How does Payday Loan consolidation & settlement work?

ALL of your unsecured payday loans will be consolidated into (1) low monthly payment. Your payday debts will then be settled one by one. This usually eliminates or reduces all interest, penalties and fees. Many times your payment will be reduced by over 50% and you will complete the program in a short 3-6 months.

How soon do you begin settling accounts?

Our partner firms or specialists will send out cease and desist letter to all of your lenders immediately upon your enrollment. They then validate the debt and many times settlements come during month (1) of the program.

Do the programs affect my credit?

Typically most pay day loan companies don’t report to the 3 major credit bureaus and you have nothing to worry about. If they do report to the credit bureau, this may have a negative effect on your credit rating. Your payday specialist will guide you through this process.

How long does it take to complete the program?

The programs are typically 3-6 months long. The amount of debt you have and what you can afford will play an important role in determining the term.

What is the cost of your program?

The cost of the program is specific to your individual, unique situation. There are NO UPFRONT FEES and the cost is spread across the term of your program. With fees included, your monthly payment is many times half of what you are currently paying but only for a short few months. Our payday specialists will always make sure you can afford the program. Our goal is to put you in a comfortable financial situation and remove all financial strains.

Can I cancel if I don't feel the program is right for me?

Yes, you can cancel the program at any time and all monies in reserves will be sent back to you. You will then be responsible for all of the loans. The partner offices and specialists will no longer have the legal right to help you in negotiations and stop harassing phone calls.

Is this a loan to pay off my lenders?

No. Our partners do not give you a loan to pay off your lenders. The programs consolidates and settles your payday debts.

When can I get started?

IMMEDIATELY. Please fill out an online form or call us now. STOP MY PAY DAY LOANS will align you with a team that will get YOUR PAYCHECK back into your control.