I am in desperate need of advice. I have approx. 10 pay day loans, from various companies. I am trying to pay them off by making arrangements with them, but I get them confused is there a company or service that can consolidate them into one payment monthly?
There are very few companies that consolidate payday loans, however, I know one such company check your PM, I have sent you some information.
Which state do you belong to? All the states have different laws for payday loans. If you find your lenders violating those rules by charging exorbitant fees, you may complaint against them and request them to mark your account as paid in full. Know your rights. _________________ Stan
BTW, I am not a lawyer, I am here to share what Life has taught me.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.