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Payday Loan Relief Companies Post Covid

To talk about how payday loan companies are doing today, and what the payday loan landscape looks like, we need to go back to the beginning of the pandemic. Many people thought the payday loan industry would go through another huge spurt of growth, given that so many were either out of work or couldn’t work. why is it essential to consolidate your payday loans today

It just didn’t happen that way. There was one thing that wasn’t figured into this equation. Free government money! Nobody thought for a moment checks for a minimum of $1,200 would go out twice. And keep in mind the unemployment checks were going out on a regular basis too.

During the worst part of the pandemic almost all the states made it easier for most households to obtain loans that were more conventional, and cost much less than the old-fashioned payday loan. In addition, the Small Business Administration started their paycheck protection program and helped many businesses stay afloat. This in turn changed the way payday loan companies were thinking. They didn’t get the big jump in business they thought they would. In addition, with Federal relief and child tax credits being available, much of the need for taking out high interest payday loans was removed. Furthermore, there were more defaults on payday loans than usual. Payday loan defaults were up 17% in 2020. Predatory lending demographics

Given payday loans are already a risky proposition for the lender, the17% default rate put another monkey wrench into the payday loan machine. Of course, payday loan providers were still making money and lots of it. Many payday loans carry an average APR of 400 to 500%. With fees tacked onto the interest rates payday loan lenders were not hurting and as a matter of fact more than likely never felt the 17% loss of revenue which resulted directly from lockdowns and closed businesses. Payday loans are illegal in 18 states. 32 states still allow access.

But even those numbers are skewed. Throughout the years, many payday loan companies have partnered up with native American tribes and are hiding behind the curtain of sovereign, indigenous people’s land. Internet advertising is a doorway into States that have outlawed payday lending. Once the door is open payday lenders associated with native American tribes can flaunt the law with impunity. Consequently, we can assume with much accuracy that payday lenders work in all 50 states. Extrapolating on that thought makes it crystal clear that payday loan companies were working in all 50 states during the pandemic.

 

payday loan consolidation for you when you need itThat doesn’t negate the fact that payday revenue was down 17% across the board. This number came from a survey of Payday loan companies and have no source of verification. The Washington Post reports that over $500 million in federal relief money granted during the pandemic went to debt collectors working for payday loan companies. Small business collection agencies. Alot of that debt was more than likely incurred before people were put out of work. All these facts and figures are interesting because most people think that payday lending is a niche market, consequently not affecting them. That’s not the case when 500 million dollars of government funds are being snatched up by these companies. Here’s the kicker. More than 1800 small business loans were given to debt collectors and high interest lenders, AKA payday loan companies with the aid to these businesses topping off at more than 580 million dollars. Taking the 500 million dollars in collection, and adding it to the almost 600 million that was given to the collection agencies is the Stark reality people need to understand. Payday loans affect all of us All of the above begets the final question. What is going on today in the payday loan industry? In my opinion it’s the same old same old. We live in a time where certain things just can’t be stopped. With the advent of online advertising, and the universal access people have to the internet payday loans will be a permanent part our society for the long and distant foreseeable future. As a PostScript to all of this, payday loans were initially conceived to help people who had an unexpected expense, or situation that that was difficult. Payday loans in their original form were good.

The reality is that like most things profitable they were oversold to the wrong people consequently bastardizing the original concept. Even in the form they take today, used properly by the consumer with tiny little bit of altruism, and honesty from the issuers, payday loans can still help people. Unfortunately, business doesn’t work that way. Hence the bottom line. Payday loan companies continue to flourish, making those who run them very rich. They have during the pandemic, and they have before the pandemic. One day payday loans might end up being the world’s second oldest profession.

 

Federated Financial Wants You To Be In Charge Of Your Money

Most payday companies won’t advertise that their loans come with interest rates that will cost more than the loan itself. ConsumersDebt Weight are paying a hefty price for a quick cash injection but the underlying costs are usually too much for anyone to bear.

