Payday loans and debts

Help with eliminating and paying debt, including credit card debt and medical debt.
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Thevittores1
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Payday loans and debts

Post by Thevittores1 » Fri Jul 30, 2010 11:06 am

I am a 29 year old Christian woman in need of some assistance. I am wondering about your assistance program and what your policies were. After a long year with a bad roommate, and some really poor financial decisions on my part, I was left with an overdrawn account and a large rent bill and numerous debts. My cousin moved in with me two months ago after her college graduation but recently lost her job and has to move home leaving me in the lurch with the rent. I admit that I have made mistakes financially and am upside down due to my own poor stewardship.

I have been through Dave Ramsay's Financial Peace University which has been immensely helpful. I know what I need to do to remedy the situation, the problem is two current issues that are keeping me from getting my head above water. I have met with a friend who works in the financial sector and have created a budget keeping in line with Mr. Ramsay's ideas.

In the mess of my former roommate, I had to get a pay day loan. It started a vicious cycle that needs to end. I also was left with a large utility bill due to her non-payment. I have paid that bill but it has left my bank account with a very large overdraft. If I were able to get those two issues out of my way, I would on the road to financial recovery. The overdraw is $450 and the loan total due is $562.50.

I have a $659 rent bill coming due on the 1st and am wondering what my options are. If I could somehow get the overdraw and the loan out of the way I know that I can handle things from there. I have come up with a workable budget and know that I can stick to it…I simply can’t without assistance on the other two things though.

I would appreciate any help you can provide!

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Re: Payday loans and debts

Post by Admin » Mon Aug 02, 2010 9:29 am

Payday loans are hard to eliminate, as people get in that cycle of taking out a loan, can't pay it, then get another payday loan. The itnerest rates make them very difficult to pay off. Your best best may be to talk to a non-profit credit counselor, or a debt settlement company. In either case, read the fine print before entering into any agreement with them. But your best bet to address the payday loan is just to earn more (part time job?), spend less, and free up cash.
http://www.needhelppayingbills.com/html ... ment_.html
Thevittores1 wrote:I am a 29 year old Christian woman in need of some assistance. I am wondering about your assistance program and what your policies were. After a long year with a bad roommate, and some really poor financial decisions on my part, I was left with an overdrawn account and a large rent bill and numerous debts. My cousin moved in with me two months ago after her college graduation but recently lost her job and has to move home leaving me in the lurch with the rent. I admit that I have made mistakes financially and am upside down due to my own poor stewardship.

I have been through Dave Ramsay's Financial Peace University which has been immensely helpful. I know what I need to do to remedy the situation, the problem is two current issues that are keeping me from getting my head above water. I have met with a friend who works in the financial sector and have created a budget keeping in line with Mr. Ramsay's ideas.

In the mess of my former roommate, I had to get a pay day loan. It started a vicious cycle that needs to end. I also was left with a large utility bill due to her non-payment. I have paid that bill but it has left my bank account with a very large overdraft. If I were able to get those two issues out of my way, I would on the road to financial recovery. The overdraw is $450 and the loan total due is $562.50.

I have a $659 rent bill coming due on the 1st and am wondering what my options are. If I could somehow get the overdraw and the loan out of the way I know that I can handle things from there. I have come up with a workable budget and know that I can stick to it…I simply can’t without assistance on the other two things though.

I would appreciate any help you can provide!

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Grants for payday loans and credit cards

Post by a123 » Sat Aug 14, 2010 10:00 am

how do I apply for one personal grant that will help me pay my personal debts, payday loans, and credit card bills. All I want is one personal grant so I can be debt free. I have a few different kind of debts (like BOA Visa card) so I am looking for one grant that I can apply for that will cover all the help I need. My total debt for everything that I would like the grant to cover is rounding to 15000 dollars. Is there anything that can help me get out of this debt where I wouldn't end up with more debt? I live in the state of Massachusetts. I do not want a bunch of adds on specif grants just one personal grant that covers what ever it is that I may need. Please and Thank you for you time.

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Re: Grants for payday loans and credit cards

Post by Admin » Tue Aug 17, 2010 11:37 am

The truth is that there are not really grants that can be used to pay off debts, credit card bills, etc. If you need help with Bank of America credit card debts, you can try a debt management plan. These are programs offered by BOA and credit counselors that take a methodical approach to paying off bills and debts. Many can be entered into at no cost, or with a minimal fee. Sometimes you can consolidate payday loans into the debt management plans as well.
http://www.needhelppayingbills.com/html ... gemen.html
a123 wrote:how do I apply for one personal grant that will help me pay my personal debts, payday loans, and credit card bills. All I want is one personal grant so I can be debt free. I have a few different kind of debts (like BOA Visa card) so I am looking for one grant that I can apply for that will cover all the help I need. My total debt for everything that I would like the grant to cover is rounding to 15000 dollars. Is there anything that can help me get out of this debt where I wouldn't end up with more debt? I live in the state of Massachusetts. I do not want a bunch of adds on specif grants just one personal grant that covers what ever it is that I may need. Please and Thank you for you time.

