CONSOLIDATE YOUR
PAYDAY LOAN DEBT
NOW.

There are two kinds of payday loan consolidation. The first kind of payday loan consolidation requires you to take out a new loan to pay off your existing loans. If you have bad credit, this type of loan can be hard to get. The 2nd kind of payday loan consolidation helps you manage the payments on your existing loans, but is not a new loan. That's an important distinction. A debt management plan is the type of loan consolidation that reduces the payments on your loans without having to get a new loan.

Most companies such as RealPDL with a specialty in debt relief and credit counseling do not loan money. We do our best to negotiate lower interest and fees with your creditors and get you in an affordable repayment program with a single monthly payment to cover your debt. That single payment is distributed to your lenders on an agreed monthly schedule with an administrative fee kept by the program. We have extensive relationships to payday lenders in nearly every state, which allows us to negotiate the best terms for our clients, maximizing the money saved over the course of the loan repayment term.

Your creditors are not required to sign on to your repayment program. However, they have strong incentives to cooperate, especially after we kick them out of your bank account -- a loan that isn't repaid doesn't do anybody any good.

Our payday loan consolidation service allows you to get much better repayment terms with your payday loan creditor(s) than you currently have. After enrolling in our payday loan consolidation program, you will make one affordable monthly payment to Real PDL Help which we will then distribute to each of your creditors. The most significant benefit of this type of payday loan consolidation is that the total amount you owe as well as your monthly installments will be substantially reduced. You also do not have to worry about trying to get a new loan.

Payday loan consolidation companies do not provide any information to the credit bureaus. Neither does your debt management plan appear on your credit report. So, signing up for a payday loan consolidation program should not directly affect your credit score. In fact, over the long-term, you could see an improvement in your score as you successfully pay off your debts.

You will make payments to the payday loan consolidation company who will pass on the money to your lenders.

You’re absolutely right to have this concern. If the debt consolidation company takes your money and doesn’t pass it on to your creditors, you could be in bigger trouble than you are now.

So, it’s in your interest to make sure that your payments find their way to the payday lenders you have borrowed from.

How can you do this?

The first step you must take is to ensure you deal with a debt consolidation service with a history of success. Look for a company that has been in operation for several years and has a strong reputation.  It’s inadvisable to sign up with a company that has been recently established. You can’t be sure if they have the experience and knowledge to deal with your creditors.

At REAL PDL HELP, we ensure that the funds we collect from you are promptly passed on to the lenders you have borrowed from. We have helped thousands of Americans escape the payday loan trap. In each of these instances, our clients have been able to pay off their debts quickly and in a manner that is easy on their wallets.

We understand that you want to be sure that your money finds its way to the payday lenders you have borrowed from. Consequently, we provide monthly billing statements and encourage our customers to request their complete payment history at any time.  This documentation is easy and fast to obtain from Real PDL Help and provides you with complete details about the payments we have made on your behalf. It will also reassure you that your money is going to the intended recipient.

Yes, you can! In fact, that’s one of the primary benefits of retaining REAL PDL HELP.

We will contact each of the payday loan companies you have borrowed from and explore ways to reduce your debt. Our debt settlement experts know what works and what doesn’t. You can be sure that we’ll negotiate the best possible deal for you.

Working with REAL PDL HELP can also lead to a reduction in your interest rate. Payday loans typically carry astronomical interest rates. So, a lowering of the rate can result in a significant decrease in your monthly payments.

If you carefully consider the REAL PDL HELP debt consolidation program, you’ll realize that it can carry three tangible benefits:

1.         A reduction in the total amount that you have to pay the payday loan companies you have borrowed from.

2.         A lowering of the interest rate.

3.         The advantage of making one payment every month instead of worrying about paying each of the payday lenders you owe money to.

No.

Yes, they can, but they are unlikely to initiate legal action after you have successfully enrolled in a payday loan consolidation program. Lawsuits can be expensive, and lenders are usually reluctant to sue borrowers who are paying them regularly.

When you have to decide between the two options -- debt consolidation and bankruptcy -- it’s advisable to pause for a minute and understand the implications that each can have on your financial profile. Let’s first analyze how bankruptcy can affect you.

Why you should try and avoid bankruptcy at all costs

The biggest attraction that bankruptcy offers is that it cancels all your existing debt. That can seem to be a huge benefit. But if you dig a little deeper, you’ll realize that the disadvantages can outweigh the advantages. If you are declared bankrupt, these are some of the issues that you could face:

• A bankruptcy filing can remain on your credit report for 7-10 years.
• You may have to adhere to a strict budget for 3-5 years.
• Your credit score will take a huge hit.
• A history of bankruptcy will make it far more difficult to get a credit card, lease a car or buy a home.
• Even if a lender is willing to advance funds, you may need prior permission from the court to borrow.
• Some employers view bankruptcy as a disqualification. So, you may find it hard to get a new job.

