This Article is About
payday loan
debt consolidation program
payday lenders
nut shell
wits end
payday loans
credit rating
miracle
lawyer
job
How To Pay Off Payday Loan Debt
Join 1000's of Authors at StreetArticles Today!

How To Pay Off Payday Loan Debt

The 7 words from payday lenders that get people into so much trouble –

Need cash fast? No credit? No problem!

Wrong BIG problem!!

I get calls and emails from people every day that are in what they call “payday loan hell”

They thought getting a payday loan would solve their problems and sure it probably did solve their current problem, but it set them up for a whole new set of problems that they never saw coming.

So by the time people call or email me they are in so over their heads in debt with these payday loans they’re at their wits end and I mean ready to explode!!

Some of the stuff I hear people thinking of doing is really crazy sometimes. But I get it they are freaked out. Part of my job is calming people down and letting them know they have options and this can all be taken care of.

They simply have to do what is asked of them and I don’t mean what the lenders are asking them to do, which is paying jacked up out of this world interest rates and goofy fees.

There are a few options for people but many don’t qualify because it depends on their credit rating and availability of providing collateral.

Well think about it, if they had better credit they could have gotten a loan from their bank or credit union – but they don’t have the qualifications needed so they are at the mercy of the payday lenders.

With that said if you are the one of millions of people caught in payday loan debt there is a program that everyone qualifies for – and the reason everyone does is because your credit doesn't matter and you don’t need collateral.

What is this miracle solution?

It’s a called payday loan debt consolidation program.

In a nut shell the company providing this program takes over your loan(s). They do this so the lenders have no choice but to deal with them now – so you are out of the picture – think of it as having a high price lawyer to speak on your behalf.

Then they re-negotiate your loan payments with all your lenders and get you a monthly payment that is way lower than what you'e paying now for all your loans combined.

They will get all the fees and interest stopped on your loans; you’ll end up paying only what you borrowed.

And if they have to they can also send all your lenders a cease and desist order stopping the lenders from calling and harassing you.

It’s a beautiful thing, and it’s a win, win – you get out of payday loan debt and the lenders get paid.

So like I said if you are in payday loan hell go find a legitimate company that offers a payday loan debt consolidation program and end your debt right now!!

Hope you found this article helpful – feel free to share it.


Street Talk

No comments present
You May Also Like
Eliminating Payday Loan Debt - People Targeted for Scam
The documentation that businesses and databases maintain in the modern era is something that many people fear. Many of the things that every person does on a regular basis are documented and used in order to sell products or services. Sometimes the data is even used in order to scam…
By: David Schmidt in  Finance  >  Debt Management   Jul 18, 2012  
8
  Likes: 7

Payday Loan Laws In Oregon
As one of the most progressive states in the United States of America, Oregon has hit the nail on the head for payday loan laws. Their protection has made sure that many of the consumers in the state are not only protected from predatory lenders, but are also protected from…
By: David Schmidt in  Finance  >  Debt Consolidation   Oct 02, 2012  
7
  Likes: 8

Payday Loan Hell
In the Christian religion, and some other Judeo-Christian religions, the concept of “hell” has taken root. Many people fear hell in the afterlife and therefore maintain good relations while they are living. However, the people who are suffering with families every day are in their own type of hell on…
By: David Schmidt in  Finance  >  Debt Consolidation   Aug 30, 2012  
28
  Likes: 13

How Do I Get Out Of This Payday Loan Trap?
Working with payday loan clients, I have heard a lot of sad stories in my day. Without a doubt the worst stories are from parents who have responsibilities and have still fallen into the payday loan trap. I dread hearing “how do I get out of this payday loan trap?”…
By: David Schmidt in  Finance  >  Debt Management   Nov 02, 2012  
4
  Likes: 7

Missouri Getting Help With Payday Loan Debts
It is a well known fact that the payday loan industry funnels millions of dollars into the campaign treasure chests for many different Congress men and women. In fact, one of the states that has the biggest industry of payday lenders is the state of Missouri. They have been able…
By: David Schmidt in  Finance  >  Debt Management   Aug 10, 2012  
13
  Likes: 11

How Can I Get Out Of Payday Loan Debt?
In the consolidation business you hear a lot of people asking “how can I get out of payday loan debt?” and the answer is always the same: through hard work! Still, there are some simple tricks that you can use in order to get rid of this debt. This is…
By: David Schmidt in  Finance  >  Debt Consolidation   Oct 31, 2012  
2
  Likes: 3

Gift Giving And Payday Loan Debt
Although it may sound like a stretch to discuss giving gifts and payday loan debt in the same sentence, the two can be very closely related. Birthdays and holidays can be a huge financial drain on resources during some of the most crucial parts of the year. Right when the…
By: David Schmidt in  Finance  >  Debt Consolidation   Jun 26, 2012  
9
  Likes: 5

Payday Loan Laws In Florida
If you are thinking of getting a payday loan and you live in this state you need to check out the payday loan laws in Florida before you take the plunge. They are very much lender friendly and are set up around existing lender laws so they can legally do…
By: Shawn Lee  in  Finance  >  Debt Consolidation   Oct 29, 2012  
13
  Likes: 6

How to Get Rid Of A Payday Loan Fast
Anyone who has gotten into payday loan debt is aware of the negative affects it can have. Not only is credit destroyed, but stress can become an ever-present problem in your life that simply does not go away. The additional interest rates will continue to plague you and your family…
By: David Schmidt in  Finance  >  Debt Management   Dec 08, 2012  
5
  Likes: 5

Help Payday Loan Debt
There are many ways that you can help payday loan debt, but the first is to avoid it altogether. This might sound counter intuitive, but we are going to use this article to help you to avoid debt altogether so that you never have to worry about this crushing problem.…
By: David Schmidt in  Finance  >  Debt Consolidation   Jan 31, 2013  
2
  Likes: 4

Payday Loan Help In New York
Millions of men and women have been affected by the recession in 2008, but that does not mean that debt and other issues have to be a major concern. The people of New York were especially hard hit due to the fact that they were in the financial capital of…
By: David Schmidt in  Finance  >  Debt Management   Sep 28, 2012  
3
  Likes: 7

Help With Payday Loan Debts
Men and women are increasingly looking at bank and payday loan statements in bewilderment. Almost no other industry could get away with the type of abuse that they are able to get away with when it comes to interest rate payments. These types of payments are nearly impossible to pay…
By: David Schmidt in  Finance  >  Debt Management   Oct 02, 2012  
5
  Likes: 6

Virginia Payday Loan Laws
As one of the first states in the nation, Virginia is always looked to as one of the examples when they create their laws. In the case of payday loans, this is also the case. Virginia payday loan laws are not very complicated to understand, but many people do not…
By: David Schmidt in  Finance  >  Debt Management   Oct 05, 2012  
6
  Likes: 7

Online Payday Loan Traps, Have You Been Caught?
Kind of a catchy title, "Online Payday Loan Traps, Have You Been Caught?" unless you have been caught. There are traps to be watched out for when using these companies that will make them very wealthy and you very poor, all in a very short time. My story today is…
By: Shawn Lee  in  Finance  >  PayDay Loans   Jan 30, 2013  
22
  Likes: 19

Payday Loan Debt Help – How to Rid Yourself Of Those Loans
The American economy has been so poor for the past four years that many families are having serious trouble maintaining a family. There are many Americans who have been unable to keep their job through this downtown and the unemployment rate does not seem to be decreasing much every month.…
By: David Schmidt in  Finance  >  Debt Consolidation   Jul 21, 2012  
12
  Likes: 8

Article Views: 1036    Report this Article