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I have unfortunately 4 payday loans that I need to consolidate. Should I let them go to collections and then use a debit consolidation company to pay them off? Credit is poor so I can't find a loan to pay them off. Any suggestions on a company that will loan $2000-$3000 with poor credit?
NO!
first what state are you in?who are the lenders?how much was borrowed and how much was debited/paid thus far?were these storfront,or online?provide that info and you can get help for free.also any place that claims to handle pdl's is a scam,and without oustanding credit noboby is gonna lend you.so provide the info requested please.
Use a debt consolidation company to payoff.
Are your lenders licensed in your state? You can consolidate your legal loans only. This is because debt consolidation is not applicable for illegal loans. Don’t hire a debt relief company to consolidate your debts, as they will charge a heavy fee. Try to do it on your own. If required try to get help from your friends and relatives.
Which is the state you are in and which are the lenders?
Where do you stay? In case of illegal payday loans, you don't require getting debt consolidation help. Rather debt settlement would be a better option.
Payday loan isn't legal in all the states. Hence, you need to provide details about which state you're residing in.