Ara Betty is a freelance financial writer and speaker about personal financing. She helps people realize their goals on becoming debt free with the use of debt consolidation. She hopes to expand her knowledge more about loans and debt to be able to write a book.
You were a little short on cash one day and decided to try one of those payday loan companies that are constantly being advertised on TV. The application process was easy and the terms seemed pretty reasonable. You got a payday loan. Soon, you were depending on these loans more than you should have, and then there came a day when you couldn’t pay back the loans in full when payday came along. Your debt piled up, fees added up each week, and now you are in a financial mess, looking at debt consolidation options.
If this scenario seems familiar to you, take heart. Many people today are suffering financial problems and are living under mountains of debt. The reasons are many: job loss, illness, divorce, and other challenges. There is no reason to feel ashamed or embarrassed by your situation — but you do need to find a way to fix it.
Most people think that bankruptcy is the only option but there are many ways to reduce debt that seems out of control. We’ll find a way to deal with your debt in a fair, reasonable way. Whether you want advice on bankruptcy, payday loan debt settlement or debt consolidation advice, we can help.
Payday loan companies can charge fees that add up to almost twice what a credit card interest rate would be, and they can be tireless in collection. They are friendly when you want the money, but when you tell them you can’t pay it back, they can become very nasty, indeed.
No one wants to default on their debts, and no one wants to depend on short-term loans for the rest of their lives.
If you need help with debt and are not sure where to turn, just fill a form here and one of our qualified advisers will contact you. Your personal information will be kept confidential and you will never be treated like a number, or like you’ve done something wrong. We pride ourselves on treating all of our clients with the utmost respect, regardless of their situation.
If you own a home, there are bankruptcy settlement options that will allow you to keep it; you can also keep other assets like your car and jewelry. Debt consolidation is not the end of the world — it’s a new beginning for you and your credit score. Contact us today and find out how we can help get you back on the right track.