Q&A: Where do I need to go to find help with consolidating payday loans?
Question by Karrie M: Where do I need to go to find help with consolidating payday loans?
I have taken out too many payday loans and now I am having problems paying them all back and paying my bills at the same time. I am now late on most of my bill because of the payday loans…..please help!!!
Best answer:
Answer by Sean
Nothing you can do to consolidate them. Pay day loans are designed so if you don’t pay it off in full then they accumulate interest at a very high rate. They basically design them so that you take your first one out, then you have to pay it back, but you need more money so you take another one out and so on. It’s a vicious cycle… I’d say take out a small personal loan from a bank to pay them off that way you can consolidate them into the one loan…but banks are not really lending out money right now… Sorry…
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Categories: Payday Loans Tags: Consolidating, find, help, Loans, need, Payday
I need help getting out of payday loans?
Question by Mary S: I need help getting out of payday loans?
I got myself into a big mess with payday loans. I am falling behind on my other bills due to this. Anybody no of anyway to get help out of this type of situation?
Best answer:
Answer by Doug Kaplan
Well your other bills and food bills are more urgent. Close your bank account and when they call you work out arraignments with them. I believe it’s a civil not a criminal matter.
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