Yes, you read that right. As talks go on about reopening our country, creditors around the country are starting to get hungry. Hungry for your money. If you’re on this blog you know that we are a payday loan consolidation company. We are one of the companies that consolidate payday loans. Our name is Federated Financial and we’ve been in business for 23 years with an A+ rating from the BBB. That says it all. With that out of the way it’s time get real. Banks that deal in mortgages and credit card debt have extended all sorts of amnesty to their clients. It’s not because they’re kind.
It’s because they want to get paid even if it’s in small bites. No amnesty for payday loans! Why? Because these lenders prey on their customers. Their business model is geared to keep people in debt for many years. Payday loan debt consolidation companies are here to curb that process. There’s no amnesty for payday loan debt. I’ve googled it many times and can’t find anything about that. That begets the question, how do I get out of payday debt? Well, as most of us know by now the government will be either electronically transferring or snail-mailing relief checks to most Americans starting on Monday.
Your payday loan creditors are keenly aware of that too and will use every resource within their power to get their hands on your money. You need payday loan consolidation companies now,,, more than you know! If you’re reading this you are here for help and tell you why. What I mean, is you’re here because you need us but you really don’t know what we can do for you. A good payday loan consolidation company that’s been in business for a very long time has built up solid relationships with your creditors. Based on our longevity and the honest, transparent way we do business, payday loan companies know if we tell them they’re going to get paid in most cases they do.
You want to pay those payday loans through our company. Using a good payday loan consolidation company to pay your debt can save you thousands of dollars, and years of grief, both emotional and financial. In most cases our program can get your creditors to reduce your interest rate all the way down to 0%. Right now, odds are your paying somewhere between 200% and 700% annually. Payday loan consolidation companies can make your savings astronomical. Relieving the high interest burden from your loan allows you to pay off your payday loans in a reasonable amount of time. It’s really a smackdown victory. You’re paying your creditors back, but you’re not paying The “Vig” so to speak. One last little note. I call it The “Vig” for a reason. It’s a term that loan sharks use to describe interest. It’s short for vigorish. That’s what they call it. I call it that because I believe that payday lenders are nothing short of glorified loan sharks. Eventually the government will do something about it. Right now you’re stuck with it so let’s make the best of it. Let us help you! It’s what we do, and we really care!