The negative aspects of bankruptcy can far outweigh the benefits it provides. Fortunately, there’s a better option.

Enroll in a Debt Management Plan

If you have multiple loans, a debt management plan will combine the loan payments into a single monthly payment that fits your budget. A debt relief specialist will negotiate lower interest and fees and in some cases obtain a settlement. The important thing to realize is that you have options that are not so drastic as bankruptcy. You only have to ask.

What about the effect on your credit score? Does this kind of payday loan consolidation reduce your credit rating? The answer is typically NO. In fact, debt relief plans typically raise consumer credit scores. You are paying back your loans, on time -- the process is just a lot easier.
 
Final word: Debt consolidation is superior to bankruptcy.

If you can’t meet the new payment requirements under the payday loan consolidation plan, you are free to cancel the program at any time. When you do this, you will be responsible to your lenders for the loans you have taken. However, we try to devise our debt management plans to adapt to changing circumstances. If your income changes, we will contact your lenders and let them know of the change and see what can be done about it. In some cases, we can skip a number of payments and keep you on your plan. In other situations, we'll put a new plan in place that fits your budget and is acceptable to the lender.

It’s possible that a lender may not agree to work with a payday loan consolidation company and insist on dealing directly with the borrower. But it is unlikely. Don’t forget that the primary objective of the lender is to get their money back. In many situations, debt consolidation services provide the best possibility of that happening. The alternative can be defaults, lawsuits, and prolonged uncertainty. Creditors don't like anything unpredictable.

Yes! Automatic debits from your checking account by a payday loan creditor after every payroll is a form of wage garnishment. Debt consolidation can put a stop to this. However, if your wages are being garnished due to a tax warrant or default judgment, then the answer is typically no.

At REAL PDL HELP, we have a transparent, easy-to-understand fee structure based on the actual results we obtain for you:

→ There are no advance fees.

→ No fees are collected unless your debt is resolved.

→ Fees usually range from 8% to 20% of the enrolled amount of debt into the program.

→ Fees could vary based on the state you live in.

It can be both annoying and stressful to receive repeated calls from collection agencies. In fact, in some instances, the harassment can be so acute that it can raise your stress levels whenever the phone rings.

Nobody should have the right to hound you like this. At REAL PDL HELP, we’re committed to solving every aspect of the problem you’re in. That includes stopping the annoying phone calls from collection agents.

How do we do this? One of the first steps we take when you sign on for our debt consolidation program is to issue “cease and desist” letters to your lenders. After a lender receives this letter, the constant calls to pay will stop. Instead of calling you, the lender will be required to contact REAL PDL HELP.

Many of our clients view the peace of mind they get when the calls stop as one of the most significant benefits of enrolling for our debt consolidation program.

The debt reduction by joining our program is calculated by comparing the cost of carrying your payday loan(s) in comparison to the amount you repay under our program.  For instance, if your consolidation plan is for an 18 month repayment term with no interest on a principal of $5,000.00, and you were paying a total 50% APR (many payday loans are much worse than that), then you'd save roughly $2,500 in the 1st 12 months, and $1250 in the 2nd year's 6 months.  That's real money back in your pocket.  Check out our customer savings page for how much our customer's debt payments are typically reduced.

If you have borrowed more than you can afford, it can be difficult to get your financial life back on track. People who have taken several payday loans can face a dilemma. When you receive a paycheck, should you use the money to repay the payday loan company? Or should you spend on food or other essentials?

It can be hard to decide. Failing to repay the payday loan could mean higher interest costs. But if you use your paychecks for making loan repayments, how will you meet your day-to-day expenses?

If you find yourself in a similar situation, you could be wondering how you can escape from the payday loan trap?

Fortunately, REAL PDL HELP’s debt consolidation program can provide a solution. We can negotiate with the payday loan companies and arrange to lower the total amount you owe them.

How much can the REAL PDL HELP program reduce your debt?

The reduction in the total debt and the interest rate that is payable varies. Our debt settlement experts follow a process of negotiation that has worked very well in the past.

Several factors play a part in determining the amount that you would finally be required to pay your lenders. The final sum is based on:

-           How much you have borrowed.

-           The terms of the original contract.

