National Payday Loan Relief is celebrating 15 years of helping people get out of debt by consolidating payday loans.
The Payday Loan Consolidation service at IPass National Payday Loan Relief has been in operation for 15 years.
Thousands of Americans who were enslaved by payday loan debt have regained financial independence because of this initiative.
The corporation takes over the task of paying off a client’s outstanding payday loan through this service.
This allows a client to pay off one or more loans at the same time, leaving only one loan with new terms and rates.
“It’s been fifteen years of filling in for our customers and assisting them in regaining financial independence. We are ecstatic to reach this milestone, which would not have been possible without the support of our valued consumers. We also want to express our gratitude to all of our partners for their unwavering support, and we aim to improve in the future.
“Our goal is quality, and negotiating with lenders to work out a solution is what we do best,” said Steven Harris, president of National Payday Loan Relief.
Payday loans are a significant contributing factor to the American economy, and almost every household has relied on one at some point. They’re quick and easy to use, and they’re a good source of urgent cash. These loans, on the other hand, are expensive and can trap a debtor in a never-ending cycle of debt.
National Payday Loan Relief is familiar with the pitfalls of payday loans and has been assisting clients with Payday Loan Consolidation. They accomplish this by consolidating all of the client’s loans and paying them off in one lump sum.
The client is left with only one loan to choose from, and he or she may even be able to secure the new loan at a low-interest rate. Furthermore, the new loan may have an extended payment duration, allowing the client to catch up on payments.
Consolidating payday loans is one of the most practical strategies to relieve debtors of various payday loans. Clients who have many high-interest payday loans consolidate them and roll them into a single loan. Loan consolidation is the term for this procedure. The procedure lowers the overall amount owed on each loan while simultaneously lowering monthly payments.
“The procedure of consolidating payday loans is fairly similar to those of other debt settlement programs.
You pay off numerous high-interest loans using funding supplied to you at a reduced interest rate, rather than paying multiple high-interest loans.
While you’re technically borrowing again, you’re doing so at a much lower interest rate,” Harris added.
The majority of debtors utilize a payday loan consolidation as a bridge to financial freedom.
This program is implemented in four simple steps by National Payday Loan Relief.
Following the client’s enrollment in the program, the company will assign them a skilled financial consultant who will gather all pertinent information about their payday loan.
The loan amount, interest, payment terms, income, and other bills are among them.
Second, the company contacts the lender and assumes control of the debtor’s correspondence with the lender.
Persuading the lender to waive any fines and negotiate a flexible monthly plan is also part of this phase.
A meeting between the client and the loan consolidation provider to arrange a monthly repayment plan is the third step.
The strategy is based on the clients’ income, payday loans, and interest rates.
Finally, National Payday Loan Relief will walk hand in hand with the client until the payday loan is paid off.
For the program to succeed, clients must make their monthly payments on time.
National Payday Loan Relief is a payday loan consolidation organization that assists clients in regaining financial freedom by providing debt relief services such as payday loan consolidation, debt settlements, credit card debt relief, and financial counseling.