Not many. I know that because so many of them you see online have just sprung up over the last couple of years. Federated Financial, which is multifaceted and a One-Stop shop, works with payday loans, credit cards, and medical bills. It takes many years to build a payday loan consolidation company into a trustworthy and well-respected agency. The best payday loan consolidation companies are able to deal directly with your creditors. These lenders know Federated Financial very well. When we tell them that you are working with us they know that in most cases they will get paid. That makes a difference to you. The dunning calls usually stop, and in most cases, we can reduce your interest rate all the way down to 0%.

Remember, that’s down from anywhere between 200% to 700% annually. That’s right. Your payday lender is charging you enormous amounts of interest annually. The rate reduction is important. It lowers your balance and consequently lowers your monthly payment. In addition, the best payday loan consolidation companies are more than one-trick ponies. As I mentioned up top we can consolidate just about anything.

Companies like ours who work with banks have specific code numbers that were assigned to us over 20 years ago. They don’t assign these codes anymore and consequently, new companies do not have them. Unless you’ve been in this business for a minimum of 20 years, you don’t have a code. The banks do not give them out anymore. Consequently, agencies without codes cannot reduce your interest rates for credit card debt. There are two more very important things you need to know when it comes to choosing the best payday loan consolidation companies. Most important is how they rate with the BBB. We are rated A-plus. That’s not a coincidence.

You need to know if the company that you’re working with has longevity. The longer your agency has been operating the more credibility it has with the lenders. We have been in business for 23 years. Go to the top of our page and fill out our quick form, or give us a call during business hours. We are here to help you and we will. We treat our clients like family. That’s because we care.