If you want to know how to consolidate payday loan debts, or maybe you have payday loans and other debt, then this article is for you. I am not bothered why you took out the payday loan you have or if you want more. This is a no nonsense guide for you with loopholes and advice to get you out of paying them and get yourself back on track in 24hrs. Over 1 million people in Australia have a payday loan, it is a sector that is booming and the methods to snare the poor and vulnerable have become borderline criminal. It seems like every second advert on TV is saying ,’get $1000 in under 15mins to your account today…’. None of the ads point out some charge up to 160% interest though and that is where it all goes wrong for many people. Rollovers, being offered more credit, being able to take out multiple loans with different lenders, once your on the payday loan train, it is very hard to get off. This is not right, so its time to tell them where to go. Now I’ll show you how.
If you need help to beat Payday Loan Debts today
If you owe Payday Loan Debts right now, then you are already receiving calls and letters, they escalate to calling work/neighbours and finally on to a court judgment to reclaim back debt owed. They have tried to shut this site down unsuccessfully, and it has been running for 4 years and helped over 2000 Aussies beat them. So if you are stressed and need help to simply resolve the debt, there are several tactics you can use from freezing to forced settlemtent. Please use the, ‘Contact Us Now‘ form on the right hand side and send me an email with your current situation and I will help you. I will reply to everybody, thanks.
The problem is that when you cant feed your children, or have rent to pay and you may be in some financial difficulty, payday loans make a very easy form of credit to get. Debt can cause breakdowns in marriage, sleepless nights and constant anxiety, so when a text message can be sent to a lender and a loan received in 15mins, who really is going to say no when other options are not available.
Beginning of the month, money all gone, what to do now?
We have all been there, monthly salary comes in and then somehow 80% of its all gone in 5days. So try this, one tactic It is really easy and you can do it whilst watching TV/in bed or on the bus, you just spend 3mins a day online using, ‘get paid for your opinion’ websites. Go to the website, pick a survey to complete, click and answer some questions and you get cash or vouchers for Coles, Myers etc. I did it everyday and you earn immediately as they are free to join. The largest free one I used was this one
If you are at this point and have many payday loans, then you probably have bad credit anyway and couldn’t get a personal loan from a bank, or didn’t earn enough to qualify for one.So right now if you are paying charges and interest and have defaults, the priority for you is to at least keep your wages every month and not be in the position of paying 90% of them to these lenders every month. So to enable that, you have to do 2 things. Go to your bank where the account you pay the lenders with every month is based and have a meeting with someone in the bank. You have to say you are suffering ‘hardship’ and use that exact word. Explain you can’t pay your debts and need to stop the direct debits going out of your account. Say you have tried to talk to the lenders, but they won’t listen, so you need your banks help. This will stop all direct debits going out of the bank. There are some sample template letters on this site you can also use to send off to them as well here.I would also advise you to go to another bank and ask for a ‘basic bank acc’, just a cash card that you can put wages in and pay essential bills with like gas and electricity. Obviously keep details of this new account away from all your lenders. So now you should at least have all your wages back in your acc every month.
Use this loophole to protect your income
There are several situations that legally warrant a debt collection company taking your money. However, there are some loopholes that enable yourself to protect your money form these companies. The quickest and easiest strategy, is to sign up for some income protection. Debt collectors won’t be able to touch it and it also supplies you an income, if out of work/injured etc all situations debt collecting agencies care nothing about and would normally chase you for regardless. The one I used was this one
How to consolidate Payday Loan Debts. Don’t pay them
If you have any questions about how to consolidate payday loan debts and need advice, feel free to use the contact me form on the right hand side and Ill get back to all of you with advice as quick as I can. Don’t worry, if your in debt, it is easy to get out again, it is just a case of knowing how to play the game and what you can do using what laws made for your protection can be used.