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You might be wondering what is a payday loan? A payday loan is an advance on your next paycheck. You get money to help with expenses or emergencies, and you repay the money when you receive your next paycheck. Payday loans are very popular because they’re quick and easy. But the rates are usually lower than other types of loans. However, these short-term loans can become expensive if you don’t pay them back on time or in full.
Payday loans even thought they provide easy and quick cash, they can be your worse nightmare. When you apply for a payday loan you are entering a financial battle with the lenders. The point of payday loans is to keep the customer on a constant loan cycle which trap the customer with payday loan’s super high interest rates.
Payday loans are very expensive, here is a perspective. High interest credit cards charge borrowers an APR of 28 – 36%, but the average payday loan’s APR is 398%. Payday loans are a financial quicksand which sound good at first but deadly after getting one. Also some payday lenders want the right to access your bank account to garnish your income if loan is not paid.
Borrowing costs can soar in a short amount of time, cash-strapped borrowers will often return to the lender saying that they don’t have the money to repay the loan, something lenders actually like to hear. They will offer an extension, known as a roll over, that will give you another two weeks to repay the loan with the catch that you must pay other fees.
Payday lenders know what they are doing when they make their pitch to us. They say that they can help us out of our bind with some payday loan help. Just a little extra cash that is transferred into our bank account today is all that we think we need to get buy. It is an easily alluring prospect for many of us. However, it is a ploy that does not work out for us nearly as well as we hope or dream that it might. The reality is that payday loans have some of the highest interest rates of any kind of debt that you could ever have.
Payday loans have a tendency of having high risks, but depending on the situation it can help through the circumstance, the bottom line on payday loans is that you try to find an alternative. If you must use a payday loan, try to limit the amount and borrow only as much as you can afford to pay with your next paycheck, and of course still have enough to make it to next pay day.
The best approach is to prepare as much in advance as you can since emergencies can happen at any time. That way, if you do experience financial hardship such as medical bills, job loss, unexpected car repairs, etc., you’ll be able to either borrow the money through a high quality loan product or credit card, or have the money saved to cover what you need.
Reduce Your Monthly Payments
Consolidate Multiply Payday Loans
Lower Your Interest Rate
Terminate All Late & Over Limit Fees
Stop The Harassing Calls From The Lenders
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Consolidate All Your Payday Loans
Payday loan consolidation is taking an action to roll the loans that you have outstanding at the moment into one smaller payment that you make going forward. In other words, you are borrowing again but at a much lower interest rate. In addition, where you might have a handful of different payday loans out at this very moment, you can roll many of them up into one simple payment that is easier for you to make so that you actually do make that payment and don’t have to keep struggling with the payday loan cycle.
Payday loan relief might make it possible for you to actually pay a lot less over time on the loans that you have outstanding already. You are rolling them into one payment which may be easier for you and prevent more borrowing. At the same time, you can get a much better interest rate in many cases that keeps the total amount that you pay back on these loans down to a minimum.
Consolidating all your payday loans can turn out to be a much needed relief to ease your monthly payments. If you are overwhelmed with high monthly payments then the benefits of Consolidating Payday Loans is that we can combine all your payday loans into one easy and flexible monthly payment while reducing the accumulated interest rates.
Also consolidating your payday loans will prevent the lenders from touching your bank account, no one likes when others touch your money, so why let the lenders do? prevent them by consolidating your payday loan debt which will stop all the harassing calls as well as give you peace of mind.
Keep in mind that when you Consolidate Payday Loans, you are dedicated to finally get out of debt and you must sacrifice a year financially to finally start fresh once again. It’s time to gain back control of your finances and remember to save money.
First, we begin with a free consultation to review your financial situation. We’ll learn about who you owe, how much you owe, and what your overall financial gain/expenses is like. We’ll discuss which options would be best for assisting you in repaying your payday loans and plan avoiding payday loans so that you truly break the expensive and stressful cycle of payday loan debt.
Once we determine that we can work with your payday loan lenders, and enroll in our Payday Loan Relief Program, we’ll contact the lenders directly and work out a negotiated consolidation arrangements. You’ll then make more affordable monthly payment until your loans are paid in full.
