I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve
Currently have $2100 in payday loans, 4 online and one in town local. Cannot get ahead, and in fact with losing some of my income a couple of weeks ago, we are going down fast. I tried talking to my bank, tried talking to the lenders, they referred me to a place called langhorne debt solutions, they told me about the program but said to have my bank put a freeze on all ach debits to stop the fee’s coming in and then let them work with the lenders to reduce my payments and get this paid off. But my bank says they don’t do that. Don’t know what to do, need help!!!!
What do you recommend for getting out of payday loans, I am not in defalut with these loans but they are taking all our money and it is getting really serious now.
I took a look at the website for Langhorne Debt Solutions and it appears they are engaged in monthly payment debt settlements to resolve payday loans.
I think your financial ship is sinking; abandon ship. I’m afraid that at this point the only logical solution is going to be bankruptcy to end the old debts and give you at leat a chance of living within your current income. Any other debt solution would be foolish to try at this point since there would be no cessation in collection activity and you still risk facing criminal charges for writing bad checks for the payday loans or being sued for the bad payday lenders.