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I’m Working With a Debt Consolidation Company But Now Have 8 Payday loans. – Favgirl

“Dear Steve,

In 2008 I began with a debt consolidation company to pay off credit card debt and that has been going very well. We were struggling to pay our bills and the rent so I took out what added up to be about 8 payday loans and 1 installment loan. They all have become past due and I don’t have the money to even make payment arrangements, what are my other options?

What do I do when my payday loans are way past due and I haven’t contacted the lenders because I have no money to make payment arrangements.


Dear Favgirl,

If you needed the payday loans to get by how can you make repayment arrangements on the payday loans plus pay the debt consolidation company?

You should probably click here to find a local bankruptcy attorney and put all of this behind you and start over.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  You're Getting Poorer. Why Debt is the Least of Your Concerns.

About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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