One issue many individuals face when trapped in payday loans is that they may feel embarrassed or shame for their finances spiraling out of control. We want you to know that our skilled counselors are here to prevent this situation from occurring again. We believe it takes strength and courage to face such challenges head-on. Rest assured our staff will be there to guide you every step of the way.
Do You Need Payday Loan Relief? Payday loan debt would make an old school Las Vegas loan shark blush. Even they were not nearly as aggressive or willing to take as much advantage of people as those who work in the payday loan industry are these days. It is because of this in fact that so many get into the messes that they do in the first place. They are sold a bill of goods, and when that does not work out, they are left holding the bag with all of the payday loan debt.
You can do something about your payday loan debt. Give us a call or fill out the form so you can regain your financial stability with our payday loan help!
The idea of payday loans has made people desperate to get some quick cash. At that point, the endless loop starts and they don’t have the idea about how to pay off the debt. Even if you pay off the debt, you are in short of cash then another new cycle start. After that, you have to take another payday loan to fix it. It goes on over and over. We can help you to get out of this cycle by our top rated payday loan consolidation programs designed for individual like you.
There are millions of people who are struggling to make ends meet out there. The reality remains that many of us do not know how we will ever get to a point where we are able to pay all of the bills that we have and also do some of the other things that we want to do in life.
For far too many Americans the reality is that they must choose between paying certain bills or paying other bills. The stress is enormous and a lot of people work many hours per week just to end up with nothing to show for it. This is why sometimes those people turn to payday loan lenders.
Our strategic Payday Loan Relief programs are designed to settle all of your debt. Time is the matter here. Don’t waste your time thinking about what to do. Give us a call to learn more about our programs.
We understand that this may be a very confusing and frustrating time. Our company will hold your hand throughout the entire process. You can finally rest your head at night knowing that you are working with a company that specializes in eliminating and settling UNSECURED DEBT.
Being in debt to the payday lender can be a very isolating experience. Those who are dealing with this may feel that they are all alone in their struggle. Worse yet, they may feel foolish for ever having borrowed from that lender in the first place. It may make them feel like there is no one out there who can understand. What they need to realize is that payday loan help is out there and resources are available to them.
Many others have faced similar problems when it comes to payday lenders in the past. It has become such an issue in fact that many now that these help services have sprung up all over the place. It is nice that they exist because it means that many more people can get the assistance and answers that they need.
Payday Loan Relief Truths – To make the point crystal clear to you, you should understand that payday loans are literally banned by law in certain states. It is not legal to charge that high of an interest rate or use the lending terms that these lenders do in a number of places. Those terms and rates are considered abusive by the states that have forbid it, and that is why you will find that they do not allow it. However, there are places where you can still get one if you need one.
The truly terrible thing is just how easy it is to apply for and receive your cash. It might sound like this is just good customer service and effectiveness in a business model, but that is not exactly the case. The industry just wants to get those loans in the hands of their customers as quickly as possible before they can really sit down and think about what they are taking on with this type of loan. It is a way to have them sign up to terms and conditions without giving it another look over just in case.
There is cycle that many payday loan borrowers go through. It is a cycle out of which many find it very difficult to escape. The cycle is one where they are constantly borrowing more payday loans in order to pay off the ones that they already have outstanding. Of course, this just puts them farther into payday loan debt & Credit Card Debt as they end up having the same financial troubles that they had before in the first place. It makes the mountain that much harder to climb.
A lot of people look at that mountain and see no way to get past it. Some take the action to declare bankruptcy in court. This might seem like a solution to them at the time, but of course this is just a Band-Aid on the problem. Bankruptcy ruins a person’s credit for a long time to come, and that in turn makes it a lot harder to get some of the things in life that we all need from time to time. Sadly, some people get into such a desperate state of mind that they even take their own lives. That is how potential dangerous borrowing money like this can be.
Instead of going down any of those paths, it is best to look at payday loan relief and payday loan consolidation programs that are available in your area. These types of programs may help you achieve what you thought was impossible and actually put these payday loans to rest once and for all.
Being in debt to the payday lender can be a very isolating experience. Those who are dealing with this may feel that they are all alone in their struggle. Worse yet, they may feel foolish for ever having borrowed from that lender in the first place. It may make them feel like there is no one out there who can understand. What they need to realize is that payday loan help is out there and resources are available to them.
