Monthly Archives: December 2019


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High-interest Payday Loans can become a vicious cycle before you’ve realized it’s happened. They can cripple your finances and your future. We can help you reduce your interest rates HUNDREDS OF PERCENTAGE POINTS, and perhaps even get you out of debt in less than a year!

Here are some statistics that all payday borrowers need to know!!

Only 14% of all borrowers will repay their loan by their next payday. When this happens many lenders will be “kind enough” to let you just pay the fees and roll your loan over for another two weeks. THEY ARE NOT DOING YOU ANY FAVORS!! This practice is referred to as “churning”

The average payday loan “churns” 8 times in five months. This causes extra fees and obviously the “high interest” is still accumulating. The circle has begun. Many people take out additional Payday Loans to help pay off the original Payday Loans and now these predatory lenders have caught someone else in the debt trap.

All of the above information is courtesy of a study done by Pew Charitable Trusts.

There is a solution to all this! Please remember that you’re not alone. Eighty-six percent of borrowers are in a similar situation as you are. Payday lenders are keeping a secret. Most of the payday lenders operating in this country have PRE ARRANGED agreements with our organization. This is something they don’t want you to know…….and there is a good reason for that. In most cases, these loan companies will take your payments from our company at a zero interest rate. If not zero, the rate with be drastically reduced allowing you to get out of debt in months instead of years. This is an absolute fact. We have been in business for 22 years and we are exceptionally good at what we do. You make your monthly loan payments to us instead of the creditor, and we forward them your payment. It is really that simple. This is how you receive an affordable rate and it is your solution to the cycle.

I want to make make a couple of things clear!

Yes, the payday lenders can sue you….Once you start on your payment program they almost definitely won’t Contrary to their threats, they cannot “put you in Jail” Pay no attention to that nonsense but DO start your journey to a better life by making the decision to GET OUT OF DEBT TODAY!!!

The touchy subject of payday loans

Do I or don’t I? That is the question! Although that sounds like a take off on Shakespeare, it’s also the thought that many people have when they need to make the decision whether or not to take a payday loan. Stuff happens! We all know that. What do we do about it? We put it off until save enough money to fix the problem. Sometimes that’s not possible. At that point we have to decide whether it’s a financially viable option to borrow money at 200 – 700% interest annually for a payday loan.

Payday loans serve purpose if used properly. Taking a 50 or $100 loan for a week is certainly an option and financially feasible. Unfortunately, most people need more and the ease in which payday loans are given can turn them into an addiction. The 100 turns into 200, the $200 loan then becomes a $500 loan and for many people it spirals out of control after that. So what happens next? You’re sitting with $1,000 debt that costs a ridiculous amount of interest.

It happens subtly but quickly. Unfortunately, sometimes these loans are really necessary. I f this is your situation, or you find it becoming your situation payday loan debt consolidation is the answer. A reputable company with a good track record can get you out of debt quickly with the least amount of harassment from your creditor. Long-term players in the industry have track records with your lenders and are able to have them reduce your interest rate to 0%! Who wouldn’t want to do that? It’s essential that you start taking care of them immediately

I would suggest other alternatives including taking an advance loan on your paycheck from your employer. Many employers will front employees a few hundred dollars in an emergency and take it out of their check weekly without interest in away that it doesn’t cause financial hardship to you the borrower. It’s certainly not good to make a habit of that but an emergency is an emergency. The decision is whether the money is needed for a true emergency, or a desire to purchase something that is not essential. Financial prudence must prevail in the decision-making process. The last thing you want to do is bury yourself in Payday debt. If you have buried yourself in that debt get into your payday consolidation program now. You will thank yourself for doing it

Consolidating Your payday loan balances

In today’s world, many consumers owe large amounts of money to payday loan lenders. Promised affordable monthly payments, many people are drawn into the trap of accruing large payday loans with exorbitant interest rates running up to 700%. As a result,many consumers are forced to pay unaffordable amounts of money to payday loan companies for many years. In some cases, these payday loan payments can lead individuals into bankruptcy. By consolidating these existing payday balances making payments on time can be much easier. Most importantly, interest rates on balances can usually be reduced to 0%.

Simplified Payment Plans

Some consumers are forced to pay many bills every month. This can be especially true for individuals who are in debt. As a result, it can be very convenient to consolidate payday loan payments into a single account. By doing this consumers will only need to make a single payment each month. Instead of paying several bills every day, consumers can focus on growing their earning potential.

