payday loan consolidation companies

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How many reputable payday loan consolidation companies are out there?

Not many. I know that because so many of them you see online have just sprung up over the last couple of years. Federated Financial, which is multifaceted and a One-Stop shop, works with payday loans, credit cards, and medical bills. It takes many years to build a payday loan consolidation company into a trustworthy and well-respected agency. The best payday loan consolidation companies are able to deal directly with your creditors. These lenders know Federated Financial very well. When we tell them that you are working with us they know that in most cases they will get paid. That makes a difference to you. The dunning calls usually stop, and in most cases, we can reduce your interest rate all the way down to 0%.

Remember, that’s down from anywhere between 200% to 700% annually. That’s right. Your payday lender is charging you enormous amounts of interest annually. The rate reduction is important. It lowers your balance and consequently lowers your monthly payment. In addition, the best payday loan consolidation companies are more than one-trick ponies. As I mentioned up top we can consolidate just about anything.

Companies like ours who work with banks have specific code numbers that were assigned to us over 20 years ago. They don’t assign these codes anymore and consequently, new companies do not have them. Unless you’ve been in this business for a minimum of 20 years, you don’t have a code. The banks do not give them out anymore. Consequently, agencies without codes cannot reduce your interest rates for credit card debt. There are two more very important things you need to know when it comes to choosing the best payday loan consolidation companies. Most important is how they rate with the BBB. We are rated A-plus. That’s not a coincidence.

You need to know if the company that you’re working with has longevity. The longer your agency has been operating the more credibility it has with the lenders. We have been in business for 23 years. Go to the top of our page and fill out our quick form, or give us a call during business hours. We are here to help you and we will. We treat our clients like family. That’s because we care.

Why are payday loan companies important?

I know that’s a crazy question to ask given that you’re on this site looking for real Payday loan consolidation. Payday loans are the reason you’re here and they’re probably a major thorn in your financial side, so to speak. I believe that payday loan companies can serve a purpose in our economy for many people that live paycheck-to-paycheck. As we come out of our homes, and slowly go back to work there will eventually be paychecks rolling in. We’re not quite there yet but in most States it’s going to happen soon. President Trump has stated that he will not be sending any more stimulus checks out in the near future. I actually understand that because printing money that we can’t back up devalues the dollar. We don’t want to do that because it will destroy the economy. My guess is you’ve spent stimulus money on bills that are essential and many people are finding it tough to make ends meet.

Now that’s where a payday loan company comes in. Payday loans can be a short-term play for people whose credit is not good enough for a bank loan. In those circumstances it’s a perfect solution. Remember one thing. You are paying anywhere between two hundred and 400% annually for this loan. Pay it back in two or three months and it worked out well for you and didn’t cost you much money. It was there for an emergency, and that’s what you used it for. Pay it off quickly and you’re fine. There are many who are reading this article, who are not able to pay it off quickly. That’s where the usurious rates that PDL companies charge become unaffordable. When that happens the best thing to do is ask for help. Federated Financial is a twenty-three-year-old institution, that is rated A+ by the BBB. Very important. The longevity factor is key in getting your interest rate reduced and in most cases reduced down to 0%. That allows you the opportunity to make smaller payments over shorter period of time. Our longevity factor has given us time to build strong relationships with your creditors. These lenders know us and trust us to make sure your payments get to them on time. Our BBB rating says it all. We are trustworthy. It also says that we are good at what we do. We’re proud of that. We are truly a real PDL consolidation company. We do what we say, which is something that many of the bad actors out there do not do. We can help you. We are one of the real PDL consolidation companies. I say real as opposed to fake because this company has been around for many many years. If you need help please use our number at the top of our homepage or fill out our short form and one of our certified counselors will get back to you as soon as possible. You’re in debt, and Federated Financial can help you. We treat you like family and we care!

Let’s talk about payday loan consolidation companies!

We receive questions through emails and telephones daily. I’m going to go over a few of them today.

*Who is the best payday loan consolidation company?

The answer is pretty obvious. Federated Financial is the best payday loan consolidation company. You might ask why? 23 years of experience, and an A+ rating with the BBB virtually assures creditor compliance with our request to help you consolidate your payday loans.

*Do payday loan consolidation companies work?

Of course they do. I know that they work because Federated Financial has been here for many many years and helped hundreds of thousands of people consolidate their payday loans. Creditors respect longevity in a payday loan consolidation company. In most cases they would be willing to reduce your interest rates down to 0% lowering your monthly payment and getting you out of payday loan debt in a quicker amount of time.

*Can I get a loan to pay off my payday loans?

People need a good score to qualify for a personal loan that’s not collateralized. This is why people use payday loan companies. It’s also why people come to us to consolidate their payday loans. Payday loan consolidation is a viable option to taking out a loan. Why take out one loan to pay off another? payday loan consolidation companies help you get out of debt by having your creditors lower your interest rates dad to 0% in most cases. Another loan will cost you interest!

Leave it to our country’s leaders to politicize the biggest tragedy in 102 years…

Read this. It affects you. President Trump has his mind set that this country needs to reopen by the 1st of May. People get it. They understand why. Or, at least they understand why he feels that way, but it might not necessarily be right. In the case of coronavirus the cure is in the process of destroying the patient.

Our economy has seen a nice bounce-back over the last week and a half but, it’s certainly not time to put people back to work in many places. The President has come out and said that the final decision rests with him which is in direct contravention to the Constitution. The 10th amendment specifies this fact. Governor Cuomo of New York was very specific about this. “Earlier Tuesday the governor told NBC‘s “Today” that the power to reopen state economies clearly sat with their governors as defined by the 10th Amendment to the Constitution, which states that powers not clearly designated to the federal government fall instead to the states.” If you have your nose to the news, many constitutional attorneys have come out and agreed with Andrew Cuomo, who is an attorney himself. At the governor’s briefing today he was very specific about not wanting to politicize this problem but wanting to protect the people first. A coalition of East coast governors including Republican Governor Charlie Baker from the state of Massachusetts have formed kind of a coalition coming forth to say that the decision is ultimately there’s as to whether or not their state gets reopened, and they will do what’s best for the people of the states they govern. Donald Trump came out this morning on Twitter calling these governors mutineers. Not very Presidential. Shame on him for that. He’s a bright man who does know better.

Governor Cuomo went on to say at his briefing this morning, and I paraphrase, that the President has been extremely responsive to him and the state of New York and the last thing he wants to do is go to war with Washington. He wants to leave politics out of this discussion and concentrate on the people only. He went on to say that he has no axe to grind with the President and would only oppose him if President Trump were to try and override his decision as to whether or not to reopen New York to business. It’s an interesting situation that bears watching. I will say that after all I have watched and read about this, all these governors have an open and shut case. The 10th amendment clearly gives the power to local government. When our founding fathers wrote the Constitution they had come from a Monarchy and had no desire to create another one. There was never supposed to be a king in America and there never has been. So will some areas start to reopen and go back to work? If they do your payday loans will become a problem. You will need help consolidating your payday loans.

I’ve said it before and I’ll say it again. You’ve come to the right place. if you need help consolidating your payday loans we are the company to use. We’ve been in business for 23 years and we’re highly rated at a plus by the BBB. Payday loans are a tricky thing. The lenders love them because they earn between 200 and 700% interest on most payday loans they extend. Our company, in most cases will be able to lower your interest rate down to zero and get you out of debt in a much shorter amount of time for a whole lot less money. If you need help consolidating your payday loans, please use us! You want to deal with the best payday loan consolidation company out there and remember one thing! We care.