Many others have faced similar problems when it comes to payday lenders in the past. It has become such an issue in fact that many now that these help services have sprung up all over the place. It is nice that they exist because it means that many more people can get the assistance and answers that they need.
Payday Loan Relief Truths – To make the point crystal clear to you, you should understand that payday loans are literally banned by law in certain states. It is not legal to charge that high of an interest rate or use the lending terms that these lenders do in a number of places. Those terms and rates are considered abusive by the states that have forbid it, and that is why you will find that they do not allow it. However, there are places where you can still get one if you need one.
The truly terrible thing is just how easy it is to apply for and receive your cash. It might sound like this is just good customer service and effectiveness in a business model, but that is not exactly the case. The industry just wants to get those loans in the hands of their customers as quickly as possible before they can really sit down and think about what they are taking on with this type of loan. It is a way to have them sign up to terms and conditions without giving it another look over just in case.
There is cycle that many payday loan borrowers go through. It is a cycle out of which many find it very difficult to escape. The cycle is one where they are constantly borrowing more payday loans in order to pay off the ones that they already have outstanding. Of course, this just puts them farther into payday loan debt & Credit Card Debt as they end up having the same financial troubles that they had before in the first place. It makes the mountain that much harder to climb.
A lot of people look at that mountain and see no way to get past it. Some take the action to declare bankruptcy in court. This might seem like a solution to them at the time, but of course this is just a Band-Aid on the problem. Bankruptcy ruins a person’s credit for a long time to come, and that in turn makes it a lot harder to get some of the things in life that we all need from time to time. Sadly, some people get into such a desperate state of mind that they even take their own lives. That is how potential dangerous borrowing money like this can be.
Instead of going down any of those paths, it is best to look at payday loan relief and payday loan consolidation programs that are available in your area. These types of programs may help you achieve what you thought was impossible and actually put these payday loans to rest once and for all.
Debt consolidation loans are one of the most popular debt solutions out there, but it’s not always the best option. While these loans provide you with the potential to decrease your interest rate, minimize the number of payments & save money in the long run, they might also be detrimental to your credit for a little bit.
Finding alternatives to pay back your payday loans can be a bit risky, keep in mind that not everyone is there to help individuals get out of debt, some companies will sell you snake oil which promise you false hopes and at the end they never pay back your debt or did something totally different, don’t fall for these false companies. If you really need debt assistance but don’t want consolidation, then there are these other options.
Before making that all important decision to take measures to combat debt issues, it’s incumbent on the consumer to make sure they understand their options. Any comparison between debt consolidation and bankruptcy has to start with a thorough understanding of the long-term effects of bankruptcy.
Prior to any celebration about the total elimination of debt from bankruptcy, it’s important that the consumer take into account how their life and personal finances will be affected in the future. For the most, bankruptcy will linger as a financial cloud overhead for as long as 10 years.
The negative impacts are many. These impacts start with significant damage to one’s credit score. With a bad credit score, it’s near impossible to secure any kind of loan for the duration of the time the bankruptcy sits on the consumer’s credit report. That bad credit score could ultimately have a profound effect on one’s ability to rent an apartment or qualify for employment.
At the end of the day, bankruptcy will serve as a significant financial burden into the future.
The debt consolidation process allows the consumer to wrap all their outstanding unsecured debt into one loan. That one loan is much easier to manage in terms of only having to make a single payment every month. Such a loan could carry with it a lower aggregate interest rate as well as a lower aggregate monthly payment amount.
As for the effect such a loan would have on the consumer’s credit rating, it would be significantly less than the impact of bankruptcy. By the simple fact the consumer will ultimately be honoring their debt, the effect on their credit score will be less for a shorter period of time. In short order, the consumer could be able to secure loans to cover emergencies.
Conclusion: By far, loan consolidation is the best option.
No, you don’t HAVE to close your checking account. National Payday Loan Relief Consolidation program will not require that you close your checking account as part of the program. The way that payday loans become problematic is when they debit money from your account with the ACH withdrawal permission that you signed when the loans were originally taken out. Sometimes, the money is withdrawn days before the actual agreed upon date. Once they have access to your account, it can seem impossible to stop the vicious cycle.