Having a simplified payment plan can make it easier to avoid late penalties and fees. Many consumers with outstanding payday loan accounts find it difficult to make all their payments on time. When there is only a single account, it is easy to keep track of whether a payment needs to be made.

Reduced Interest Rates

The biggest payday loan consolidation benefit is that it can reduce interest rates. When consumers initially got themselves into debt, they may have been desperate for money. As a result, many consumers accept payday loans on unfavorable terms. Consumers who consolidate payday loan payments can lower their interest rates to 0%. After several months of making payments on time the debt starts to go away. Making payments on principal only is the difference.


Kathy Kraninger, head of the Consumer Financial Protection Bureau has been chastised by Democratic senators over her seeming inability to manage Student Loan Servicing Agencies. Kraninger has claimed that every-time she has tried to oversee and manage said loans she has been stopped by the Dept.of Education… She was told by members of the Senate to stand up to Betsy DeVos and do her job.

“The CFPB has the authority to supervise large student loan servicing companies, regardless of whether they collect private student loans or federal student loans. That has long created tension between the Education Department and the CFPB over student loans.” as seen on

Kathy Kraninger, the Consumer Financial Protection Bureau director, made the disclosure in a letter to Democratic senators released on Thursday. | J. Scott Applewhite/AP Photo

Why is this posted on our blog? Kathy Kraninger is the person in charge of protecting consumers against predatory lenders. Predatory lenders like payday loan companies. As a consumer advocate, it is incumbent upon her to take a stand and start knocking these payday loan companies down to size. Hasn’t anybody told her they charge five six and seven hundred percent interest annually? Of course, she knows this but instead decides to look the other way as payday loan companies seem to be very cozy with the White House. You the consumer are not being protected by the person who is supposedly a consumer advocate. Somebody Somewhere believes that loan companies are allowed to steal indiscriminately from consumers and walk away unscathed, albeit with thicker wallets. We will follow up, and keep you, the consumer informed. Democrat senators have admitted that she hadn’t caused the situation but had inherited it. Notwithstanding that inheritance, she has still let this problem fester add become unmanageable… After a year’s time on the job, she still not yet gone to court to try and take charge of this situation..

By |2020-08-25T11:03:07+00:00December 22nd, 2019|Categories: debt-consolidation, Payday Loan Consolidation|0 Comments

Should I consolidate my payday loan?

Payday loans can be a useful financial product that can help people to meet their short term financial needs. However, as payday loans have high-interest rates and short redemption periods, many people have difficulty paying off the loans by the due date. When a person is unable to pay off the loan by the due date, he or she will likely have to take out a new payday loan to pay off the old one. This is called rolling over loans. The cycle can quickly repeat leaving the person with multiple payday loans at one time.

One solution to the ongoing cycle of payday loans is to consolidate existing loans. With a payday loan consolidation, a person can combine his or her existing payday loans into one simple repayment plan. In most cases, the consolidation process will allow a person to make payments on the balance of the loan over a period of months….. At a 0% interest rate! A person who chooses to pay off multiple payday loans through the consolidation process will enjoy a number of benefits. Payday Loan Consolidation typically results in interest rates that are lower than a standard payday loan and a longer repayment deadline than a payday loan. This means that a person who consolidates his or her loans will make significantly smaller payments, all of which going to the principal and will have more time to come up with the money to pay off the loan. These factors alone can help a person to escape the payday loan cycle and save a significant amount of money.

In addition to smaller payments, paying less interest and having more time to pay, a person who consolidates payday loans will also enjoy other benefits. By only having one payment, instead of multiple ones, it will be easier to keep track of the loan and the payment dates. This makes it less likely that he or she will make a mistake and end up with additional late charges. Using a loan consolidation plan to pay off payday loans that are past due will also help a person end the endless collection calls and letters, which can help to reduce a person’s stress level. A consolidation plan might also help to bolster a person’s credit rating by eliminating the late payment reports from the payday lender and reporting a person’s on-time payments on the consolidation plan.

With the many benefits of payday loan consolidation, there is no reason for a consumer who is struggling to pay his or her payday loans to not take action to find out whether or not loan consolidation can help them escape the payday loan cycle.