Payday Loans still cutting into much needed monthly income
Date: Fri, 08/26/2005 - 10:23
We have four payday loans but they are still cutting into our much needed monthly income. Is it best to try to get a consolidation loan to pay them off, or pay them off by taking out less each time they are due?
Thank you!
Thank you!
Hi qultbug Welcome to the forums. Payday loans are the most e
Hi qultbug
Welcome to the forums. Payday loans are the most expensive financial expenditure that keeps on multiplying with interest charges and other late fees. Therefore, it is better to contribute a large share of your income to clear it as quickly as possible.
Try to concentrate in clearing the original loan amount along with the interest first rather than paying towards the financial charges only. Of course, if you can take a second job to clear this debt faster, it will be a beneficial effort from your side.
You can take the professional counseling from the trained experts who will suggest you positive ways to deal with these types of debt.
Regards
Roxette
