How It Works
What is Payday Loan Consolidation?
Before we get to know how payday loan consolidation works, let’s define payday loan consolidation. It’s simply a program that helps you manage your finances, debts, or interest rates charged by your lenders, thereby consolidating them into one manageable payment. Normally, this program is run by a payday loan consolidation company. We can eliminate payday loan debt, consolidate it, and lower its interest rates. In our program we group all of your loans into one low payment. This includes reducing the debt and eliminates any interest incurred. Quick and easy payday loan Relief. Sometimes, it can be frustrating to manage bills, especially when you don’t have a steady income. Bills seem to be pilling up and you might even find yourself with little or no option. However, with a little help from a payday loan consolidation company, you can be debt free. We lower and combine all your debts and provide you with a single manageable payment; so that, you can pay back the loan amounts. How does payday loan consolidation work? Stick along to find all the answers in this blog.
How it Payday Loan Consolidation Works?
How does payday loan consolidation work? Payday loan consolidation program is activated once you seek the services of a payday loan debt consolidation company. Our approved program can get people like you back on track financially and save them a significant amount of money, and, of course, start to rebuild their credit. With our payday loan consolidation program we group your loans into one (working directly with your lenders) and reduce the amount you owe, then you pay back each month part of what you owe in one small monthly payment to us, and we pay the creditors. There is no interest. We utilize a notice of assignment through a limited power of attorney, which takes us from being a third party to being THE party to the debt which allows us to renegotiate your loan totals. Again, most importantly in our program you will not need a new loan to get into the program. And importantly, no business out there assumes the liability of your debt and charges as little as we do for our program. We also start paying your lenders with your first payment. We do not hold money for two or three months before approaching the lenders—which is the practice of most payday loan consolidation companies.
Your lenders will also receive legal notification called an ACH revocation against debiting your bank account, and a notification to stop the collection calls to you. As well, as our client, we will guide you on how to handle the collection calls should they continue.
Our approved payday loan consolidation program can get consumers back on track financially and save them a significant amount of money. In this program we group your loans into one (working with your lenders) and you pay back a dividend of what you owe in one small monthly payment with no interest. We utilize a notice of assignment through a limited power of attorney, which takes us from being a third party to being THE party to the debt which allows us renegotiate your loan amounts. Again, most importantly with our method you will not need a new loan to get into the program. As well, no company out there assumes the liability of your debt and charges as little as we do for our program. We also start paying your lenders from your first payment. We do not hold money for two or three months before approaching the lenders as is the practice of almost all other companies.
A Safe Way Out of Debt | Payday Loan Relief
We offer individuals a way to free themselves from these terrible debt traps. We eliminate all communication between you and the lender. We become the party that will resolve your debt. You stop paying the payday lender and they stop contacting you. We then create a payment plan for you to follow. You still owe some money but you’ll pay less than you owed. You make only one payment to us each month.
We eradicate your debt, by putting you in an affordable payment plan and eliminating most of your debt from the beginning. Do not take out another payday loan. Your are not getting anywhere by doing this endless cycle. Let us help you start eliminating your debt today.
How to Eliminate Payday Loan Debt — Is it Right for You?
You may be in Jacksonville, Cleveland or Dallas or Oakland, and you’re often asking: How do I get out of payday loan debt? Or how do I get out of pay check cash advance debt? These are powerful worries that can affect every aspect of your life, besides the obvious financial. Here at Payday Freedom, we know what you’re going through. Of course, you need good answers to this question. You’re burdened by these pay check loans and the debt situation it puts you in. You’re under constant stress, and your loved ones are impacted. At our offices, calls come in every day of the week from people who are going day to day with burdensome payment demands and very high interest fees. They live all over the country, and call in when they want to finally get rid of these loans. For these questions, we have the best answers and these answers have been proven—working over the past ten years very successfully. We have in place the business network and phone connections to work directly with your lenders. Our team is known as the leading experts in representing you, and the most ethical in the country. Have online payday loans, and want to have them done and over with? How do you get rid of payday loan debt, you ask. Call us as soon as you can to have a welcome talk on how to actually accomplish this. Best national service. Los Angeles. LA. Pasadena. Burbank. Glendale. Riverside. Orange county. Ventura county. In Southern California. California. CA. San Francisco. Oakland. San Jose. Sacramento. SF Bay Area. Florida. Ohio. Texas. Pennsylvania. For Miami. Jacksonville. Philadelphia. Pittsburgh. Houston. Dallas. San Antonio. Columbus. Cleveland. TX. PA. OH. FL. CA.