Can you get a consolidated loan to pay off some payday loans?

By pyday | Aug 25, 2009

I owe 8 payday loan companies and have bad credit. Would companies be able to still get me a consolidated loan to payoff the payday loans?

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1 Comment so far
  1. stopccdebt August 27, 2009 6:48 am

    No legitimate company will lend you money in that type of situation as long as you have bad credit. Payday loan companies consistently charge double the rate most loan sharks charge.

    You need a short term boost in income to eliminate those payday loans. A second job could help until you repay it all. Most importantly, don’t take out payday loan #9.

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