When you contact Federated Financial, they will make the effort to help you take control of your financial situation. Not only will they make your debt manageable so you can get it paid off, but they will also make sure you understand every step along the way. This way, you will stay in control of your money. If you’re tired of handing the majority of your paycheck over to lending companies, then it’s time you take control. Give Federated Financial a call to find out where to start.

 

By |2022-03-15T12:26:03+00:00March 15th, 2022|Categories: Current Events, Payday Loan Consolidation|Tags: , , |Comments Off on Payday Loan Relief Companies Post Covid

Four days till the election!

Yes, it’s four days till the election. History will more than likely describe this election as the election of the millennia. Without a doubt, the most important election any of us will ever see. I’m writing this post as an independent. I changed my party affiliation over the last couple of days. I voted last Saturday. We have two choices and neither of them is great. Two Senior citizens asking for your trust and of course your vote. Nobody knows who’s going to win this election or even has a clue. After 2016 I think all the polls are garbage. So many people are silent about their voting preference or don’t tell pollsters the truth. First off, no matter who you’re voting for or who your favorite candidate is you must get out there and vote. Our fathers and I’m talking about my father’s generation,  to fight a war for our freedom back almost 80 years ago. They died on foreign soil so that we might have the right to do exactly what I’m telling you to do now. You’ve just got to vote. But who do you vote for? Do you vote for the Challenger, a man with almost 50 years’ experience in government? Forget about what Donald Trump says about Joe Biden. They’re opponents and they’re not supposed to like each other. Joe Biden has many years of experience, under his belt, and he’s been through just about everything anybody could have seen in their lifetime. As a senator and then as vice president of the United States, Joe has seen all. I think he possesses a certain empathy for the people and a real love for this country. Donald Trump is a different kind of president. He’s not a Republican in the sense that I knew Republicans when I first started to vote back in the 70s. It’s all about the economy and the money. I’m not saying that’s bad. That’s his message. The people and the country run a distant second to what’s important to him. In normal times that’s all that counts.

 

We don’t live in normal times. It’s a frightening time. 

It’s a time where people we know are dying. The sad part about that besides the loss of human life is all that death and disease could have been and still could be greatly mitigated. Our president has chosen to eschew masks. I believe from the beginning he thought that masks were a sign of weakness and it was a weakness he didn’t want to show the public. I’m not going to make any Kind of political statement in this blog today because that’s not what I wanted to write about. Basically, I wanted to just tell people to vote. Exercise your right and effectuate change. Every single vote counts. Your country needs you now. You need to vote and vote today. Do not mail in your ballot. If you have a ballot by mail go down to your polling place and drop it in the box. If you don’t, you’ve got to stand online and exercise your power of choice. That’s what this country is all about. Many great men over the last almost 250 years have fought and died for your right to vote. Honor them. Do your patriotic duty. Vote and wear masks!

 

You have come to this site for a reason. You have problems with your payday loans. You need help and you need it quickly. These advance loans make financial survival difficult. If you need help, you’re in the right place. Federated Financial is a 23-year-old payday loan consolidation company with an A+ rating with the BBB. We can help you. We can help you get out of debt and lower your interest rate down from a high of up to 700% APR all the way down to zero. In turn, this will lower your balance and lower your monthly payment. Times are tough now. Money is getting tight. Work with the oldest and the best. We can help you and most importantly we care!

 

Unemployment requests jump and some people just don’t seem to care!

