As I was sitting in the office, a frantic call came in from a lady who I will call Jane, who was yelling I need help with defaulted payday loan payments!!
Jane was freaking out because she had 7 payday loans that she had been juggling for the last 3 months and she had finally completely run out of options coming up with the required payments every two weeks to cover the loans.
Once the payment due date came around and she could not cover any of the 7 loans, she just lost it!
John Is My Next Call
Sure enough, as soon as I finished talking to Jane my phone rings again and it is a gentleman I will call John.
John too was screaming into the phone: “What do I do? These vultures have got me trapped and now they want to take me to court!!”
Both John and Jane had gotten themselves caught in the age-old payday loan trap and they now had both been paying incredible amounts to keep these loans current and had finally run out of cash to cover the rising payments.
In Jane’s case, she had taken out loan after loan to keep up with the payments and she now had 7 defaulted payday loans.
Of course, the loan companies are calling all her friends and references and even her boss at work looking for her.
John kept extending his payday loan to the point where he was now paying more in interest than the original loan x 4 and he was in default.
The loan company he has his loan through is very strict when one gets in default and they are threatening legal action if John does not pony up with some cash right away.
Both Jane and John have a simple solution but neither of them had any idea how simple it would be to take care of their defaulted payday loans.
All they need to do is contact a company like us who specializes in helping people deal with out of control payday loan debt.
A quick phone call to us, ( albeit a loud one in both cases, lol) and we will take it from there.
We combine all of the loans and negotiate with the companies directly. Jane and John never have to talk to them again, as we do all the contacting.
We stop all legal action and we get the interest stopped and most times reduced to a fraction of what is outstanding.
We then set up a low affordable bi-monthly or even monthly repayment plan that usually satisfies the debt within 18 months.
One quick phone call to us and all Jane and John’s worries are gone.
I know how easy it is to get buried in payday loan debt as I myself have been there and done that.
I spent months extending loans and taking out new ones to cover old ones and finally began getting threatened with legal action and even jail and all I would have had to do was call a payday loan consolidation company and I would have put and end to all of the craziness that quickly!
If you have out of control payday loan debt do yourself a huge favor and call us today at 1.877.280.5100
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