About Payday Loan Consolidation
Payday loan consolidation involves hiring a company to negotiate your payday loan debt directly with the individual lenders. The goal payday loan consolidation is to decrease the amount you are required to pay back. Our payday loan consolidation company will set up a savings account in your name, into which you will make small monthly payments which will be used to settle the debt. The negotiator then uses these funds to negotiate a settlement with the lender. The interest on your payday loans will stop accruing, leaving you with less to pay back over time.