My clients have saved over 53% on their payday loans.

client image
Thomas M.
Oak View Law Group has been my top choice for consolidating my debt and legal services. I have been with them for about 2 years, and they are always there online, text, chat, voice whenever I need assistance with my creditors.
client image
Cheritta Stewart
I learned about Oak View Law group after I had gotten in over my head with payday loans (don't ever take out payday loans). I contacted them twice before I signed up. Each time the staff was pleasant and helpful.
client image
Client BC
Ron was great, and I'm happy to be a client to get rid of my payday loans!!!!

What is payday loan consolidation?

Payday loan consolidation helps you consolidate and repay your high-interest, short-term loans with a single affordable monthly payment plan.

How does the payday loan consolidation process work?

Once you contact us:

  1. You will work with my assistant. He will gather information on all of your debts.
  2. I will review your file and contact your payday loan companies. I will inform all of them they cannot harass you anymore.
  3. Most payday loan companies, once they know I am representing you, will consolidate your loans at very favorable terms.
  4. I will have you work with my assistant to make payments to the lender.
  5. You will be debt-free in six to nine months.

How can this program help you save money?

I have helped people like you:

  • Reduce monthly payments
  • Create a single, manageable monthly payment plan
  • Eliminate late fees, advance fees, and extra fees
  • Reduce interest rates on payday loans
  • Stop automatic debits and overdraft fees
  • Avoid court fees, wage garnishments, and judgments

Why should you choose our law firm for payday loan consolidation?

Our company provides payday loan debt relief in the following ways:

  1. Once you enroll for a debt relief credit counseling session, attorney Lyle Solomon’s assistant will explain the payday loan consolidation process, the fee structure, and the No Questions Asked Refund Policy.
  2. We will also address any questions you may have. When you feel comfortable moving forward, you will enroll in a debt consolidation program as a client.
  3. The assistant will collect certain information needed to start the payday loan consolidation process. This will include your name, the lender’s name, and the date the loan was taken out, the loan’s terms, the method of payment, the amount you’ve paid so far, and the loan’s outstanding balance.
  4. The assistant whom Mr. Solomon assigns your case will analyze your debt and verify your loans are legal.
  5. If you owe legal payday loans, we will determine the maximum interest you need to pay. And if you owe illegal loans, you will need to pay only the principal amount.

What other services does my team offer?

What are the pros and cons of payday loan debt consolidation?


  • No advance fees, late fees, extra fees, high-interest rates
  • Fewer collection calls
  • Lower risk of getting sued
  • One budget-friendly monthly payment
  • Reduced mental stress


  • Have to pay professional fees
  • Missing payments can delay the process


These loans are high-interest, short-term loans designed to be paid back with your next paycheck. Usually, the total amount of the loan becomes due within two to three weeks after the loan is issued. Most people make a partial payment and then take out a new payday loan to repay the existing balance. This gets them into the payday loan trap, and it becomes difficult to eliminate these loans and find financial relief.

Unfortunately, even the most responsible payday loan borrowers face a situation where they can’t pay back the outstanding amount by the due date. They can’t even secure a new loan to cover the difference.

If you can’t pay on time, you may start receiving calls from debt collectors. And your outstanding balance will skyrocket due to the very high interest rates typical to almost all payday loans.

If you want to repay your debts without using the services of a consolidation company, there are other options to consolidate debt. You can take out a personal loan (a debt consolidation loan) with which you repay your existing credit card debt and other unsecured debts. This allows you to consolidate your current payday loans with one consolidation loan.

The creditor will perform a credit check to assess your creditworthiness. A personal loan usually has a lower interest rate than a short-term loan. You can get a personal loan at a relatively lower interest rate if your financial and credit situation is good. The annual percentage rate for payday loans can even go up to 521%. The repayment terms and conditions of consolidation loans are also relatively better. You will have to make fixed payments every month to repay the new debt consolidation loan.

We can help you settle your payday loans if you cannot repay your loans in full. Through the settlement, you can get rid of your unsecured debts fast.

Usually, the payday loan companies do not convey any information about you to the credit bureaus. Your consolidation program also does not appear on your credit report. Therefore, enrolling in a consolidation program won’t affect your credit score. Your credit score may improve after you repay all your debts.

Check out the payday loan laws of your state.

ComparisonPayday loan settlementPayday loan consolidation programConsolidation loan
What it doesReduces your loan’s payoff amountLowers your loan’s interest rate and monthly paymentTransfers your debt to another lender
Payoff term2-4 years2-5 years1 -30 yrs
Mode of paymentLump sum paymentMonthly paymentMonthly payment
RequirementsSufficient savings to make the payment Make monthly paymentsCollateral
Credit scoreIt drops initially but improves over timeGradually improvesGradually improves
Is this the best way to get out of payday loan debt?This way is best when you need to pay off multiple payday loans with one lump sum payment.This way is best when you can afford a single lower monthly payment.This can be a good option when you have collateral and are confident you won’t lose it.

An Extended Payment Plan, or EPP.

An EPP will help you pay off the outstanding balance on your payday loans, usually in four equal installments, without added fees or interest.

Under an EPP, if your payday loan company is a member of the Community Financial Services Association of America (CFSA), they can’t:

  • Compel you to repay the loans
  • Threaten or force you to make immediate payments
  • Charge you additional fees for this option. In addition, they will be required to give you your next four paydays to repay them.

If you have taken a loan from a CFSA member, then you can ask for an EPP. After you submit your application, you’ll get a new statement detailing your modified loan agreement. The terms will indicate the amount of the four equal payments you will need to make over the next four paydays. There will be no new fees or interest charged for these new terms.

You can make payments in cash or use the ACH debit option to have the charges withdrawn automatically from your account on payday. Once you have set up the EPP, you need to inform the lender. Most lenders won’t allow you to change the payment method after you have signed the new agreement.

Under federal law, you can apply for an EPP with each payday lender only once per year. However, state laws vary on this, so you should check the laws in your state. The lender will be obligated to follow the law in your state.

Also, remember that you can’t take out another payday loan until you have paid off the entire amount due on your EPP.

The consequences of failing to pay off your EPP loan can be severe. Your lender may charge you an additional EPP fee, along with other charges and penalties. They can also increase the payment amount you must make each pay period. They can sue you for principal, interest, and penalties, as well. So, it can be a financial disaster that you should try to avoid. Before entering into an EPP, be sure that you can make the payments, and make them on time, every time they’re due.

Carefully read the information on the payday loan lender’s website and look for the CFSA logo.

If the company has a physical address, then it may be better to go in person to see the blue oval logo yourself. It should be prominently on display somewhere in their office.

If the CFSA member agency doesn’t agree to give you an Extended Payment Plan, you can call the CFSA Hotline 888-572-9329 between 9 and 5 Eastern Time. You can also register a complaint at the CFSA website.

Last Updated on: Wed, 28 Apr 2021

  • expertise badge
  • This site is verified as a Trusted Site by Best of the Web
  • TrustLink logoTrustLink logo
  • Customer ratings on BBB
  • IAPDA logo
  • Calchamber Member
  • Calbar Registered
  • D&B
  • Godaddy
  • yelp logo