Payday loan debt management

payday loan debt management

Government Approved Payday Debt Management Programs

If you are struggling with payday loan debts and are looking out for some government approved payday debt management programs, you are not the only one. Despite its predatory nature, payday lending has been very popular; in fact, its popularity is still increasing with every passing day, probably because of aggressive marketing that payday loan companies are engaged in. Though almost every state has now come up with specific laws to regulate payday loan programs, people are still getting trapped into vicious cycle of debts, probably because of their unawareness about the laws. It is very important for you to keep in mind that sixteen states have even banned these cash advance programs. But, the unfortunate thing is that many illegal Internet-based lenders are offering loans to even those consumers who are residing in the states where payday lending is banned. Therefore, it is very important for you to get yourself educated about your rights and legal options. The wide array of programs offered by government approved debt management companies can prove to be a great help for you in this regard.

Consumer Credit Counseling Services

The best government approved payday debt management programs can be found at Consumer Credit Counseling Services. Though this organization has its office based in San Francisco, its

services are offered nationwide. You can contact them through their official website ( Their office address is 595 Market St. Ste. 1500, San Francisco, CA 94105. You can also call them at 800-777-7526. When you consult with a CCCS counselor, they will first review your debt and financial situation. The first session usually takes an hour. After a thorough review, the counselor will contact each of your lenders. If they find any violation of the laws, they will first notify the lenders about the same. This will put tremendous pressure on the lenders and they will not dare to get engaged in unfair debt collection practices. The counselor will also try to convince the lenders to waive off penalty charges and to reduce interest rates so that you can easily pay your debts off. In the end, you will be able to pay off your debts faster and in an affordable manner.

Since the year 1996, even Debt Reduction Services have been offering an array of government approved payday debt management programs. The services offered by this organization can be availed in the majority of the states, but not in all states. Their head office is located at 6213 N. Cloverdale Road, Ste. 100, Boise, ID 83713. You can call them at 208-378-0200 and visit their official website at


Category: Payday loans

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