once you select a payday loan settlement company they will go over the fees with you and find a monthly amount that you can pay into a new savings account that they will open in your name.
Be Debt Free
Normally when you are struggling to manage your payday loan debt, there are really only two options: you can either file a bankruptcy or pay back the loans. Bankruptcy allows you to erase your debts, but you will have a negative mark on your credit record for up to ten years which will prevent you from accessing any loans form loaning company. This really should be a last resort for you. You should therefore consider getting payday loan consolidation services.