pay day loan debt consolidation?

I have 12 pay day loans(I know, what were you thinking?) that I cant pay. I’m facing eviction from my apt soon. I’m considering signing on w/a a debt consolidation company .that specializes in pay day loan debt. Any posters w/excesive pay day loan debt that have been thru this , I would appreciate feedback. I want to pay back my debt, I dont want to get sued or have my part-time employment wages garnished.


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4 Responses to “pay day loan debt consolidation?”

  • Charlie:

    Yeah, so you simply pay your debt.

  • bobby769:

    I only see 2 options for you.
    1 – get a 2nd and 3rd job

    The 2nd option is one I have never suggested to anyone.
    File for bk.

  • Common Sense:

    How is it even possible to get 12 payday loans? If this debt consolidation company asks for money up front, RUN.
    I’d seriously consider bankruptcy at this point.

  • Judy:

    Consolidation companies require collateral such as a house or a car.
    Sounds like you might be dealing with a scam company unless they tell you this upfront.
    Rememeber that a loan company will never want money up front.

    And if you ever see the words negotiation, or settlement company run far, far away.

    Go to your library/bookstore and get a book on the bankruptcy laws in your state. That way you’ll be aware of what will happen during a bankruptcy.
    /

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