Payday Loan Relief
At Encompass Recovery Group, we offer a wide range of strategies and solutions for millions of Americans trapped in the lure of payday loans as well as other types of debts.
Why Encompass Recovery Group
We strive to ensure that you are in charge of your finances at all times by offering remedies that will help you to repay your loans efficiently and with less hassle.
Our loan relief program is designed to enable you to pay your various debts at once and remain with one loan, which is easy to repay and at reduced charges.
Are you trapped in the continuous cycle of multiple payday debts? Then be sure that you are not the only person seeking some relief from the burden of loans. When a person is short on cash, short-term payday loans always seem like an ideal option, as you may need instant funds to make ends meet. However, when you miss a single payment, your loan is rolled over with an increased interest rate. You end up drowning in a series of loans that you cannot pay off in the long run.
Every year, approximately 12 million Americans secure a payday loan. On average, when you borrow $375, you may be required to pay $550 in fees. In the United States, in fees alone, lenders make up to $6 billion. This is much discouraging for people who are dependent on payday loans. Luckily, at Encompass Recovery Group, we offer a payday loan consolidation, which will lower your debt amount and reduce your interest rates.
What Payday Relief Entails
Having multiple payday loans from various creditors with varying interests can be stressful and cumbersome to the borrower. The chances of timely payment of the loan are minimal as you may tend to forget the payment dates. Fortunately, the payday loan consolidation offered by Encompass Recovery Group has made things more comfortable and efficient.
This is how the payday loan consolidation works, and you get a loan from us, which you use to pay off your various payday loans. After that, you are then required to pay the consolidation loan at a reduced interest rate over an agreed period.
A single payment is required monthly; this has streamlined the repayment procedure and improved efficiency. There are two methods of consolidating your payday loans: debt consolidation loans and relief programs for payday loans.
Payday Loan Relief Program
Consolidation for payday loans entails working with Encompass Recovery Group, whereby we will be responsible for representing you to the lenders. This form of payday relief is also referred to as a debt management program or debt settlement program.
You will then be charged a regular monthly fee for the representation and liable for your loan’s full completion. Depending on your negotiation, the fees charged on the loan may be reduced, or your loan is paid in advance.
It is vital to have full knowledge and understanding of how payday relief works to avoid making financial mistakes and not fall into the hands of fraudsters.
At Encompass Recovery Group, we give you a free consultation and enlighten you on the terms and conditions involved in the payday relief, including the repayment period as well as the interest charged.
Payday Loan Consolidation &
Debt Relief
See if you qualify to
lower your monthly payments 40-60%.
Benefits of Payday Relief from Encompass Recovery Group
At Encompass Recovery Group, we offer you consultation and professional advice, and guidance on the various types of loan relief programs that we offer to make an informed decision. By merging your multiple payday loans into one, the total loan amount will be reduced, and we will offer you a reduced interest rate, which will be much convenient for you. When you contact us, our team of experts will negotiate with you to offer much better payment terms.
Predictable repayment terms offered by Encompass Recovery Group will enable you to be in charge of your finances. You will be able to budget how you will use your funds. However, you are supposed to be careful not to be lured into the traps of malicious lenders who offer extremely high interest rates and charges on payday relief loans.
Call Us and Step Into Financial Freedom
Don’t struggle in the continuous cycle of debts; call us today at Encompass Recovery Group and get the help you deserve. We will merge your payday loans into one simple and payable loan.