Does consolidating payday loans work
Payday loan relief programs come in two different forms--debt management programs and debt settlement programs: These plans are offered by credit counseling agencies as part of a program that includes personal finance education.
Now that you know your options for payday loan consolidation, you can make a confident decision about how to tackle your runaway payday debt. At RISE, we help you take control of your payday loan debt.
Enjoy fast access to the funds you need to accomplish your financial goals, no matter how large or small. No need to visit hundreds of websites and fill out numerous paperwork.
Payday loans can help with an emergency today, but often create a heavy financial burden for tomorrow.
Installment Loan Customers: In order to be eligible, you must continue to meet RISE's credit criteria, and we will evaluate the stability of your personal information and identity for each new loan.
If eligibility requirements are met and you make 24 successful, on-time monthly payments (48 bi-weekly payments), the APR for your next loan will be 50% off your original loan's APR (excluding customers with starting rates of less than 75%).
When unexpected expenses arise, a short-term or "payday" loan might be tempting.
There are 19 references cited in this article, which can be found at the bottom of the page.
Search for does consolidating payday loans work:
Because you have to repay the total amount borrowed plus fees in a matter of weeks, many people struggle to pay off payday loans.