Payday Loan Debt Solutions – Consolidate!

By Shawn Lee Martin


payday loan debt solutions
Not all debt relief is the same!

There are so many payday loan debt solutions out on the web today and people can get very confused on which way to turn for help with their out of control payday loan debt.

We have seen countless scam consolidation companies and scam loan companies advertising installment loans that are in reality worse than the original loans the customers have now.

There is no lacking of companies out there trying to take even more advantage of people’s misfortune and it looks like there always will be these kinds of people laying in the grass just waiting to strike.

We took some time and checked out several different types of solutions offered on the net today and the following is the results of what we found.

Click the button for our recommendation!

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Before we jump into our results let take a look at this video which shows how payday loans work and how they can trap you.

OK, let’s take a look at the solutions to eliminating our payday loan debt we explored and what we think of them!

Do Nothing


I have had customers contact me and ask what will happen if the just ignore their payday loan debt?

They have already defaulted on their loans and what more can happen?

Well, there are things that will end up happening, and all of them are bad.

These loan companies will start calling you, your work, your friends, your references and they will tell everyone you are in default and not paying your bills.

They will also keep hitting your bank account until it is hopelessly in the red from inefficient funds charges.

They could possibly even sue you.

We recommend not going the route, there are better options.

A conventional loan


Getting a conventional loan is one way of eliminating your payday loan debt, but it is not the wisest way to go.

Most people will not really even have this option as they have poor or zero credit to begin with and that is the reason they ended up using payday loans to begin with.

The ones that do end up qualifying for an installment loan will see themselves supplying at least three times the amount of collateral over the loan total, and will end up with a less than desirable high-interest rate and payments spread out over between three to five years.

The length of these types of loans and the high-interest rate is enough for us to recommend not taking this route!

Bankruptcy


In no way shape or form should one even consider this option.

There are other solutions that will not destroy your credit for the next seven to ten years.

This option really is not an option at all!

Take out another payday loan


After watching the video, we know this option will not work!

By taking out another payday loan we are just starting the payday loan trap process all over again and complicating the whole situation.

This will lead to more of the same debt, more collection activity and more headaches for the borrower.

This option should also be completely avoided.

Payday Loan Consolidation Company


This option is the only viable option a person should consider when in trouble with payday loan debt.

People misunderstand how this option works and many think it is an actual loan, but they are completely off the mark in that thinking.

A payday loan consolidation loan is really just a combination of all your payday loan debt and companies if you have more than one all combined together into one low bi-weekly or even monthly payment.

You will be making that payment on time to the consolidation company and in return they will make the payments to the loan companies.

By using a reputable consolidation company, you will get your interest stopped and many times greatly reduced and all collection activity will cease.

Within hours of hiring one of these companies, your worries with this payday loan debt will be over.

That quick!

This is our recommendation for a quick and easy way to lower your payments, stop all harassing activity and get this debt eliminated usually withing 18 months.

Summary


We have covered several options for payday loan debt solutions and found only one to be of any real use in eliminating your payday loan debt.

Our recommendation is that you use a payday loan consolidation company to eliminate your payday loan debt!
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78 thoughts on “Payday Loan Debt Solutions – Consolidate!”

  1. Your site is very complete and again you are sharing really good and important information about your niche. This video article is very useful because the video gives so much information and then you complement that! I wonder how often this service helps people? I bet it is often! Could you help anyone with payday loan debt?

    1. Hi, Alfred!

      Yes, we can help anyone who may have payday loan debt in the USA! Thanks for stopping by and if you ever need any help please feel free to contact us!

      Shawn>>

  2. Thanks for the important information. Finally a way to get out of Payday loans. Its a vicious cycle that is so darn hard to get out of. Its a never ending and hopeless feeling. I am so glad to see there are alternatives to getting out of payday loans. Kudos to you and your program – Marilyn

    1. Hi, Marilyn!

      Yes, this kind of debt can really drag you down.

      I am happy to say we will be here until; these kinds of loans are no longer a threat to everyone 🙂

      Thanks so much for stopping by!

      Shawn>>

  3. Thanks for the read. Here in Florida you find a payday loan place in every corner. People fall to them because they are easy to get most companies give you one if you never had one issued by them before. Also if you have a checking account its available. I have received pay day loans in the past but never had no problem with them. I know many people do. I thank you for information.

