Payday Loans and Debt Consolidation

You need a good credit score to qualify. You have really lifted a weight off my shoulders. A DMP offers quite a few advantages: We can help you pay off your debt. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section of the US Copyright Law.

Related News

Debt Consolidation Loans: Houston, TX

With Texas debt consolidation, you can get rid of harassing phone calls from creditors and work your way out of debt without even filing bankruptcy. Texas debt consolidation - How it works Texas consolidation gives you the chance to consolidate or merge multiple debt payments into a single monthly payment at a low interest rate. Aug 28,  · Debt consolidation program is a must in Texas as it saves time and money. Know why OVLG is the best and consolidation loan is a bad idea in LL saved $ Texas payday loan laws prohibit lenders from dividing one loan into two loans for the sole purpose of collecting higher interest fees. The maximum term limit for payday loans in Texas is 31 days. The minimal term limit for payday loans is 7 days. Under Texas law, a lender cannot pursue criminal charges to collect on a debt.

Trapped by Payday Loans?

Debt Management Plans (DMP’s) in Dallas (TX)

However, as you can see from the infographic above, payday loans often used to cover regular recurring expenses. That kind of budget imbalance usually signals larger financial troubles beneath the surface. It can quickly turn into a downward spiral.

Payday loan consolidation is possible in some cases, depending on which method of debt consolidation you use and which lenders service your payday loans. A personal debt consolidation loan is a do-it-yourself method of debt consolidation. You take out a loan and use the funds you receive to pay off your debts in-full. You need a good credit score to qualify. However, if you took out a few quick payday loans to cover expenses but you actually have the good credit necessary to qualify for a traditional loan, then a debt consolidation loan can be an avenue to consolidate payday loans.

When you enroll in a debt management program, part of the service involves the credit counseling team calling each of your creditors to negotiate. Payday loans can be included in your program as long as each lender signs off on it.

There is no mandate for lenders to agree. However, in many cases a payday lender may agree that their debt to be included when you enroll. Please leave this field empty. The typical debt settlement program lasts between 6 to 12 months and designed to keep you in mind. It is important to have someone representing you is knowledgeable and will help you settle your payday loan debt for substantially less than what you owe.

The best part is we have no enrollment fee's or start up fees and can set you up with a customized plan designed based on your financial needs. Payday Loans-Consolidation can negotiate a lower rate of interest on your payday loans thereby allowing you to get better control of your current financial situation. We will set you up with an affordable monthly payment, while helping you end the payday loan cycle.

We are aware of the issues that arise with payday loans, so we allow you to make your first payment as far as 2 weeks from the date you enroll in our program. Our goal is to go above and beyond your expectations. The best part is that we contact your lenders within 24 hours from the time you enroll in our program. To learn more and to find out how much we can save you please contact us at or you can submit the form at the top of the page. Too Many Payday Loans? Get A Free Quote. Reduce the High Interest.

Relief from Payday Loan Debt. About Us Payday Loans-Consolidation can negotiate a lower rate of interest on your payday loans thereby allowing you to get better control of your current financial situation.

I really appreciate everything your team has done for me. I am not completely debt free thanks to you guys and I can finally take that dream vacation with all the extra money you have saved me.