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!

If you are one of millions of Americans stuck in the payday loan trap, our credit counselors will help you get out of debt quickly and cost effectively. Our services include:

• Assuming the liability of your payday loan debt
• Putting a stop to high interest and fees compounded into your debt every 2 weeks
• Negotiating with your payday lenders to get you out of debt quickly
• Setting up and affordable repayment plan to suit your needs
• Providing instructions on how to deal with collectors
• Stopping automatic debts from you bank account each payday

How Does Payday Loan Consolidation Work?

This Payday loan debt relief program will help you pay off your payday loan debt in as little as six to twelve months, depending on the amount of debt and your financial needs. We utilize a “notice of assignment”, which takes us from being a normal third party to being “THE” party, allowing us to challenge consumer laws resulting in the ability to offset the debt.  A very important part of what we do is to revise the contract in which your payday lender can no longer charge for high interest and fees while you are in our program. This will allow your payments made to actually pay the principle of the loan and not pro long the debt with high interest and fees which can end of costing you 2 to 3 times the amount you borrowed.

As part of our detailed negotiations we will inform your payday lenders that we are assuming the liability for the debt. The payday lenders will also receive a legal revocation against debiting your bank account, and a legal notification to stop the phone calls to your home, workplace etc. We will also teach you how to properly deal and log the collector calls if they continue.

In some cases, we not only eliminate the interest you pay but settle the debt for less than the current balance. Our processing team works each case individually to determine your eligibility and, if you qualify, we will negotiate the payday loan debt at a substantial savings.