Me and my boyfriend have several outstanding Payday Loans
Date: Mon, 10/10/2005 - 07:56
Me & my boyfried have a joint checking account we both have several outstanding payday loans what steps can we take to consolidate the loans, because it taking our entire paycheck in renewal fees
SWhit,payday loan consolidation is quite tough these days as
SWhit,
payday loan consolidation is quite tough these days as most of the lenders are not willing to work with any consolidation companies. High interest rates also seem to be one of the reasons.
You can try to erase your payday loans by following a very restricted budget. Cut off all your extra monthly expenditures and contribute more towards your checking account. If you are able to pay off to the maximum amount, the principal amount will keep reducing and you will be able to wipe it off completely.
Some discussion has taken place about the ways to fight with the payday loans at the thread given below.
http://www.debtconsolidationcare.com/paydayloan-settlement.html