We can help you with your payday loan consolidation

Job reports came out this morning and the numbers don’t look good. Almost 900,000 people applied for unemployment last week. The nation has been hovering around 800,000 new claims each week and it took a jump today. People not only aren’t going back to work, but more are losing their jobs. Where are our leaders? In the last couple of weeks both governors, Ron DeSantis of Florida and Governor Greg Abbott in Texas have allowed stadiums to open to full capacity. I watched the Texas A&M Florida game last weekend and I was shocked at how many maskless people there were in a crowd of 40,000. Florida comes home and announces that they’ll have a full house this coming Saturday. 80,000 people in the Swamp? Thanks, Governor DeSantis. Another spectacular job you’ve done there. It doesn’t look like it’s going to happen. Fate dealt with these poor kids who play football and totally rely on their coaches who are their mentors to protect them a horrible blow. 19 of those kids came down with coronavirus this week. That’s 19 boys because lets are real here. 18 and 19 and 20-year-olds aren’t fully grown men between the years yet especially in a protected college setting. They were let down by the people they trusted the most, their coaches and state government. It doesn’t look like Florida’s playing anything this weekend but the quarantine game. It’s really sad. These kids don’t get paid yet they can get sick. Numbers are spiking all over the country, yet these two governors say take off the masks and let’s play some football.

 

And now I digress for a moment. Why are there 900,000 unemployment claims this week? These are new unemployment claims. That’s because companies are going out of business for good given that some of our elected officials don’t recognize that there is an absolute pandemic still alive and well and growing in this country. These college kids are just pawns in the game of life to these universities and are just money-making machines for their schools. That would be not for themselves but for their school. Truth be told, our leaders don’t seem to give a s*** and it looks like the plan here is to achieve herd immunity. We saw how that worked out in Sweden. NOT!! I throw my hands up in the air when I see stuff like this and I want to stand on top of the Empire State Building in New York with the biggest microphone on the planet and scream “get out there and vote vote vote!!!!”

 

This is why people are out of work. If you are on this site because you’re having financial problems we can help you with your payday loan consolidation. Don’t be one of those people who should have done it. People went back to work and went back to the old way of taking payday loans. These loans are now going to bite almost everybody that has one, especially if these people lose their jobs. Let us help you get rid of those advanced Loans now before it’s too late. Federated Financial is a 23-year-old company that is rated A plus with the BBB. The Better Business Bureau has bestowed its highest rating upon us. There’s a reason for that. We do a great job. In most cases, we can reduce your interest rates all the way down from a high of 700% right down to 0. If you need help, start changing your financial future today. Call us. Our number is right at the top of the page. If you’d prefer to fill out our short form and somebody will get back to you during business hours….. within a half hour. We are highly respected and most importantly, we care!

Staying healthy in the time of covid-19 and keep paying your bills!

Conclusion

It’s been an interesting weekend in America. I’m going to be nice. Before I’m nice I will say that I am a lifelong registered Republican. So, most of America is back to work. We all want to stay healthy. We want to take care of our lives. We want to earn a living, take care of our families, and stay away from COVID-19. We do not want it to make us sick. We’re living in a world that’s different. They call it the new normal and it might be the new forever. Perhaps it’s a better way to live than we had before. We will find out as time goes by. We need the vaccine but not until it’s safe. Vaccines work! If anybody doesn’t believe it, Google the word polio. Google the word measles. Google the words whooping cough. I could go on and on. My generation. The people who were born after 1955 never see those diseases again. They were eradicated from this planet with vaccines. Vaccines work! In order to stay healthy during this pandemic, when the vaccines become available to common folks like us we must take them and trust. My parents and all the parents who had children back in the 50s made sure we the children were vaccinated. Until the time comes when there is a safe COVID-19 virus wearing masks, social distancing, and quarantining ourselves if we get sick or suspect that we could get sick is an absolute must. I honestly don’t know anyone who has gotten sick wearing a decent mask and I’m not talking about the paper crap or the cloth. I’m talking about a decent respirator mask that can be purchased for pennies more than a dollar right now.

