If you’re reading this, it’s very likely that you have payday loan debt. And if you have payday loan debt, it’s likely that you’re dealing with several thousands of dollars worth of loans and monthly fees that you can’t afford to pay.
Unfortunately, payday loans weren’t the beneficial short-term loan you’d been hoping they were. And now, you’re looking for some light at the end of the tunnel. If this story sounds strangely similar to your own, then payday loan consolidation might be the light you’ve been looking for.
Payday loan consolidation help takes your multiple loans and combines them into one, to (a) reduce your overall interest rate and (b) combine multiple monthly payments into one. It simplifies the process of getting out of payday loan debt and helps you get out of debt faster. When working with reputable online payday loan consolidation companies, they should also get payday lenders out of your bank account and help stop the constant contact from aggressive lenders.
If payday loan consolidation help sounds like it can help you get out from under all of those loans, great. We’d love to share with you how our team can help. So, reach out and set up a free consultation call today.
If you’re still unsure if payday loan consolidation is right for you, keep reading. We’re sharing our top 5 signs that payday loan consolidation is just what you need.
1. You have multiple payday loans
The average payday loan borrower takes out 8 loans a year. Payday loans are designed to keep you coming back for more. With the full payment due only two weeks later, it can feel next to impossible to pay off. So, you keep paying the fees and rolling over your loan and barely getting by. Until you’re short on rent again and you have to take out another. It’s a vicious cycle, and it can feel like a trap.
If you’re dealing with multiple loans, you’re dealing with multiple monthly payments, increasing interest, and debt that feels unmanageable. Payday loan consolidation can take care of that. By combining all of your loans into one and reducing your overall interest rate, paying off your debt is not only manageable, but more affordable.
2. You’re taking out additional payday loans to cover your other payday loans
You’re already living paycheck to paycheck. Sometimes the only option can feel like taking out more loans to help cover the others. If you’re doing this, you’re going deeper into debt and further away from getting out from under those loans. And the further into payday loan debt you go, the harder it is to get out. Payday loan consolidation can help you end the cycle.
3. You feel trapped
The payday loan debt trap is a very real thing. It feels overwhelming. You’re already living paycheck to paycheck and barely getting by. Managing the fees to continue rolling over your loans already feels like a financial burden. So, paying off your loans and getting out of debt seems next to impossible.
You’re not the only one. We’ve worked with hundreds to help them escape the payday loan trap. We’d love to help you. Give us a call (or complete this form) and set up a free consultation to find out how our team uses payday loan consolidation to help you get out of debt.
4. Payday lenders are constantly debiting your bank account
Unexpected debits from your bank account can leave you with hundreds of dollars in overdraft fees. They can also leave you panicking to find extra cash to cover your bills. It’s not a good feeling. And it’s not a sustainable plan for getting out of debt or taking control of your finances. If payday lenders are constantly debiting your bank account and your finances are feeling out of control, payday loan consolidation may be right for you.
5. The important bills are starting to get (or are already) behind
When you’re dealing with unmanageable loans, overwhelming debt, and increasing fees every month, it can feel impossible to keep up with all of your bills. If you’re starting to fall behind on the important bills like rent and electricity, or find yourself paying your payday loan fees before groceries, it’s time for a change.
Payday loan consolidation is the light at the end of the tunnel for so many borrowers stuck in the payday loan trap. It can provide you with immediate relief and long-term financial stability. Working with a reputable payday loan consolidation company can help you escape the debt trap and take back control of your finances. Do a quick online search and find the top online payday loan consolidation companies. Do your research. Ask questions.
Our team has helped hundreds escape the debt trap. We know the payday loan consolidation industry inside and out. And we’re ready and available to answer your questions, provide you with the guidance you need, and help you get rid of your payday loan debt. Contact our team to find out more!
What Our Clients Have to Say:
“I was paying almost $2,000 every two weeks before I found them. Now, I pay $250.00 every two weeks and I finally have money for things I need. The customer service is second to none. I must have called 100 times when I first began. I was nervous & scared. The representatives at Real PDL Help always reassured me, so I could finally relax. My life is finally going back to normal, no more harassing calls and the money I make is in my checking account, too.”
-Dylan W., Detroit, MI
Want to know more?