Payday loans can be very useful for many people. Maybe you rely on your car to make money, but it broke down and you can’t afford to fix it. Or maybe you get an unexpected medical bill in between paychecks and just can’t pay it right now. In cases like these, payday loans can be an easy and quick way to get money now. However, payday loans are far from perfect. Because they are such high risk loans (since they don’t require credit checks), the interest rates can be as high as 400%, which means that often people have trouble paying back these loans. Many people resort to taking out new payday loans to pay back their old ones. The problem with this is that it just starts a cycle of debt that can seem impossible to break out of in most cases. That’s where dedebt.com can help. We can consolidate your loans for you, meaning that instead of having to pay off five or six different lenders, you’ll only have to pay into one account.
Payday loan consolidation isn’t for everybody. If you only have one or two payday loans, you’re loans add up to less than $500, and you have no problems paying them off, then you should be fine. However, if you have two or more loans, you’re loans add up to more than $500, and you struggle to pay them off or worse, need to take out more payday loans in order to pay them off, then loan consolidation could be for you. Not only can it consolidate your loans into one payment, it can also get rid of interest on your loan. In addition, it can also stop all of the pesky and threatening calls from lenders.
So if you feel like debt consolidation is the answer, or even if you’re on the debt, fill out our form at dedebt.com and get a free consultation to see if debt consolidation can help you!