    1. Hi, Devine!

      I am so glad you used these loans correctly and never got caught in the trap!

      They position these stores strategically in low-income areas for easy access to people that need the help of a payday loan but are also easily trapped by the debt.

      Keep using them correctly and if you do ever get caught or know anyone else who may need our help please send them by!

      Shawn>>

  4. Wow what alot of good info and great site. Because that is becoming a problem for everybody nowadays. Not enough money borrow money the wrong way.
    I will give it a try but was wondering if you could give me advise if you live internationally.
    Any advise is helpful in making up my mind what the best solution is for my money problem

    Cees

    1. Hi, Cees!

      It all depends where you live and what kind of debt you have.

      We can help get you in the right direction with that information.

      Thanks for stopping by and I look forward to hearing from you 🙂

      Shawn>>

  5. I appreciate how you have clearly outlined payday loan debt solutions and how consolidating loans might be the best option.

    It’s unfortunate that many people must rely on payday loans from time to time. I’ve had to do it once and paid the loan off quickly. Not everyone has that advantage.

    1. Hi!

      I am glad you used the payday loan correctly and paid it off right away!

      Not everyone is that lucky and that is why we are here. We want to help anyone who needs it.

      Have an awesome holiday season!

      Shawn>>

  6. you certainly give many options concerning the payday industry. Let me just say that I presently work for a large payday corporation and what you state is true. People get sucked in, going from one place to another, some have 3 or more loans at a time and they cannot get out of this system. People need to learn how to budget how to cut down on spending and use such options that you list such as consolidation.

    1. Hi, Angela!

      Thanks so much for letting us know you are working in the industry and agree with us! This helps people understand that there is a way to use them, but one must follow the rules. 🙂

      Have a happy and safe holiday season!

      Shawn>>

  7. In my opinion I think the best way to pay off any owed money for payday loans is to simply find a route to make more money. People pretend like money is impossible to come by when it’s entirely the opposite! Ithink that the big question is though, if everybody made more money and took care of their finances, would these payday advance places still exist?

    Matt TheDopestMatrix

    1. No, they would be gone for sure!

      Sometimes making more money is really not possible, and people think they are backed against a wall and in need of money desperately. The problem is that when a person is in that state of mind they do not consider how they will pay back the loan, all they care about is getting the money.

      I like they way you look at money, please keep that oputlook!

      Shawn>>

  8. thank you for this blog post. these payday loan company’s can end up being just modern day loan sharks with unusually high interest rates. I never knew that the military was especially targeted as are minorities as well. Financial literacy is what helps people make better choices about their future. I really hope this industry becomes more and more sanctioned, investigated and regulated. More than they already are. it really is a crime.

    1. Hi, Tiffany!

      That is happening and some states are making ground on regulation but there are still many states that give into the money in politics.

      Thanks for stopping by and if you ever need help or know anyone who might please stop back!

      Shawn>>

  9. WOW, great site. It is hard to relate to the content but I have experienced hardships and totally would have used this site if the situation came up. Lots of content, lots of resources, and lots of just pure good ideas as far as what to do and where to go. Good site, hope it is doing well!!!

  10. Really nice, you really know your stuff, I checked your page and its looking good, also your site and I willl be coming back, to see your latest posts, keep up the good work and remember that the content is the best you can make for people to find your website just like I did.

  11. When I was an Army officer, many of my troops got into trouble with payday loans.

    I think their debt started with borrowing money for stupid things they wanted, but didn’t need. Before long they were borrowing more money to pay the payments on the money they borrowed before.

    It was a nightmare for them and caused more than a few marriages to fail.

    Your article “Payday Loan Debt Solutions Consolidate” could have helped them. Thanks for fighting the good fight. Your recommendation will probably save some marriages.

    1. Hi!

      Yes, many of the military were originally targeted by these loan companies to the point of them opening up stores next to military bases.

      Many states now regulate this behavior with brick and motor storefronts but really have no luck with the online ones.

      Thanks for stopping by and please help spread the message we are here!

      Shawn>>

  12. Hey Shawn

    I am glad you have shared this info with us, It just gos to show these guys are litarly criminals some people need a quick loan just to cover unexpected expenses.

    Well done Obama for regulating these money scammers.

    I have feeling your article well help many people thank you.

    1. Hi, Jack!

      I agree that this was the right thing to do and I hope we do help people make the right choices.

