Payday Loan Consolidation Company
6574 North State Road 7 #137 Coconut Creek, FL 33073
Mon-Fri: 9am - 9pm
10 Mar 2020
payday loan consolidation company

When Science Fiction becomes Science Fact, The whole world Suffers!

Well folks, the unthinkable has happened and it’s here. For the first time since 1918  there is a worldwide pandemic going on. The world has been rattled by the coronavirus. Unfortunately there’s no cure yet and more than likely it will just run its course here in the United States like it’s done in China. All business is suffering. It’s not just about “rich” people losing money in the stock market anymore. More than likely there will be quarantines. Small businesses will stop operating for a specific amount of time. Some will reopen some won’t.

Casualties of something that we can’t control. This financial disaster will affect almost everyone in this country. Hopefully, only in the wallet and not physically. there’s a chance that everybody who’s reading this article could be out of work in the next week or two for an unspecified amount of time. There are many of us who live paycheck-to-paycheck. I wrote about something like this scenario in an article back before the virus hit our shore. It’s here now. What people do during this crisis will affect their financial future for a long time to come. The financial decisions you make during these bad times need to be well thought-out lest they affect your future. There might come a time where you’ll need to borrow money. There are many different ways to get into debt. Some of them are palatable and some of them are completely distasteful. If you can get a personal loan when things go badly I highly suggest that you do just that. Sometimes people have to borrow against their credit cards. I’m not a believer in that but for the right reasons it certainly is the right move. Everybody has to eat and everybody has to pay their bills.

We are in uncharted waters and we don’t know what lies ahead. I know that as a last resort people take out payday loans. High interest, short-term Advanced payday loans at egregious interest rates that can run up to 700% per annum. What do you do when the crises is over and the day of reckoning comes? These loans have to be paid!! High interest payday loans are difficult to pay off. When your income returns, the last thing you want to do is be paying that incredibly high interest rate. How do you avoid it?

Easily answered! Payday loan debt consolidation, or Advanced loan debt consolidation as some call it is absolutely the answer to Payday loan debt. Federated Financial, with well over 20 years of experience in dealing with your creditors is able to have your interest rates reduced down to 0% in most cases. Doing that lowers those giant monthly payments by reducing the interest rates and having you pay only principal in most cases instead of interest. I couldn’t imagine why anyone would continue to pay the interest rates that these payday lenders charge instead of doing payday loan debt consolidation. When you’re stuck with your back against the wall, and the whole country seems like it’s falling apart, you do whatever you have to do to survive. If you must take out payday loans, when it comes time for relief you must do payday loan consolidation. Call the number on the top of our page, or fill out the form. You’ll be glad you did!

07 Mar 2020

How do I legally get rid of payday loans?

How do I legally get rid of payday loans?

That’s an easy question. I’d like to answer that for you right here, and right now. Federated financial has been in business for 23 years. We care about you, and we work for you, the client. We do not work for your creditor. Instead we work with the creditor for you and there’s a big difference there. All you need to do is give us a call or fill out the form on the top of our page and all we need are the names of your creditors and the account numbers if you have them. We can work with you even if you don’t have the account numbers readily available. The creditors that you have are creditors that we have worked with for many years, and yes, we can work with you and help you legally get rid of your payday loans. That is for sure!

We are not a payday loan company, We consolidate these types of payday loan debts. Helping to reduce our clients payday loan interest rates down to zero percent in most cases, allowing them a chance to get debt free.

Federated Financial has worked hard to ensure that local and on-line communities receive the very best possible level of care and support possible. Our counselors, customer service representatives, and creditor relations specialists are certified as credit counselors by the independent National Institute for Financial Education.

Our goal is to teach payday loan consolidation to consumers everywhere how to understand and manage debt so that they can achieve and maintain financial security. We understand the important monetary issues and challenges life can send your way and we are here to help. Our free community outreach programs, which include public seminars, walk-in clinics, newsletters, and on-line materials, give all of our visitors the ability to understand how credit works; how to overcome financial obstacles; and how to achieve important economic goals.

06 Mar 2020
payday loan consolidation company

Payday Loan Consolidation Perspective with Car Buying

Buying a car is the second biggest purchase we make In our lives. Obviously our homes are the biggest. As a side note before I get to the meat and potatoes I want to share something that I notice all the time about automobiles that makes absolutely zero sense. In my neighborhood I’d say one in ten people, and I am one of them use their garage for their automobile. It’s beyond my ability to comprehend how some people take the second most valuable thing they own and leave it outside when inside their garages they’re storing a bunch of boxes and junk that either belong in the attic or outside for the trash-man to pick up. Just a random thought. To each his own I suppose. So we wake up one morning and decide that the car has been giving us trouble and it’s well out of It’s warranty and costing us money regularly.

The first thought that most people have is let’s go down and look at new cars today. Now there are some situations when that’s a good idea and I’ll get into that in a bit, but first I want to tell you why it’s a bad idea. First part of the equation is to go to a reputable dealership. Best bet Is a local Ford, Chevy, or Chrysler Jeep, store. If you’re looking a bit upscale you know where to go. When I want a new car I really want an almost new car. I’ll give you an example of what I mean. I drive a 2019 mid-sized SUV. It’ll be a year old on May 1st. Today is March 4th so it’s coming up on it’s birthday. Here’s what I did. I kept my mind open. I knew I had choices and those choices were the same class car in either the Chevy, Ford, or Jeep Chrysler brand. You fall in love with Corvettes or Mustangs but when you’re buying an SUV there’s no real halo around any of them. I was looking for a reliable mid-sized SUV. We all know that when we walk onto a car lot the salesman salivate. I want them to have a headache.

