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

Payday Consolidation Loans and Laws in Florida

In some recent posts we’ve been talking about how laws that seem ironclad are easily being broken in States that either regulate interest, or have made payday lending illegal. Today we talk about Florida. In Florida, payday loans are referred to as deferred presentment transactions. That means the act of writing a post-dated check for money that’s borrowed today. Florida has enacted payday legislation. There’s a $500 limit on payday loans that are offered in the state of Florida.

They are allowed to be taken from 7 to 31 days with a maximum finance charge of 10% for every hundred dollars and maximum rate of 304% APR. The state of Florida only allows one loan at a time. in addition the state mandates what they call a cooling-off period of 24 hours between two loans that are taken in a row. In addition, the Florida statute states that you can’t roll over one loan into another. Those are the laws in the state of Florida. Let’s take this apart for a moment and analyze it. Florida allows a usurious interest rate of 304% APR. I question that. Why even have a law if you’re going to allow lenders to charge consumers over 300% in annual interest? There’s an answer there, but let’s take another step back.

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In the state of Florida, Law mandates that in the state predatory payday lending is it illegal and yes it comes up with a week caveat that only one loan at a time may be taken? My primary question would be, how does that benefit the consumer, keeping in mind that I can take a loan from Joe’s payday loan company and then walk down the block and take a loan from John’s Payday loan company. There’s no way to monitor that. Debt consolidation payday loans are freely available in the state of Florida and I’ll tell you why in a moment. The rollover portion of this law is plain stupid. People can take the loan from John’s company down the block to Joe’s company, and borrow the money from Joe to pay John. Here is what I believe is the answer.

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Florida is home to some large Native American tribes. The Seminoles, the Muskogee’s, the Apalachees, the Camusa’s and the list goes on. These tribes make a huge amount of money on payday loans and consequently are able to employ huge lobby groups to continue to help them keep payday loans a viable option in Florida behind some very weak legislation.

If you’re in Payday loan debt and need help call a legitimate, old and established payday loan consolidation company for your debt help. Consider the company that hosts this blog. They’ve been in business 21 years with an A+ BBB rating.. Call them, you’ll be glad you did

21 Jan 2020
payday loan consolidation company

Featured on Market Watch – Payday Loan Consolidation Company

Jan 21, 2020 (eGiiG News via COMTEX) — If you have become quite tired of paying installments to your loans and your finances are jeopardized every time you do so then opting for payday loan consolidation is the solution you need. Though there are many service providers dealing in the same the chances of associating with a trustworthy one are rather slim. Here we tell you how you may choose a payday loan consolidation company for yourself.

Check their BBB rating

First and foremost, you need to check their BBB (Better business bureau) rating as that would help you decide. The BBB provides ratings to such a company’s basis the manner in which they are operating their business. These ratings range from A+ to F and the higher the rating the better is the chances of it being a reliable alternative to choose.

Talk to them

Next, you should give them a call and request a free consultation. You could also submit the consultation form on the website and wait for their response. When you meet them make sure to ask a lot of questions so that you establish a rapport with them. If making them understand your needs is easy it means this is the company you should put your focus on.

Online reviews

Most of the companies dealing in this field have an established client base of their own. Such people would have posted reviews of the company online and you may consult the same too. Search around to find out what the customers say about the firm. It goes without saying that if they are reliable you are going to get a lot of positive reviews and vice versa.

Blog

Some of the companies handling payday loan consolidation maintain a blog on their website. This is to help people understand the whole concept before they finally take the leap. Read through the blog and if the content they are offering is valuable then the company would know the basics of dealing with the same. However, if you see content that seems to have no proper information offered then you may avoid the company.

Social media

Every company has a social media account and that is where most of the action takes place. It is quite likely that you would not only get to know about their reputation but also what new initiatives they are taking to ensure customer satisfaction. Apart from that if you have any queries this is the place where you can ask and find the correct answers. Not only do you get a response but it is quite quick as any delay is noticed by other customers too.

Conclusion

Payday loan consolidation helps you in more than one way. You have to pay only one installment for your loan and that too at the beginning of the month. After that, you can plan your finances in whatever manner you want. However, for best results always choose a company that is not in the business to fleece people. A company that plans its products around the customer’s needs is most likely going to be the option that you need at this time.