-           The repayments you have already made.

-           How much you can afford to pay every month.

Our team has successfully negotiated with payday lenders on behalf of many of our customers. Over the years, large numbers of individuals with loans from multiple payday loan companies have saved thousands of dollars by joining our program.

REAL PDL HELP’s payday loan consolidation service can be the best way for you to get debt-free in the shortest possible time. We will work with you to create a customized repayment program that carries multiple benefits. These include:

Your entire debt will be paid off in a manner that is acceptable to your lenders as well as to you.

In most instances, the repayment period will extend to 6, 12, or 18 months. Of course, the number of months for which the payments will continue will depend upon your total debt and your capacity to pay.

An additional benefit that you could get would be a reduction in the amount you are required to pay. Our debt settlement experts will negotiate with the lenders to lower the amount you owe. This will result in smaller monthly payments and a shorter repayment period.

REAL PDL HELP’s clients get a third benefit, as well. We could work out a lower rate of interest for you with your lenders. This means more money for you and less for the payday loan company that you had borrowed from.

So, you’ll get more time to repay, and the total sum payable could be far lower than the figure you anticipate.

You will be required to pay REAL PDL HELP. We will immediately pass on the money to your lenders under the terms of the payday loan consolidation plan.

We’ll be happy to help you if your payday loan debt is $600 or more.

You can be sure that your new monthly payment will be a fraction of the sum that you are currently required to pay your creditors. Typically, this amount will be 10% to 30% of what you were paying before.

How does debt consolidation reduce monthly payments?

Your payday loans likely carry a high rate of interest. This leads to an increase in the sum that you are required to repay the lender. If you opt for debt consolidation, you could benefit in two distinct ways:

1. Your borrowing cost will come down. A reduction in the rate of interest will result in a lower principal and lower monthly payments to pay off the principal.
2. The second benefit arises from an increase in the repayment period. If you pay back your loans over a longer time frame, the sum payable every month can be reduced because it's spread out over the longer time period.

When you combine these two benefits, you see a significant reduction in monthly payments.

How much of a reduction can you expect?

Typically, the sum you will have to pay could be as little as 10% to 30% of the amount you were paying earlier.  The exact amount depends on our negotiation with the payday lender(s), but we strive for the biggest reduction possible to fit your budget.

We can help you consolidate and repay your payday loans.

After the payday loan consolidation program commences, most lenders will stop contacting you. However, there is a possibility that a lender may prefer to deal directly with the borrower.

If this happens, ask their representative to contact REAL PDL HELP. We will negotiate and try to convince the lender to deal with us instead. In the unlikely event this doesn’t work, you’ll have to continue interacting with the lender. They will probably offer you different repayment options to repay the debt you owe.

We can start today! All you need to do is to provide us with some information or call us on 1-855-413-4998.

REAL PDL HELP provides monthly statements to all its customers. You can also call us to get the current status of your account.

It isn’t necessary to close your checking account. Many people think that closing the account is the best way to stop lenders using the ACH permission you gave them when you took the loan.

However, that’s not true. The lender can be prevented from taking money out of your checking account, even if it remains open. This can be done even though you have provided ACH permission.

Let’s understand how the withdrawals can be stopped. When the REAL PDL HELP loan consolidation program starts, the lender is informed that you are taking away the withdrawal rights. Once the lender receives this communication and acknowledges it, your money is safe in your checking account.

However, there’s a caveat that you should be aware of. It may take some time for the withdrawals to stop as there could be procedural delays.

Does this mean you should not close your checking account? Not necessarily. If you still want to, you should go ahead and close it. However, it’s better to inform your banker before you take this step. Tell them that a payday loan consolidation company is working on your behalf, and you’ve instructed them to withdraw the ACH permission.

Why should you inform your banker?

Keep in mind that the loan company that you have borrowed from may persist with trying to withdraw money from your account. If they do this and your account is closed, you could be required to pay certain charges. But if you have kept the bank informed, it could be easier to dispute the charges.

We’ve made enrolling in the REAL PDL HELP debt consolidation program as easy as possible. There are two ways to register. The first is to pick up the phone and call REAL PDL HELP at 1-855-413-4998. Please speak to one of our debt settlement experts to understand how we can work together.

Alternatively, contact us by filling out our free consultation form. Just provide us with a few simple details like your name and email address to get started.

Take the first step and get in touch. We’ll help you consolidate all your payday loans and work out a program that allows you to become debt-free in a surprisingly short period. And the best part is that you could be paying far less than what you currently owe to your lenders.