I decided from the get-go that I was going to buy something that’s was barely used. In each dealership that I visited I told them I wanted something with less than 5000 miles and I wanted the best price they could give me…. and of course I wanted the latest model. They asked me what I was going to trade in and although I was trading in a four-year-old SUV I told them nothing. I told them I’m not trading. I’m buying. Ford and Chevy had nothing so I drove over to the Jeep store. We looked around and the I finally suggested that we look at the loaners that were coming out of service. Why didn’t the sales person suggests that? Simple answer is that he makes more money on a plain used automobile. I wanted a loner because I wanted something with really low miles. I wanted something that had the balance of its warranty left. The whole reason for getting something new was I was tired of paying for repairs. We went back and forth and he kept asking me about my car and I told him I was keeping it. My point here is never negotiate two cars at the same time. Otherwise they will borrow from Peter to pay Paul and you will get stuck on one end. I asked the salesperson what the rebates were from the manufacturer and he said what rebates?

I told him if he didn’t know about the rebates he needed to ask his boss. The manager replaced him in about five minutes and we were off to the racetrack. He knew what I meant. When an automobile dealership puts out a car that they use as a loaner for a few thousand miles they always receive a manufacturer’s rebate to cover the cost of the discount that they have to give you because the car is technically not new anymore. The car that I chose had every piece of equipment that I wanted but one. Most importantly it had a real six cylinder engine as opposed to a little four that was not turbocharged. I do a lot of parkway driving and the difference in power and torque was huge. The only thing it was missing was a leather interior and I knew that I could have one put in for around $1,000 using Katzkin. Finest custom leather product for just about every car made, and I didn’t have to buy a $5000.00 package to get it!  Here’s the bottom line. The car I liked had an MSRP of $36,000. It had 4800 miles on it all driven by people who borrowed it when their car was being fixed under warranty. Well maintained by the dealer without a scratch ding or dent on the body. We negotiated back and forth and they came down to $23,000. I had a number in mind based on advertisements I had seen on the internet. I wasn’t going to pay a dime over $20,000 for the car. Their final number was $22,000 and at that point I thanked the sales manager for his time and I told him I’d think about it.

I got up to leave and walked out the door.

The salesman followed me out and asked me point-blank, what would it take to make a deal today? I said to him give me your best price. He told me the manager said $19,995 plus tax and tag out the door. That was my number. The MSRP on that car was $36,000 so I was saving $16,000. That came out to 44% off the sticker price. Half the job was done. Now for my non- trade in. We sat down and I asked him how much they would you give me for my car? It was paid off. He seemed kind of taken aback which only meant that I did my job. I fooled them. This was not a long negotiation. I knew the auction prices and I knew exactly what my car was worth at a wholesale auction. I took twenty one thousand for my car and was happy. They will make a couple of thousand dollars on it and it’s okay. I made a great deal for myself but it was because I kept my mind open and I was willing to play the game and walk. I also did my homework! Never fall in love with metal it doesn’t love you back. It cost me $400 more for the tag transfer and I will get money back. No tax as my trade was worth more than the new car. If you’re going to finance and you have decent to good credit get a quote from a couple of lenders before you go shopping. That way you’ll be assured of getting the best rate you can from the dealership. They can’t mess with an educated consumer. If they give you a rate that you’re happy with ask them how many points they’re making on the back end? That will wake them up. Normally when you finance an automobile the dealer will try to markup the interest rates as high as they can by law so they make a nice profit on that too. I always allow them a half a point because everybody needs to eat. Remember that. It is important.

That’s the way to buy a new used car. I bought that car with 32 months and 32000 miles left on the warranty. To me that’s a score. At the beginning of this post I suggested that there are times when buying new, and I mean brand new can be a better deal. All the stars have to align for that to happen. In other words sometimes you can get a super steal deal when buying the last year of an out going model. There are usually GIANT rebates from the manufacturer and the dealer kicks in 99% of their profit. It’s a $100.00 salesman deal and they are happy to get it. Sales bonuses are paid on units moved not gross profit. Study a bit. You’ll know when the time is right. Now if you’re reading this article you might be thinking, why is this something that I’d want to read about on a payday loan blog? The answer is really simple.

All of your finances go together.

To get to a point in life where you can Finance an automobile at that price point and pay the most minimal amount of interest possible on your car loan starts at square one. Get out of debt!!! If you’re on this site you just had a good read and you’re also looking for some payday loan relief. Advance loans destroy financial lives but what they don’t do in most cases is report to the bureau’s. That’s right. Payday lenders usually don’t report outstanding debt to the reporting agencies. If payday loans are your only problem or one of only a few financial problems you have you probably need to take care of them first. They are the easiest debt for a long-established reputable payday loan consolidation company to remediate.

Payday loan collectors bark and growl an awful lot but the bottom line is, if you’re dealing with an established and respected 23 year old company like ours, that prides itself on our A+ rating with the BBB and the hundreds of thousands of people we’ve helped throughout the years you can get out of debt quickly. In most cases we can have your interest rates reduced down to 0% as opposed to the 600 or 700% annually that you might be paying now. We can get you out of debt in a much shorter amount of time then you could if you did it yourself. Paying no interest has the benefit of lowering your monthly payment considerably. Consequently, your payoff time and the hit to your paycheck will be a lot less than it would be if you tried doing it on your own.