View original article here – https://www.marketwatch.com/press-release/how-to-choose-a-payday-loan-consolidation-company-for-you-2020-01-21

20 Jan 2020
payday loan consolidation pennsylvania

Payday loans, Consolidation and Laws in Pennsylvania

Payday loans are prohibited in Pennsylvania. There are some consumers and lenders that are still able to get past these laws. The internet is their answer. Native American tribes make short-term loans based on post-dated checks with exorbitant interest rates, using their sovereignty as a way around state law. In 1998 there was a law passed in Pennsylvania that stopped all check-cashing companies from lending money based on receiving post-dated checks from the consumer. Even though they are not check-cashing companies, payday lenders are subject to this rule.

In addition to prohibiting payday loans, Pennsylvania has some very strict rules regarding interest rates that can be charged to consumers. There are some payday loans that can run up to 700% interest annually. The average payday loan has an interest rate that runs approximately 300%. Pennsylvania passed the Consumer Discount Company Act. This was specifically designed to regulate interest rates. It specifies that small short-term lenders cannot charge more than 6% on any loan they issue in the state. Some lenders are allowed to charge up to 24% interest but they need proper licensure to do so.

The initial result of this legislation was extremely positive. A large percentage of payday loan companies stopped working in the state. Most payday lenders in the state of Pennsylvania just didn’t feel that the low interest rates are beneficial to them so they don’t issue loans anymore. There are some lenders that have partnered up with native American tribes and together continue to fleece the consumer. The state of Pennsylvania is aware of this but unfortunately cannot do anything about it. It looks like payday loans will be around in Pennsylvania for a while. This begets an interesting question…

Why do people still pay these ridiculously high interest rates to obtain payday loans in Pennsylvania. The answer is pretty obvious. They need the money to pay their bills.

14 Jan 2020
advance loan debt consolidation

Consolidate Advance Loans Today!

Advanced payday loans are big business. Only for the advance loan companies. They make a lot of money on the enormous interest rates they charge. People take advance loans for many different reasons. Emergencies pop up quite often in many people’s lives. Most Americans have very little savings. When a crisis arises many people with bad credit and the need for quick cash will take an advance loan. And then the cycle begins. The good news is that these people can consolidate these advance loans right now.

Did you know? Approximately 12 million Americans take payday loans each year.

Did you know? Payday loan companies commonly charge between 200 and 700% interest annually.

Do you know? That you can get out of advance loan debt today.

Did you know? In 2006 only 250,000 people used advanced loans.

If you’re reading this article you’re on the right site to do so. Federated Financial, an advance loan consolidation company can reduce your rates down to 0% and get you out of debt quickly. Don’t be one of those many people that take years to pay off one loan.Economists have called these loans Financial suicide. You’ve got to break the chain and start getting out of debt today. Just go to the main page of this website and call the toll-free number at the top of the page, or fill out the five line form and someone will get back to you within the hour. Start getting out of advance loans today. Your financial life depends upon it!

13 Jan 2020

Featured on Market Watch – Payday Loan Consolidation

How Payday Loan Consolidation Can Help tackle all your financial woes

Jan 13, 2020 (eGiiG News via COMTEX) — Come the beginning of the month and you start fretting about the innumerable loan payments that you must do. If you are already living paycheck to paycheck doing that could seriously keep you on your toes the entire month. However hard you may try the payment would drain away all your savings causing you to spend the rest of the days in penury. Opting for payday loan consolidation though can help and below we tell you how.

Reduce multiple payments

Instead of having many small payments to make you can now have one payment that you have to make at the beginning of the month. Now the whole month is not spent thinking of how to pay for any small loans that need a repayment. Just one payment goes in the beginning and you can relax after that. Mostly this means that you pay a slightly lesser amount than you would have otherwise had to thus reducing the financial burden too.

Stress reduction

A reliable payday loan consolidation company can help reduce the stress you experience figuring out how to make the ends meet. Since now you have only one single account to take care of you may plan for it well in advance. Moreover, you do not keep any records of what payments were made and when. Your money at the beginning of the month goes to the right destination and after that, you may relax.

No more phone calls

If you have been faltering on your payments, we are sure you must have also received loads of calls asking you to pay up. Unfortunately, these calls are too pestering and can take away the happiness of your life. But, by using payday loan consolidation you can put an end to such calls. You make your payments first thing in the month and after that, no one must bother you.

Control your bank account

Some of the loan companies take their payments directly from your account and that is really disturbing. However, with payday loan consolidation your bank account comes back under your control. Your privacy is now intact as no one can govern how you spend your money.

Low-interest rate and late fees removal

By subscribing yourself to a payday loan consolidation you might end up paying a lesser interest rate than in other situations. Too many loans mean paying too much money out of your pocket but not in this case. Also, if you are making payment on time there is no scope of having to pay late fees so that aspect is also taken care of.

