Question:
Dear Steve,
Watching you site for quite a while. Recently I took out a pay day loan to help my son. Huge mistake. They are charging over 300 dollars every two weeks. We were making the payments and then got hit with a auto renewal we were not expecting.
Bang! everything bounces and then we get hit with bank fees. Wife panics and takes another pay day loan… long story short we are now several hundred dollars negative in the bank and close to 24,000 total. Oh, my wife lost her income during all this so there goes 2,000 a month out the window. I can’t file bankruptcy because I have to travel with my job and if the credit card goes then I am gone.
I ran across a debt settlement company called Curadebt. They seem to have good reviews and as far as I can tell are associated with PEAK Legal services. Have you ever heard of them or know anything about them? By the way if any readers see this STAY AWAY FROM PAY DAY LOANS!!
Wayne
Answer:
Dear Wayne,
When it comes to checking out a company, I have these free guides you can use to check out the company.
- The Ultimate Consumer Guide to Checking Out a Debt Relief Company Before You Sign On the Line
- 10 Must Do Steps to Find the Best Credit Counseling or Debt Settlement Company for You
- How to Check Out a Business or Company to Avoid Getting Scammed or Ripped Off
When it comes to payday loans I think you summed it up beautifully.
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.
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