When you require help with the accumulating payday loans, you can easily contact a debt consolidation company who might provide you with payday loan help. Debt consolidation is a process of paying off all the small debt you have with a bigger loan. There are several advantages of taking help for payday loans with a bigger loan. Not only is the amount of interest you have to pay each month cut down by more than half, it also makes your financial situation stable. Debt consolidation companies handle the money for you and take care of your finances, paying off your creditors till all the debt is paid off. The process might seem easy and fuss free but if you get into a deal without prior knowledge you can find yourself in a bit of a confusing situation. When payday loans pile up, one is obviously concerned and want to take off a bigger loan to clear their debts. Before you sign up with a debt consolidation company, there are a couple of questions you should clarify with them to ensure that you are getting the best deal, financially.