In almost no time at all you’ll be able to say to yourself, “one down and a couple more to go and then I will be completely debt-free”. At that point in time, more than likely with some sort of down payment you’ll be able to go out and buy pretty much any kind of car that you want. That’s the way to live and that’s what you want to do when you’re dealing with advance loans. You want to use Federated Financial. We are Simply the Best.

05 Mar 2020

Best payday loan debt consolidation company!

 
 
 
 

The absolute best payday loan debt consolidation company on the planet!

Which is the best debt consolidation company to use? the answer to that question would be based on many things. The first thing you’re looking for would be how long has this company been operating? A company that operates for over 20 years and still maintains its A+ rating with the BBB is a good bet!

I think you’ve come to the website that belongs to the best Payday Loan Consolidation Company in the United States. I don’t say that lightly. I have a great reason for doing so. We treat our clients like family. We want to help them. Having our 23-year history of helping people works in a big way for our clients. Over the years we have developed a great working relationship with your creditors. Most of the time when we ask your creditor to allow you to work with us and reset the interest rate we’re met with a response that’s absolutely yes! That gives us the opportunity to help you out of debt in a quicker way than you could have possibly done yourself. I highly recommend that you go to the top of our homepage and give us a call or just fill out the short form and somebody will get back to you immediately. all phone calls are answered during normal business hours and we’re more than happy to help you consolidate your payday loan debt.

We are not a payday loan company, We consolidate these types of payday loan debts. Helping to reduce our clients payday loan interest rates down to zero percent in most cases, allowing them a chance to get debt free.

Federated Financial has worked hard to ensure that local and on-line communities receive the very best possible level of care and support possible. Our counselors, customer service representatives, and creditor relations specialists are certified as credit counselors by the independent National Institute for Financial Education.

Our goal is to teach payday loan consolidation to consumers everywhere how to understand and manage debt so that they can achieve and maintain financial security. We understand the important monetary issues and challenges life can send your way and we are here to help. Our free community outreach programs, which include public seminars, walk-in clinics, newsletters, and on-line materials, give all of our visitors the ability to understand how credit works; how to overcome financial obstacles; and how to achieve important economic goals.

03 Mar 2020
payday loan consolidation company

Just enough time for Payday Loan Consolidation!

Has anyone out there noticed that there’s been a giant increase in the amount of casinos that we see in our neighborhoods over the last 10 years? Well there has been and they are there for a reason.

All of the casinos that I see here in Florida are owned and operated by Native American Tribes. Let’s not confuse a casino with a paramutual location like a dog track. I’m referring to casinos with Vegas table games and real gambling. Some States finally got wise realizing that even though these casinos were open on sovereign Indian ground they’re still subject to taxing and state approval to maintain operation. It was all about getting a piece of the pie and each individual state ended up cutting deals with the Native Americans and everybody makes money that way. That’s a lead in to quite a few interesting subplots. For instance, I think my last sentence probably should have read instead of everybody makes money that way, “that way the state and the tribe make money”. Obviously there’s one missing component in that sentence. If you’ve been reading this article and don’t understand where I’m going with it my suggestion would be to save your time and go read the previous three. I typed that with a smile and I meant no ill intent. It’s just that you’re probably not the type of person who frequents a casino and the rest of this article will probably be boring at the least and certainly not apply to you.

For those of you who stayed and are still reading I can just about definitively assume that you know where I’m going. The missing component, or the one who doesn’t make money is you. So that’s why I’m writing about this today in a Payday Loan Debt Consolidation blog. I’m going to put it out there. Gambling breeds debt. Gambling causes debt and can push people into a position where they might just may well need a payday loan to pay a bill because they “blackjacked” the electric bill away.

There are many reasons that people are attracted to casinos.. The really pretty girls who work there. The implied glamour and status of being a winning player. The thrill of victory, but we all know with the thrill of victory comes the agony of defeat! Or perhaps you’re a fan of the television show Jeopardy. If you are you saw James Holzhauer’s incredible run last year where he made 2.5 million dollars on the show. James is a professional gambler. Lives and works in Vegas and sports betting is his thing. If you watch those shows he used basic poker principles to create situations that were favorable for him to gamble on the questions that he was answering. In addition, he’s a genius and filled with genuine knowledge. You can know all the math in the world but if you can’t answer the questions you can throw all that math out the window. Actual odds, implied odds and his odds on knowing the answer in any one particular category. Some of those numbers are objective and some of them are subjective. Bottom line is if you know the numbers and the math you win more times than not, and when you lose it’s usually the variance, AKA bad luck that get you. I bring James up because he epitomizes the glamour of making his living, and supporting his family in casino. I’m sure if you asked him he would say to him it’s just work. Just a normal guy, who’s actually quite like-able living the dream. A lot of people who sit in casinos today do so because they want to be like James. If you’re one of those people stop it. He’s one in a million. Gambling is a disease. It’s an addiction. and it’s extremely self-destructive.  99.9% of the time it will put you deeply into debt and threaten the the life you have built for yourself. The last thing you want to do is to come home and have to tell your family you need relief from your debt.

