an amount both parties can agree too. Once that 6mos is up the money i have saved in the rocky mountain bank they will distribute it to each lender and the balance (if they dont' use all the money) will be sent back to me. I googled Rocky Mountain Bank and they had a lot of ripp off reports. So that's why i'm hesitant to do anything yet. There is another one that I heard on our local radio this morning, I don't know the name of it but the number is 1-800-700-4333 which does the same thing but since I haven't called i don't know what their requirements are. I just got one lender that sent me an email saying that my acct is being sent to collections with icollect. This is worrying me i just want to take care all of them but I don't have that kind of money. My problem was, my daycare bill was kicking my butt and i just kept finding myself more and more in the negative. I make too much for daycare assitance as a single mother, but too little to survive. It's just a big headache. Anything info you can give me would greatly be appreciated!

