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Payday loan debt

Date: Thu, 06/23/2011 - 08:25

Submitted by anonymous
on Thu, 06/23/2011 - 08:25

Posts: 202330 Credits: [Donate]

Total Replies: 2


If I was thinking about getting all of my payday loans into one monthly payment how would that work?


Hi,

Welcome to the Forums..!!

Yes, with payday loan debt, debt consolidation would perhaps be the best solution at hand. You can either take out a debt consolidation loan that carries low interest rates and ensures lower monthly payments. You may also tap the equity in your home if you've accumulated enough of it. However, with secured debt consolidation loan (home equity loan), you must remain sure about your repayment ability so that you don't fall back on the monthly payments and run the risk of losing your home to a forced foreclosure.

To know more on payday loan consolidation, visit:
http://www.debtconsolidationcare.com/paydayloan-consolidation.html


lrhall41

Submitted by anonymous on Thu, 06/23/2011 - 21:02

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Yes. you can do that. But before enrolling into the payday loan consolidation program, you should check whether or not lending of payday loan is legal in your state. You should also check whether your lender has the license to operate in your state. If they are illegal, then you'll only be required to pay the principal amount. You won't have to pay anything else.


lrhall41

Submitted by Good Nelly on Thu, 06/23/2011 - 21:10

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