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Today I want to gain control of my finances. I have numerous payday loans. I closed my account and opened a new one. They are all calling me and I’m not answering because I don’t even know what to say. The stress is giving me nights of insomnia, I’ve lost weight, and my joy is gone. Do I go to a debt consolidation company for payday loans? I just don’t even know where to start or what to do?
Do I go to a debt consolidation company?
Welcome to the forums!!!
What state do you live in? Are your lenders licensed in your state? If not, then you are required to pay them only the principal. In this case you won’t be able to consolidate your pdls as they are illegal. Consolidation is applicable only for legal loans. As far as the legal loans are concerned, you are liable to pay them both the principal and interest. In this case you may try to consolidate your debts yourself. Don’t hire a debt relief company, they will charge a heavy fee.