I have 3 payday loans - $2500 to Dexter, $600 to American Web Loans, and $600 to Iggy Loans. How can I lower pmts?

I have 3 payday loans - $2500 to Dexter, $600 to American Web Loans, and $600 to Iggy Loans. How can I lower pmts?

4 Answers

Are there any possibilities of settling the account with the creditors? Did you take a chance of negotiating a settlement?


If the payday lenders are illegal in your state, then you’re not required to pay the interest on the owed amount.  You’ll have to pay only the principal balance. When you’re not required to pay the interest on the principal balance, then you can manage to save considerable amount of money.  


As far as the illegal payday loan lenders are concerned, you'll have to only pay back the principal amount. This means you'll have to pay $600 to American Web Loans, $600 to Lggy Loans and $2500 to Dexter only. Nothing else.


American Web Loans...tribal lender

Iggy Loans...offshore Costa Rica

Dexter....need a website

Read the link in my signature line for how to deal with illegal lenders.

 

 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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