There was a movie from back in the early 80s called War Games. It starred Matthew Broderick, Ally Sheedy, and Dabney Coleman. I’m guessing that we’ve all seen it. At the very end of the film the supercomputer in the movie tries to beat itself at tic-tac-toe. It finally comes to the conclusion that it can’t win and the best It could do is tie. It also reasoned, why play if you can’t win. That’s always been my question to people who put themselves deeply in debt and are in need of debt relief. “Why play if you can’t win?” And so I bring you some really interesting statistics. Table games: When you play blackjack you are a 1/2 point underdog to the house. It doesn’t sound like a lot but play a thousand hands and do the math. Besides being a half of a point behind before you start that .5 is a number that only applies to the most skilled players. A more realistic number would be about 2%. That means the house has a 51 to 49% advantage against you. It doesn’t matter how many times you play. Eventually you have to lose. And if you play enough hands over a year’s time you will lose. That’s a fact. If you work hard during the day and live from paycheck to paycheck this will put you deeply into debt. Table games: Baccarat. If you are a skillful player you will win an average of 45% of the time. If your a skillful player you will lose 45% of the time. You will tie approximately 10% of the time. Why would anybody play a game when they can only win 45% of the time? it’s a recipe for losing money and going deeply into debt. Debt equals loans. Loans add up to extra bills. Credit cards, personal loans or in some people’s cases payday loans. We see them all. If you specifically have payday loans we are the most reputable payday loan consolidation company in the country. Give us a call!!  

I’d like to talk about a couple more games before I finish up this article. First the slot machines. People actually win money one in a thousand times they play .I think I need to explain that because people say they win all the time but they really don’t. Winning is walking away with more money than you started with. It’s that simple. So I can pose this question. If you play slots 200 times how many times do you walk away with more money than you started with?

The answer to that question is more than likely 0. The penny slots can be fun if that’s your thing but when you start getting into the more expensive machines the habit becomes expensive. Stay away!!! We don’t want people to create unnecessary debt and have to use our services. There are enough serious reasons in this world to create debt that are unavoidable. That’s where our payday loan consolidation programs come in, and offer you debt relief. Let’s not create debt where there isn’t any.   

So now we’ve spent the afternoon at the casino and I want to talk about one more game. Poker! It is very unique given the fact that it’s the only game you play at a casino where the house is not your opponent. Your play against the other people you’re sitting with. Your table mates are your competition. The house just takes a rake, or their commission before each pot.

Alternatively, If the whole table agrees they can pay the casino every half hour for the time that they are using the table. The casino doesn’t make much. The average rate is $7 a half hour or $14 an hour which would be $126.00. That’s not a lot of money for them to take. Your money is there for your opponents to take. My advice to anybody who walks past the poker room in a casino is to keep walking. Unless you’ve been playing for years and have an immense amount of experience you don’t have any business being at a poker table that’s a no limit game. This is actually something I know a little bit about first hand. I’ve played a few hands in my life. In 2003 a poker Renaissance took place. An accountant from Pennsylvania, Chris Moneymaker, and that’s his real name went on to win the World Series of Poker main event. He won 2.5 million dollars. All of a sudden everybody in the country wanted to play. With the Advent of online poker the players got really good. Being a skillful player involves patience, an even temperament, extraordinary intuition and people reading skills. Did I leave out an extremely advanced knowledge of mathematics? That’s what goes into being good. In addition, as poker has evolved throughout the years the players have gotten better and better. Poker uses something that’s very similar to the analytics that baseball uses. Poker labs around the world are consistently running hand simulations over and over again using different situations that the computer creates, and if you don’t keep up on those statistics you cannot win in a live game at a casino. I’m not talking about a straight two limit game. I’m talking about poker starting with 5/10 games and up. Great players will win over 65% of the time. When they lose they loose to the variance. Poker is a long term plus game. Good and great players WILL make money! Notwithstanding all that, I have seen people sit down at a poker table and lose tens of thousands of dollars in an hour. It just looks so easy. It’s really so damn hard!

So here’s the thing. Life isn’t easy. Sometimes it deals you a pair of kings at the same time it deals your opponent across the table Aces. In other words you’re an 80% underdog at that moment in time with that particular hand and that’s how life works too. People get bad breaks and get into debt. People fall into debt due to health emergencies. People fall into debt for a myriad of reasons. Auto repairs, new air conditioning, kids going back to school. Sometimes their car just dies. Debt is dangerous. It can destroy families. My point here is why tempt fate. I know many people who frequent casinos and have gambling problems.These are people that borrow like crazy because they always think they can make it back. Actually we can help them. We can offer them debt relief through payday loan debt consolidation, along with credit card consolidation too. Consolidating your debt along with understanding that you might have a problem can you keep you out of debt for the rest of your life. I know many people who have signed themselves out of casinos in essence banning themselves from entering the property. Once the camera sees them they are escorted out. Don’t fall into that loan trap, especially the payday loan disaster. Don’t pay 600 or 700% interest while paying your bills. That’s what those payday lenders can and will charge you. We wouldn’t walk in front of a moving car because we can’t survive. That’s a battle we will lose to the car every time. It’s the same thing with gambling. You cannot Gamble and win. You cannot take payday loans and pay the exorbitant interest rates without creating an immense amount of pressure in your life. If you’ve already done that and need payday loan relief give us a call. Our payday loan debt consolidation program has been saving lives and families for 23 years. We are A+ rated with the BBB and have an exceptional track record of service. We are an old staid company that cares.

28 Feb 2020
corona virus threat

Payday Loan Consolidation for you when you Need It!

In this blog post I’d like to talk about the bottom line in debt consolidation for payday loans. There’s a lot going on in this world. Sometimes it almost feels like the world is coming to an end. Today, on Thursday February 27th 2020, many people are having financial difficulty add or financial fears on many different levels. There is so much going on. It’s all set up like a row of domino’s that have started to fall in unison.

