National Payday Loan Relief Celebrates 15 Years of Transforming Lives Through Payday Loan Consolidation
National Payday Loan Relief is celebrating 15 years of relieving Americans of their payday loan debts through their Payday Loan Consolidation program. The program helps customers stuck in the payday loan cycle gain financial freedom by providing a realistic solution to meet the lenders' monthly payments.
OAKLAND PARK, Fla., Oct. 20, 2021 /PRNewswire-PRWeb/ -- National Payday Loan Relief is celebrating 15 years since they started the Payday Loan Consolidation program. This program has helped thousands of Americans wallowing in payday loan debts regain their financial freedom. Through this program, the company takes over the responsibility of clearing an outstanding payday loan on behalf of the client. This enables a client to clear one or more loans simultaneously and leave a single loan with new terms and rates.
"It has been fifteen years of standing in for our clients and helping them regain their financial freedom. We are delighted to make this milestone, which could not be possible without our esteemed customers. We are also grateful to all our partners for their unending support, and we promise to do even better moving forward. Ours is a promise of excellence, and negotiating with lenders to work something out is what we do best," said Steven Harris, current president of National Payday Loan Relief.
Payday loans are a major contributor to the American economy, and most households have survived on a payday loan at one point. They are fast and convenient and are a good source of emergency cash. However, these loans are costly and can drag the debtor into a never-ending cycle of debts. Some of the disadvantages of payday loans include:
- They have ridiculously high-interest rates
- They don't build your credit score
- Due to their ease of application, clients are trapped into a never-ending cycle of debts
- Lenders can access clients' bank accounts and hijack their money or freeze them
National Payday Loan Relief understands the deep waters of payday loans and has been helping clients get out through the Payday Loan Consolidation program. They do this by combining all loans owed by the client and paying them off in one settlement. The client is left only one loan to think about and may even get the new loan at a competitive interest rate. Moreover, the new loan may have a longer repayment period, giving the client a grace period.
Payday Loan Consolidation is one of the most practical ways of relieving debtors of the burden of multiple payday loans. Clients with several payday loans charging high interest rates combine the loans and roll them into a single loan. This process is known as loan consolidation. The process reduces the total amount payable for each loan and also reduces the monthly payments.
"Payday loan consolidation is a very similar process to other debt consolidation programs. Rather than paying multiple high-interest loans, you pay them off with funding loaned to you at a lower interest rate. While you are technically borrowing again, you are doing it at a far more manageable interest rate," explained Harris.
A payday loan consolidation is the bridge most debtors use to cross to their financial freedom. National Payday Loan Relief rolls out this program in four easy steps. After the client signs up for the program, the firm will assign them a professional financial consultant to collect all vital data concerning their payday loan. These include the loan amount, interest, payment conditions, income, and other bills.
Secondly, the company reaches out to the lender and takes over the communication between the lender and the debtor. This step also involves persuading the lender to waive any penalties and develop a flexible monthly plan.
The third step entails a meeting between the client and the loan consolidation company to develop a monthly repayment plan. The plan is based on the clients' income, payday loans, and lending interests.
Lastly, National Payday Loan Relief will walk with the client hand in hand until the payday loan is settled. Clients are required to honor their monthly payments for the program to succeed.
National Payday Loan Relief is a payday loan consolidation company that helps clients regain their financial freedom through - debt relief programs such as payday loan consolidation, debt settlements, credit card debt relief and financial counsel. The firm's mission is to provide the best payday loan debt elimination option for consumers struggling with debt.
For more info visit their office at NW 10th Terrace, Oakland Park, FL 33309
Or call at (888) 407-4521
Email: [email protected]
Website: https://nationalpaydayloanrelief.com/
Media Contact
Carlos Halis, National Payday Loan Relief, (888) 407-4521, [email protected]
SOURCE National Payday Loan Relief
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