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Consolidating payday loan debt

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Our goal is to make your process of finding payday loans online as stress free and easy as possible.

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We know that good people do fall on hard times and in this economy it's not easy to find help.Legislation regarding payday loans varies widely between different countries, and in federal systems, between different states or provinces.To prevent usury (unreasonable and excessive rates of interest), some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge.A debt consolidation loan pays off debt because a lender will loan you the money to pay off your existing debt by lending you the money you need to do that.For example, if you have 3 credit cards and you owe a combined $20,000 on them, when you ask your lender for a consolidation loan, if you qualify, they will lend you the $20,000.Some jurisdictions outlaw payday lending entirely, and some have very few restrictions on payday lenders.

In the United States, the rates of these loans used to be restricted in most states by the Uniform Small Loan Laws (USLL), with 36–40% APR generally the norm.

The basic loan process involves a lender providing a short-term unsecured loan to be repaid at the borrower's next payday.

Typically, some verification of employment or income is involved (via pay stubs and bank statements), although according to one source, some payday lenders do not verify income or run credit checks.

Myth: Debt consolidation saves interest, and there’s one smaller payment.

Truth: Debt consolidation is dangerous because it only treats the symptom.

It takes less than 3 minutes to complete an application and usually with in a couple hours a lender will contact you if you're approved.