Conclusion

Payday loan consolidation is your solution if you are living your life on the edge when it comes to loan payments. Get in touch with a trustworthy payday loan consolidation company today if you too are facing the same dilemma. There are many firms that profess to handle the situation for you but they may be just bluffing. Do a thorough research of the company’s credentials before saying yes to them.

12 Jan 2020
consolidate payday loans

Women in debt, not many people talk about that

Right now in America there are over 12 million single mothers.

That’s right, 12 million single mothers taking care of children under 18 and taking care of themselves. Staying out of debt and taking care of a family is difficult job. Debt happens. In many cases falling behind is inevitable. Women run up their credit cards too. When things get tight many women turn to Payday loans. Yes, those high interest payday loans are a last resort.Taking care of two young children and working 8 hours a day can take its toll on people emotionally and financially.

Single mothers get caught up in the cycle. 500, 600, 700% interest rates.

Unaffordable monthly payments. And before they know it a $1,000 payday loan turns into a $2,000 payday loan, the high interest rate driving the balances up. What should somebody in that situation do? Payday loan debt consolidation is the answer. Outrageous interest rates make these loans impossible to pay off yet, an old reputable payday loan consolidation company can get people in this situation out of debt without paying any interest on their balances. That’s right, 0% interest. Long-term relationships with creditors is the answer.

A payday loan debt consolidation company who has worked with any specific creditor for many years is a company that the Payday loan company trusts also. The Payday loan company trusts the payday loan consolidation company to work as hard as they can with the client to make sure they get paid back. It’s a win-win situation. The client gets out of debt in a shorter amount of time and the payday loan company gets paid. Remember, it’s near impossible to get out of high payday loan debt. Let the people who know how to do it help you today!

08 Jan 2020
consolidate my payday loans

What is the difference between payday loans and all other loans?

This article has been written for the people who have not yet been informed how payday loans are significantly different from personal loans or a secured loan. A personal loan can be more difficult to get without collateral. Personal loans are dependent on your credit rating. You’re scored and and put into a tier. The higher the tier the better the credit consequently the lower the interest.

Top tier is A….. Then B, then C running down to the lowest tier that any particular company has. These loans have an interest cap on them dependent upon the state in which they have been taken. There is no state that has a cap of more than 30% APR.Those with good credit might only pay 6 or 7%. That would be a good loan. Unfortunately many people’s credit scores do not put them in a top-tier. Then there are collateralized loans. They are exactly what they sound like. You post collateral for the privilege of taking out a loan understanding if that loan defaults, your property belongs to the lender. Collateralized loans are automobile loans, Furniture loans and a loan against something that you are buying that is valuable. A top-tier credit score on an automobile loan could land you a car at 0% interest depending upon the promotion that any given manufacturer is running at any given time. The rates go up commensurate with your tier and eventually the interest rate caps off or you become un-lendable.

When you find yourself unable to qualify for either type loan mentioned above most people resort to Payday loans. Payday loans are different. The major difference between payday loans and the other two types of loans are that in some states payday loans can cap off at 700% annual interest. These are loans that many people are stuck with for years. They continually make interest-only payments and never get out of debt. That’s where payday loan consolidation comes in. A reputable payday loan consolidation company is able to have that interest rate reduced to 0%. In addition when you have a 0% interest rate your payments are adjusted and you have a finite time to get out of debt. Payday loan debt consolidation is the only way to get out of that last resort loan you took.

Payday loan debt consolidation can stop harassing phone calls immediately. In addition besides stopping the phone calls and lowering the interest rates payday loan consolidation will change your life for the better. Payday loan consolidation will get you out of debt.

07 Jan 2020
consolidate payday loans

New Year’s Resolution 2020!

The best New year’s resolution I have made this year! No, I already quit smoking years ago. I don’t drink I don’t Gamble. I have no vices. I mean that sincerely. So consequently those are not my New year’s resolutions. I have nothing to quit. My New year’s resolution is a resolution of another kind. I have promised my family and myself that it’s time for me to get my stuff together and to get out of debt.

Yesterday I filled out a form online with this company whose blog I’m posting on now and that form I filled out was a form that will consolidate my payday loans for me. Yes, my payday loans. I never thought that would be me. I especially never thought that would be me paying 600% interest per year on a small balance $1,000 loan. I knew when I took it out it would be hard to repay…. So I filled out this form yesterday and received the call first thing this morning. I was told by the representative that I spoke with, who incidentally is a certified credit counselor that I could be out of debt is less than a year at an interest rate of 0%. She told me her company is able to work with my creditors or in my case creditor and they will reduce the interest rate on these high interest loans to 0% as long as I make my monthly payments on a timely basis. I can afford $80 a month. I can get out of debt within the next year.

