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No Fax Payday Loan Consolidation - The Bills.com Blog
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No Fax Payday Loan Consolidation
Friday, Jul 13, 2007
Question: I have owe about $1000.00 in payday loans. I would like to consolidate into one loan with a No Fax Payday Loan. Can you help me?
Answer: There are several different types of consolidation loans, but the one that will best suit your situation depends primarily on whether or not you own a home and your credit history. Also, the amount of your debt will be a consideration.Since you only owe $1000 of debt you with to consolidate, a consolidation loan secured by your home is probably not an option. However, there are several other options you should consider. First, you could look into an unsecured personal loan to consolidate your debts–check out the loans section of the Bills.com Savings Center for unsecured debt consolidation loans that may improve your situation. However, if your credit history
is less than perfect, you may have difficulty finding a lender willing to extend you credit, and if you do find a loan, you should expect to pay a premium in interest. Considering that most payday loans have effective interest rates well over 100% per year, almost any unsecured loan you obtain should save you a significant amount of money in interest payments.
Another possible loan resource you may want to explore is Prosper.com , a site which puts private
Another possible loan resource you may want to explore is Prosper.com , a site which puts private
lenders in contact with private borrowers, and facilitates loans between them. A private lender may be more willing extend you a loan than a traditional bank.
Bills.com also offers more information on the Payday Loan Information page, and has answered reader questions about payday loans in California , Florida , Illinois , Massachusetts , Missouri , Texas , and Virginia .
I hope we can help you find a solution to your debt troubles, and help you Find. Learn. Save.
Best of luck,
Bill
www.bills.com
Bills.com also offers more information on the Payday Loan Information page, and has answered reader questions about payday loans in California , Florida , Illinois , Massachusetts , Missouri , Texas , and Virginia .
I hope we can help you find a solution to your debt troubles, and help you Find. Learn. Save.
Best of luck,
Bill
www.bills.com
Also, make sure to get a free financial health check-up with Bills IQ!
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1. Posted by Amber Trahan on Monday 4th August 2008 14:51
I need help with payday loan consolidation...
2. Posted by Bill on Tuesday 5th August 2008 09:13
Have you read through the Payday loan page on Bills.com? That's a good place to start (http://www.bills.com/payday-loans/). It is hard to consolidate payday loans, unless your credit is good enough for you to get an unsecured personal loan to pay them all off. This will depend on the amount of the loan that you wish to borrow, your credit and your income. Apart from that, another article on our blog will give you information on different options on dealing with payday loan, it is available at: http://www.bills.com/blog/payday-loan-consolidation/.
3. Posted by david on Tuesday 12th August 2008 23:17
A payday loan is a great way to take care of short-term cash crunches, because they're lent out based upon the amount of money that you make from your employer after taxes. This means that a typical usually won't put you too far in the hole that it's intimidating to get out of one and pay it back. Let us be responsible.
4. Posted by Payday Loan Advocate on Monday 6th October 2008 00:30
One good thing about no fax payday loans is that you can sign up in the comfort of your home. A payroll advance lender can conveniently deposit funds directly into your current bank account and even take your payments automatically from that same account. That way, you can be out of town and still be able to receive money. With extra money from a low fee payday loan during a time of need, you can have less worry.
5. Posted by bob Sanford on Monday 6th October 2008 06:14
thanks for the information.
6. Posted by Quentin Anderson on Saturday 25th July 2009 10:15
DO YOU HELP PEOPLE WITH PAYDAY LOANS
7. Posted by Bill on Monday 27th July 2009 09:45
Most consumers learn they must find a way to resolve their payday loans without professional assistance. You have options. See my answer to a reader with a similar question in the article/blog entry Help with pay day loans.