Consolidate Payday Loans: The Ultimate Guide
to Payday Loan Relief
With over a decade of experience in the field, we know the payday loan industry inside and out. We don't do credit card debt or any other kind of debt. We help people recover from payday loan debt. Not all debt relief companies specialize in payday loans like we do. The experience and singular focus can equate to thousands of dollars saved.
Check out our payday loan map of US States -- we know what consumers are going through state by state. Loan amounts limits and APR caps, where a payday loan is legal and where it's not. Some states don't allow payday lending at all and others allow it but require lenders to be licensed. In certain states, if a payday loan is made by a business that is not licensed in that state, the payday loan may be invalid and/or illegal. In that situation, the lender may not even have the right to require the debtor to repay the loan. We can help identify if your lender is licensed and ensure you don’t pay a dime more than you need to!
Whatever your circumstances, getting payday loan help is fast and easy! If you're like most of our customers and have multiple payday loans with skyrocketing fees, we can enroll you in a debt management program in as little as a day, with the following powerful benefits:
- automatic debits eliminated
- collections activity stopped
- repayment simplified with a single, affordable monthly payment
- fees and interest eliminated
- repayment period extended to make it easier to save money and pay off the loan
And all of this with no effect on your credit!
PAYDAY LOAN CONSOLIDATION VS. DEBT SETTLEMENT
What’s the difference between payday loan consolidation and payday loan settlement? With most kinds of debt, a "settlement" is an agreement for the debtor to pay less than the balance owed to a creditor, frequently as a single, lump sum payment. If a debtor is experiencing financial hardship or nearing bankruptcy a creditor may agree to a "settlement" in order to get back a substantial part of the outstanding loan when the entire amount is at risk.
The payday loan industry tends to work a little differently when it comes to settlement. In a payday loan consolidation program, the reduction in interest and fees over the course of the repayment plan typically represents the settlement and it can be a very substantial amount of money.
Payday lenders recognize when a debtor consolidates, they stand to recoup the entire loan balance instead of pushing the debtor into a deeper hole which jeopardizes the entire loan. And for a debtor, even though the full loan balance is typically paid off, the total amount paid (cost of the loan) is astronomically less than it would have been, and with no effect on credit.
Bottom line, payday loan debt management program can mean HUGE savings -- check this page for what we mean by huge. When fees and interest stop accumulating, and your payday loans are stopped from rolling over, you're able to get out of debt much more quickly. Your income goes further and can be utilized more efficiently to pay down the debt. Use our debt management resources below to calculate savings and expenses in the different possible scenarios.
POWERFUL DEBT MANAGEMENT TOOLS & RESOURCES
THE REAL PDL BLOG
Looking for more info about payday loans, debt management or how to stick to a budget? Browsing our blog is a great place to start.
PAYDAY LOANS MAP
Are payday loans legal in every state? What’s the maximum interest rate? How many loans can you have at once? Every state is different. See our detailed interactive map to find out payday loan laws and debtor protections in all 50 states.
How much are you really paying for those loans? How much can you afford? If you make a higher monthly payment, when will the loan be paid off? What’s your debt to income ratio? How long until you can pay off those credit cards? Use our online debt calculators to get quick answers about the important numbers and percentages impacting your financial health.
Letters to Creditors
Use our free letter to creditor tempates featuring many common correspondence scenarios for consumers under the gun with payday lenders and other creditors. Type in a few pieces of information online and print your highly professional letter in minutes.
HOW WE HELPED CONSOLIDATE
PAYDAY LOAN DEBT
Had $7,900 total in payday loans, and was paying $2,100 a month in fees alone! We set him up on a payment plan of $224.57 bi-weekly for 18 months to become debt free.
Had $2,060 total in payday loans, and was paying $700 a month in fees alone! We set her up on a payment plan of $154.50 bi-weekly for 9 months to get become free!
Had $2,800 total in payday loans, and was paying $1,200 a month in fees alone! We set him up on a payment plan of $307 monthly for 12 months to become debt free!
BECOME STRESS FREE WITH
PAYDAY LOAN DEBT RELIEF
When you’re neck-deep in payday loan debt, it can be impossible to live a normal life. Every time your phone rings, you think it could be a call from the collection agent. You live in constant fear of your wages being garnished. The dues to the payday loan companies increase with each passing day.
Thankfully, there’s a way out!
At REAL PDL HELP, we offer a payday loan consolidation and debt settlement program that can lower the total amount you owe, reduce your interest rate, and get you out of debt sooner than you think is possible.
How can we do that? We’ll negotiate with each lender and ask them for favorable terms on your behalf. This could mean a smaller repayment amount every month and a far more affordable interest rate.
Take the first step to a debt-free future today!