This company helped me communicate with creditors and get out of debt. They reduced interest rates substantially and helped me with my payday loans. The interest rate is now reduced to next to nothing. I am almost completely out of debt and couldn't have done it without Federated.
Used them to consolidate payday loans. I had 6 loans out and 5 of them immediately stopped charging me interest once I signed up. The 6th, Loan at Last, wanted initially more per month than I could afford, but they were able to get them to take less and keep me from collections til one of my other accounts paid off. Then they were able to offer the freed up funds in addition and LAL accepted and also stopped the interest til it was paid. Was never going to be able to pay them all off on my own with my other expenses.
I wanted to wait to post this review until I completed my payday loan consolidation program.. I am now debt free! The program was very easy and affordable. My enrollment rep. (Michelle) made the process easy and made me feel comfortable which meant SO much since I was scared and embarrassed about my debt. The customer service I received during my program was outstanding. Thank you again!
I used this company many years ago in 1999 after I graduated since I racked up a lot of credit card debt in college. I Recently, I had some bad luck and put myself into some debt again. I took out a few of those online payday loan/ installment loans. I realized I was paying back the loans at 500% interest! I went online to see if possibly Federated was still around. I was so happy to see that they were still in business after all of these years! I just signed up again and as always they are always there to answer the phone and help. My interest rates are at now at 0%!!! Thank you! I can't wait to get this done!