Are you familiar with payday loan consolidation? If your answer is no, then now is the time for you to know what it is all about and how it can help you financially in no time.
Are you drowning in credit card debts? Do you want to be debt free? Do you find yourself relying from credit cards whenever you purchase stuff? Do you want to change your current financial situation? Worry no more, help is here at Citrus North!
In case you didn’t know, hundreds and thousands of people across the globe are drowning in debt. You are not alone in this type of financial situation. Having said that, people who are deep in debt usually suffer from the following scenarios:
Given the following pointers above, we at Citrus North understand how hard it is to come up with a well-thought payment plan for debt settlement.
Especially if you are dealing with the harassing collection calls of payday lenders. Plus the long list of credit card debts that you have due to your poor spending habits. Thus, you find yourself drowning deeply in debt because of it the things on the list.
That is what payday loan consolidation is all about. To help you eliminate debt by creating a strategic financial plan for you to repay your payday loans without the hassle and pressure of doing so.
Having said that, consolidating your payday loans will help you achieve the following below:
Payday loan consolidation is also known as debt consolidation loan. It is a type of personal loan for people with bad and/or poor personal credit scores. This loan guarantees you to get the debt settlement and consolidation services that you need for your current financial situation.
A payday loan debt consolidation company offers debt relief services (such as this one) either on-site or online such as here at Citrus North.
This type of loan is not secure. Meaning to say, there is no physical collateral (such as your property, goods, assets) that you need to surrender. All you have to do is to provide a written agreement which states your promise to pay it on time or before the maturity date (due date).
In some cases, some consolidating companies still require the borrower to provide one of your assets as collateral. Such collateral that these companies typically require are as follows:
Provided that, consolidating all your payday loans is the best (and may even be the only option left) solution for clients with a bad personal credit score (also called as debtors) with a large amount of debt.
As a borrower, the basic terms and conditions that will determine whether you qualify for this debt assistance So, without further ado, to qualify for a payday loan consolidation, you must have the following requirements below:
|Requirements and Qualifications to Obtain a Payday Loan Consolidation|
|Basic Information||Your basic contact and personal information (see online application form above)|
|Identification||Government-issued valid IDs|
|Active accounts under your name||Bank and/or checking account|
|Proof of employment||Certificate of employment (COE) or any proof that you have a stable and/or regular job|
|Proof of income||Latest pay stubs or payslips from your company and/or employer. This is to state the level of your financial capacity. Your proof of income also|
|Collateral||The majority of the consolidating companies only require the borrower’s signature (electronic signature if you apply online, such as here on Citrus North) as the collateral. However, some still require their borrowers to surrender one of their assets, properties, goods, etc.|
|Co-signer co-guarantor, co-maker||The co-signer serves as a representative of the borrower. In case the borrower fails to repay the payday loan consolidation program, the consolidating company will contact the co-signer to write and sign a promissory note.|
To sum it up, this debt settlement and consolidation service is the best solution if you find yourself struggling to eliminate all your pending loans. We guarantee you that this financial program will help you repay all your loans (including payday loans) and be debt free again.
The payday loan consolidation program of Citrus North comes in handy if you are currently in the situation where:
The upcoming monthly pay for the payday loan debt consolidation program varies on each and every borrower. With that being said, your monthly payment amount depends on the following factors below:
In case you have any more queries concerning the payday loan consolidation. We list some of the most frequently asked questions (FAQs), read on below and see if we have included one your questions.
No. Payday lenders will only list borrowers who fail to pay on time as a defaulter. Then, depending on the lender, they may require you to submit your name and some personal details to the regulatory board agency in your local state.
With that being said, the regulatory agency may send your name to other payday lenders. Thus, you are ban to access payday loans until you settle your pending payday loans.
Once you are on the list, other payday lenders, including lending companies, banking institutions, and other financial companies will list you as a defaulter. That is why you you must consolidate all your payday loans in as soon as possible.
We make it possible here at Citrus North because applying and getting one is purely done online. Plus, we guarantee that you will get the debt relief and assistance in no time.
No. Neither payday loan lenders nor the illegal ones who have authorization can put you to jail if you have defaulted a payment (fail to pay on time or missed a payment).
Unfortunately, yes. But the payday lender will make collection calls to constantly remind the borrower about his debt. Nevertheless, cash collection calls allow a borrower to tell the payday loan lenders the reason why you are unable to repay the loan yet. Then you can also give them an extension date as to when you plan to repay the loan and arrange a debt settlement with them.
Most of the time, your payday loan will incur additional rates and fees plus an extension of the monthly payment. The payday loan lenders will then require the borrower to confirm that you will pay the payday loan together with the additional late payment fees and/or charges.
While payday loan lenders cannot put you in jail for your unpaid payday loans, they have the authorization to sue you in court. Thus, you will still have a criminal record. Plus, there are higher chances of a default judgement should you lose the case.
Should you have any more questions about consolidating your loans, please feel free to call us. Here on Citrus North, we are more than willing to help you get the debt settlement and consolidation service that you need the most today. If you do not have any concerns about this, please do not hesitate to fill up and submit an application to us.
Citrus North provides payday loan consolidation program in the following ways:
Are you still in doubt about this? Then stop having second thoughts whether you will try the payday loan consolidation. Please do not hesitate to give us a call so that we can answer all your inquiries about it today.
Finally, here at Citrus North, you will no longer drown deep in your debt problems. We guarantee you that you will be debt free from now on, because we also offer free credit counseling apart from our debt relief services, debt consolidation programs, secured and unsecured loans.
With that being said, we highly assure you that you will be debt free from now on if you avail one of our payday loan consolidation program. Aside from that, we also offer a variety of debt consolidation programs and debt relief services (such as our consolidation service) whatever your financial situation is.
So, what are you waiting for? Just fill up our online application form here at Citrus North, we will connect you to a reputable consolidating company in no time.
We have a long list of consolidating companies and a network of debt negotiators that are more than willing to help you. Get the debt settlement and consolidation services that you need right now with us here at Citrus North.