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Re: Payday loans and debts

Post by Kenmac » Sun Jan 02, 2011 11:49 pm

A payday lender keeps calling me for money. Granted I did take out a loan from them, but they are harassing me. I think they really took advantage of me and my situation. They gave me a loan, said the interest rate would not change, and told me what the fees were. I do not have the paperwork they gave me. Then when I went to extend the payday loan they change the interest rate and other deals on me, and tried to charge me some terrbile fees. I do not know what to do. The amount they say I owe is more than I can afford. What can I do to deal with the payday lender in South Carolina?

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Re: Payday loans and debts

Post by Admin » Tue Jan 11, 2011 9:48 am

I know payday lenders and loans are all too common in South Carolina. I do know that individuals have many options and ways to reduce or ideally pay off those payday loans. There are consolidation options, ways to get lower interest loans from other lenders and banks and you can use that money to pay off the payday loan, and talk to places like a credit counseling agency. Many resources and options are available for you.
http://needhelppayingbills.com/html/pay ... tives.html
Kenmac wrote:A payday lender keeps calling me for money. Granted I did take out a loan from them, but they are harassing me. I think they really took advantage of me and my situation. They gave me a loan, said the interest rate would not change, and told me what the fees were. I do not have the paperwork they gave me. Then when I went to extend the payday loan they change the interest rate and other deals on me, and tried to charge me some terrbile fees. I do not know what to do. The amount they say I owe is more than I can afford. What can I do to deal with the payday lender in South Carolina?

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Re: Payday loans and debts

Post by JoshRitter » Wed Jan 11, 2012 8:05 pm

My husband was diagnosed with a serious illness. He was an Assistant Manger but got demoted to as a result of illness once employer found out his situation. This demotion lowered his pay by $250 a week! He has taken out various PayDay loans which are now just about taking both of our pay. WE can barely afford groceries, our Satellite TV was shut off due to non-payment, my Truck is about to be repossessed due to non-payment for four months, PLUS whatever bills we do pay with check end up bouncing (including rent check) due to PayDay Loans direct withdrawl. So we get charged for overdraft fees. My job, which is the first PERMANENT job I've had in two years (only able to get Temp jobs but no health insurance or benefits) is 30 miles one way so I travel about 60 miles a day and always end up borrowing from friends for gas money. It's a sad situation. I've looked into your PayDay loan section. Any other information would be highly appreciated.

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Re: Payday loans and debts

Post by CommonSense » Mon Jan 16, 2012 8:43 am

I happened across your web site in search of help for my dilemma. I am in a financial situation that was made worse by a pay day loan and need to know where to turn for help. I am in fear of losing my home due to prior unemployment and illness. I read there are banks that offer government loans for low income people or someone in my area that works with people with bad credit. I have a title to a mobile home but cant find anyone that will let me use it for collateral and I have a low credit score. Please help me with any information you may have on Roanoke and Salem , Va .

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Re: Payday loans and debts

Post by Admin » Tue Jan 17, 2012 10:05 am

Do not take out a payday loan for this. Payday loan should not be used to pay expenses if you have no longer term plan to pay it back. Otherwise you will get into the never ending cycle that is terrible and may lead to bankruptcy. Find other alternatives and short term loan products using that link.
JoshRitter wrote:My husband was diagnosed with a serious illness. He was an Assistant Manger but got demoted to as a result of illness once employer found out his situation. This demotion lowered his pay by $250 a week! He has taken out various PayDay loans which are now just about taking both of our pay. WE can barely afford groceries, our Satellite TV was shut off due to non-payment, my Truck is about to be repossessed due to non-payment for four months, PLUS whatever bills we do pay with check end up bouncing (including rent check) due to PayDay Loans direct withdrawl. So we get charged for overdraft fees. My job, which is the first PERMANENT job I've had in two years (only able to get Temp jobs but no health insurance or benefits) is 30 miles one way so I travel about 60 miles a day and always end up borrowing from friends for gas money. It's a sad situation. I've looked into your PayDay loan section. Any other information would be highly appreciated.

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Re: Payday loans and debts

Post by Panthers » Mon Jan 30, 2012 8:49 am

I am in disparate need of financial help. I am veteran that moved from San Diego back home to Birmingham AL this in 2010. The move has caused me to get behind on my bills because of borrowing money from Pay Day Loan companies to stay afloat and overdrafts from my bank. I am receiving early retirement social security, a small amount for retirement from a federal job I had to retire from due to medical problems and my military retirements which a few allotments come out of including a $616.98 a month car payment. I move here because I wanted to be near family and the Moving company gave me a good deal for the move which turned out to be a big scam. I was told that my move would be a little less than $3000 but when the actually moving company packed and had my property in their possession the amount went up to a little less than $10,000. I now am now taking from Pal to pay Peter as the saying goes. I drove alone to Alabama without stopping only stopping for gas and food, 25 hrs straight. During this drive a part of my front end of my car came off and hit another car. I had to pay $500 deductible for that repair, backed up and hit a fire hydrogen and could not afford to get it repaired so I got another car and the tags cost more than I expected even with my paperwork from the VA for disable veteran tags and this August 2012 my tags will be a little over $100. My car is a fairly new 2009. I am trying to get 100 % disability now, I have 70% from the VA now that will help a little if I get the 100%. I want to work but would like to work from home. I haven't had money to put gas in my car so I don't go anywhere unless its an emergency need and haven't had the money to buy food for over a two months just barely have noodles to eat and dog food and medical attention comes before my needs. I live alone and my puppy keeps me alot of company I knew I was going to make my financial even harder but I always wanted a puppy and he is just like a human child and I never was blessed with any children. I am here close to family but not much contact. I have this mid month $1999.00 in bills and only have left after payday loans and bank overdraft. I really need assistance. I am afraid I am going to let the cell phone be turned off because I cant pay the bill. Please reply.

