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Worried about your Payday Loans if the United States in a recession?

Where is the United States today? We’re in bad shape. Major corporations are bleeding money. Many Americans have lost a third of their net worth over the last two and a half weeks. The government is spending trillions on aid to corporate America, as well as the general public.. As you might or might not be aware, there there’s a pending bill that’s still being negotiated in the house.This bill will provide regular hard-working Americans with money over and above the unemployment they might need to collect right now. This will help people get through this tough time. Right now the administration is proposing to send around $1,000 for every adult and $500 for every child to American households in need.

As I understand it they’re just working out the details now and deciding what the income ceiling should be in regards to whether or not people should be receiving checks.As the president said “we’re not going to send $1,000 to a person that’s making a million dollars a year” and that certainly makes sense. At the end of the day the government can only do so much and a situation has to play out just the way it’s supposed to. There’s no fault here. No fault lies with these businesses or with the administration. If there’s any fault it lies with the Chinese government and their lack of candidness when it came to letting the whole world know what was going on there. if we would have known about it sooner we could have fought it sooner. Instead, the coronavirus rages through this country, killing Americans and wounding our economy.

Arguably, the Chinese government is completely responsible for many of the deaths around the world that could have been avoided if they had been more forthright. Their negligence has cost lives, and cost life savings. The savings will come back the lives never will. So why is this a recession as opposed to simply a coronavirus pull back? President Trump has said numerous times that as soon as this virus passes the market will return and surpass its previous highs. He’s either not telling the truth or he’s not getting the right information and I’ll tell you why. We’re watching what I call the trickle-down effect. Let me give you an example. I’m going to use an expression that we’ve all heard that before. “Part of the food chain” it’s about delicate balance. Small animals graze on grass. They get fat. Larger animals come out of the woods and eat the smaller animals that have gotten fat. These larger animals now go back into the woods and they get eaten by a big black bear. The bear gets hunted and he’s eaten by a human being.

Sounds terrible but it’s mother nature. It balances ecology and keeps all living things in a place where there’s enough to feed all on the planet. Now let’s take this thought and move it over to exactly what’s going on today. First off what’s going on is probably affecting you right now. If not, you’re lucky. Let’s not personalize it though..let’s use the actual businesses involved as the examples. Go back a year ago or so and you’ll remember that Boeing had a problem with their 737 airplanes. Two of them went down just months apart. Boeing took a hit with that and they’re still working on the problem. All those planes remain grounded so Boing is still taking that hit. In addition, these planes are not being bought. Boing is a good example because they went into this situation already having a problem.

Now we have Boeing with financial difficulties and an extremely contagious virus spreading throughout the world. The first thing people do is stop traveling. It affects the airlines. No fees no fares. That’s the problem of the carrier whether it be JetBlueSouthwest or any of the majors. That goes back and hurts Boing again because the carriers aren’t going to buy airplanes if they’re not making  money on the ones they have. You might remember a headline from a week or so back that spoke of airlines flying ghost flights around the country. All that meant was is they were flying airplanes that might have had one or two passengers aboard. So now we have a major manufacturer hurting for money in two ways. In addition we have the carriers that aren’t making any money because nobody wants to fly right now. Well if nobody can fly what happens to the places that they would have stayed at? I’m talking about the hotels. All of a sudden publicly traded companies like MGM Entertainment, specifically their hotel division, Wynn, and others aren’t booking guests. The hotels are finding themselves pretty much empty.

What happens after that?

That’s pretty obvious, the hotel cuts back staff! We’re talking about a lot of staff. There’s no reason to have staff, like housekeeping or the servers that work at all those beautiful restaurants that are closed now .They have to close because there are no guests to feed. So the servers and the housekeepers are out of work. They create two more problems. Most importantly they lost their income which puts them in the position to request assistance just to feed their families. It also takes away their disposable income. I’m talking about the income that would allow them to go to the movies if the movies were open. Income that would allow them to take the children to the toy stores. Income that might take the family out to dinner before the restaurants closed this week. And these actions in turn would have put all the workers in the above-mentioned places out of work which continues the cycle. So this is the situation that we are in right now.

