Are you struggling with Payday Loans?
Thousands of people across the country just like you have a similar personal crisis. From inflated interest rates to an endless cycle of "rollovers" your helplessness doesn't have to be permanent.
What you may not know is that help is available to you which allows you gain a new start. Through various programs, you can get back on track and end the vicious cycle of payday loan cycle.
Options Available to You:
• Debt Settlement & Restructuring
• Debt Consolidation
What's the Difference Between Consolidation & Settlement?
Debt Settlement & Restructuring
This opition is used when a debt consolidation loan isn't possible due to your credit score or you simple do not wish to engage in another loan. A typical debt settlement program determines your outstanding balances due to your creditors and the settlement firm attempts to negotiate a lower overall principal amount with each creditor.
A debt consolidation program is a loan which combines all of your creditors and the balances into a single payment or installment loan. If approved for a debt consolidation loan, all of your creditors are typically paid directly by the lender. Before applying for a debt consolidation loan you should consider your credit history and / or a debt settlement program.
Others Like You:
"I have over $3,500 in payday loans. My temporary fix is now costing me over $1,200 per month. Can you help me?"
"I am unable to keep my other bills paid as a result of all my payday loans. I'm so stressed and I have no idea what to do?"
"My husband and I have over $3,000 in payday loans and the interest alone is more than our rent."
Comparing Settlement Programs?
Ask your representative to explain the following settlement points in detail to you before you sign up:
1. What happens to any overpayments I make?
Many settlement companies keep your overpayments. Be sure to avoid providers who practice this tactic. After all, its your money.
2. Does the progam assume a 100% settlement?
Most settlement companies aren't going to assume that you have to pay back your entire debt. This means at the end of the their program you might still owe money. Stay away from firms who don't assume your total debt amount.