You have taken a payday loan. I’m sure there was a good reason. No one takes payday loans to go out and have a good time. As the weeks go by the interest mounts consequently not allowing you to pay much principal with every weekly payment. One day you wake up and you realize you’re walking on the debt treadmill. How do you get off? There’s no easy answer to that question. There are a lot of complexities involved and it all depends on your situation. If you do find yourself deep in Payday loan debt the biggest impediment to retiring that debt is the enormous amounts of interest you are being charged. I have a chart in this blog that will show you all the states and the interest rate they allow payday loan companies to charge. It can run you up to 700% annually.
It edition this chart will show you whether payday lending is legal in that any one particular state. Refer back to that. It’s just a couple of articles back. Payday loans might not even be legal in your state. For now, let’s proceed under the assumption that they are. That’s why you’re on this blog and on this site. My guess would be that you have visited other sites too, and you’re trying to make a decision as to who you’re going use to consolidate your payday loan debt.I think the two most important things you need to look for are longevity, as in time in business, and a combination of trustworthiness and credibility. Having written that I can actually think of only two companies that you give you both. I’m not going to talk about anyone else’s company, except to say that I know the man who is the owner of that company and he has integrity just like we do. So I’m telling you that if you see 100 ads in these categories for payday loan consolidation companies and you are confused I don’t blame you. I’m going to tell you to choose us!!!! Talk is cheap but I can prove what I say. We are now in our 23rd year of business. A lot of people can say it but I’m going to show you. Click this link. We incorporated January of 1998. That would put us the category of over 22 years, or in our 23rd year.
In addition we are recognized for our excellence by the BBB. We have been rated A+ and we have been for many many years. We are members since 1999. So what does that mean to you? It means you are dealing with a company that has forged trusting relationships with all of your creditors. It takes two components to make a company like ours work. First our clients. We make promises to our clients and we wouldn’t be able to keep them if it wasn’t for our relationships with their creditors. Creditor participation is huge.
Many of these new companies that are popping up don’t have these kind of relationships. A lot of them aren’t even recognized by specific creditors at all. Our longevity is one of our greatest advantageous. The BBB ranking speaks for itself. What I’m telling you here, is if you want to deal with the best just pick us. We will treat you like family and this program works!
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- Who are we? Federated Financial, who are we? How and why did we get here, and how did we manage to stay? - December 19, 2020