Payday Loan Debt Solutions That Work!

By Shawn Lee Martin


payday loan debt solutionsThere are many different payday loan debt solutions on the net and most of them are not practical or even legal!

The idea of offering more debt to make the current loan payments is just not a good way to do business or run a person’s finances but you will find this and many other equally silly debt solutions for the taking on the internet.

We would like to set the record straight on what is good and what is bad when it comes to eliminating payday loan debt so let’s take a look at the good, the bad, and the downright ugly!

Click here to check out our number one recommendation for eliminating payday loan debt!

Debt Solutions


We have seen so many different offers from companies including the payday loan companies themselves that just make the situation of being in payday loan debt even worse.

Let’s explore some of these and our response to them:

  • Payday loan companies will offer their customers who are having trouble making their payments multiple loans – These will just end up joining the ones in default and these customers are already having trouble making payments on the original ones. Our response is to stay away from this option at all costs! This is called a payday loan trap in the making and it will end up costing the borrower huge amounts of money!
  • Payday Loan Companies will offer their borrowers extensions on their loans – This is a very bad idea as it is also a lead-in to the payday loan trap. The borrower will pay just the interest and a counter fee to extend the loan, usually 2 weeks. The interest then gets added right back to the loan and a new counter free is charged bringing the total owed back to what it was before the extension. For example, a 2 week $500.00 loan would cost $150.00 in interest plus the counter fee of $15.00 for a total of $165.00 to extend the loan two weeks with the original balance of $665.00 due on your next payday. Our response to this is it is a Bad deal all around and should be avoided!
  • Payday Loan Companies will ask you to sell your belongings or pawn them to pay the loans off – Our response to this is NOT IN YOUR LIFETIME! This is completely unnecessary as we can show you how to settle this madness without losing a single possession!

Summary


We can make all this crazy collection activity go away as soon as today!

Check out how we deal with payday loan debt and how we eliminate it for you by visiting our Payday Loan Repayment Plan and seeing what we can do for you!

Youn can also give us a call toll-free at 1.877.280.5100 or fill out our form for a no obligation free quote on what we can do to make your life payday loan debt free!

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Click here to check out our number one recommendation for eliminating payday loan debt!

10 thoughts on “Payday Loan Debt Solutions That Work!”

  1. A lot of people get caught out with Payday loans. They sound really convenient, however it just puts you even further behind in your financial position. Their structure only benefits one person, the company the offers the loan.
    You offer an excellent service assisting people with payday loan debt, and your tips start to point people in the right direction. I wish you all the best in helping as many people as possible to free themselves from payday loan debt.

    1. Hi, Andrew!

      Thanks, I think we offer the best solution for anybody dealing with payday loan debt.

      Please help spread the word tat we are here!

      Shawn>>

  2. The payday loan industry is a drag on society and they need to go as soon as possible. The people at the top profiting and taking advantage of normal people that are just trying to survive is very sad.
    It’s unfortunate that our society allows this kind of shady practice to go on and I’m happy to see that there are people out there like you trying to spread the word of better alternatives to payday loans.
    Great post, thanks!

    1. Hi, Nate!

      I agree with you and we are doing everything we can to help anyone who is dealing with payday loan debt!

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

      Shawn>>

  3. What an awesome article. This is definitely helping SO MANY people and what an awesome way to do so. These pay day loan people started to crop up ALL over my town. You can see them in the bad parts of town and you know that they are preying on people. Thankful for what you’re doing here!

    1. Hi, Brenna!

      You are correct, they are targeting the underprivledged for sure!

      We are here for you and anyone else that may need help!

      Shawn>>

  4. What a nightmare! You work hard. You try to pay all your bills, on time. Something happens that throws everything out of whack. Some people believe these companies are the only way they have. Thank you for shedding some light on what happens to people and for opening some doors for help.

    1. Hi, George!

      Thanks so much for your kind words and know we enjoy being able to help people whenever they need it. Please help spread the word that we are here!

      Shawn>>

  5. Payday loans just do NOT make sense! I can totally see where if someone takes a payday loan how this could just be the start of a downward spiral!

    Does your recommended option provide relief for those with bad credit? I feel that is the number one reason that people do payday loans! They cannot get any other type of loan!

    Thanks for the article and bringing light to the subject that there are other way better options to financing other than payday loans!

    1. Hi Dr. Baker!

      Yes, we can actually be a credit reference once the payday loans are satified!

      I agree, the poor and disadvantaged do pay the most.

      Please spread the word that we are here!

      Shawn>>

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