      Thanks for stopping by!

      Shawn>>

  13. Very informative about the various solutions to getting rid of payday loan debt. You’re right, if someone has to resort to getting a payday loan in the first place, they probably can’t qualify for a conventional loan due to poor credit/no collateral. Thanks for this article, I was wondering, does taking out payday loans and paying them off on time help your credit score?

    1. Hi, Jillian and thanks for stopping by!

      Yes, it actually does help your credit if you use these loans correctly, as crazy as that sounds.

      That is one saving grace!

      Shawn>>

  14. Hello Shawn. Thanks for providing information how to rid from debts. Sometimes people get lost and they turn to everybody who promises them solutions how to be free.
    As you told, there can a trap. As everywhere, diligent research is a must to be performed.
    As I know, sometimes helps to transfer balance from high interest card to a card with zero balance. Here you can pay debt through estimated time in small portions. Latter on, interest rate goes up.
    Your article is a must to read everybody who wants to have peace of mind.
    All the best, happy writing, Nemira.

    1. Hi, Nermira!

      Thanks for stopping by and the compliment!

      We strive to help people who need it with payday loan debt and we hope as many people as possible become aware that we are here for them!

      Shawn>>

  15. This is timely information. Payday Loans can bury consumers if they are not aware of what they are getting into. One bad loan can ruin you financially for the rest of your life if you aren’t careful! You gave some great options to get out from under Pay Day loans.

  16. Somehow, I didn’t understand that well. It can get very difficult to understand many things about money like interests, profits, and loans. Economy, in general, has many things that aren’t understandable even for the experienced economists.
    So, Does what you described here will reduce the interest I have to pay for my loans?

    1. Hi there!

      Yes, what we do is lower your interest owed and stop future interest from being charged, then we set up low payments you can afford to make to eliminate the debt.

      Shawn>>

  17. I read your article about Payday Loan Debt Solutions. I should say that your review is pretty comprehensive and detailed. The video that you have included is pretty appropriate. This will help the readers to make appropriate decisions in deciding whether they want to payday loan debt or not. Keep up the good work. You are on the right track.

  18. It’s nice to see a website taking the take to actually help people out of their sticky financial situations for once instead of throwing more products down their neck. Great information here for people who are stuck in this situation. I will be pressing that button to see what your recommedation is for this type of problem…

    1. Hi, Chris!

      Thanks for stopping by1

      We are all about helping people and educating them on the horrors of payday loan debt.

      Please help pass the word!

      Shawn>>

  19. I think this post will be handy to many readers as there’s many people struggling with debt and unsure where to turn. Many people don’t fully understand their options and as they’re already stressed and panicked, they may not be in the headspace to make the smartest decisions. I’m glad you also pointed out that bankruptcy shouldn’t really be considered an option as it has many terrible consequences.

    1. Hi!

      Bankruptsy is always a last ditch choice in my book. It is so hard to recover from it and we offer a much better option.

      Thanks for stopping by!

      Shawn>>

  20. Thank you for the informative article. I think I have tried what you call a payday loan before, back in my past. I ended up accruing a lot of debt through credit cards and such and wound up claiming bankruptcy. I can understand your decision to not approve bankruptcy as a viable option. It didn’t really bother me, but then again I didn’t need credit because if I use it I’ll just get right back into debt. If I was in debt from payday loans I think I might try out your option.

    1. Hi, Melanie!

      I understand how hard it is to recover from financial problems.

      Best to leave the payday loans alone, they can lead you right back to the poor house.

      Shawn>>

  21. Hi Shawn, boy this is right up my alley. I worked for three years at a cash advance place, in fact one that is mentioned in the video. I am not so sure how true this really was, my manager was well known for lying, but I was told that our company would not work with debt consolidation companies. But she would turn around allow it. I also wanted to mention that there is a law (in Ohio) that protects the customers privacy. We were not allow and was grounds for firing if we disclosed any kind of information regarding the customers account when reaching out to family, friends, coworkers etc. I have a question and always wondered this while working there. What happens to the customer who does consult with a debt consolidation company and they do not pay that company as well as not paying off the loan to the payday company? I no longer work for this company and would never do it again because I couldn’t stand to see what these loans did to people. On one occasion, I witnessed a man who had a gambling problem and had many many different loans out at different companies at the same time. This man was on the verge of losing everything he owned, including his wife. Nine times out of ten, people don’t just use these companies for an emergency, it becomes a costly sometimes devastating way of life for them and it is very sad!

