Payday loans create more problems for you as these come with high interest rates. Thus, it becomes hard to pay of these loans. In order to pay off one loan you may take another, and to pay off the other you will again need to take another. As a result this vicious cycle of loans goes on, and you are unable to become debt free.
Thus, it is better to avoid payday loans. What you can do is consolidate the loans into a single one so that you can conveniently make a single payment each month in place of many. You can join a debt consolidation company to help you in consolidating your debts.
Consolidating your loans will lower the interest rates, and it becomes much easier to pay of your debts.
I think you are mistaken. You will have to directly contact a lender to get a loan. This is a credit help site, and is not related to any kind of loan company.
payday loans
Hi pambenigno,
Welcome to this community :)
Payday loans create more problems for you as these come with high interest rates. Thus, it becomes hard to pay of these loans. In order to pay off one loan you may take another, and to pay off the other you will again need to take another. As a result this vicious cycle of loans goes on, and you are unable to become debt free.
Thus, it is better to avoid payday loans. What you can do is consolidate the loans into a single one so that you can conveniently make a single payment each month in place of many. You can join a debt consolidation company to help you in consolidating your debts.
Consolidating your loans will lower the interest rates, and it becomes much easier to pay of your debts.
Thanks,
Aaron
loan
i need a small loan
loan
Hi Shurma,
I think you are mistaken. You will have to directly contact a lender to get a loan. This is a credit help site, and is not related to any kind of loan company.
Thanks,
Aaron