It is easy to get into a cycle where you are borrowing from different payday loan companies to pay off an original debt and the excessive interest continues to accumulate.
We work so that you can pay off all of your debts without having to take out another loan.
We negotiate with the payday loan companies to freeze all interest and charges.
You will only pay an affordable amount each month so you can be relieved of this considerable financial pressure.
We deal with all payday loan companies including:
You may be in a situation where you are paying £700 per month in just interest to four or five payday loan companies. We will immediately negotiate with them to freeze the interest and charges and you only pay an affordable amount each month until you are debt free.
Payday loans are viewed as a short term solution to those who just need enough money to pay off debts until they get paid that month.
Thousands of people have taken these out with this intention but often have to take out another the following month to pay the same debts as well as the interest accrued from their payday loan.
The representative APR can be extremely high and many people end up taking out more payday loans to pay off the others.
The short term solution can turn into a vicious circle and that is where we can help.
We understand it may be difficult to obtain credit and the payday loan seemed the easy option but if you miss a payment the problems can quickly mount up.
Please contact us for free advice if you are concerned that these debts may spiral out of control.
A debt management plan may or may not be your solution but we can still advise you on the best course of action to relieve you of this considerable stress.