How To Get Out Of Payday Loans Legally

By Shawn Lee Martin

how to get out of payday loans legallyThere are at least three different paths to take when figuring out how to get out of payday loans legally and they all accomplish the same goal, getting rid of payday loan debt.

But that is that is where they part ways!

Let’s take a look at the three most travelled paths people take when they find themselves buried in payday loan debt!

[Click Here To See How We Deal With Payday Lenders!]


1. Bankruptcy

This is the nasty one that wrecks your credit for seven years in most states and really should be the very last resort out of the three.

I put it first just to get it out of the way so we can move on to more important and much wiser ways to discharge payday loans.

This option should be used as a very last resort short of jail time for some very large payday loans combined with other out of control debt.

If you go this route, you are in for a ride, it is no fun and very hard to recover from in any short period of time and payday loan companies do not like this option either simply because they made no money once a filing takes place.

2. Sell Your Belongings

CashI have had clients tell me they were told by the payday loan collectors that they needed to pawn or sell everything they could to cover their payday loan debt.

These collectors do not care where you get the money, they just want the money period.

many people have sold heirlooms, coin and car collections and much much more, even property and houses to get the collectors off their backs.

This is also not the way to deal with payday loan debt. You will loose your belongings and many times not completely pay the debt off only to watch it grow back put of control in no time!

3. Consolidation Loan

This is one of the most common ways people finally get out of their debt. Because most people who find themselves in any of the above situations have poor credit, the ones who can convince a high-interest finance company to take a chance of them clean up their payday loan debt this way.

They will be strapped with payments for the next three to six years and it will cost them less than the payday loans were costing them in interest, they will still be paying close to double the amount by the time the loan is satisfied.

4. Our Choice

I know I told you at the beginning we would explore the three ways people pay off these companies, but I left out our choice.

We recommend using a payday loan consolidation company like us to eliminate your debt!

We can show you how we can save you a ton of money, take over your loan, call off any collectors and stop any legal action just by following out Payday Loan Repayment Plan!

We actually take over your loans, make your payments and do all the talking with these companies so you will never have to talk to a loan collector again!


Do yourself a favor and give us a call toll-free at 1.877.280.5100 or fill out our form for a free quote on how we can eliminate your payday loan debt!

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[Click Here To See How We Deal With Payday Lenders!]

18 thoughts on “How To Get Out Of Payday Loans Legally”

  1. You mention the perfect solution is to consolidate the loans into one where I presume the interest rate is a fraction to what some of these well known company sharks tie you into and I have to agree that this is the best option rather than considering bankruptcy or selling your belongings to cover part of the payments.

    However when you initially acquire a payday loan with huge interest, I thought you were tied into their contract. Is it a straightforward process to cancel the agreement you initially had in order to escape the inflated interest charges or have you got to be in a situation that you can no longer afford to pay?

    I think this question is what confuses so many of us.
    Thanks for your advice,

    1. Hi, Simon!

      You must be in default of your payments or in so deap you can not keep up with the payments. At that point we can negotiate with the loan companies.

      Thanks for stopping by and if you have any more questions please feel free to contact us 🙂


  2. Sounds amazing what you’re promoting here, man. If you offer a easy solution for regular people to get out of their debt then that’s fantastic.

    Everyone hates all these debt collectors that will get your money once your income starts coming in. It’s pretty annoying. I will definitely check this out, and recommend this to my friends.

    Wish you all the best on your journey.

    – Victor

    1. Hi, Victor!

      Thanks so much for stopping by and checking out our service!

      Please pass us around and let everyone know we are here to help one and all with out of control payday loan debt!


  3. I always thought payday loans were a scam. I hate being in debt and couldn’t imagine being in debt to payday loans. However, many people do have to resort to this and you lay out some great ideas to get out of the mess if you’re in it. Question, does bankruptcy always eliminate the payday loans?

    1. Hey Scott!

      Yes, bankruptcy will eliminate your payday loan debt but it should be s last resort. We have much better options available to our clients.

      We look forward to showing you what those options are if you or yours ever need our services.


  4. I hate being in debt. This Post is great at giving me some ideas on how to close out debts such as a payday loan. Very informative and detailed information so I thank you for that. Selling some of my belongings is not a bad idea. There are so many different apps that help us sell our stuff these days, that would make it easy. I might do that. Filing for a BK will hurt me in the long run so I am trying to avoid this at all costs, but I do see it as an option for some. Consolidating debts looks like the best way to go if I can find a bank with my credit who will do it. thank you for the help. – Matt B.

    1. Hi, Matt!

      Consolidation sure works in many cases and it can also save you money in the long run compared to paying the high payday loan interest rates!

      If we can be of service to you please let us help!


  5. Hi Shawn. I am a debt adviser based in the UK and was very interested to read about the service that you offer. I help people to break the payday cycle without taking on any further borrowings. I can see that you consolidate peoples debt, but how do you do it? Do you pay of the existing debt and if so, do you have any problems getting the repayments out of the clients you are helping.

    1. Hi, Daniel!

      We do pay off the balance but only after we get paid. We set the clients up with a new affordable payday loan repayment plan and as they make their payments we then deal with the loan companies ourselves.

      Thanks for stopping by and check out the plan, it explains our whole process.


  6. Greetings Shawn!

    I must say very nicely structured, very eye catching. Payday loan collectors will try their best to intimidate you into paying back the cash. I personally have never taken out a loan as I’m very careful with cash. You really do need to save for rainy days.

    Thanks for the knowledge!

    1. Hi, Trevor!

      I am glad we could help you with some info on how payday loans can bury you in debt quickly!

      We agree, saving is always best!


  7. I personally have not acquired any payday loans, but I am curious as to how your company is able to help? Is there a set interest rate that you guys set up or does it vary by credit? I like the idea of being able to take care of it online and not having to deal with debt collectors directly.

  8. I found you to have great advise. I have been in this spot in the past and the way you present your post, I would be very interested in calling and seeing how much I would need to pay monthly to get out of debt. One thing for me, I have never seen the term Payday debt could you give me a quick definition and maybe have it at the top of your site. Thanks, always wanting to learn. Keep up the great service.

    1. Hi, Marc!

      Thanks for stopping by! We deal exclusively with payday loan debt and we can help anyone that has payday loan debt in the USA.

      Please feel free to fill out a free quote form!


  9. I have had issues with being in debt and have been lucky enough not to have to get behind on payments. Especially with payday loans as they have such high interest rates. They are the worst of the debt collector world as I can testify from personal incidents.

    I like the fact that you have put down impartial advice as well as your own reccomendation. However, I wanted to ask do you have any more information on what a UK resident can do?

    I notice your number is for the USA but do you have a UK branch?

    1. Hi, Connor!

      No, we do not have a branch currently in the UK but I do know similar companies like us are there.

      I think a quick google search would bring up some of the better one!

      Good luck and thanks for stopping by!


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