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Home » Debt Relief » Payday loan consolidation

Payday loan consolidation: Helps to get rid of your multiple pdl debts

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Taking out a payday loan is easy which usually makes it more tempting. Add to it the high APRs and the considerable late fees (in case you're unable to pay) and it loses all its attractiveness. When multiple payday loans seem difficult to maintain, you can consolidate them to get rid of them sooner.

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How does payday loan consolidation work?

Consolidation might be a good choice for you, if you're finding it difficult to get out of the payday loan cycle. It can help you to avoid the stress over your multiple payday loans by combining them together. Thereafter, a repayment plan is arranged, so that the ever-growing payday loans can be eliminated with single monthly payments. Interest rates might also be reduced by consolidating payday loans, which can help to make the payment affordable.

Can it help you?

Consolidating your payday loans can offer several advantages as it can:

  1. Reduce the high interest rates on your payday loans
  2. Combine your multiple payday loans into single affordable monthly payment
  3. Get rid of the extra charges, penalties and late fees
  4. Reduce the harassing calls from the debt collectors
  5. Improve your credit score with time
  6. Keep you away from bankruptcy filing

How can you consolidate your payday loans?

If you need to consolidate payday loans, you can either do-it-yourself or enroll into a consolidation program. Find out how the two ways of payday loan consolidation functions:

  • Consolidation program: You can consolidate payday loans online by enrolling with a company offering you debt consolidation services. The professional companies can offer you relief from your payday loan debts by arranging affordable payment plan for you. They usually negotiate with your creditors to scale down interest rates and waive off penalties, so that it becomes easy for you to get out of payday loan cycle.
  • Consolidation loan: You can take out a consolidation loan at low interest rate and use the amount to pay off your existing payday loan dues. Thereafter, you can pay off the loan through single affordable payments in a month. However, you may need to place a collateral if you take out a secured consolidation loan.

How can you pick your consolidation company?

A legitimate company can lead you towards a smooth exit out of your multiple payday loans. However, it's extremely important that you choose your consolidation company wisely. Compare the options available in the market and always check for feedback to ensure that you enroll with the best payday loan consolidation company.

Find Payday loan laws by state
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Choose your consolidation company wisely to cope with payday loans

Payday loan debts can gradually increase with time, making it much more difficult to get rid of. Read along to know how consolidation companies can be of assistance when you get stuck with multiple payday loans and lead you out of such situations. How do payday loan consolidation companies help you? Payday loan debt consolidation companies can help with payday loan debt if a debtor has multiple payday loan debts. The payday loan consolidation companies, with their professional attitude and ... Read more »
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Getting rid of your payday loans can be easier with consolidation

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In an effort to better our services, we conduct an ongoing survey. Check out the survey results and see what the existing and past clients have to say about us:

Client Survey Results

Overall satisfaction
Client Satisfaction Rate
Very satisfied: 71%
Satisfied: 13%
Undecided: 6%
Dissatisfied: 3%
Very Dissatisfied: 7%

*Client names have been changed to protect privacy
**Represented feedbacks have been randomly selected from clients who took part in survey organized by OVLG
By Client RM*
Financial Coach:Ron Clark
Rated by client: 		 Client Relationship Manager:Perry Taylor
Rated by client: 
Preferred Contact Medium:EmailOverall Satisfaction Level:Satisfied
RM's Feedback:

Happy to work with this Company!
Suggestion:

More organized!

By Client TL*
Financial Coach:Shane Rogers
Rated by client: 		 Client Relationship Manager:Patricia Clark
Rated by client: 
Preferred Contact Medium:EmailOverall Satisfaction Level:Satisfied
TL's Feedback:

I'm starting to feel a bit reticent to continue paying you $350 per month. I'm not seeing a result that is worthy of my monthly payment.


By Client CF*
Financial Coach:Vernon Smith
Rated by client: 		 Client Relationship Manager:Ronald Gallant
Rated by client: 
Preferred Contact Medium:EmailOverall Satisfaction Level:Very Satisfied
CF's Feedback:

Ronald Gallant is wonderful to work with. He is always quick to return my call or email. It seems he goes right to work on my issue as if I were his only client. He never fails to handle everything in a prompt professional manner. Today, as I go into court, I feel as if I have him there with me. He has provided everything I need and worked with me on what to say while there. I am 100% please to be working with him. Vernon Smith- I cannot rate as I haven't had any further interactionwith him since I came onboard January 2012.
Suggestion:

I have no improvement suggestions at this time

By Client TB*
Financial Coach:Austin Butler
Rated by client: 		 Client Relationship Manager:Pierson Silver
Rated by client: 
Preferred Contact Medium:Support requestOverall Satisfaction Level:Very Satisfied
TB's Feedback:

For any consumer in a serious amount of debt, there is nothing to think about. Oak View Law can make your financial situation very easy. Not only would I recommend OVLG, but I would strongly recommend Pierson Silver. He's very organized and he responds to the client's needs quickly and effectively. He makes it very easy, clients don't have to deal directly with the creditors. He will do all the negotiating. So far, he's successfully saved me 50% with one creditor, and 60% with another. I can't say enough great things about him.
Suggestion:

Assign the client an account number. Therefore, they can send payments by mail with a personal check, money order or a cashiers check.

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  1. The debt settlement program typically lasts between 6 months to 4 years time.
  2. At least 30% of the debt amount per creditor needs to be accumulated in the trust account for OVLG to give the creditor any settlement offer.
  3. Not all creditors or debt collectors will accept a reduction in the balance, interest rate, or fees a customer owes such creditor or debt collector.
  4. Pending completion of the represented debt-relief services, the customer's creditors or debt collectors may pursue collection efforts, including initiation of lawsuits.
  5. That the use of the debt-relief service will likely adversely affect the consumer's creditworthiness, may result in consumers being sued by their creditors, and may increase the amount owed to creditors as a result of the accrual of additional fees and interest;
  6. Savings a customer realizes from use of a debt-relief service may be taxable income.
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