Getting Out of Payday Loan Hell
Date: Sun, 10/03/2010 - 17:24
my mom is trying to get out of payday loan hell. She lives in Ohio, and has loans out with four of the payday loan places here. Check N Go, Checksmart, ACE and CashLand. She ready to get off the roller coaster and is just not sure where to start
You can ask your mom to negotiate with the lenders for an extend
You can ask your mom to negotiate with the lenders for an extended repayment plan. If the lenders refuse to negotiate, then your mom can go for payday loan consolidation. There are various companies that offer payday loan consolidation program. Your mom can get enrolled in a payday loan consolidation program where the company will negotiate with your lenders to reduce the interest rates on the loans. Thereby it will be easier for your mom to repay the loans.
