Payday Loan Consolidation & Debt Relief?
First look at the basics of payday loan consolidation and then you will have a clear idea of charges and interest rates and how consolidating can save you money compared to paying exorbitant late fees and penalty interest.
The goal of same day payday loans help is to allow the borrower to consolidate payday loans and finally get out from under staggering payday loan debt and ultimately get their finances back on track. First, we find a monthly payment you can afford. Then, a bank account will be opened in your name and you will begin depositing that monthly amount into it. Once enough money has accrued in the account GAD Capital will begin negotiating with your payday loan lenders on a settlement.
What Be Will My New Monthly Payment?
Your new monthly payday loan payment will be based on your overall loan amount and the amount you are able to pay. The goal is for you to move from making several payday loan payments each month to a single monthly installment that will lead to you finally eliminating your payday loan debt altogether.
Will My Payday Loan Lenders Work with GAD Capital?
Lenders are not obligated to work with GAD Capital, but most of them understand that it is better for them to get some sort of repayment rather than none at all. It is likely that GAD Capital has worked with your lender in the past which gives us an edge when it comes to negotiating with them in the future.
Will I Still Have To Pay Off My Full Loan Amount?
While GAD Capital will work hard to find the lowest possible monthly payment for you there is no way for us to guarantee a decrease in your full loan amount. Payday loans lenders do not have to work with negotiators like GAD Capital, but again, they would prefer to get some repayment rather than none at all.
How Long Does it take to complete Payday Loan Consolidation?
A typical payday loan consolidation process takes anywhere from 6 to 18 months. The timeline will heavily depend on the amount you owe, how much of a monthly payment you can afford, and how successful GAD Capital is in negotiating settlements with your lenders. If you are interested in hearing more about how payday loan consolidation would benefit your specific situation just call GAD Capital for a free consultation on how to get relief from payday loan debt.
Payday loan relief that can really help you to get back on your feet. Our smart overall payday loan consolidation program is something you can take solace in that you are really being assisted to get your debt down and get back to normal so you can have less worry in your life.
Our Payday Loan Consolidation Plan is a certain way to restart your walk back to fulfilling your new credit free life and fiscal health. We can help you to get rid of your payday debt and become whole again and get rid of your creditors.
The Issue With Payday Loans
Many Americans take on too many payday loans and it becomes addictive and then the cycle begins. There are so many lenders out there ready to give you cash for a few minutes work applying with an online form. Most loans need to be paid back by the next payday and that is where the trouble begins if you are short of money, you take on a new loan to repay the old one.
The high-interest rates and repayment dates come up in no time and then you are already behind and you get sucked in further into the debt trap. Before you go bankrupt you need to join a program like ours that can immediately stop. If you are here now fill in our form! We will contact lenders and put you into a plan that will keep them at bay.
Payday loans have high interest
When you look at what the loan costs you in interest and fees you will soon find that you are paying as much as 11 times the original borrowed sum and soon that low for a few hundred can turn into thousands of dollars. You should look at the interest rates usually in the footer of the payday websites.
Payday loans are meant for emergencies
You should only use them to tide you over for your immediate needs, going partying on payday loans is expensive. So before you take a hliday or do something frivolous think twice and, oh boy, you can pay for it later on when the bills start coming. So start today, if you are reading this it is already probably too far in the debt cycle, so do not make it worse, we can help you immediately. Get filling in or calling us to make an arrangement to start a new chapter.