It is possible to break the never-ending cycle of payday loans with our help. If you are among the thousands of consumers stuck in borrowing payday loans, we would like to help you. Our Payday Loan Consolidation services focus on just one thing, freeing you from debt in a quick and pain-free manner.
How Payday Loan Consolidation Works
The first step is a free consultation followed by a review of your situation. We will know about who you owe, the amount owed, and the general financial overview. We will evaluate options to assist you to repay your payday loans and discuss how you can avoid reliance on payday loans to break the stressful and expensive cycle of payday loan debt.
After establishing that we can engage your payday loan creditors, and you are eligible to register in our repayment package, we will contact your lenders and come up with consolidation arrangements. You will then be required to be making monthly payments which are more affordable through Encompass Recovery until you complete paying the loans.
Get Help with your Payday Loans
Though it is challenging to eliminate or consolidate payday loans, many professionals endorse one of two approaches. They comprise the two options; Consolidate your payday loans using an additional source of funding and enter into a payday loan consolidation package. You can also know your legal rights concerning payday loans, and what creditors can or can’t do when it comes to collecting on or issuing these kinds of short-term loans to customers.
Many consumers feel embarrassed for being trapped in payday loans and getting their finances out of control. Our assurance is that our trained and highly skilled financial counselors will help you get out of that cycle. We know it takes courage and strength to face financial challenges head-on.
You are not ‘A loan’
We understand that payday loans can make a person feel isolated and lonely. Short terms loans such as payday loans are a financial source of depression because of the high fees charged. Statistics reveal that over 12 million Americans obtain payday loans every year paying back over $9 billion in fees. That is about $750 per person. With the millions of consumers taking up payday loans, it is evident that you are not alone.
The Borrowing Stops Here
Encompass Recovery does not lend money. We consolidate payday loans in a single monthly payment after negotiating with the original lender on your behalf. This means that you stop the cycle of receiving a loan to repay another one.
When you consolidate with us, you no longer need to obtain a second loan to pay the first one. Additionally, if you have not made some payments and have had fees, then we will negotiate with your creditors to eliminate or reduce or all those extra charges and fees.
Advantages of Payday Loan Consolidation
If you reach out to Encompass Recovery Group for help, we can offer you noteworthy help and the advantages of payday loan consolidation firms include :
- Generally, the opening consultation is free
- Get a lesser rate of interest on your loans
- You will have a reduced monthly payment on unsettled debts
- Frequently any over-limit fees, late fees, or other charges are eliminated or reduced
- Make just one payment monthly to one firm
- Stop letters and calls from collections being sent to your residence
- Making a single payment helps you with budgeting and simplifies your finances
- The payments that are made will help you better your credit ratings and scores
- Finish the cycle of multiple payday loans and salary advance
The key to success is that despite which choice you make, you need to follow through with it and be diligent.
Best Payday Loan Consolidation
Encompass Recovery is a renowned credit card and payday loans resolution company with a range of services. The services are designed to help consumers pay their unsecured debt fast. We provide the following debt relief services:
- Payday loans
- Credit cards
- Cash advances
- Installment loans
- Repossessions
- Past due utilities
- Collection accounts
- Unsecured personal loans
Getting Rid of Payday Loans
Call (877) 769-0109 or enter your information on Encompass Recovery Group site so that you can receive your free consultation and be on the road to manage your payday loans.