Where do I need to go to find help with consolidating payday loans?
I have taken out too many payday loans and now I am having problems paying them all back and paying my bills at the same time. I am now late on most of my bill because of the payday loans. . . . . please help!!!
Tags: consolidating, Find, help, Loans, Need, Payday, Where, With
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on Sunday, February 28th, 2010 at 12:22 pm and is filed under Payday Loans.
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Nothing you can do to consolidate them. Pay day loans are designed so if you don’t pay it off in full then they accumulate interest at a very high rate. They basically design them so that you take your first one out, then you have to pay it back, but you need more money so you take another one out and so on. It’s a vicious cycle. . . I’d say take out a small personal loan from a bank to pay them off that way you can consolidate them into the one loan. . . but banks are not really lending out money right now. . . Sorry. . .
Get help by contacting a good debt settlement firm. Pay your regular bills first, get you self on a budget and take a deep breath. You will get through this!!
Give me a call, if I can’t help you I some resources that can. You don’t want to take out another loan, go with debt settlement.
Many credit unions offer assistance to people in your situation (overburdened by payday loans). If you are not a member of a credit union, you can go to the following website to find one to join:
http://www. creditunion. coop/how_to_join. html
Hope this helps. Good luck!