Pay Day Loans

[jjwillman]

I have several payday loans out and would like to pay them off by consoildating them as I cannot continue to pay the interest every two weeks. I looked up a company on the internet and they say they work with the Pay Day Loan companies but I do not want to get into a legal battle since I have given these companies checks to hold. Do I deal directly with the companies and what if they do not want to cooperate or can I trust this consolidtion company?

 

[Theresagail]

I would not TRUST any Consolidation company unless it is CCCS (Consumer Credit Counseling Service) even then they just make payment arrangements-- they wont stop the interest etc... You can make payment arrangements with the companies yourself-- that is what you should do-- call the managers or go into to the branches and work out an arrangement that is reasonable with the payment and the interest.