You wake up ready to face another day of phone calls at work, and at home. Messages from your parents and friends you used as references when you took out a payday loan telling you they keep getting calls for you, and all you can think is I need to get help with payday loan debts today!
Shady collection practices
These companies are anything but nice if you fall behind on your payday loan or loans. They will resort to any and all tactics to get hold of you and threaten you, from telling you they will garnish your wages to telling you they will call your boss, and they do.
While these practices are not normally allowed, it is really hard to police online loan companies. They can skirt the law and really make life miserable for you. You can not freeze them out of your bank account, as they will go as far as making withdrawals under different company names.
Threats and lawsuits
These loan companies will threaten to take you to court, and they will garnish all your wages, and on and on, and they can get quite frightening.
They will repeatedly call your place of employment and can even cost you your job. The best way to deal with these companies is to not deal with them at all, but usually when the above actions are taking place it is too late for this option.
What about reporting them
This is always an option, but it rarely brings any positive results and many times no response at all. Online companies have ways of hiding who they really are from the authorities, and they are very good at it.
If you are in trouble with payday loan debt, you will have your hands full.There is one redeeming fact that can help you, and that is they are willing to wheel and deal with the right payday loan consolidation company .
Do the consolidation companies work?
They do work and they work well. They can stop all collection activity, interest, phone calls, legal action, and set you up on some low affordable Bi weekly or monthly payments. They can help and they can start helping as fast as today, so if you are in trouble this is one solution for you.
I hope this article helps you in finding help with payday loan debts, and in the future keeps you from falling into the payday loan trap!
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