 

Unfortunately this weekend many were given a message that just isn’t true. Here’s where I’m going to be nice. We won’t mention names. We need to be afraid of COVID-19. It’s killed over 200,000 Americans. That’s something to be afraid of. It’s real. A certain VIP was diagnosed, allegedly last Friday, but it could have been last Monday because nobody’s telling. Fast forward and he’s out of the hospital on Monday night. He’s still positive but he’s going to quarantine at home and do his work from there. The problem is he tweets too much. He tells the public, do not be afraid of COVID-19. He tells the public that masks aren’t particularly necessary, see Any Coney Barrett’s introduction 2 weeks ago, and you’ll see what I mean. Including this particular person, 19 people are sick from that event. How sick, who will recover and who won’t is still up in the air! We do not know. Nobody social distanced, nobody wore masks. People need to be told what to do and the person who has the most power to do that is not telling the truth. So my message here is very simple and three-fold. Wear the damn mask. That should be a mandate. Social distance. Maintain at least 6 ft between you and whoever you’re speaking with. And, then you can go to work every day, feed your family and not worry about money. At that point, you can pay your bills. It’s a nice feeling to be able to take care of yourself. If you’ve run into problems with your payday loans Federated Financial can help. Federated can consolidate them in most cases at a 0% interest rate. We’ve been in business for 23 years and are rated A plus with the BBB. Just a thought because you’re on this site. Check out our videos for more information about our company.

 

Last thought. Don’t believe everything you hear or see on TV. Especially when it comes from a house that’s white. The man who lives in that house, that house that is white has a heart that’s black. He cares little for anybody at all except himself. Note, when someone gets out of the hospital and still tests positive they wear their mask when they walk inside their home. The man in the beautiful old historic house that’s white, can’t even protect the ones he loves by doing that one simple thing.

Is it time to get out of debt? Payday loan consolidation can help!

And so we have a presidential election coming up on November 3rd. Biden is leading the polls, but so was Clinton back in 2016. On Tuesday night the 29th Biden and Trump will square off in their first debate. I believe that this debate could be a major factor in deciding the results even a little more than a month ahead of the general election. A lot of noise has been made about the cognitive abilities of both candidates. I’m not a doctor but it seems to me that under pressure Donald Trump might have the advantage. He’s still quick on his feet with a retort and unfortunately, Biden isn’t. His latest gaffe came the other day when he said that 200 million Americans have died from COVID-19. I know he meant 200,000 and so did everyone else watching but the fact remains he still said it. In addition, he said it in front of a friendly audience with no pressure upon him. Trump lies, but Biden forgets. The forgetting part is scary. I believe that short of taking the same pill that Bradley Cooper took in the movie Limitless, Joe Biden is going to have a real tough time without a teleprompter. How does this affect you?

 

I don’t think you came to this site to read about the presidential election or the debate.I assume you’re here because you have payday loan debt. In my opinion, the Democrats seem to be way more stimulus friendly than the GOP. In other words, my bet is on more money for the people if we end up with a Democratic president in office and especially if the Democrats win the Senate. These are strange times we live in. The whole country is divided. Somebody has to step forward and bring it together. If you’re here because of your Advance loans we can help you. Federated Financial has been in business for 23 years and has built relationships with your creditors. In most cases your creditors will reduce your interest rate down to 0% for us, helping you get out of debt in a quicker and less expensive way than you could do so yourself. Just fill out the form on our home page or give us a call and it would be an honor to be the company you chose to help you!  Federated Financial is an A-plus with the BBB and most importantly we care

By |2021-06-16T07:35:37+00:00September 24th, 2020|Categories: debt-consolidation, Payday Loan Consolidation|Tags: , , , , , , |Comments Off on Is it time to get out of debt? Payday loan consolidation can help!

Why let Federated Financial consolidate your payday loans?

