Frequently asked payday debt consolidation ?’s
1. How does Payday Loan Debt help work?
Payday loan resolution companies works slightly different than typical debt consolidation companies. Debt consolidation generally lumps all your debts into one payment that is usually secured by some asset such as your home,auto,bank accounts etc. However it does not generally help in a reduction of what you owe to the Payday loan company.
Payday Loan Debt help is specific to the payday loan industry and actually helps you resolve your payday loan debt for less than the contracted amount that you owe on average. Our payday debt settlement resolution programs also help give you breathing room. We start by having specialist go through a free consultation and help you step by step on the process of setting up a program that help stop the excessive fees, the unwanted debits to your account(s) and the harassing phone calls. After you enroll, they design a plan that gives you 2-12 months to stretch out a repayment schedule that fits within your budget. They use knowledge and skills to get the phone collectors off your back and notify them you are working on alternative arrangements to seek repayment.
After funds have accumulated in your payday loan debt help account they begin the resolution process to get the payday loan debt ”paid in full” and close your loan account. After you obtained “paid in full” status with the loans and completed your consolidation/resolution program they also help to get your name removed from any negative reporting agencies that the payday loan companies may report to.
2. Do you help with both storefront and online payday loans? YES
Simply fill out the “apply now form” and a specialist will contact you right away and answer any further questions you may have.
3. When does your companies begin resolving my debt?
After you have completed the easy initial steps designed for your particular payday loan debt help resolution program and paid your first full monthly payment, The specialists go immediately to work to begin the payday loan debt help proceedings.
4. Will this affect my credit?
Resolving payday loan debt with the help from your highly experienced professionals should not affect your FICO score. They work to help have your name removed from any reporting agency’s negative or derogatory list(s). They may also have programs available to help you with your past credit concerns. Just ask your payday loan debt relief specialist to explain the programs available.
5. Why should I choose payday loan consolidation/resolution as my solution?
The knowledge, skill and consideration for you the client, is unsurpassed compared to some payday loan consolidation companies. The payday loan Debt Relief Specialists are here to help you work out the best program for you and help you get the relief you need at such difficult financial times.
6. How much will this cost me?
Any fees are based on an individual client basis depending on the total amount of payday loan debt owed, length of program and your particular individual needs. The companies fully disclose all costs when you speak to a Debt Relief Specialist before going forward with any companies program. They help you condense your repayment to your lenders with one easy monthly payment, this is most likely a fraction of the payments you now make generally every pay day.
7. How long does the program last?
The typical program lasts anywhere from2 to 12 months depending on your individual needs and how quickly you would like the companies to resolve the debts.
8. Are there any guarantees?
There are no guarantees that can be given. Every client has a unique situation. However on average, our staff’s skill and knowledge has been able to negotiate resolutions for most enrolled clients or suitable repayment terms based on the client’s budget. They stay in constant contact with you and work their hardest to get you the best possible resolution and breathing room from the overwhelming pressure of these loans.
9. Can I cancel if I change my mind?
You can always cancel your program at any time. Your participation is 100% voluntary. However you will still be responsible for the loans if you cancel the program as we the payday loan debt company will no longer have the legal right to help you in negotiations or with harassing phone calls.
10. How do I qualify and get started?
Simply fill out the short questionnaire form and a specialist will contact you as soon as possible. If you are in over your head with payday loan debt and overwhelmed by the pressure, it would be an honor to begin helping you today.
11. Does my lender(s) work with your firm?
Yes, they may try to intimidate you into thinking otherwise but keep in mind that they are debt collectors and they always gravitate towards the source of the money. Now more than ever these lenders have experienced the high value of cooperating with us. If they did not work with us we would have no reason to offer these programs to consumers.
