Internet's first get-out-of-debt community - 122,000 members

Angie. · Posted: Wed Jul 27, 2005 8:20 pm Subject: no progress with outstanding amount

are ther any consolidation loans that will consolidate payday loans, I have 5 that I need to pay off. I pay the monthly fee but the loan is not going anywhere.

Posted: Thu Jul 28, 2005 3:40 pm Subject:

Hi Angie,

Welcome to the forums.

You can get your payday loans consolidated by applying for a debt consolidation loan. Payday loans are covered under debt consolidation loans.
You have mentioned that even though you are making the monthly payments but not able to make any progress with your outstanding amount.
So you can consolidate all your payday loans into one debt amount and pay them off in affordable installments.
You can get yourself enrolled with a debt consolidation company. They can negotiate with your creditors on your outstanding amount and reduce your total debt by lowering rate of interest and eliminating over-limit and late payment charges. They will also suggest you a repayment plan through which you can start clearing your debt.

You can get further information on the other benefits of debt consolidation by going through the following page -

http://www.debtconsolidationcare.com/benefits.html

Wishing you all the best.

regards
thirdeye