When I go out to buy a car, I walk into the showroom and ask for the most experienced salesperson there. I want to do business with a person who’s worked at that dealership for a long time. About now, perhaps you’re thinking isn’t this a payday loan debt consolidation website? Yes of course it is, but the analogy is pretty simple. That salesperson with tenure, who I am about to torture has been there for a long time for a reason. He has a loyal customer base that every three years will come in and release a car. He treats people with respect and honesty. If he didn’t he wouldn’t last at any dealership because eventually, nobody would want to do business with him. He has product knowledge. Working at a job for a long time provides you with that knowledge, and makes you continually learn what’s going on in the industry with your particular products. This car salesperson wants me to come back in 3 years when I’m ready for a new car. He’s a long-term player. I’m sure the analogy has become clear

Federated Financial is the best at consolidating your payday loans. They’ve been doing it for 23 years with an A+ rating bestowed upon them by the BBB. Honesty and integrity provide you with an experience that you’re not going to get from a startup or a company that hasn’t dealt with your creditor’s thousands of times before. When a creditor gets correspondence from us, telling them that Federated Financial will be handling your payday loan debt, your creditor understands that it’s dealing with an old established company with years of industry experience. It makes it easy for us to deal with your creditor, consequently, you benefit by the terms that in most cases we’re able to negotiate for you. Most of the time we will have your creditor work with us to reduce your interest rate down to 0%. That’s usually a reduction of somewhere between 200 and 700 points. That’s right. Interest and fees in some cases can run you up to 700% annually. Lowering your interest rate to zero, ensures you get out of debt in the quickest amount of time with the lowest monthly payment possible. Payday loans are tough. Especially in these times, it’s understandable why some people have to turn to them. If you are experiencing extreme payday loan debt please, fill out the form at the top of our page or give us a call during business hours. You will speak with a certified credit counselor who understands your situation and your needs. Your certified counselor will explain this program to you from a to z and if you feel that it’s something that will work for you as it’s worked for hundreds of thousands before you, you’ll start relieving your payday loan debt today. Federated Financial treats its clients like family. It’s because we care.

Take me out to the ballgame! Coming to a stadium near you on July 24, 2020…..Or maybe not!

The news is scary. It seems like COVID-19 is everywhere and spreading. Kind of a strange time to open up the baseball season. MLB plans on playing a 60 game season using a new protocol that they believe hopefully will inhibit COVID-19 from infecting the players. They will be playing in empty ballparks! A 60 game season has plenty of perks, especially for the bad teams. Any team can get hot for two months and surprise the country. There could be a longshot champion this year if… If they complete the season. I’ve written a lot about baseball in this blog. It is my favorite sport. So here’s my take. There will not be a 60 game schedule this year. Sanitation, separation, and only regional travel won’t make a difference. There will be no spitting, no tossing the ball around the infield, and certainly no high-fives or hugs. If it happens it’s going to be strange to watch. I hope it happens. Deep down I don’t believe it can sustain. They are 1800 major-league players on their team rosters right now. Umpires add to that total. Too many people and too much virus to save the season. I’ve read that the NBA is watching closely and will decide whether or not to play this year based on what happens to baseball. So, It seems as though professional athletes can be put out of work just like everybody else. The difference is most of them are extraordinarily wealthy and can afford it.

Here is my point. COVID is spreading once again. Anybody can be put out of work at any time now. This is the time to get your finances in order. Many people have gone months without paychecks and are just back at work. They’re struggling to pay their bills. They’re trying to pay their payday loans down. People need to pay down payday loans before the looming specter of job loss occurs again. Payday lenders have loaded you up with fees and interest that can total up to 700% each year. There’s no way to get out of debt in a short period of time paying rates like those. Federated Financial, our 23-year-old payday loan consolidation company can change that scenario. We are recognized By the BBB as an A+ rated company. That gives us clout with your creditors, Consequently, in most cases, we can get them to lower your interest rate down to zero and have you out of debt in a much shorter period of time then you could do so yourself. Payday loan debt sucks. It’s financially crippling. We are able to help you. We are one of the oldest companies of our kind in the country and we treat our clients like family. Give us a call during business hours or simply fill out our form and somebody will get back to you. We can get the job done! We care!

By |2021-06-16T07:55:03+00:00July 3rd, 2020|Categories: Payday Loan Consolidation|Tags: , , , , , , |Comments Off on Take me out to the ballgame! Coming to a stadium near you on July 24, 2020…..Or maybe not!