I think you can understand why I call it the trickle-down effect. The trickle-down effect also creates one other problem that a normal recession wouldn’t create. That problem is that these major corporations are going so deeply into debt that many are not going to recover. When this virus has passed Boeing is still going to have giant financial problems. I don’t believe they’ll ever go out of business but I do believe it’s going to take them years to make their money back and get back on their feet. This applies to the whole airline industry and the hospitality industry as well. if these businesses are still hurting a year from now the last thing that’s going up is their market price. Investors who normally make money back on the bounce don’t see the bounce because there can’t be a bounce if the companies that need the bounce are still hurting. And that’s the problem with America right now. The administration has problems. They have a lot of work to do and I think they’re on the right track. it’s going to take some time though and this is not a normal recession. That I can tell you for sure. Nobody alive has ever seen anything like this before.

Remember this word. Hydroxychloroquine. This is a drug that is 50 years old that was initially created for malaria patients. This drug has shown very encouraging results in other countries and if it’s effective against the coronavirus we might be able to mitigate the health crisis  we’re having right now. This in turn would help businesses rebound more quickly than they would on their own. FDA commissioner Dr. Steven Hahn, has the FDA  testing this drug against the virus. In a news conference today he wouldn’t put a time frame on it but promised that they’re working twenty-four hours a day to see if this drug works against corona virus and if it does they’ll be able to fast-track it. There are a couple of other drugs that they are considering that might not be as promising as this on, but the one thing that all these drugs have in common is they’ve been in use for years and they have proven themselves not to be dangerous. A vaccine is still going to take the minimum of a year to create and then at least 6 months to manufacture. Going through another flu season at the end of this year like this one, could spell disaster for many. Let’s hope that it doesn’t happen.

So what it really boils down to is that we are on the bottom of the food chain so to speak. As always, the general public takes the short end of the stick. And so I address our readers. Many of you out there are in the advance loan payday loan trap. You got into it way before this problem started. Can you consolidate payday loans? Can you get help with payday loans? Which Payday Loan consolidation companies do you want to work with to get help with your payday loan debt. You need a great payday loan assistance company to help you with your advance loan consolidation. To help you with your advance loan consolidation you need payday loan consolidation companies that work with that type debt. It’s good for you that you’re on this site. We’re a 23 year old payday loan debt, advance loan consolidation company. We are A+ rated with the Better Business Bureau. We are the best at what we do and we’re not ashamed to tell you that. Over the last 23 years we have built strong financial relationships with your creditors. They trust us and they know that if we tell them that they are going to get paid in most cases they do. In 99% of the cases we can reduce your interest rate down to 0% . That is lower than the rate of six or seven hundred percent that you might be paying now. We can start as quickly as you want us to. Fill out the form or give us a call during working hours and we’ll be glad to help you. We’re great at what we do, and we care!

Do payday loans get written off by the lender?

Payday Loan Consolidation Federated Financial QnA - Do Payday Loans Get Written off?

 

Do payday loans get written off by the lender?

It depends on the company. Some creditors are more aggressive in collection efforts than others. I think we all know that from personal experience.I don’t have a crystal ball but my guess would be that a smaller percentage of payday loans get written off than other type loans, simply because collection efforts are more successful with the payday loans. The thing to remember here is that whether they’re written off or not means nothing to you. The reason for this is because if you have the debt, you’re likely the one to get sued and if you can’t pay there could be a judgment issued against you. What do you need to do is consolidate that payday loan debt at an interest rate that could be up to 700% lower than you’re paying right now. The key is to just get it done and to change your financial future.

We are not a payday loan company, We consolidate these types of payday loan debts. Helping to reduce our clients payday loan interest rates down to zero percent in most cases, allowing them a chance to get debt-free.

