How Do I Get Payday Loan Relief Without a Debtor's Credit Counselor?


Did you know that you can get free payday loan relief if you take advantage of state-sponsored debt consolidation programs? This is one way that you can avoid wage garnishments. State-sponsored debt consolidation programs are offered through both the federal government and your state. Of course, each state has its own repayment plan.

If you need a payday loan relief, you can turn to your state's consumer credit counselors. These are trained professionals who can help you work out a payment plan with your creditors. Yes, even debtors can stop wage garnishments by working directly with their creditors. Most state consumer credit counselors will not allow you to consolidate your debts with a third party service. Such a service would use your assets against your debt. In other words, the creditors would receive less than the full value of what they are owed.

What if your state doesn't have any state-sponsored consumer credit counselors? Your next option is to find an online debt consolidation company. Most companies operate without state regulation. And there are some unscrupulous ones who may use illegal or deceptive practices to get you in default. To protect yourself, make sure that the company you choose has been registered with the Better Business Bureau.

Once you have determined which lender you will work with, you should be able to apply for payday loan relief from your chosen lender via an online form. Some lenders will only require you to fill out a simple application. Others will require you to complete an application and then send a payment to the lender via a debit or credit card. Still others will let you pay via an extended payment plan.

When you apply for payday loan help, you will usually be given the option to set up a direct deposit where your money is automatically sent every month. This means that you don't need to be concerned with remembering to send a check each month. If you can't arrange for an extended payment plan, you may want to consider setting up an automatic transfer from an account that does accept short-term loans.

These are just two of the payday loan relief options available. One option is a debt settlement program, the other is bankruptcy. No matter which of these you choose, you will want to work with a certified credit counselor to help you get out of debt. The best way to do this is by having an open and ongoing conversation with a certified debt counselor who can help you consolidate your debt, develop a budget, and find other payday loans and debt consolidation alternatives.

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