Confirmed Corona virus Cases

The coronavirus has finally gotten here. It’s taken hold in China and it is finally abating. South Korea, Iran, Italy and many parts of Europe and the list goes on. This domino falls into the financial markets, closes down factories and that effect bleeds into the stock market. The stock market tumbles and it’s like the food chain. Factories can’t produce and inventory Runs low. Retail, has less to sell and the people lose jobs. That’s where the trouble starts. Financial problems are the most stressful part of family life. Yet they exist and we have to deal with them. When we only have dollars going out with no income coming in people tend to make desperate decisions based on emotion as opposed to being based on logic.

debt consolidation loans

They turn to payday loans. It’s quite understandable that somebody who had a family and was desperate to pay their bills would do something like this. Eventually the inevitable happens. That 6 or 700% interest rate becomes a financial burden and eventually becomes unaffordable. Many folks roll these loans into new loans and it ends up simply being a device which takes from Peter to pay Paul. It’s an endless circle that can go on and on. The bright light at the end of the rainbow is that there are companies that do debt consolidation for payday loans. What is debt consolidation for payday loans? It’s simply having your lender working hand-in-hand with the payday loan debt consolidation company and reducing your interest rate down to zero so you can pay these things off once and for all…

fico scores lower rates

When paying off these payday loans it helps immensely to use a payday loan consolidation company that has a track record. What I mean by a track record is a company that has been in business for over 20 years and is highly rated by the better Business Bureau. Those two things give the payday loan consolidation company that you’re using the track record and the credibility of being around for a very long time which in turn gives the client a level of comfort that they need by letting them know that there is a large reputable company on their side. In the payday loan consolidation business reputation is everything. Payday loan lenders pick and choose in a discriminating way when deciding which payday loan consolidation company they choose to work with. They do not work with all of them. They look for companies with a really good payday loan consolidation program. In this circumstance a really good consolidation program is one in which the customer always feels safe and protected and consequently because they know the job is getting done by a company that cares will make the payments right down to the very end ensuring that the lender gets paid back. A really good payday loan consolidation program let’s the customer know what’s going on every step of the way. Everything has to match. That way the creditors calling stops. There are no lawsuits being filed add this payday loan consolidation program has worked for the consumer. It’s a very simple process that can be made very difficult by a company without an ongoing track record with the creditors that they work with. a really good payday loan consolidation program is essential to being successful in paying off these debts. You paid off your payday loans. Unfortunately most people don’t know how easy it can be.the payday lenders certainly don’t advertise it, and most people just don’t think about it. They just figure they have a debt and they need to pay it. Many of these people live in small towns and the very people who own the lending companies are people they see from day-to-day. As we all know it be very embarrassing running into somebody who you are indebted to.You’d never want to be in a situation like that. The good news is you don’t have to be. You paid off your payday loans! You never have to be in that situation again. That is an absolute. There’s always an alternative solution. But at this point the bottom line is lowering your payday loans using payday loan consolidation. Proof positive that it works. You embark on a new life path. Your life has been changed for the better by payday loan relief. One last point about paying off your payday loans. It should never be this difficult. This has been mentioned on this site before. We’ve talked about it in our videos. Victims of ridiculously high interest rates shouldn’t have to use payday loan debt consolidation to fix the problem and the reason for that is there should be laws to protect them. As a consumer you need to write to your local legislators and tell them what the problem is. Tell them that you’re not going to put up with it anymore. Tell them that if they don’t start fixing it you’ll be going door-to-door with petitions to have them removed from office. Payday lenders can still make money at extremely high interest rates. There needs to be a cap. If the interest rate has two be 25 or 30% for the convenience of instant Cash and protection against some of these loans not being repaid so be it. 200, 300, 400, 500, 600, and 700% will never be an acceptable risk mitigation interest rate as far as any consumer is concerned…..

consolidate payday loans

If all the gears mesh perfectly and the program runs smoothly, you the customer are eventually provided with payday loan relief. It sounds so simple. Payday loan relief. Now here’s the catch. It’s only payday loan relief if you are able to stay away from those payday loans and not look backward. You must never use them again. Getting help with payday loan debt is nothing to be ashamed of. Debt happens. It happened for many different reasons. Not unlike the reasons I explained in the beginning of this post. Asking for help is not weakness. Asking for help shows strength. Asking for help with payday loan debts shows strength and a distinct understanding that there are some things that you cannot do yourself. There’s no shame in that. The shame would be not pay these things off add continue to pay for them for years. By not asking for help you do yourself a disservice. I believe in what we do. I truly believe that that consolidation for payday loans is the only way to go when you need to get out of payday loan debt. As a company that has been in business for 22 plus years Federated Financial has become a torchbearer in the industry. An innovator writing the rules when there were none. Setting up people to pay their bills when they thought they couldn’t do it. And then they did it. When you are mired in debt and looking for a good payday loan consolidation program look no further than the site that your on.if you work with us payday loan relief will be right around the corner. That’s because we care!

23 Feb 2020
best debt consolidation company

The Best Option for Payday Loan Debt Consolidation?

You have taken a payday loan. I’m sure there was a good reason. No one takes payday loans to go out and have a good time. As the weeks go by the interest mounts consequently not allowing you to pay much principal with every weekly payment. One day you wake up and you realize you’re walking on the debt treadmill. How do you get off? There’s no easy answer to that question. There are a lot of complexities involved and it all depends on your situation. If you do find yourself deep in Payday loan debt the biggest impediment to retiring that debt is the enormous amounts of interest you are being charged. I have a chart in this blog that will show you all the states and the interest rate they allow payday loan companies to charge. It can run you up to 700% annually.

