Please help!! Need Advice On What to do A.S.A.P!!

[punkin43612]

What is my state? OHIO..

I'll try to make this short. I owe six paydayloan companies. Two of which have threatened me with legal action if i don't pay up.
They down right scared the crap out of ME. I have a court trusteeship which I make payments to every payday.I've decided to add these loans companies to my trusteeship Because i can no longer afford to pay each company individualy.The petition is to go before the judge On 8/17/04.They(my trusteeship)said it could take days or even weeks before I get a responce and it is possible the judge could reject my petition. One loan company has said i have until the 20th. They did say if I paid $156 on the 20th and another $156 on my payday which is the 26th that this will settle my debt,but this same deal was offered by another of my payday loan companies.only they want $160 on the 26th and another next payday after that.AS you can see i can't affored this. What i want to know is SHOULD I wait and see if the judge accepts my petition to add the loans or just go ahead and go to a debt counseling service?? And hope for the best.I would like to avoid court,can't affored a lawyer or fees. I did however make 2 small payments to atleast 2 of the companies,one was paid $50 and another was paid $30 dollars. Should I have done that? ALSO Should i send a letter to all the loan companies telling them about the petition or wait to hear if it's been accepted before i send them letters??

Thanks in advince!!

 

[JETX]

What i want to know is SHOULD I wait and see if the judge accepts my petition to add the loans or just go ahead and go to a debt counseling service??

Of course no one can tell you what you should do (it is too late, but you should NEVER use 'payday loan' services!!). I will say that a 'debt counseling service' is likely the LAST thing you want to do as most of them are scam operations that will more than likely hurt you. Also, a 'debt counseling service' couldn't help you anyway, as these are not 'normal' debts that negotiate, but are a special class by themselves with the risk/threat of possible criminal action (due to 'bad check' laws).

I did however make 2 small payments to atleast 2 of the companies,one was paid $50 and another was paid $30 dollars. Should I have done that?

I can't imagine ANY circumstance that would suggest you NOT making payments.

ALSO Should i send a letter to all the loan companies telling them about the petition or wait to hear if it's been accepted before i send them letters??

What 'petition'??? And EXACTLY what are the terms of this 'trusteeship' you refer to??? Are you referring to a bankruptcy???

 

[jbodden6977]

Huh?

Jetx has a really good point - a petition by several other names is not the same thing. Be a little more specific.
Another thing, I presume you are in pro per since the costs of a lawyer would soon make it cheaper to just pay the money you owe.
Way cheaper, since if you are sued for the money you can end up owing court costs and attorneys fees in addition to the original debt!
It sounds like you need to calm down - get a calculator and a spread sheet program (Staroffice 6.0 is free to students and only $70 fully registered and includes a word processor and a spreadsheet among other things!) and then you need to start with what money you have, what you owe and the timeline in which you can manage to pay it to the people you owe it to.
Then ASK them to look at your plan and agree to it.
IT IS VERY BAD FORM TO IMPOSE CONDITIONS ON PEOPLE YOU OWE MONEY TO - IT IS THEIR MONEY YOU ARE BEING ARBITRARY ABOUT.
I would say that it is ok if you ask them to understand that this plan is sincerely the best that you can do and to spend money on litigation is merely beating the dead horse with a brand new stick.
No matter how many new sticks they buy, the horse is still dead, gettit?
Be nice, apologize - at least once - and ask for terms that you can meet.
Find your law library in your state. In CA it is online at www.leginfo.ca.gov -
most states do now have their laws online.
Find out what your rights are and KNOW them - but recognize the political savvy in not jumping out of the closet with them and yelling "Boo!".
Be reasonable, be calm, be apologetic - and try to get this mess cleaned up.
Bottom line, they only want to be paid, and even they realize that they will not go broke in a few weeks or months longer that it might take to settle the contentions on this matter.

 

[punkin43612]

Thanks GUYS!!! I appreciate The quick Responce!!
I currently have 2 creditors listed on my trusteeship,but i want to add the six payday loans,in order to do that I must petition the judge to do so.The judge could denied my request and i still have to wait for his responce which could take days or weeks which i don't have.I just got another call from another of the payday loans companies whom wants to negotiate,but won't accept anything under a $100 dollars.Which i can't pay.I just don't have the money to pay each of them.This is my dilemma. So Should try to file for BANKRUPTCY IF the judge denies my request?? I really don't want to do that. I will keep trying to negotiate with all of them,while i wait for the judge.Again should i tell the payday loan people about my trusteeship??

Thanks again!!!