This is the best time to consolidate your payday loans!

Why? Why is this the best time to consolidate your payday loans? 25 States are in the red zone dealing with large coronavirus outbreaks. Big States, California, Texas, Arizona, and Florida to name a few. Here’s the problem. Many have gone back to work. When you’re working you can borrow. When you borrow you have to pay it back or face consequences that might even include lawsuits and judgments. Defending those cost a lot more than paying off your payday loans. The problem begins when some of these states start rolling close-downs. A rolling close down is when hotspots in the particular State that’s affected are closed for a certain amount of time until the area cools off a bit. Unfortunately, this means many will be out of work. Although it will hopefully be for a shorter time than before, people still won’t be earning a paycheck. Right now with money coming in is it a good time to take care of this debt that will haunt you for as long as it’s out there. Payday lenders are known to be very aggressive when it comes to collection on these loans. Borrowers are out there paying 200% all the way up to 700% interest annually on their payday loans. While it may impossible for you to pay off your payday loans due to the high rate of interest you’re being charged, payday loan consolidation will make all the difference. Payday loan debt consolidation is simply you making your payments to your particular lender through Federated Financial, a 23-year old A+ BBB rated company, and in turn, having us forward your payments to your creditors. Many may ask, what is the financial advantage? The answer is simple. In most cases, our payday loan consolidation company can have your interest rates reduced all the way down to 0% by simply making your payments through us. Yes, you read that correctly. And turn that will reduce your interest rate down to zero and allow you to have a smaller monthly payment and a shorter time making those payments to get out of debt. The goal here is to be debt-free if and when you get shut down again. We all need to take into consideration that this pandemic will not last forever. More than likely in a couple of years it will be a memory. My contention is that people need to get rid of this kind of debt as soon as they can. To have it sit for two, or three, or four months do to another shutdown will cost you quite a bit of money in interest and late fees as opposed to paying it off while you still can at a monthly number you can completely afford.

When choosing a payday loan consolidation company to work with, the two most important things to look for are age and credibility. Our twenty-three-year-old company has been open that long for a reason. We do our job. The BBB gives us an A+ rating which in turn gives us credibility with you the customer, and just as importantly your creditors, with whom we’ve been working with for many years. Our relationship with your creditors almost ensures that they will accept our proposals to reduce your interest rates down to 0%. You’re on our site. That means you’re needing help. You’ve come to the right place. We are one of the grandfathers in this business and we treat our clients like family because we care. Call us today, or alternatively fill out the short form on our home page and someone will get right back to you.

The payday loan rebellion has started!

For many years legislators have talked about capping payday loans. 12 states and the District of Columbia, currently outlaw payday loans. If you’re curious, the chart is on this website. Click on the green map halfway down the homepage to see all the states where payday loans are illegal. But, it’s finally happening. 120000 people from Nebraska have signed a petition hoping to cap payday loan interest rates at 36%. That petition has more than a hundred and twenty thousand signatures. It will likely appear on the November ballot. People from Nebraska annually pay roughly 28 million dollars in interest and fees to payday lenders. Read the full store HERE.

That’s outrageous! More importantly, it bastardizes the initial reason that this whole business was created. In this blog, I’ve mentioned more than one time that in small doses, and for the right reasons, payday loans are the last chance outlet for people with poor credit to obtain money for necessities for a very short time. The operative words here are a very short time. Greedy entrepreneurs have taken this particular business model and twisted it for their own good and turned it into something that hurts not helps the consumer. One-quarter of this country has already decided they will no longer accept this, and the rebellion now continues. There are 28 million reasons why Nebraska is doing this. The GOP seems to have no interest in helping the core group of people that use the services. The Consumer Financial Protection Bureau was conceived by senator Elizabeth Warren in 2007. It began operation on July 21st, 2011 under the leadership of President Obama. Aside from a bunch of legal wrangling this agency has done very little since its inception. Under President Trump, it’s almost like this agency doesn’t exist. His people run it. First, it was Mick Mulvaney, and now Kathy Kraninger. If you read this blog you’ll know that I’ve written a lot about her. I believe she gets paid a lot of money to do absolutely nothing. Consequently, Nebraskans have taken things into their own hands. At 36% short term, and by short-term I mean for a week or two max, a payday loan is a viable alternative for people that are having one-off and desperate financial difficulty. Check out Consumer Finance Gov Site here.