It edition this chart will show you whether payday lending is legal in that any one particular state. Refer back to that. It’s just a couple of articles back. Payday loans might not even be legal in your state. For now, let’s proceed under the assumption that they are. That’s why you’re on this blog and on this site. My guess would be that you have visited other sites too, and you’re trying to make a decision as to who you’re going use to consolidate your payday loan debt.I think the two most important things you need to look for are longevity, as in time in business, and a combination of trustworthiness and credibility. Having written that I can actually think of only two companies that you give you both. I’m not going to talk about anyone else’s company, except to say that I know the man who is the owner of that company and he has integrity just like we do. So I’m telling you that if you see 100 ads in these categories for payday loan consolidation companies and you are confused I don’t blame you. I’m going to tell you to choose us!!!! Talk is cheap but I can prove what I say. We are now in our 23rd year of business. A lot of people can say it but I’m going to show you. Click this link. We incorporated January of 1998. That would put us the category of over 22 years, or in our 23rd year.

VISIT our SunBiz.org Business Listing Here

In addition we are recognized for our excellence by the BBB. We have been rated A+ and we have been for many many years. We are members since 1999. So what does that mean to you? It means you are dealing with a company that has forged trusting relationships with all of your creditors. It takes two components to make a company like ours work. First our clients. We make promises to our clients and we wouldn’t be able to keep them if it wasn’t for our relationships with their creditors. Creditor participation is huge.

Many of these new companies that are popping up don’t have these kind of relationships. A lot of them aren’t even recognized by specific creditors at all. Our longevity is one of our greatest advantageous. The BBB ranking speaks for itself. What I’m telling you here, is if you want to deal with the best just pick us. We will treat you like family and this program works!

19 Feb 2020
Payday Loan Consolidation

The A B C’s of Budgeting

The A B C’s of Budgeting – (Always Be Counting) & (Amazing Bogo’s r Cool)

As we start this next foray into how to save money I thought we should start at the supermarket. The goal here is to ameliorate your debt. Here in Florida we have Publix supermarkets but I assume this is pretty much standard operating procedure all over the country. I’m talking about buy one get one free. I came out of the supermarket yesterday and looked at the receipt and it told me I saved $43 and change. It was just one of those days. Everything I came to buy was two for one. I don’t know why. That part is certainly a once-a-year occurrence. Kind of like playing a slot machine and winning. I do know that when they have two for ones and your family enjoys what day are literally giving away, try and buy four for two. Seriously, take advantage of a really good deal. I do. Now yesterday was the exception. Everyday is not your personal Bogo day but with a little bit of creative shopping you could make it so. What I mean is this. Can anybody taste the difference between Pepperidge farm and Arnold’s bread? Especially when it wraps up a peanut butter and jelly, or a great turkey and cheese sandwich? I believe the answer is no. Does it really matter if Zephyrhills, or Eternal Springs water is the BO-GO of the week? Not if you’re on a budget and you’re always counting what you spend in the grocery store. The difference between premium products is usually very slight. I’m a diet Pepsi guy and I swear I can tell the difference between diet Pepsi and diet Coke. Who cares? I’d rather have two for the price of one. Bought some Chobani yogurt yesterday. They come in four packs. I bought four, four packs for the price off two. I think you see where I’m going with this. is Janis Joplin sang years ago in a really great old song “Get it While you Can”!

Also remember to “always be counting”. If you have a budget for groceries stick to it. You can do the math in your head as you walk the aisles. Rounding off numbers even within $10 is just fine. Always save your money. Saving money is imperative. If you’re on this site I’m sure you’re well aware of that. The key to getting out of debt and staying out of debt is knowing what you’re spending and where you’re spending it. Unfortunately, many people turn to Payday loans. They’re a deadly trap. If you find yourself in that position, payday loan debt consolidation is the answer. We are one of the oldest and most respected payday loan consolidation companies in the industry. We’ve been consolidating these loans for the last 23 years and we are highly rated at A+ by the BBB. Read our site. Watch our videos. You will be helped just by doing that. Our site is extremely informative and all of the information is up to the minute new. If you feel that you’re curious about payday loan debt consolidation and still not sure of exactly what it is after reading our site please call us or simply fill out the form on one of our pages to speak with an accredited debt counselor. No pressure. We can help you 99% of the time. We want it to work for you. We care.

17 Feb 2020
Payday Loan Consolidation

The Geography of Payday Loans in United States

The Geography of Payday Loans in United States: I was curious. I decided to print out a list of all 50 states and and the District of Columbia to see which states were most protective of their consumers and which ones weren’t. I’m specifically referring to payday loans and the enormous interest rates payday lenders charge.
 
I wanted to see which states were able to keep those rates in check and which ones didn’t seem to care. I’ve been in this business for many years and even with all my years of experience the results still shocked me. The first state that completely caught my eye was Connecticut. This is a traditionally Democratic state with the Democrats carrying the last seven presidential elections. As I guessed, Connecticut is a state where payday loans are illegal. Washington DC is true blue also. it’s the hub of the government but traditionally a blue District. It makes sense that in Washington DC payday loans are illegal. Arizona was the first state I noticed that didn’t follow the red blue pattern. Except for Bill Clinton‘s win in 1996 Arizona has voted Republican in every presidential election since 1952. Payday loans are illegal in Arizona. In Georgia the Republican nominee for president has won the state in every election since 1996. In Georgia, payday loans are illegal.
 

