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I was wondering if you can consolidate payday loans after they have been sent to a collection agency. I spoke with several consolidation companies and all of them said that payday loan companies would not accept payments. However, now that my loans have been turned over to a colelction agency if I could now get on a consolidation program. Thanks!

Hi teachercarter

Welcome to the forums. This company will select the top debt consolidation company operating in your city and offer the consolidation program to you.

debt consolidation program covers all the unsecured debts like the credit card debts, old utility bills, bills from collections, payday loans etc.

The consultant operating in your city will contact you at the earliest and negotiate with your collectors for a better payment plan. His counseling and budgeting programs will be helpful to you in keeping a check on your finance and achieve a debt free life soon.

As you must have noticed that the payday loans have the highest rate of interest and if you are unable to pay at the due date, the interests keep multiplying and completely ruin the credit report. In case, if you are having multiple payday loans, it really becomes very tough to manage your personal finance. In such grounds, I will suggest you to take payday loans only if you can pay the loan within the due date or it is advisable to keep yourself away from it. Just like payday loans can be easily obtained, the repayment is as tough.


Sub: #1 posted on Tue, 07/05/2005 - 12:56

roxette roxette

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