Ways to Consolidate Payday Loans
We are more than willing in helping you end that debt cycle that has weighed you down for so long.
Why Encompass Recovery Group
Getting people out of debt has always been our mandate at Encompass Recovery Group. Our strategies and solutions have been approved and certified by the thousands of clients that we have served all across America.
Many have recovered from the payday loan trap through the consolidation loans that we offer.
When the least expected expenses arise, a payday or a short-term loan may be a tempting option. However, the fees and interest rates charged on these types of loans is much higher, and in the long run, you may get yourself stuck in a series of loans.
These loans may be challenging to repay, and you may lose track of your finances. Luckily, at Encompass Recovery Group, we provide a solution for this problem; we offer a consolidation payday loan that you can use to repay your loans.
Consolidating your payday loans entails taking a single loan from Encompass Recovery Group and using it to clear your other loans. Afterward, you must pay back the consolidation loan via reduced monthly payments, which is convenient instead of repaying multiple payday loans from various creditors.
If you opt to consolidate your payday loans, there are two options that you may use, that is a debt settlement plan or a debt management plan. The following are some of the ways that may be used to consolidate payday loans.
Seeking a Consolidation Loan
To get a consolidation loan from Encompass Recovery Group, you are first required to provide details regarding your credit report. A credit score is a determining factor when you are applying for a consolidation loan. Impressive credit history goes a long way in ensuring that you easily secure a loan. History of non-payments, as well as late payments, negatively affects the credit score of an individual.
Amount of your Outstanding Loans
The total amount of unpaid debts is considered when applying for a consolidation loan at Encompass Recovery Group. The ratio of your income to your earning also determines if you qualify for the loan and the number of funds you can get.
Your credit is fine if your total debt is below $3000, and thus, you may be given a credit card for debt consolidation. Typically, for the initial 12 to 18 months, these cards offer no interest. However, you can enquire from the Credit Card Company to be sure.
Consolidating my payday loans will mean I’m now in charge of my finances as I will be able to clear my payday loans in a more streamlined process.
Contact Encompass Recovery Group
When you contact us regarding the consolidation of your payday loans, we will help you. First, our team of experts will give personalized consultation services regarding your eligibility for the loan and the type of loan that will perfectly suit you depending on your credit history and financial ability.
At Encompass Recovery Group we will evaluate the amount of loan that you qualify for depending on your credit score. You will also be advised on the payment period repayment criteria, and the interest rate charged. You are free to negotiate with us for better deals.
Comparison of Rates and Terms
It is always recommended to ensure that you are getting a fair deal at all times; that’s why intensive research on the various terms and rates charged on a consolidation loan is done.
It may be a poor financial decision to take a consolidation loan with unfavorable interest to pay for your multiple payday loans. Unlike other lenders with outrageous rates and terms, at Encompass Recovery Group, we are committed to ensuring that our customers get the best deal in the market. Our rates are low and friendly.
You can also negotiate with our team of experts for better deals. If your loan repayment history is impressive, you can be assured of a consolidation loan with reduced interest and favorable repayment terms.
Call Us Now
With Encompass Recovery Group, you can never go wrong. Our loan recovery strategies are designed to meet the various needs of our customers.
Wait no more! Call us today and get yourself out of the payday loan trap.