Payday Loan Help to Get You Out of the Cycle
It’s not hard to become a victim of the payday loan cycle. You needed money fast. You signed up for a payday loan, agreed to the intense terms, and then found yourself, cycle after cycle, paying more and never really getting caught up. Did you know that payday lenders charge interest rates that are between 300 and 600 percent? No other lender charges a rate this high. If you are facing the ongoing battle to get out of this cycle, allow our team to help.
In most situations, the payday loan system is designed to make it hard for you to get caught up. It takes advantage of people who need a bit of help but may not be able to pay their debt off as easily. Perhaps you borrow a small amount of money assuming you can pay it back on payday, but you have other bills to pay in the meantime. You would have to secure a new payday loan at a higher rate to pay off your existing one. This cycle goes on and on, making it difficult to ever get caught up.
What’s worse, these predatory lenders are constantly able to access your money. They take control of your checkbook and your bank account, making it nearly impossible for you to simply not pay them back. It’s a frustration, but there is help with payday loans.
It’s our job at Solid Ground Financial to provide you with a way out. We understand that it’s easy to be in this position, and nearly impossible to get out on your own. That’s why we make it our goal to help you take back control over your bank account and your pay check. If you are struggling, consider how our payday loan consolidation can work to resolve these debts for you. Read on to see the steps we take to get you out of the payday loan cycle.
Our first task is to gather information about all of your lenders. We want to determine how much and who you owe money to as an initial step in the process. We gather all of this information to allow our team to determine what options exist to help you. For many, the best route is debt consolidation.
Payday loan consolidation is the process of having a single payment to make each month (or the specific interval selected). Instead of having to pay numerous lenders, you pay just one payment. This helps you to control your payments while also working to get rid of your debt faster.
When you request a quote, our team goes to work to determine what your estimated monthly payment will be. It’s important to know that this payment has to be affordable to you. If the payment is too high, there is no benefit to entering into debt consolidation. There are some situations where you may need to work towards increasing your take-home pay. Our goal is to help you find a payment that works.
Once a payment amount is determined, we will send you paperwork to complete. Read through it and be sure to ask any questions you have about it. Then, you will contact your lenders to tell them what is happening. This is a process we handle for you. In most cases, this takes about 72 hours to complete once we receive the paperwork. You’ll know right away about the next steps.
Our goal is to help you lower the amount of debt you owe to each of your lenders. We do this by negotiating lower rates and lower balances.
Many people benefit from payday loan relief like this for one very big reason — it works. You get out from under the debt from your lenders. Our team works with both payday loan online lenders as well as storefront locations across the country. We understand your situation and work to improve it.
Our goal is to stop the cycle of payday loans by providing you with real help. However, we also understand it’s hard to trust the wide range of companies out there that make these same promises. So, what makes Solid Ground Financial different?
Take some time to read the reviews from our many clients over the years. We’re committed to supporting your efforts by providing you with a solution for payday loans. There’s no gimmick, and our rates are clearly explained to you.
Contact us if you are struggling with debt and need payday loan help. Our team can get started providing support for you right away. Our payday loan relief program negotiates a lower interest rate and balance for you, saving you thousands. Contact us now to learn more.