State

Max Loan Term Interest
(simple term)
Alabama $500 31 days 17.50%; +3% after default
       
Alaska $500 >14 days 17.5% + $5 fee
       
Arizona Zero    
       
Arkansas Zero1    
       
California $300 31 days 17.65%
       
Colorado $500 ($500 max at any one time) >6 months 20%: $0-$300 + 7.5%: $301-$500
       
Connecticut Zero    
       
Delaware $500 (5x/year); $1,000 max at one time 59 days No Limit
       
DC Zero    
       
Florida $500 & no more than 1 loan2 31 days 15% plus unlimited verification fee
       
Georgia Zero    
       
Hawaii $600 32 days 17.65%
       
Idaho $1,000 No Limit No Limit
       
Illinois $1,000 or 25% of borrower’s gross monthly income, whichever is less 120 days 15.50%
       
Indiana $550 or 20% of borrower’s gross monthly income, whichever is less >14 days 15% for first $250; 13% for $251-$400; 10% for $401-$500
       
Iowa $500 max & not more than 2 loans 31 days 16.67%
       
Kansas $500 & no more than 2 loans 30 days 15%
       
Kentucky $500 & no more than 2 loans 60 days 17.65%
       
Louisiana $350 30 days 25%
       
Maine $300 No limit 15% for up to $200, 25% for $250-$300
       
Maryland Zero2    
       
Massachusetts Zero    
       
Michigan $600 31 days 15%
       
Minnesota $350 30 days Variable3
       
Mississippi $400 30 days 20% <$250; 22% >$250
       
Missouri $500 31 days 75%
       
Montana $300 31 days 36% APR (not simple interest) + $1.39/$100
       
Nebraska $500 34 days 17.65%
       
Nevada 25% of borrower’s gross monthly income 35 days4 None
       
New Hampshire $500 30 days 36% APR (not simple interest) + $15.50/100
       
New Jersey Zero    
       
New Mexico $2,500 (25% of monthly gross income cap) 35 days 15.50%
       
New York Zero    
       
North Carolina Zero    
       
North Dakota 500 (or $600 outstanding) 60 days 20%
       
Ohio $5002 (4 loans permitted/year) >31 days 28% APR2
       
Oklahoma $500 45 days 15%
       
Oregon $500,005 31 days-60 days 36% APR
       
Pennsylvania Zero    
       
Rhode Island $500 & no more than 3 loans1 >13 days 10%1
       
South Carolina $5,506 31 days 15%6
       
South Dakota $500 No Limit No Limit
       
Tennessee $5,001 31 days 17.65%1
       
Texas No Limit2 >7 days 12%2
       
Utah No Limit 10 weeks No Limit
       
Vermont Zero    
       
Virginia $500 2x borrower pay cycle 20% fee + 36% APR
       
Washington $700 or 30% of borrower’s gross monthly income, whichever is less 2x borrower pay cycle 15%
       
West Virginia Zero    
       
Wisconsin No Limit 90 days No Limit
       
Wyoming No Limit 1 calendar month $30 or 20%/month max
       
Notes 1. In this state, online loans follow the lender’s state laws, and not the borrower’s state laws.
2. In this state, lender may be regulated as a credit service organization (CSO). Generally, a CSO does not need to be licensed so there is no limit to the maximum loan or finance charge.
3. Minnesota: (i) On any amount up to and including $50, a charge of $5.50 may be added; (ii) on amounts in excess of $50, but not more than $100, a charge may be added equal to 10% of the loan proceeds plus a $5 administrative fee; (iii) on amounts in excess of $100, but not more than $250, a charge may be added equal to 7% of the loan proceeds with a minimum of $10 plus a $5 administrative fee; (iv) for amounts in excess of $250 and not greater than $350, a charge may be added equal to six percent of the loan proceeds with a minimum of $17.50 plus a $5 administrative fee. After maturity, the contract rate must not exceed 2.75% per month of the remaining loan proceeds after the maturity date calculated at a rate of 1/30 of the monthly rate in the contract for each calendar day the balance is outstanding.
4. Nevada: May be up to 90 days if: (a) The loan provides for payments in installments; (b) The payments are calculated to ratably and fully amortize the entire amount of principal and interest payable on the loan; (c) The loan is not subject to any extension; and (d) The loan does not require a balloon payment of any kind.
5. Oregon: 36% APR interest plus $10/$100 origination fee up to $30  
6. South Carolina: Transaction may be handled as a consumer installment loan, not a “payday loan” per se, so there is no limit to the maximum loan or finance charge.

* Tribal lenders are not regulated by or subject to state laws

I really thought there would be a correlation between red States blue States and the legal status of payday loans. Boy, was I wrong! This is not a scientific experiment by any means but prevailing logic would imply that red is way more conservative that the liberal blues. Before I looked I assumed California would be another state that would ban payday loans. Although the interest rates have been capped at almost 18%, that’s computed as simple interest, they have still not eradicated payday loan companies from their state. As all of us know California aspires to be the United State of California and secede from the union one day. That’s liberal!I believe what I’m trying to say is that there’s no pattern to these laws. When I printed this list, I thought it would be very different. After going through it, there was one thought that took root in my head. I was wondering why industries like these are not federally regulated. I was wondering why payday loan companies weren’t regulated by the Consumer Financial Protection Bureau? There’s a two-word answer to that and her name is Kathy Kraninger. If you’re curious, go back to September, October, and November in the blog and read a little bit about her.

So I continue to ask myself, why is there such a disparity between legal states and illegal States, and ongoing interest rates in the states that payday loans are legal? There is no logical pattern. I have one more interesting thought about it. Take a state like Missouri. Missouri has an interest rate cap of 75% compounded daily. Over a year, a $500 payday loan would cost $1,057.69 in total to pay off. Do the math. By the way, that’s low end of the spectrum. Interest rates can run up to 700% annually depending on the paperwork you sign. Let’s get back to the problem at hand. I’ve written about this before. The problem always reverts back to usurious interest rates that would be illegal in any other business, being charged on payday loans. What can consumers who are desperately in need of quick cash do about this?

