How It Works
Here is a step-by-step overview of our payday loan consolidation and settlement program:
Step 1. Call or request a quote for a free consultation. One of our friendly counselors will review your financial situation, explain how the program works, and answer any questions you may have.
Step 2. We will work with you to set up a monthly payment that you can afford. In most cases, this will be half the amount of the current minimum payments you are paying your lenders now. This money will go towards paying off your balance (not towards interest and fees!).
Step 3. Once you enroll, we contact your payday lenders in an attempt to handle future collection attempts. We provide you tools and support to help prevent payday loan collections abuse.
Step 4. After you make your first monthly payment, we begin negotiating with your payday lenders individually. We stay in contact with you to keep you updated of your situation.
Step 5. Once a settlement with your payday lender is reached and paid off, you will be notified via email notification from us.
Step 6. After your payday loan debt is paid off, your payday lenders may report to the credit rating bureaus that your accounts are "settled" or "paid." Either way, you no longer owe on this loan and the balance is zero. Congratulations, you are now free of that debt!
Complete the first step today and be on your way to a debt-free life. Contact us for your free consultation at (800) 966-5151 .
Copyright 2010-2013 Debt Pay 1
Category: Payday loans