I’m not going to get caught up in the cycle of rolling over payday loans to pay off payday loans and staying in debt for the rest of my life. I know people that have done that. I need to be free from this burden of payday loan debt. This is something that I owe to my family and something that I’m going to complete and that I will never do again. The thought of paying 700% interest on a payday loan is insane. Truth be told I take full responsibility for taking out these payday loans, but I was desperate. Although I do take the responsibility, and I take it seriously because I’m going to pay this debt off I still really can’t believe that these companies are legally allowed to charge me somewhere between 200 and 700% interest on a short-term loan. When I took that loan out back 3 months ago it was freezing outside and they were going to turn off my electricity. I was desperate and desperate people sometimes take out payday loans. I’ve learned my lesson. I’m not doing this ever again and today is the first step toward making this year and next Christmas really lovely. By then I will be debt free!

06 Jan 2020
consolidate my payday loans

Payday Loan Debt Consolidation is a Winner!

One Mans Story.. payday loan debt consolidation is a winner! I didn’t mean to fall into the downward spiral of payday loan addiction. It was just so simple to get the money and my paycheck was about $100 short each week of being able to support my family. My boss said the company was doing badly and he couldn’t help me out. Before I knew it I was $1,500 in payday debt. I had to change my bank account. My phone rang constantly with people demanding that I payback the payday loans that I took.

I was really at my wit’s end. Collectors actually knocked on my door. I live in a small town and the owners of the payday loan company wanted their money back. Don’t misunderstand me. They weren’t harassing me with physical threats but they were knocking on the door wanting to get paid back the payday loans that I took out. Then I went online. I decided to go shopping for a payday loan consolidation company. I wanted an old established honest organization to consolidate my payday loans.

I tripped over Federated Financial’s website and when I saw their A plus rating with the BBB, and that they were in business for 23 years I knew I found the PDL company I wanted to consolidate my payday loans… Starting Today! I called them and they were wonderful. I gave M******* all my information, meaning the names of the payday loan companies that I needed to consolidate and they went to work. The harassing phone calls stopped. That was a gift. Harassing phone calls at all hours of the night were making my wife nervous. Federated contacted my creditors and my creditors reduced my interest rate from almost 500% per annum down to zero percent.

In other words I just had to make payments on the principle. All of a sudden what had looked like payday loan hell didn’t look that bad any more. I was given an affordable payment. I’m lucky I found what I consider to be the best and most legitimate payday loan consolidation company in the country. Their A+ BBB rating is well deserved.I was able to pay off my payday loans in 6 months and my wife was finally able to get a job and now we can pay the bills. Federated Financial’s payday loan consolidation program works. This is an unsolicited testimonial. I wrote this because I believe that payday loan debt consolidation makes a huge difference in your ability to pay down your payday debt. ( GH. Florence SC)

Federated Financial has helped thousands consolidate their payday loan debt, fill out our online contact form and start on your path to becoming debt free!

04 Jan 2020
consolidate payday loans

Why is it essential to consolidate your payday loans today?

Why wait?
If you have these loans you need to consolidate your payday loans and start reaping the benefits of payday loan consolidation right now! Everyone gets into debt. You are not alone. It’s what you do about that debt that separates you from the rest. Payday loans can be insidious. Their business model was created to keep you in debt. You need to become debt free. You need to pay off the payday lenders and move on with your life. It’s difficult to do that. Paying between 200 and 700% interest on these loans makes it almost impossible to pay off your payday loans. A good payday loan consolidation company, with years of experience in the industry can show you how to do it. It’s really A B C, simple

When signing up for a payday loan consolidation plan your payday loan consolidation company immediately contacts your creditors. That’s when the harassing phone calls stop. Here’s the key! Phone calls are not the only thing that stops. So does the extremely high interest rate. Upon entering a payday loan consolidation program your reputable, old and established Payday Loan consolidation company can get your creditors to reduce your interest rate down to 0%. That is the key. No more high interest rate equals paying principal only. By paying your principal without the interest you are out of debt in no time. Payday loans are like a ball and chain holding you back from living your life the way you’d like. Payday loan consolidation can cut the chain and change your life for the better.

There is a reason that payday loans are illegal in 26 States. the reason is they are not good for the consumer. Companies like this are springing up all over the country, except for the 26 states that they can’t and they’re doing it for a good reason. There is much money to be made in this business. Payday loan companies are cash cows for the people who own them. Don’t put your hard-earned money in other people’s pockets. Start your payday loan consolidation program today and reduce your interest rate to 0% NOW. Change your life for the better! Remember, today is the first day of the rest of your life.