23 years in business

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What causes unmanageable debt?

There’s an old saying, bad things happen to good people. It really never fails and it’s sad. Yet times like these put people in a position where they have to make decisions that they don’t like to make. We live in the time of covid-19. Many people are out of work. Many people were deeply in debt before this virus came to our shores. A lot of people have already made emergency choices that weren’t good, just to live during the last nine months. This is certainly not an assignment of blame but a sad statement on the state of our affairs in our country. It seems payday loans are a pervasive problem. Even in states that ban these loans Native American Tribes still offer them online. Payday loans for food, electricity, car payments. What is someone to do when they don’t have a place to go to work?

 

You’re reading this post because you’re on this site and you probably have a problem with your payday loans. It’s not your fault. This is 2020, the strangest and worst year that I’ve seen in my whole life. And I’m not young. The question you need to ask yourself is, what are you going to do about it? Given that many Americans are going back to work right now the last thing you want to do is let it go legal. Letting it go to the lawyers can lead to possible lawsuits and garnishments. You don’t need another loan either. You need to consolidate your payday loans. Working with a company like ours puts you in a position to have your interest rates reduced in some cases from upwards of 600% annually all the way down to 0%. This will lower your monthly payment and provide you with a shorter time to get out of debt. We’ve been in business for 23 years and have an A+ rating with the BBB. That gives us the credibility with your lenders to negotiate your interest rate down low, and get you out of debt sooner than you could do so yourself. As an old respected company, we can get just about anything done. Don’t let your advance loans destroy your finances. If you want to learn more about advance loans visit our FAQ page. Fill out our simple form or just give us a call during regular business hours. We can help. we treat our clients like family and we care.

Make a change start today! Reboot your Financial life!

As I write this the world is changing before us. More people are going back to work because they have to. The unemployment stimulus has run out and right now today it doesn’t look like any new help is in sight. Now, hopefully, people in this country start earning a living again and begin to dig out of their financial mess. This pandemic has hurt all of us in many ways. Many Americans have gotten into a specific kind of problem that can seem insurmountable at times. Each year 12 million folks take out payday loans. 12 million people taking out payday loans at interest rates that can run anywhere from 200 to 700% annually. During the last five or six months, businesses were closed.

Consequently, the collectors weren’t working and most of the collection lawyers weren’t working either. Now that people are back to work everybody is doing what they do. The problem is so are the collectors. Many fell way behind on these loans with no one to show them an easier way out. It’s ridiculous to think that some Americans who might be making minimum wage or a bit more are responsible for thousands of dollars that they truly intended to pay back when they took these loans out. And then came Covid19. There is no way anybody who has been through this pandemic without enough savings can pay these loans off in the time frame that the creditors want, and in a way that won’t cost up to 700% interest.

Fortunately, companies like Federated Financial exist and are able to help you out. Federated is a 23-year-old A plus BBB rated company. We are a debt consolidation company that specializes in consolidating your payday loans. Here is what we do. If you’re on this site odds are you have a problem. Take a moment. Fill out our short form, or simply pick up the phone and dial the number on the top of this page. You will be connected with a certified credit counselor. This person will explain to you what you need to do to get out of debt, using our company to perform that service for you. Advanced loans are tough. Thankfully we are tougher. We can work with your creditors and send them your monthly payment at a greatly reduced interest rate, sometimes as low as 0%. Yes, that is true. In most cases, we can have your creditors reduce your interest rates down to 0%.

As a 23-year-old company, we’ve worked with the companies that you’ve borrowed from for years. They know us and they trust us. Their goal is to get paid. They accept reduced interest rate payments from us because they know when we send them a proposal asking them to work with us on your behalf more times than not they will get paid. We carry the clout that only a professional, established company has. At a zero interest rate, you will end up owing less money, consequently paying less each month and getting out of debt much quicker working with us than you could do so yourself. It sounds simple. If you can make a reduced monthly payment it usually is. Take the time to make today the first day of the rest of your life. Clean up your finances and feed your family at the same time. We genuinely want to help you. We are exceptionally good at what we do, and most importantly we care. Check out our Frequently Asked Questions to educate yourself.

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!