Payday Loan Debt Relief Programs

By Shawn Lee Martin

debt relief programsThere are not many payday loan debt relief programs on the net today besides the payday loan consolidation companies and it pays to do some research on these  before you dive in and hire one to help you.

Payday loan debt is a horrible thing to deal with and living in a payday loan trap is really a nightmare but it does not have to be.

These programs can make this battle simple and take the collection heat off in a matter of hours but the companies must be checked out BEFORE you agree to any terms with them!

Let’s take a look at what to look for and what to look out for!

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The Consolidation Programs

These are the most common programs offered to people dealing with out of control payday loan debt and most companies that offer it are reputable, but there are snakes in the fields too.

We will concentrate on these companies and how to check them out to make sure they are not just out to get your money!

There are questions you can ask that will make a huge difference in how your experience will be.

Le’s go ahead and take a look at some general questions to ask and what the answers mean.

Questions And Answers

Consolidation companies should treat your debt like it is their own and they should be looking out for your best interests, not theirs.

Some of these companies use your money to better their profits regradless of how it affects you the customer and this is a very bad practice in our opinion.

Ask the following questions:

  1. Do you deal directly with the payday loan companies so I do not have to anymore?
  2. Do you make the payments for me on the agreed upon repayment plan?
  3. Do you hold any payments for a set amount of time before you apply them to my account?

Let’s take a look at the answers to these questions and what that they mean.

  1. The consolidation company should take over your loans and treat them like they are their own personal debt. They should deal directly with the payday loan companies as your legal representative and you should never have to talk to the payday loan companies again. If they do not do this stay away from them!
  2. The consolidation companies should make your payments for you directly to the payday loan companies as is stated in your contract with them to do this. If this is not the case, this may be a bad deal for you.
  3. The consolidation company should never hold your payments for more than 2 weeks for any reason and holding it any longer in our opinion is not good business.


The best way out of the payday loan trap is through a payday loan debt relief program and the best and most common program out there is the Payday Loan Consolidation Program.

Ask the right questions and you will be able to find a reputable company to help you get out of this debt for good!

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[Click Here To See Our Number One Recommendation For Dealing With payday Loan Debt!]

6 thoughts on “Payday Loan Debt Relief Programs”

  1. wow i am thankful that i have never have an ideas of the pay day loan before because they could have put me into troubles and causes many problem for me and my family this post have helped me a lot

    thanks for such creative information and for any other information that arise please keep me updated



    1. Hi, Jose!

      They can get you in a lot of trouble if they are not used correctly and we are happy to provide help when that happens.

      Thanks for stopping by!


  2. Wonderful article, i like this article as i have been heard other organization related to this organization but i never used them before and i don’t know how they works and what are the benefits to get from loan holders.I think this is good organization as it helps pay loan debts for being bankruptcy.

    Thank you

    1. Hi, Jose!

      It can make a huge difference in filing or not filing and I encourage anyone with payday loan debt to contact us and see how we can help!


  3. I’m so thankful that I never got into pay day loans. Honestly, if they had existed (or if I had known about them) in the early years when I was broke all the time, I probably would’ve ended up using them and getting into trouble. I can see how people could accumulate serious debt with these. Debt consolidation is a useful tool. But I think you might also mention that bankruptcy, as scary as it may seem, may be the better option if your debt is out-of-this-world.

    1. Hi, Debra!

      We try to avoid the bankruptcy word here as much as possible because after we negotiate the interest away from these loans the payoff amounts are usually always low enough to avoid a bankruptcy but you are right, that option is always there.

      Thanks for stopping by!


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