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Premier Debt Help offers payday loan consolidation options, with several debt settlement alternatives and higher-quality debt counseling than many of its competitors.You only need to be ,000 in debt to qualify for the program, which is one of the lowest thresholds of the services we reviewed.is a rather popular way for people to resolve the problems they have from payday loans.Payday loan consolidation is very useful and practical and comes with a lot of upsides.If you’ve got lots of different debts and you’re struggling to keep up with repayments, you can merge them together into one loan to lower your monthly payments.You borrow enough money to pay off all your current debts and owe money to just one lender.
Find out more about how debt consolidation loans work, then get free debt advice before you make a decision.
The loans generally run one to four years, depending on the severity of your debt and the monthly payments you make.
If you choose debt settlement, Premier Debt Help begins negotiations with your creditors.
Payday loans have one of the highest interest rates. Some of them include how many creditors you have, your outstanding debt amount, what actions have already been taken against you (for example, have you received a court summon or is your debt transferred to debt collectors, a garnishment on your wage or does your creditor take a certain amount of your paycheck Bear in mind the lower interest rate comes for the payday consolidation loan is because of its secured nature and its attachment to your asset.
Payday loan consolidation is the only option to settle your debt that has this benefit.