    1. Hi, Suzette!

      First let me commend you for getting out of that line of business!

      When they default on the consolidation loan the horrors all come right back. We give them an amount they can afford and if they do not live up to that we can not do any more for them.

      A way of life is exactly right and it leads to nothing but heartbreak!

      Shawn>>

  22. Shawn, excellent and helpful info here on this post! I have fortunately not had to resort to the payday loan route, but it has often looked very enticing.

    I like the way you went through the options available and explained why they are or are not viable, and the video presentation was most helpful, too.

    And the call-to-action button with the capture page makes it easy for people to get a no-strings attached, free estimate. Nicely done.

    Like I said, I don’t have use for this valuable info right now, but I intend to pass it on to some people I know who could use it.

    1. Hi, Marvin!

      Thanks for stopping by and passing the word on.

      We do want to offer help to anyone who needs it!

      Shawn>>

  23. Hi Steve. Your video was an eye opener for me. Short term credit has always been the most expensive but I didn’t realise just how much a lender can legally charge!….but when you are backed into a corner, what else can you do?
    I was hoping that simple financial management could become part of our general schooling. Until that happens, debt consolidation is the only real way out.
    It is a desperate situation for so many people.
    Thanks for the info.

    1. Hi, Janelle!

      It would be awesome if they taught the pitfals of these kinds of loans in high school and we may be pushing for that soon.

      Thanks for stopping by!

  24. Excellent post on payday loan debt solutions Shawn! Most posts I’ve seen rather than helping you try to get out of these kinds of debts, try to get you in them! It’s great to see you trying to help others and appreciate all the quality advice. Payday loans are something I would never want to get involved in the first place, especially with those skyrocket interest rates, and hidden disclosures. So it’s great to see you offering some kind of relief for others. I agree, that the best solution is through consolidation!

    1. Hi, Pete!

      Someone has to be here to help and I am glad to provide that service!

      Thanks for stopping by and help spread the word that we are here!

      Shawn>>

  25. Hi Shawn, some payday loan companies can be very unscrupulous. Many individuals do choose to bury their head in the sand hoping for a miracle that never comes and they end up in even more quick sand.
    Your site gives options and hope for those who feel they are on their last legs.

    1. Hi, Sherma!

      It can add up so quickly and before you know it you are buried in debt.

      We give you the power to do something about it.

      Thanks for stopping by!

      Shawn>>

  26. wow… what an amazing article this is, very informative and easily understandable…

    Awesome insights on debt solutions and Great recommendations too… I love the article 🙂

    I love certainly love the information you outlined 🙂 this is probably one of the best sites when it comes to debt solution tips and tricks…

    thank you for sharing this amazing information

    Nadeem 🙂

    1. Hi, Nadeem!

      Thanks for your compliments. We do try to be the place to go for help with payday loan debt. Please help spread the word we are here!

      Shawn>>

  27. Great site! I have heard way too many payday loan debt horror stories. The fact that you are trying to help victims of this horrible scam is great! People in this position can feel so hopeless and lost. They need a friend, they need a guide, they need a hero.

    1. Hi there!

      Thanks for stopping by.

      A hero? I like the sound of that, but I would rather just be teaching them how to deal with these loans.

      Shawn>>

  28. I’m glad you are writing about this, because people’s misfortunes should never, ever be used against them to profit unscrupulous individuals or companies.

    I did find some of the options confusing, so I’m glad you elaborated on them. I do have one question though: you refer to something called a “consolidation loan” but say it’s not “an actual loan”. If it’s not a loan, then how come you call it a loan?

    1. Hi, Patrick!

      We call it a loan because we take over your loan and make the payments for you, thus the payday loan companies are actually working with us directly.

      By doing this we can consolidate all the payday loans into one payment.

      Shawn>>

  29. I always worry about the popularity of these types of loans and how quickly they can take over your life. It’s like a dark put that consumes family life and you just get deeper and deeper.
    Thankfully there are articles like this that can point people in trouble in the right direction!

    1. Hi, Chris!

      Yes, we are in the business of helping anyone that needs help with payday loan debt.

      They are extemely popular because they are so easy to get, but the down sides are many.

