Consolidating payday loan debt

20-Feb-2020 06:15

We sometimes get asked about payday loans and debt consolidation.

Payday loans are short-term loans where an individual can borrow funds needed to cover unexpected expenses until the date of their next paycheck.

Debt consolidation is one option that can help people recover from growing payday loan debt, or other debts.

However, the term "debt consolidation" may refer to at least two different things.

This debt relief option comes in when you’re struggling to pay high-interest pdls even after making your best efforts.

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This will help you get a payment plan, which is affordable.

The bank will make one loan that you use to pay off the other loans in full.

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