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.