Federated Financial has worked hard to ensure that local and on-line communities receive the very best possible level of care and support possible. Our counselors, customer service representatives, and creditor relations specialists are certified as credit counselors by the independent National Institute for Financial Education.

Our goal is to teach payday loan consolidation to consumers everywhere how to understand and manage debt so that they can achieve and maintain financial security. We understand the important monetary issues and challenges life can send your way and we are here to help. Our free community outreach programs, which include public seminars, walk-in clinics, newsletters, and on-line materials, give all of our visitors the ability to understand how credit works; how to overcome financial obstacles; and how to achieve important economic goals.

When Science Fiction becomes Science Fact, The whole world Suffers!

Well folks, the unthinkable has happened and it’s here. For the first time since 1918, there is a worldwide pandemic going on. The world has been rattled by the coronavirus. Unfortunately, there’s no cure yet and more than likely it will just run its course here in the United States like it’s done in China. All business is suffering. It’s not just about “rich” people losing money in the stock market anymore. More than likely there will be quarantines. Small businesses will stop operating for a specific amount of time. Some will reopen some won’t.

Casualties of something that we can’t control. This financial disaster will affect almost everyone in this country. Hopefully, only in the wallet and not physically. there’s a chance that everybody who’s reading this article could be out of work in the next week or two for an unspecified amount of time. There are many of us who live paycheck-to-paycheck. I wrote about something like this scenario in an article back before the virus hit our shore. It’s here now. What people do during this crisis will affect their financial future for a long time to come. The financial decisions you make during these bad times need to be well-thought-out lest they affect your future. There might come a time where you’ll need to borrow money. There are many different ways to get into debt. Some of them are palatable and some of them are completely distasteful. If you can get a personal loan when things go badly I highly suggest that you do just that. Sometimes people have to borrow against their credit cards. I’m not a believer in that but for the right reasons, it certainly is the right move. Everybody has to eat and everybody has to pay their bills.

We are in uncharted waters and we don’t know what lies ahead. I know that as a last resort people take out payday loans. High interest, short-term Advanced payday loans at egregious interest rates that can run up to 700% per annum. What do you do when the crises is over and the day of reckoning comes? These loans have to be paid!! High-interest payday loans are difficult to pay off. When your income returns, the last thing you want to do is be paying that incredibly high interest rate. How do you avoid it?

Easily answered! Payday loan debt consolidation, or Advanced loan debt consolidation as some call it is absolutely the answer to Payday loan debt. Federated Financial, with well over 20 years of experience in dealing with your creditors is able to have your interest rates reduced down to 0% in most cases. Doing that lowers those giant monthly payments by reducing the interest rates and having you pay only principal in most cases instead of interest. I couldn’t imagine why anyone would continue to pay the interest rates that these payday lenders charge instead of doing payday loan debt consolidation. When you’re stuck with your back against the wall, and the whole country seems like it’s falling apart, you do whatever you have to do to survive. If you must take out payday loans when it comes time for the relief you must do payday loan consolidation. Call the number on the top of our page, or fill out the form. You’ll be glad you did!

How do I legally get rid of payday loans?

Payday Loan Consolidation Federated Financial QnA - How Do I Get Rid of Payday Loans Legally?

 

How do I legally get rid of payday loans?

That’s an easy question. I’d like to answer that for you right here, and right now. Federated financial has been in business for 23 years. We care about you, and we work for you, the client. We do not work for your creditor. Instead, we work with the creditor for you and there’s a big difference there. All you need to do is give us a call or fill out the form on the top of our page and all we need are the names of your creditors and the account numbers if you have them. We can work with you even if you don’t have the account numbers readily available. The creditors that you have are creditors that we have worked with for many years, and yes, we can work with you and help you legally get rid of your payday loans. That is for sure!

We are not a payday loan company, We consolidate these types of payday loan debts. Helping to reduce our clients payday loan interest rates down to zero percent in most cases, allowing them a chance to get debt-free.