When the National Payday Loan Relief consolidation program becomes involved on your behalf, there is a revocation of those privileges that is sent to the original lender letting them know that they no longer have permission to withdraw funds. This is a legal and binding document once it’s acknowledged. The problem with the payday loan lenders is that it may take a pay cycle or two before the lender actually honors the request to stop withdrawing money.
Because of this, there are times that people choose to voluntarily close their checking account and remove all funds so their money is safe for sure and not in danger of being taken from the account. If that’s the choice that you make, speak with your bank first. Let them know that you are working with a consolidation company and that you have revoked ACH withdrawal permission. That way, if you close the account and they do try to withdraw money, you can dispute the charge and won’t be charged overdraft charges.
One of the most frustrating parts of being in debt is endless calls from lenders. While it’s understandable that they would want to receive the money that they are owed, being harassed about payments can make an individual feel overwhelmed and scared to answer the phone.
At our offices, we are passionate about helping those in debt not only reduce what they owe and start to work toward becoming debt-free, but we also recognize that cutting down on harassing phone calls is part of the solution. When you partner with us by joining our debt consolidation program, our first course of action is to send letters to all your lenders. These letters are called “cease and desist”, and ensure that you are no longer bothered by annoying phone calls.
When you join our program, we become the primary contact for all your debts. By eliminating your annoying phone calls, we can help you to break free from the pattern of fear and destruction, making you able to once again answer your phone in peace.
Our main goal is to stop phone calls from bothering you and end the possibility of lenders accessing you bank account.
If you are tired of being hounded by debtors, then our debt consolidation program is for you. We work to end the harassing calls while providing you with the tools you need to become debt-free in a reasonable amount of time. Contact us today to discover more about our programs and what we can do to help you!
Sometimes the terms surrounding debt programs can be very confusing to individuals. While the terms “debt consolidation” and a “debt consolidation loan” may sound like the same thing, they are actually very different. A consolidation loan means that you are simply taking an existing debt that is unsecured and making it secured by offering some type of estate such as one’s home.
On the other hand, a simple consolidation of debt means that all the money that you owe is gathered into one large loan. The purpose of consolidating your debt is to lower the amount of interest that is being collected each month, and make payments more manageable. The program take all loans and combine them into one easy payment.
Of the two, debt consolidation loans are by far the most risky option. When you take out a consolidation loan, you are putting your home or business on the line. In cases where meeting a payment isn’t possible, lenders have been known to immediately seize property and put homeowners out on the street. To prevent being thrown out of their home, most people turn to additional loans and credit cards which only bury them father under debt. In serious situations, the loan may result in bankruptcy and even home foreclosure.
To best understand how to limit your debt load and become debt-free, contact someone with our offices. Let us show you how a consolidation plan can help your life and steer you toward your financial goals.
When you work with National Payday Loan Relief, we’ll give you a plan to consolidate your payday loans. Since the plan will be customized to your specific situation, the exact length of time it will take to become debt free will vary depending on how much you owe and how much your monthly payments are. Many of our plans are for 6, 12, or 18 months; each payment plan is personalized to the customer.
We work with customers who have $600 or more in payday loan debt. Some clients have thousands of dollars to pay, and/or several payday loans. When you consolidate multiple payday loans, you’ll send just one simple monthly payment. When you make that payment, we immediately pass on the money to your lenders. This is a very effective way to pay your debts efficiently and with an affordable monthly payment.
The good news is, we work with lenders to negotiate reductions in the amounts you owe and the interest rates you pay. Our customers have seen huge savings as a result of consolidating their loans with us. Some have saved thousands of dollars, and this has allowed them to pay off their loans much sooner than would otherwise be possible.
Because we are often able to reduce your total debt amounts, as well as interest rates and the monthly installments you pay, becoming debt free is more possible than ever. Becoming debt free is a huge financial milestone, and we work to make the process more affordable and less complicated. We look forward to working with you.