If you are an American who is having payday loan difficulty you are on the right website. Consolidating your payday loans is what we do. We can reset the timer back to zero. I mean that literally. We are a 23-year-old payday loan consolidation company with an A+ rating with the Better Business Bureau. We do what we say and we say what we do. Consolidating your payday loans is not difficult when you have the reputation we do. Your creditors readily work with us and in most cases will lower your interest rate from between 200 and 700% annually all the way down to zero. That’s right we can consolidate your payday loans at 0% interest in most cases. It’s a simple process and we are extremely experienced. Our track record speaks for itself. Give us a call during regular business hours or in the alternative simply fill out our short form and someone will get back to you during business hours. Make us your financial go to when you are in Payday loan debt. You’ll be glad you did. We treat our clients like family and we care.

And so the Advance Loan Consolidation conundrum! Should I or shouldn’t I, and is Debt Consolidation good for you

I believe it’s a gift, but let’s digress for a moment. Let’s start with a better question? Should you take a payday loan under any circumstances? Most of the so-called experts will tell you no. No matter what happens never deal with payday loan lenders. They’re one step above, or perhaps one step below loan sharks. Their interest rates run between 200 and 700% annually and they charge outrageous fees. All of this is true. And I’ll digress one more time. Why are there payday lenders out there, and more importantly why do people take these loans?

My contention is, if used properly payday loans are not bad. Payday loans were created for a reason and then bastardized over the years. They were created because there are many out there with poor credit who are unable to get a conventional loan. There was no place for these people to borrow the 50, or 100 or $200 that they needed until Friday just to feed their families. Payday loans are nothing more than pawnshops without the collateral. My point is that used properly a payday loan can come in handy for a week or perhaps two. Payday lenders don’t want you to pay them back over a couple of weeks. Their business model is set up to create an endless cycle of debt, with one loan rolling into another. Changing the business model somewhere along the road is what made these companies that were initially a win-win situation, into a lose-win situation with the consumer being the loser. Therefore payday loans CAN work and they’re not a bad thing if they’re paid back quickly.

And now we come to the reason that you’re here. You borrowed money in good faith and more than likely got stuck by the Coronavirus. What I’m getting at is that you probably lost your job and weren’t able to pay your payday loans back. Now the country has reopened and your phone is ringing off the hook. Collectors are back at work collecting. What do you do? The answer is really simple and it shouldn’t cause you any financial stress. Payday loan debt consolidation works. You’re on our site so during business hours just give us a call. In most cases, we can lower your interest rate down to 0%, which in turn gets you out of debt more quickly and for less money each month. Why use Federated Financial to consolidate your payday loans? Because we make it easy. We’ve been in business 23 years and still maintain a Better Business Bureau rating of A-plus. As I mentioned, give us a call and speak to a certified credit counselor. in the alternative fill out our short form and a certified credit counselor will get right back with you during business hours. Your counselor will go over your debts with you and provide you with a new monthly payment, more than likely interest-free, that will get you out of debt in the shortest amount of time possible. In addition, the phone calls will stop. This will take away your anxieties regarding your debt. Payday loan debt consolidation works. We’ve proven that for well over two decades. Let’s get started today! We’re great at what we do and we treat our clients like family. We care!

By |2021-06-16T06:43:52+00:00June 18th, 2020|Categories: Payday Loan Consolidation|Tags: , , , , , , , , |Comments Off on And so the Advance Loan Consolidation conundrum! Should I or shouldn’t I, and is Debt Consolidation good for you