Federated Financial has worked hard to ensure that local and on-line communities receive the very best possible level of care and support possible. Our counselors, customer service representatives, and creditor relations specialists are certified as credit counselors by the independent National Institute for Financial Education.

Our goal is to teach payday loan consolidation to consumers everywhere on how to understand and manage debt so that they can achieve and maintain financial security. We understand the important monetary issues and challenges life can send your way and we are here to help. Our free community outreach programs, which include public seminars, walk-in clinics, newsletters, and on-line materials, give all of our visitors the ability to understand how credit works; how to overcome financial obstacles; and how to achieve important economic goals.

Payday Loan Consolidation Perspective with Car Buying

Buying a car is the second biggest purchase we make In our lives. Obviously our homes are the biggest. As a side note before I get to the meat and potatoes I want to share something that I notice all the time about automobiles that makes absolutely zero sense. In my neighborhood I’d say one in ten people, and I am one of them use their garage for their automobile. It’s beyond my ability to comprehend how some people take the second most valuable thing they own and leave it outside when inside their garages they’re storing a bunch of boxes and junk that either belong in the attic or outside for the trash-man to pick up. Just a random thought. To each his own I suppose. So we wake up one morning and decide that the car has been giving us trouble and it’s well out of It’s warranty and costing us money regularly.

The first thought that most people have is let’s go down and look at new cars today. Now there are some situations when that’s a good idea and I’ll get into that in a bit, but first I want to tell you why it’s a bad idea. First part of the equation is to go to a reputable dealership. Best bet Is a local Ford, Chevy, or Chrysler Jeep, store. If you’re looking a bit upscale you know where to go. When I want a new car I really want an almost new car. I’ll give you an example of what I mean. I drive a 2019 mid-sized SUV. It’ll be a year old on May 1st. Today is March 4th so it’s coming up on it’s birthday. Here’s what I did. I kept my mind open. I knew I had choices and those choices were the same class car in either the Chevy, Ford, or Jeep Chrysler brand. You fall in love with Corvettes or Mustangs but when you’re buying an SUV there’s no real halo around any of them. I was looking for a reliable mid-sized SUV. We all know that when we walk onto a car lot the salesman salivate. I want them to have a headache.

I decided from the get-go that I was going to buy something that’s was barely used. In each dealership that I visited I told them I wanted something with less than 5000 miles and I wanted the best price they could give me…. and of course I wanted the latest model. They asked me what I was going to trade in and although I was trading in a four-year-old SUV I told them nothing. I told them I’m not trading. I’m buying. Ford and Chevy had nothing so I drove over to the Jeep store. We looked around and the I finally suggested that we look at the loaners that were coming out of service. Why didn’t the sales person suggests that? Simple answer is that he makes more money on a plain used automobile. I wanted a loner because I wanted something with really low miles. I wanted something that had the balance of its warranty left. The whole reason for getting something new was I was tired of paying for repairs. We went back and forth and he kept asking me about my car and I told him I was keeping it. My point here is never negotiate two cars at the same time. Otherwise they will borrow from Peter to pay Paul and you will get stuck on one end. I asked the salesperson what the rebates were from the manufacturer and he said what rebates?

I told him if he didn’t know about the rebates he needed to ask his boss. The manager replaced him in about five minutes and we were off to the racetrack. He knew what I meant. When an automobile dealership puts out a car that they use as a loaner for a few thousand miles they always receive a manufacturer’s rebate to cover the cost of the discount that they have to give you because the car is technically not new anymore. The car that I chose had every piece of equipment that I wanted but one. Most importantly it had a real six cylinder engine as opposed to a little four that was not turbocharged. I do a lot of parkway driving and the difference in power and torque was huge. The only thing it was missing was a leather interior and I knew that I could have one put in for around $1,000 using Katzkin. Finest custom leather product for just about every car made, and I didn’t have to buy a $5000.00 package to get it!  Here’s the bottom line. The car I liked had an MSRP of $36,000. It had 4800 miles on it all driven by people who borrowed it when their car was being fixed under warranty. Well maintained by the dealer without a scratch ding or dent on the body. We negotiated back and forth and they came down to $23,000. I had a number in mind based on advertisements I had seen on the internet. I wasn’t going to pay a dime over $20,000 for the car. Their final number was $22,000 and at that point I thanked the sales manager for his time and I told him I’d think about it.

