Consolidating pay day loans

In this case, if a claim is awarded to the payday lender, then it could appear on your credit reports as a judgment and negatively impact your credit.

And, if you make 36 monthly payments (72 bi-weekly payments), you qualify for a monthly handling charge of 3% for your next loan with RISE.

Note that it may take two or more loans to reach a 3% monthly handling charge.) Line of Credit Customers: In order to be eligible, you must continue to meet RISE's credit criteria, and we will evaluate the stability of your personal information and identity.

By Jonathan Walker Payday loans can help with an emergency today, but often create a heavy financial burden for tomorrow.

Because you have to repay the total amount borrowed plus fees in a matter of weeks, many people struggle to pay off payday loans.

An allows you to consolidate payday loans and other types of debt like credit cards and medical bills.

You can pay off multiple payday loans with one single installment loan, thereby consolidating the debt.Now that you know your options for payday loan consolidation, you can make a confident decision about how to tackle your runaway payday debt. At RISE, we help you take control of your payday loan debt.With our , you can get 0 to ,000 in your checking account as soon as tomorrow**, and you only borrow what you need, when you need it (state restrictions apply).In fact, the majority of people who use payday loans end up renewing the loan so many times that they pay more in fees than the amount they originally borrowed.If you’re stuck in a painful debt cycle, there is a way out.Once a collection agency purchases the debt, they may then report the collection account to the credit reporting companies, and the debt will then appear on your credit reports.

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