Payday Loan Laws and Possible Legislation

I recently read and  article posted by “Collections Recon”  in regards to possible changes to the payday loan industry. These companies are agressively lobbying congress in order to keep from being regulated. They actually claim that these loans are actually aiding customers and helping to revitalizing the economy. The problem is we have hundreds of clients who have gotten stuck in the payday loan trap and have no way to get out.  The interest rates and fees being charged are extremely high. Our firm has even see one online payday lender charge upwards to 1075% APR! 

How to Understand a Payday Loan Default

Many consumers who have taken out a payday loan have experienced a payday loan default. With that being said payday lenders are notorious for charging outrageous fees and interest and payday loan companies can receive an APR of 36% or more. A number of lenders may offer extensions or may be willing to negotiate a bills due date, nearly all will penalize a missed payment by placing a loan in default and most will take legal action against the client.

What is Payday Loan Consolidation and How Does it Work?

Payday Loan Consolidation is a specific program created to help people who are struggling with payday loan debt due to incredibly high amounts of interest and fees. Our  program will allow you to resolve these debts with out the traditional need to have equity or collateral to qualify for this program which traditional debt consolidation requires.

Anyone with over $1,000 in  debt may qualify for Payday Loan Consolidation and stop unwanted harassment from creditor phone calls.

In as little as 6 months you can become debt free and enjoy financial independence again!