I got up to leave and walked out the door.

The salesman followed me out and asked me point-blank, what would it take to make a deal today? I said to him give me your best price. He told me the manager said $19,995 plus tax and tag out the door. That was my number. The MSRP on that car was $36,000 so I was saving $16,000. That came out to 44% off the sticker price. Half the job was done. Now for my non- trade in. We sat down and I asked him how much they would you give me for my car? It was paid off. He seemed kind of taken aback which only meant that I did my job. I fooled them. This was not a long negotiation. I knew the auction prices and I knew exactly what my car was worth at a wholesale auction. I took twenty one thousand for my car and was happy. They will make a couple of thousand dollars on it and it’s okay. I made a great deal for myself but it was because I kept my mind open and I was willing to play the game and walk. I also did my homework! Never fall in love with metal it doesn’t love you back. It cost me $400 more for the tag transfer and I will get money back. No tax as my trade was worth more than the new car. If you’re going to finance and you have decent to good credit get a quote from a couple of lenders before you go shopping. That way you’ll be assured of getting the best rate you can from the dealership. They can’t mess with an educated consumer. If they give you a rate that you’re happy with ask them how many points they’re making on the back end? That will wake them up. Normally when you finance an automobile the dealer will try to markup the interest rates as high as they can by law so they make a nice profit on that too. I always allow them a half a point because everybody needs to eat. Remember that. It is important.

That’s the way to buy a new used car. I bought that car with 32 months and 32000 miles left on the warranty. To me that’s a score. At the beginning of this post I suggested that there are times when buying new, and I mean brand new can be a better deal. All the stars have to align for that to happen. In other words sometimes you can get a super steal deal when buying the last year of an out going model. There are usually GIANT rebates from the manufacturer and the dealer kicks in 99% of their profit. It’s a $100.00 salesman deal and they are happy to get it. Sales bonuses are paid on units moved not gross profit. Study a bit. You’ll know when the time is right. Now if you’re reading this article you might be thinking, why is this something that I’d want to read about on a payday loan blog? The answer is really simple.

All of your finances go together.

To get to a point in life where you can Finance an automobile at that price point and pay the most minimal amount of interest possible on your car loan starts at square one. Get out of debt!!! If you’re on this site you just had a good read and you’re also looking for some payday loan relief. Advance loans destroy financial lives but what they don’t do in most cases is report to the bureau’s. That’s right. Payday lenders usually don’t report outstanding debt to the reporting agencies. If payday loans are your only problem or one of only a few financial problems you have you probably need to take care of them first. They are the easiest debt for a long-established reputable payday loan consolidation company to remediate.

Payday loan collectors bark and growl an awful lot but the bottom line is, if you’re dealing with an established and respected 23 year old company like ours, that prides itself on our A+ rating with the BBB and the hundreds of thousands of people we’ve helped throughout the years you can get out of debt quickly. In most cases we can have your interest rates reduced down to 0% as opposed to the 600 or 700% annually that you might be paying now. We can get you out of debt in a much shorter amount of time then you could if you did it yourself. Paying no interest has the benefit of lowering your monthly payment considerably. Consequently, your payoff time and the hit to your paycheck will be a lot less than it would be if you tried doing it on your own.

In almost no time at all you’ll be able to say to yourself, “one down and a couple more to go and then I will be completely debt-free”. At that point in time, more than likely with some sort of down payment you’ll be able to go out and buy pretty much any kind of car that you want. That’s the way to live and that’s what you want to do when you’re dealing with advance loans. You want to use Federated Financial. We are Simply the Best.

