Can a debt consolidation program help me to reduce interest interest on payday loans?

First. close your present checking account and open a new one in some other bank.

Second, find out whether or not payday lending is legal in your state. Only if it's legal, then you may have to repay both the principal and the interests. But, if it's not, then you can pay back only the principal amount if you want.

Third, instead of borrowing more to pay off your debts, try to settle them. Meanwhile, create a budget, reduce your expenses as much as possible, and save money.

Last, look for a better job or take up additional assignments for extra income and use the excess dollars for debt payments.

Yes, debt consolidation is a good approach to repay your payday loans if they are legal. However, as paulcahill80 has suggested, you can opt for settlement to get rid of your pdls.