Prior to pursuing a debt relief program, you would be well-served to understand exactly what kind of debt a particular debt relief company would be willing to include in the process. In most instances, secured debt would not be included in the mix unless it would be a car loan. That leaves what would be considered unsecured debt. Let’s discuss further.
Which Debts Are Eligible for Debt Consolidation or Debt Settlement
Very seldom does a consumer get in debt trouble because of a mortgage. The road to their troubles usually goes through unsecured debt. If you find yourself in of help with payday loan debt or any other kind of unsecured debt, we have programs that can provide you with that help.
To help you better understand the payday loan debt help process, here’s a list of the kinds of debt we might be able to include in one of our debt relief programs:
1. Payday Loans – In a pinch, securing a payday loan might seem like a good idea. Unfortunately, these types of short-term loans only mask an underlying problem. By the time your first payday loan payoff is due, you might suddenly realize you need another payday loan to payoff the current loan. The debt cycle takes hold.
2. Credit Cards – In the wrong hands, credit cards can create significant debt issues. High APRs and low monthly payment requirements often lead to debt issues.
3. Unsecured Personal Loans – Under this category, we include student debt. Even with the best intentions, unsecured personal loans on top of other debt can cause significant debt issues.
If you need help with payday loan debt, you have little time to waste. Your best strategy is to look a debt relief program that provides immediate payday loan debt help as well as help with your other unsecured debt issues.