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Re: Payday loans and debts

Post by Admin » Fri Feb 03, 2012 10:16 am

Yes, sadly many payday loan lender focus on military personnel and veterans, as they often need some short term cash while waiting for paychecks. Too bad to hear about your car issues on your drive. But do not use a payday loan to pay for repairs. Instead call a local Salvation Army, community action agency, or other local non-profit. As far as the loans and debts you have, look into payday loan consolidation. This can lower your interest rate which will allow you more time to catch up on paying back the bills and debts. But there are no magic tricks. It is just paying a little more towards your payday loans each month. Also look into non-profit credit counseling too.
Panthers wrote:I am in disparate need of financial help. I am veteran that moved from San Diego back home to Birmingham AL this in 2010. The move has caused me to get behind on my bills because of borrowing money from Pay Day Loan companies to stay afloat and overdrafts from my bank. I am receiving early retirement social security, a small amount for retirement from a federal job I had to retire from due to medical problems and my military retirements which a few allotments come out of including a $616.98 a month car payment. I move here because I wanted to be near family and the Moving company gave me a good deal for the move which turned out to be a big scam. I was told that my move would be a little less than $3000 but when the actually moving company packed and had my property in their possession the amount went up to a little less than $10,000. I now am now taking from Pal to pay Peter as the saying goes. I drove alone to Alabama without stopping only stopping for gas and food, 25 hrs straight. During this drive a part of my front end of my car came off and hit another car. I had to pay $500 deductible for that repair, backed up and hit a fire hydrogen and could not afford to get it repaired so I got another car and the tags cost more than I expected even with my paperwork from the VA for disable veteran tags and this August 2012 my tags will be a little over $100. My car is a fairly new 2009. I am trying to get 100 % disability now, I have 70% from the VA now that will help a little if I get the 100%. I want to work but would like to work from home. I haven't had money to put gas in my car so I don't go anywhere unless its an emergency need and haven't had the money to buy food for over a two months just barely have noodles to eat and dog food and medical attention comes before my needs. I live alone and my puppy keeps me alot of company I knew I was going to make my financial even harder but I always wanted a puppy and he is just like a human child and I never was blessed with any children. I am here close to family but not much contact. I have this mid month $1999.00 in bills and only have left after payday loans and bank overdraft. I really need assistance. I am afraid I am going to let the cell phone be turned off because I cant pay the bill. Please reply.

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Re: Payday loans and debts

Post by Raposa » Sat Jul 21, 2012 10:21 am

I live in Phoenix Arizona and I got a letter from I.R.S. saying my land lord wasn't paying there taxes. I have 4 kids and we are trying to move but need help with security deposit we found a 3 bedroom for 600 a month and need help with 700 deposit.
Been laid off from the union job I started and getting far behind on many bills. Was called back to work a few months ago but playing catch up still risk losing things that I don't want ruining my credit score. I am 27, a multiple tour OIF veteran, have 3 kids and face another lay off within a few days... scared to see my kids pay for the rough times we are experiencing. Have taken out payday loans to help but owing on those small loans also... jet wanting one big lump sum to pay off debt accumulated.

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Re: Payday loans and debts

Post by gibbs » Mon May 12, 2014 1:05 pm

During hurricane Iaasic I had to make a loan from an outrageous company due to no electricity. I needed cash now and with their interest rate I will never pay it down much less off and although I tried to consolidate. My credit isn't good enough so if I can get help to pay off this loan it would cut out almost 500 dollars back in my pocket. Then due to health issues where I was living I had to move yet again so with this I have gotten behind and if I could pay off this 1 large bill it would assure me that I will be able to pay all my bills without a problem. But I need help, please?

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Re: Payday loans and debts

Post by Admin » Fri Jun 29, 2018 8:00 am

There may be some options for you, like debt consolidation loans. Even if your credit is back, like you said, they may help. It is getting a new loan at at much lower rate than some payday product. So try one.
gibbs wrote: My credit isn't good enough so if I can get help to pay off this loan it would cut out almost 500 dollars back in my pocket. Then due to health issues where I was living I had to move yet again so with this I have gotten behind and if I could pay off this 1 large bill it would assure me that I will be able to pay all my bills without a problem. But I need help, please?

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