It is possible to consolidate these loans into one payment. However, consolidating payday loans can be much more difficult than traditional personal loans, or credit cards.
There are several different types of consolidation loans, but the one that will best suit your situation depends primarily on whether you own a home and your credit history. Also, the amount of your debt will be a consideration. If you only owe a few hundred dollars in payday loans, a debt consolidation loan may not be available cash n go instant loans you, but if you owe several thousand, or more, a consolidation loan may be a good choice. If you own a home, a secured debt consolidation loan may be right for you.
This type of loan is essentially a home equity loan which is used to pay off your other creditors.
I am not bothered why you took out the payday loan you have or if you want more. This is a no nonsense guide for you with loopholes and advice to get you out of paying them and get yourself back on track in 24hrs.
Over 1 million people in Australia have a payday loan, it is a sector that is booming and the methods to snare the poor and vulnerable have become borderline criminal. It seems like every second advert on TV is saying ,get 1000 in under 15mins to your account today….
None of the ads point out some charge up to 160 interest though and that is where it all goes wrong for many people. Rollovers, being offered more credit, being able to take out multiple loans with different lenders, once your on the payday loan train, it is very hard to get off. This is not right, cash n go instant loans its time to tell them where to go.
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