How to use a budget and stay out of payday loan debt!

How to use a budget and stay out of payday loan debt. When I was young my father would tell me “live within your means”. I never really understood that concept because money always burned a hole in my pockets. I had no idea how and or why I should save money and I had no conception of what it cost to live each month and what the total was… or what it could be each year. Let me explain below…

When I would ask my friends how do you make a budget they would tell me write down all your bills and write down all your income and and subtract your bills from your income. If you had something left over you were doing okay and if you didn’t have any leftover you’d need to tighten up. I tried to do that but I found that at the end of the month, even if I adhered completely to my budget I was still in the red… Then I had an idea I still use today. Your income may be a static number but monthly debt is fluid.

There are bills, there are emergencies. The cost of food always varies. The electric bill goes up and down and I could go on. This is what you need to do to figure out a monthly budget. Print out the statement from the last 12 months of your banking. Go over it item-by-item. Every bill that you paid whether it be recurring or a one-time bill needs to be written down. Do that for one full years time. Then, add up all the numbers and subtract them from your income. That’s a true budget. You’ll see all your bills. Doctor’s bills, veterinarian bills. Cost of shopping. Cost of water. Pet insurance if you have any. All of a sudden you see where the money has been going. Include the cost of entertainment because going to the movies and having some sushi afterwards is something I would call semi reoccurring debt. With the debit cards that we use today and the checks that we write, your actual statements are the best barometer of what it costs you to live. If you are in the black, good for you!

Start saving money for an emergency fund. Nobody knows when an emergency can happen. If you are the red start cutting back on whatever you need to cut back on. In another blog post there’s an article written about stupid debt. Read it. We all can relate. Here’s the thing. There is a quick fix for these monthly shortages and many people take them. They’re called payday loans. Most of our clients have them. They are ridiculously high interest advance loans that cost an arm and a leg to pay back at interest rates that could top off at 700%. At that point in time many of the people we work with go into a payday loan consolidation program. You don’t want to be the person that takes out that 700% short term loan. That short-term loan will always become long-term. There are very few people that can’t afford that kind of interest on top of their monthly bills.if you ever find yourself in that situation you will need a payday loan debt consolidation to pull your life back together.

Payday Loan Consolidation Company - Federated Financial - Can I Consolidate My Payday Loans

 

Our company has been in business 23 years. In most cases if you make that mistake our consolidation program can get you out of debt in a shorter period of time. Our years of experience working with your creditors works in your favor. In most cases your creditors will reduce your interest rates for us down to 0%. Get your budget in order and don’t make the mistake of getting into Payday loan debt. If you do give us a call. We can help.

How to stay out of stupid debt and consequently eliminate the need for payday loans (part 1)

I’m going to start this article by saying that I’m no preacher. I’m just a guy who over the years has seen many people go deeply into debt. 20 to 25 years ago it was credit card debt. Today, more and more people are going the payday loan route. Invariably they end up deep in debt and end up consolidating those loans. You’ve heard it before. Let me be the last person you hear this from. Let’s do this as a did you know:

Did you know that an average pack of cigarettes in the United States today costs $6.28.A pack a day habit sets you back $188 per month or $2,292 per year. A two-pack-a-day habit would set you back $376 a month or $4,584 a year? Did you know that? I’m an ex-smoker, and I haven’t smoked in over 25 years.I’m grateful that I quit for my health, and that I quit because today, I couldn’t afford to smoke cigarettes. None of us can afford to smoke cigarettes. They’re too expensive and more importantly than that they make you sick. They’re absolutely a cause of cancer and heart disease which is definitely not good for you. Short-term, if you are a two-pack-a-day smoker you will pay $376 a month to smoke. Does that sound like an electric bill, a water bill and a car payment all rolled up into one? Where do people go to get the money to pay their bills when they’re wasting almost $400 a month on a deadly habit. Payday loan lenders prey on people who smoke. I don’t mean that literally, but when we waste money on non essentials we open ourselves up to payday debt and all other types of debt which eventually will require either a payday loan consolidation, a credit card consolidation or a bankruptcy.

