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Debt Consolidation Forums Payday Loan help forums

Can I refinance a pdl with a personal loan?

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I have a pdl. Its interest rate is quite high. Can I refinance it with another personal loan? Will it be a wise strategy?

Yes, you can do it. By doing so, you can replace the high-interest pdl with a low-interest loan. If you have other loan and debts, you can take out a personal loan of an amount with which you can repay all your existing loans. And, then, make timely payments on your new loan to repay it on time.

Sub: #1 posted on Mon, 06/24/2019 - 03:00

Good Nelly Good Nelly
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Who is the lender? Payday loans do carry very high-interest rates. Most people are forced to refinance it. How much do owe in total? Much depends on whether the payday lender is legal or not. Okay. If the lender is illegal, then there is no need to refinance it with a personal loan. You can just pay off the principal amount. That's it.

Sub: #2 posted on Tue, 06/25/2019 - 20:35

Nick Jonas Nick Jonas

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Is it legal? If yes, then you can take out a consolidation loan to repay the. If it is not legal lender, then just pay the principal amount.

Sub: #3 posted on Fri, 06/28/2019 - 05:48

Sanders Patricia Sanders Patricia

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