Getting Out of Payday Loan Debt
If you are struggling with payday loans, there are a few ways that you can get out of debt and stay out of them. This includes taking steps to make sure you never go back to them, consolidating your debts into a single payment and setting up automatic payments. Go here: https://www.nationalpaydayrelief.com/payday-loan-consolidation/
Personal Loans
A personal loan is a form of short-term, installment debt that typically offers a low interest rate and a longer repayment period than a payday loan. They are also a good option for people who can’t qualify for a traditional consolidation loan because of poor credit.
The Ultimate Guide to Payday Loan Consolidation
If your state allows it, you can use a debt management plan (DMP) to consolidate your payday loans into a manageable monthly payment. These plans can help you avoid bankruptcy if your situation is severe.
Legal Aid Counseling for Debt Issues
If you’re struggling with debt issues, you may qualify for free legal counseling from a legal aid office. They can advise you on your options and help you negotiate with lenders to settle your debts for less than what you owe.
Payday Alternative Loans (PALs)
PALs are small, short-term loans that credit unions can offer to borrowers who have a history of payday loan problems. They often have a lower APR than payday loans, but you should check with the lender to be sure.