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Getting out of Debt
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Batman Offline
Male Feminist

Posts: 10
Joined: Dec 2012
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Post: #1
Getting out of Debt
I've got myself in to a sticky situation with those payday loan companies. and now I cant easily see a way out.

I make decent enough pay but it gets devoured by them.
Any help would be greatly appreciated.
12-29-2012 09:55 AM
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TheCaptainPower Offline
Banned

Posts: 668
Joined: Nov 2012
Post: #2
RE: Getting out of Debt
Where do you live? Looking for a 2nd job?

You can maybe try to get a better rate on your loans and pay them off...

i have chase slate credit card, 15 months no interest.

Have anything to sell? Ebay?
12-29-2012 10:45 AM
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jmoney29 Offline
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Posts: 185
Joined: May 2011
Post: #3
RE: Getting out of Debt
I was in a similar situation a while back when I was living check to check. What I did was take some cash and open up a second account, then I switched my Direct Deposit paycheck to the second account. I overdrew on my first account when Payday Loan company came for my paycheck on first account, but bank paid, so I was now on the hook to the first bank for a fixed amount.I was able to pretty much pay on my time when I paid the money back to the first bank and without the interest accruing.
12-29-2012 11:47 AM
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painter Offline
Chubby Chaser
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Posts: 468
Joined: Aug 2012
Reputation: 10
Post: #4
RE: Getting out of Debt
(12-29-2012 09:55 AM)Batman Wrote:  I've got myself in to a sticky situation with those payday loan companies. and now I cant easily see a way out.

I make decent enough pay but it gets devoured by them.
Any help would be greatly appreciated.

Do you want to pay them off or not pay them off? You have a lot of options. Check Fisto's Credit/Debt Settlement thread in the Lifestyles section, there's a lot of good info there. Here's a link to my ebook which covers pretty much any scenario you might be in:

http://www.amazon.com/gp/product/B009PPK...ttom_links
12-29-2012 12:01 PM
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