      Shawn>>

  30. Hi Shawn, being in debt is absolutely awful as I experienced it a few years ago. I live in the UK where these types of loan are thriving and I personally think that these companies are allowed to get away with murder especially with the horrific interest rates they charge. It’s good to see that there is some respite for these poor people with legitimate debt consolidation companies. Nice post.

    1. Hi, Paul!

      I know how you feel as I too have been caught in these traps in the past.

      The best way to deal with these companies is to not deal with them at all!

      Glad you got throught it and thanks so much for astopping by.

      Shawn>>

  31. But consolidation doesn’t solve the problem. The problem is that people need to attack their financial disease at the source by not getting terrible payday loans in the first place and living within their means! Save up and pay for things like they should. Credit and loans are the wrong solution for any problem.

    1. Hi, Sarah!

      You are so spot on with your comment! The real solution is like you said, learn proper money management.

      For those who are trapped we can help them get out of it but the true answer is not needing these things in the first place. People do run into emergencies and these loans can be a savior for this type of crisis, ONLY if the loan can be paid off in full on the first due date, PERIOD!

      Thanks so much for stopping by!

      Shawn>>

  32. I’ve never applied for a payday loan but I know plenty of people who have and who continue to do so because they’re caught up in a vicious cycle. Let me correct myself – I did apply once and changed my mind after realizing that it was not worth it. So many people fall into this trap so it’s good to see that there’s a site like this one that can offer people a way of regaining control of their finances. I’ll be sharing this info with everyone that I know.

    1. Hi, Roland!

      Thanks so much for stopping by and yes, please do spread the word as we are here to help anyone who needs it.

      Shawn>>

  33. I can really see that your service really has the potential to help many people to pay or at least consolidate their debt. May your service will be of great assistance to those who really in need for you. If I may ask Sean, what prompts you to open this website?

    Thaks!

    1. Hi, Dominic!

      What got me started in this business is having been buried in payday loan debt and not figuring out a way out of it.

      Once I found out there were people who were really in need of these services off I went!

      Thanks so much for stopping by!

      Shawn>>

  34. Great tips here on how to get out of a pay day loan debt.And yes you are right…sitting back and doing nothing and rather defaulting on your loans is the worst decision to be made because it could compound your already existing problems

    The solutions you have suggested are really good and I am sure I will adopt it some day

    1. Hi, Fidel!

      Thanks so much for stopping by!

      It is always best to just face the problem and get it out of the way right away as every day a person ignores this type of debt it grows.

      Help spread the word that we are here to help anyone who is in need of payday loan debt help!

      Shawn>>

  35. This is one of the worst kind of debt that people can get access to, I am from India and we have similar systems here too, sometimes people don’t have documents and time to reach to banks so they reach to individuals who charge 3-10% here in India, unless you pay the principal, that is insane. I thought this system is only present here in India, but the video just showed me that condition are more worst in USA. The best thing a person can have is a zero debt, i have debt of $10000, and I am working to remove it completely.

    1. Hi, Kunal!

      That is awesome that you are eliminating your debt! Yes, it is rampant here in the USA, and that is why we are here, to help people deal with this kind of debt.

      Hopefully, we can make a difference in educating people about the pitfals of using payday loans.

      Thanks so much for stopping by!

      Shawn>>

  36. It’s awful to be hounded by debt collectors. Shawn, great information about how to consolidate your debts with a reputable company, like Payday Loan Consolidation Company. This will be helpful for a lot of people especially the way the economy is right now!

    1. Hi!
      I hope you are right and people find us so they can get help.
      I am afraid if the economy takes another downward turn people will hit these loans like there is no tomorrow.
      I guess we just keep doing what we do and hope for the best!

      Shawn>>

  37. I have done the title loan and payday loan. Ouch it hurts. I am glad to see there is a reasonable way out of debt.

    1. Hi, William!

      Glad you got out of those debts and now you know what they can do to a person!
      Thanks so much for stopping by and spread the word, we are here to help!

      Shawn>>

  38. Oh my gosh. 418 percent? OMG! That is incredible. This is dangerous to even borrow $100.

    I am so glad you are bringing this to the attention of everyone who borrow money.

    The part about hitting our bank accounts with ISF’s is seriously wrong!

    Borrowing money to pay bills is going to land you in the poor house even more so!

    Geez I’m sending this to as many people as I can!

    Great info and thanks Shawn.

    Rick

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