Over 12 million Americans take out payday loans annually and many of them end up drowning in payday loan debt because they do not understand how these loans work.
Additionally, each one of those 12 million Americans take out an average of 8 loans a year and end up extending each one of those loans up to 5 times.
The interest alone these people are paying is huge and unnecessary if they only knew how to properly use a payday loan and yes, there is a way to use them safely.
We could state numbers all day but you get the idea here. If you need help with payday loan debt and most people that come to this website do indeed need help, let me assure you we can deliver that help to you as soon as today!
Let’s take a look at how to deal with payday loan debt if you are already trapped or it is out of control and collectors are calling, how to use these loans the right way if you ever need to take one out in the future, and lastly lets explore other options to payday loans that make more sense and are less risky.
The state of Idaho has the highest interest rate for their payday loans in the nation and many of this state’s population are in need of payday loan debt help in a hurry!
At the rate of 582 percent, this puts Idaho at the very top of a list and the reasons for this are many.
All but seven states in the USA have caps on the amount of interest allowed for these short-term high-interest loans and you can guess that Idaho is one of those seven states that do not have any limits on the amount a lender may charge for these types of loans.
Need Help With Payday Loan Debt In Idaho Or Any Other State?
This is a time of year where people who have taken out payday loans to cover the holidays are now defaulting on them.
They are trying to figure out how to deal with payday loan debt before they end up in a real legal mess.
We here at Help With Payday Loan Debt understand that feeling having been through it ourselves and we know what to do about it.
This post is a way for us to share with you what kinds of things you can do right now to help your situation and stop all negative results in their tracks!
Yes, I said in their tracks and not only that but by this time tomorrow you may have all the collection pressure completely gone and you can then start to concentrate on other things in life instead of these pesky bills!
Let’s take a look at the problems associated with payday loan debt and the solutions we have available for them.