Did you know that a large coffee in Starbucks can cost over $5. Add in a $5 piece of pound cake and that’s $8 a day x 7. That equals $56……times 4 and you’re paying $224 a month. Now let’s take a step back. If we’re paying $376 a month for cigarettes and $224 a month for our morning coffee what does that cost us? Rhetorical question because the answer is easy and as plain as day.$600 a month for absolutely nothing. I know that the store brand of coffee costs less than fifty cents per K-Cup and a can of whipped cream probably costs $4. I think you can see where I’m going with this. If you are a smoker and enjoy your coffee on the road every morning you have a $600 a month habit, or $7,200 a year. That’s a lot of money that pays a lot of bills. If we spend $7,200 a year on non essential and absolutely dangerous items we could find ourselves in debt.

In the beginning of this post I said I’m not a preacher.That’s the last thing that people who know me would accuse me of. What I am is somebody who’s done all the things that people do today to waste money. I took out loans back in the old days to pay my bills and I complained to the people that I worked for that they weren’t paying me enough and I couldn’t afford to live. I buried my credit cards and finally ended up with a debt consolidation company to get out of debt quickly, or at least more quickly that I could have done myself. It seems that today, the quick fix is payday loans. Payday loans are very dangerous too. With interest rate that top off at 700% APR, they can financially destroy you and your family. Many people with payday loan debt finally get smart and turn to Payday loan debt consolidation. Payday loan debt consolidation can reduce interest rates down to 0%. My belief is we get to a certain point in life where we have to rebuke the things that are not good for us and remove the poisons from our bodies and our financial lives. Take this seriously. I speak from experience.

How to stay out of stupid debt and consequently eliminate the need for payday loans (part 2)

In my last post I detailed a couple of the things that I’ve seen over the years take people down both physically and financially. These things are unnecessary and a total waste of money. Let’s go over a couple more things that cost you way too much and the first one is a necessity of life…

Did you know or should I say do you know what the manufacturer of your automobile recommends that you use when you gas up your car? I myself didn’t know the answer to that question until 2 years ago. I finally asked. I bought an SUV and it came with either a 4-cylinder turbocharged engine or a V6. I chose the V6. I also thought that because it is a V6 that I needed to put 93 octane gasoline in the car. Bigger engine better gas,? Right? I was wrong. The average prices for gas in Florida, the state that I live in is $2.36 for regular and $3.13 for high test. That’s a $0.77 per gallon difference. Doesn’t seem like much does it? If you drive 20000 miles a year it is. If you average 20 miles a gallon you are buying 1000 gallons of gas a year. That’s almost $800. More than you should be spending if you’re using the wrong gas. Now let’s take that back to my post from the other day. Let’s add that to the $7,200 that we came up with there. The total is now $8,000 a year that we’re totally wasting on things that are that are non essential, AND definitely essential too. But there’s more. Let’s go shopping!

Did you know that? Well I don’t have I did you know that answer right now but I do want to mention this one last thing that most people really don’t relate to but we all do it. We buy junk. Yes we walk into a grocery store and many times we buy junk. So we buy that 12 pack of Coke or maybe two. Perhaps we buy a case of beer. Chips and dips. Candy. Little boxes of fruit punch for the kids. Maybe we pick up The Enquirer at the checkout. This is math I can’t do for you because I don’t know how you shop. What I do know is these are the things that get you into debt. And once again we’re talking about non-essentials here. Not to be redundant but shopping like that along with little things like using the wrong gasoline for your car or going to Starbucks, or smoking costs a whole lot of cash. I will reiterate that if you have to borrow money to buy these items you probably need to reassess the things you buy. If these bad habits have gotten you into debt consider debt consolidation for your credit cards or payday loan debt consolidation for your payday loans. Either way you go, a good payday loan consolidation company can reduce your interest rates down to 0%. That’s whether you have payday loan debt or credit card debt. Payday loan consolidation and credit card consolidation are proven commodities and they work.

