Before I answer that question - here's a story you may relate to.

So I get another call from another poor soul, actually it was a couple this time. And they have gotten caught in the payday loan trap horror show – I call it a horror show because it just rips lives apart.

And it is usually the same story – life was just buzzing along not too much craziness going on – just the same old stuff, and out of nowhere a financial emergency drops in their lap.

This time it was a medical emergency and like many people they don’t have insurance – well how can they it costs so much.

So now they are suck with a $1300 bill and they don’t have the money to pay it. They tried friends and family and any everything else but no luck – everyone they knew are tapped out or just getting by.

So one night they see a commercial for payday loans, the terms sounded great and it would solve their problem – so the next day off they go and get the loan – and here is where so many people make the mistake with payday loans – they DON’T read the contract.

These companies want all their money plus interest and fees for the loan in two weeks. Well let’s be real here if you don’t have the money now what are the chances you’ll have it in two weeks?

So like so many other people they roll the loan over for two more weeks to buy themselves some time – well two weeks go by and no change – so let’s roll the loan over again.

But now they have to have the money in two weeks because the company can’t roll the loan over again – and this is where the trap starts they go get another loan from another company to pay off the first loan.

Well the long and the short of it is this repeats itself over and over again, they get more loans and before they know it they are so deep in debt they are thinking of filing of bankruptcy - thank god they call me before they did that - there is no need to do that.

I very shaky voice on the other end of the phone says “we are at our wits end, we can’t do this anymore – we need help badly, can you consolidate payday loans?

“Yep you sure can” – I replied – and I heard a sign of such relief – that’s why I do what I do.

I told her it’s not really a loan – it’s a payday loan debt consolidation program that you will be getting involved with.

The consolidation company will contact all your lenders, comes up with a new re-payment plan – and stop all the interest and the fees.

You will now pay the consolidation company once per month and then they will pay your lenders – depending on how much you owe will determine the length of the consolidation program – it’s either 6, 12 or 18 months.

Problem solved and your life is back to normal.

And here comes the best part - I get told I'm a life saver and how can they thank me? Thanking me is easy - NEVER get another payday loan. As for a life saver not sure about that - but I do love the complement.