The answer is, write write write! Write to your public servants and tell them! The Consumer Financial Protection Bureau was created by President Obama to protect the public and police businesses like payday loan companies. President Trump has handcuffed this Federal agency by putting people he has handpicked himself in positions of power. Most recently, President Trump asigned Kathy Kraninger to that post and before her, Mick Mulvaney was the head of the CFPB. If you Google Mick Mulvaney you’ll understand his politics.

My question is this. Why does our Republican President protect payday loan companies? Im really curious about that. I do understand that our president is pro-business but in these times we’ve noticed that many of these payday loan companies are actually owned by native American tribes. This is interesting because upon researching the tax status and obligations of native American tribes, I’ve noticed that there are many different treaties that have been signed by many different tribes and consequently all Indian tribes don’t pay the same federal income tax. Some pay way less than others. That brings me back to my initial question. Given that much of the payday loan industry is run by native American tribes, why does the federal government allow them to eviscerate the wallets of the people who can least afford it when the federal government cannot tax the eviscerator like they can tax regular privately owned or publicly traded companies? Good question and I have no answer.

In some of my videos I mention it’s time for people to write to their legislators and tell them that they’re sick and tired of paying loan shark interest rates and if said legislator does not work hard enough to eradicate our country of this parasitical industry they will be voted out of office. That’s really the only way to effectuate change. As a child of the 60s I remember the power of protests. If you do find yourself stuck is the muck of payday loans contact Federated Financial Payday Loan Consolidation. Our number is on the top of the homepage as well as a little box to fill in three or four quick pieces of information.

Bottom line is if you give us a call or send us a form we can start helping  immediately after speaking with you. Read the chart. Choose your state and see what’s going on there. If you need us choose us!. Federated Financials’ 23 years in business and our A+ BBB rating speaks for itself. We Care.

15 Feb 2020
payday loan consolidation

Happy post Valentine’s day ❤

This is going to be an article which will make me look like I’m Scrooge. That’s not so. I don’t hate Christmas and I certainly respect what it stands for. I hate all of ’em!!!!!! I’m WORSE then Scrooge!!!All of the holidays that were created by the media and corporate greed to put the American Consumer behind the eight-ball so to speak and keep them in debt. We all know the debt creates desperation and that desperation creates borrowing. Holding that thought, borrowing or using your credit card on Valentine’s day can put you in a situation where you need a quick fix. Your credit card bills are due and the money is not there. Consequently, you take a payday loan.. and then the fun begins. For the Payday Loan company, not you. We’ll talk about how to fix that in a minute. Payday loan consolidation always does the trick or at least in 99% of the cases it does.

Now back to my holidays. I just wonder how much your Valentine’s day dinner and your Valentine’s day present to your sweetheart actually cost? Before we figure that out though let’s go back to the last big one. Christmas! As I recall Christmas celebrates the birth of Christ. When I was young and growing up I attended religious school. nowhere in the curriculum was there a mention of spending thousands of dollars on gifts for your loved ones. Why do we still do that? After all if we are going to give gifts on Christmas perhaps we should give those gifts as donations to the church. After all we’re not celebrating the birthday of every person in our families we’re celebrating the birth of Christ. I don’t get it. I don’t understand why every American or just about every American goes out around Christmas time and buys thousands of dollars worth of items they cannot afford. I do understand though I really do. This is a bunch of garbage thats perpetrated upon us by the newspapers, television and the mass media, fueled by major corporations and extreme corporate greed. And we can continue to run through these days. The Jewish people celebrate Hanukkah. To me, the spirit of the holidays been lost… As I recall that holiday is all about the oil for the lamps in the temple lasting 8 days and not just one. Is there a spot I’m missing in the old testament where God says give the children gifts? This has to sound pretty funny to you right now, does it? Come on tell the truth, you’re laughing now! Then we have my two favorites. Mother’s day and Father’s day. We can’t buy our mom’s or dad’s a present on one of those two days and say to ourselves okay, this makes up for me being really nasty to you all year. That’s not what life is all about. Honor thy mother and thy father! One the ten commandments, and secularly the way we’re all supposed to live our lives. Yet these days that were created by the government have been bastardized by major corporations and turned into gift-giving days. Mother’s day was signed into effect on June 19th 1910 by President Woodrow Wilson and 58 years later the day that honors fathers became a nationwide holiday in the United States. My parents have been gone for years now but I still celebrate mothers day and Father’s day, everyday. they are always in my thoughts and when they were with us I always treated them with love and respect.

Now to the reality…. If you have run up debt during these holidays you might need help. If you do we are here to help you. If you’ve run up credit card debt and you can’t afford to make the payments call the number at the top of the homepage on this site. There are certified counselors on staff everyday that are more than happy to help get out of debt. In addition, if you’ve used the payday loan solution to cure this problem you need help quickly. In most states payday loan interest can run you anywhere between two hundred and 700% annually. We are an old respected payday loan debt consolidation company. We can work with your creditors and in most cases have them reduce your rate to 0%. In addition, we can get you a lower payment because if you’re paying 0% interest you can simply just pay off the principal. Payday loan debt consolidation works. So does credit card consolidation. Use them if you need them. We are glad to help. Remember this article. This could be part of a primer called managing money 101.