Big news about Federated Financial Payday Loan Consolidation Website!

For many years Federated Financial has used the internet as an educational tool for people who are in debt. In this particular instance we are talking about payday loan debt, how to consolidate that payday loan debt, and how to make it easier to pay off. We’ve always believed our website to be informative, well written and what I would call customer centric. Well, we’ve taken another step forward. We feature and will continue to feature our large frequently asked questions page but in addition we will now begin to provide to consumers who visit this site human answers to human questions.

Payday Loan Consolidation Company - Federated Financial - Introduction to payday loan consolidation
Our newly created vlog will answer questions that are asked the most. Real questions that are asked of us by real people. Questions like “Can I consolidate my payday debt?” Below is an example of the payday loan consolidation themed videos we will be releasing on a routine basis:

Can my Social Security be garnished by a payday loan company?

Payday Loan Consolidation Company - Federated Financial - Can Your Creditors Take You To Court
Can I Consolidate My Payday Loans?

Payday Loan Consolidation Company - Federated Financial - Can I Consolidate My Payday Loans
Get out of Debt!

Payday Loan Consolidation Company - Federated Financial - Get out of Debt
Can Payday Loan Companies Take My Money?

Payday Loan Consolidation - Federated Financial - Can Payday Loan Companies Take My Money
Questions like “Can I be put in jail for not paying my payday loan?”these are all relevant questions and really need more of a human spoken response then a written response. Like many things in life payday loan consolidation question answers, are all different dependent upon each individuals unique situation. I would strongly suggest you check our vlog regularly to you have your payday loan debt consolidation questions answered in a concise and understandable way. We’re here to help you and we’d like to consider ourselves a strong educational resource for the consumer who’s in debt.

The anatomy of Payday Loan Consolidation

I felt this would be a good time to revisit exactly how payday loan consolidation works and how to get started. Payday loan consolidation can be a gift if you are strapped to a high-interest payday loan that you obtained through what I like to call predatory lenders. How do you get out of debt? Sometimes solutions that seem almost impossible, are right at your very fingertips.

The first step is to find a reputable payday loan consolidation company. You’ve found one on this website. Whatever brought you here brought you to the right place.we have 23 years worth of experience and accolades in this business having opened our doors in late 1997. We have been recognized by the BBB with their highest mark, which is A+.

We have been recognized by our customers in our Google reviews and most recently I’m proud to say that we were featured in a Market Watch article that we’ve posted here on this site. This article was posted by Market Watch just a week ago and this is January 2020. Market Watch was impressed enough by our site and our reputation to post a link from their site referring us to their payday loan consolidation customers.

Okay, so how does it work? Up top, on our home page is a form. It’s a simple form that asks you to fill out five things. It takes 30 seconds to do. You can even get things rolling more quickly if you’d like. Just pick up the phone and call us Monday through Thursday from 9 to 9 and Fridays from 9 to 6. You will be connected either by form or by telephone to an accredited payday loan counselor. All you need are the names of your creditors and the account numbers if you have them.Your counselor will discuss your situation with you and based on our 23 years in business and our excellent relationships with your creditors more likely than not we will be able to submit you into a payday loan debt consolidation program.

This will reduce your interest rates down to 0%. Obviously, that will eliminate the exorbitantly high interest rates that you have been paying consequently lowering your payment to a more affordable dollar amount. It will also ensure that if you make your payments on a timely basis you will get out of debt a lot quicker then you would have if you had been paying interest. In addition you won’t have to roll the loan over into a new one with more fees being added to an already onerous balance. Aside from a bankruptcy which can be messy and embarrassing, this really is your only alternative. Use it. It will save your financial future.