Debt consolidation is a simplified debt refinancing method in which you take out a singular loan to compensate several other creditors. Although this approach of payday consolidation can be a less complicated form of debt repayment, many individuals wonder how they can keep track of which creditors are being paid. Fortunately, modern consolidation companies offer a number of ways for you to keep track of the activity associated with your accounts.
Several credit consolidation organizations provide consumers with a digital account summary that can be viewed through an online portal. These portals can typically be accessed by registering with information such as your account number, social security number, or other identifying information. Most online databases like these give a detailed history of which offers the consolidation company has made, and which creditors have responded. By consistently keeping track of this information, consumers can stay up-to-date with which payments are being administered.
If you’re looking to track your payday loan debt consolidation history with an alternative route, you can always call the company directly and request a full report of the contact history between the payday consolidation company and your creditors. If you request this over the phone, then the company will likely send you a physical print out of the history through the mail. If you’ve asked for the documentation through email, then they may be able to send it as a secured attachment.
As a contracted client, you are always permitted to request the payment history related to your account. Knowing that the consolidation company you’ve hired is maintaining consistent communication with your creditors is vital in the debt refinancing process. The security of knowing that your debts are being taken care of promptly and efficiently should always be provided by the company you invest in.
When you decide to consolidate the amount that you owe on your payday loan, you probably are already feeling overwhelmed by bills and unable to keep up with your payments. Thankfully, consolidating these debts can actually help you by not only combining all that you owe into one easy-to-manage payment, but it can also lower what you owe along with lowering the exorbitant interest rates that you may have accrued.
When you team up with our consolidation services, our team members will get in contact with your lenders and work to reach an agreement with them that will lower the amount of money that you owe. Along with lowering your debt load, we also help to lower the amount of interest that is accumulating by lowering the interest rate that is due each month.
After getting your payday loan debt consolidated, you can expect to see one monthly payment that is much easier to keep up with and is a more manageable amount of money due.
By lowering your debt load along with your interest rate, you can put your money toward paying down what you owe and starting the journey toward becoming debt-free.
Contact our offices today to discover how we can help you through our consolidation programs. Our team will happily explain the ways that we can reduce the money that you owe, making your life simpler and more enjoyable as you work toward financial freedom.
To enroll in our debt relief program, simply complete our form for a free consultation or contact us by phone at 1.855.413.4998. Our application process is simple, fast, and free! Once you have submitted the details of your existing loan, along with an overview of your current financial circumstances, our team of experts will start working on your behalf to get you on the road to financial freedom swiftly.
Dealing with debt all alone can be stressful. Debt relief can help to change the terms of your debt in addition to the amount you owe so that you can get back in control of your finances. Debt relief programs will negotiate with creditors on your behalf to reduce what you owe and restructure the debt so that you can get out of debt faster.
We work to help reduce your monthly payments and consolidate multiple debts. You may be able to lower your interest rates and put an end to all late and over the limit fees. Our payday loan debt relief program can help you put an end to harassing calls from lenders. Bankruptcy is not the only solution to overwhelming debt. You have options and can live a debt-free life.
We can help you consolidate and reduce the amount you owe. We can help you make a low monthly payment and put a stop to automatic debits to your bank account. Our debt relief program can help you avoid bankruptcy and lawsuits. We offer expert credit counseling help and help you to improve your credit.
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Had $1,925.28 total in payday loans, and was paying $481 a month! We set him up on a payment plan of $156 a month for 4 months to become totally debt free.
Had $4,080 total in payday loans, and was paying $1000 a month in fees alone! We set her up on a payment plan of $145 bi-weekly for 9 months to become free!
Had $1,227 total in payday loans, and was paying $204 a month, and we set him up on a payment plan of $105 monthly for 103 months to be free of his debt!
Living life with payday loan debt can feel like you are drowning with the constant thought about debt collectors calling you and fear of how this will impact your financial freedom. Each day that passes, your debt increases, and so does your stress.
At NPDL, we have programs that can help ease your mind by taking care of your payday loan debts. These programs can lower the amount that you owe, lower the interest rate of what you owe, and get you out of debt sooner than seems possible.
Negotiating with lenders and working something out with them to help you pay off your debt is what we do, and we do it well. Not only will you be able to get out of your debt, but this could mean a smaller repayment plan per month!
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