Author Archives: admin

Why Lenders are willing to Work with your Payday Loan Consolidation Services

If you have fallen into the vicious and unending loop of payday loans, you have likely considered getting help from a payday loan consolidation company. You take the time to get a foothold in your finances against the payday lenders by researching online for a reliable company, have completed all of the necessary paperwork and you are ready to take the leap back into control. After all this work your payday loan providers issue the statement that “We are not able to work with payday loan consolidation services.” This can make anyone feel completely out of control and hopeless.

There are some people that feel completely deflated at this point and throw their hands up in frustration. The fact is, however, you need to determine whether or not this is a true and accurate statement. After all, if no payday lenders are willing to work with consolidation companies, why are they even in existence – and growing?

Here are the three top reasons that the payday lenders that you are using will eventually give in and work with your payday consolidation service.

Number 1: Closure of Your Bank Account

The very first thing that your payday loan consolidation service will tell you to do is close the bank account that your payday lender drafts payments from. Even through your consolidation will send a document to the lender that revokes their right to draft your bank account automatically, it is essential you completely close the account to ensure that no unauthorized charges take place.

Number 2: Sending Cease and Desist Documents

Once you decide to work with a payday loan consolidation service, they will send documents for your lenders to eliminate any further communications directly with you. In accordance to the Federal Trade Commission, your payday lender is required to follow certain regulations when they are attempting to collect a debt. If they do not follow these rules and continue the calls, they can be fined up to $1,000 for each phone call that is made.

Number 3: Risk of Being Sued

There are many people that are worried if they do not continue to pay on their payday loans, they will be sued. However, a large number of the borrowers also do not understand that payday lenders (especially ones passed off of the internet) do not hold a license to actually lend money to people that reside in the U.S. This means that they are not able to take their non-paying or late customers to court for the balance of the payday loan.

Now if you think about the situation for a minute, you should come to three very significant conclusions:

  1. Lenders are not able to debit your bank account;
  2. Lenders are not able to call you for the money you owe;
  3. Lenders are not able to sue for the balance due.

Josh B.

My mom was telling me not to get a payday loan but I needed it very badly to pay some bills off. I got the loan and got trapped inside the loop hole of the payday loans. I was stuck and paying $267 a month and not even touching the amount I borrowed. I got be hide on my payments and creditors started calling me day and night. I need a solution and started to search for one. I found Be Free Financial on google and signed up for a free quote. A representative at Be Free called me right away and gave me a surprised by cutting my payments down by 50%. I know I couldn’t believe it either. They told me I would be in the program only 8 months! Needless to say I completed the program and I’m debt free today! I hope anyone with payday loan debt can reach Be Free Financial so they can solve your debt too!

Josh B.

Chris F

I am having a huge problem on how to solve my pay day loan ($1500). Tried to go to different debt loan companies but I don’t think that they can’t help me. I was hopeless. Then I found the site of Be Free Financial and called the phone number 888-926-1337 and this very helpful representative explained how the program works. And after 6 months I am debt free now. Thank you so much Be Free for the help. I saved a lot of money and at the same time I also have for my personal savings when I sign up with Be Free. Thank you so much!!

Dana S

If you got payday loans and you’ve been harassed by payday loan companies, then its about time that you need to put a stop on this. Let Be Free Financial take over. Be Free call number 888-926-1337.

Dana Shore Atalanta

Kitty

Hi this is Kitty, I got 5 payday loans and it’s really hard for me to pay it all. When I search the internet for an answer, I got BE FREE FINANCIAL. They had my loans consolidated, RIGHT THERE AND THEN and Just waited for 2 weeks for them to negotiate with my creditors. Thank you so much and keep up the great job!

Jen

Hi I’m Jen, I have this never-ending problem with my payday loans when it comes to reducing or eliminating my debt. I know that there’s no secret formula to making this happen. But that’s what I thought. Be free financial, MADE IT HAPPEN! That’s why I’m so thankful to them! Keep up the good job guys!

Dothy

I am a bakery owner. I started with a small capital hoping to grow bigger. First few years went along fine and profitable. Due to changing times, prices and commodities went higher, so as the people who works for me — meeting their salary. I resorted to getting loans from banks and I got this credit card that have been maxed out. One of my staff attending my shop answered a phone call, I was so busy attending the shop. I asked what was the call about and I was told It was about Be free Financial. Good thing, my staff got their number. I was really praying for a solution to my prayer, i don’t wanna lose money but my obligations, my bills are overlapping. I had to do something. I dialed the number and my payday loans got consolidated and I was really amazed how BFF settled my problems. I cant thank them enough. Go, go, go Be free financial! – Dothy McNamara, Kansas

Alec

We are short of words expressing our gratitude. Thanks for your help and counseling, setting us free of debt, and saving us half of what we owed. I hope with all my heart that you keep on doing such an amazing job helping others during this recession, which made it almost impossible to survive this economy. Thanks to your help we kept up with our responsibilities. This is why we feel a great commitment of expressing in this simple letter one of the many ways of saying we are forever grateful. We feel the need to inform others of the great work you have done providing us with this much needed help so they know that they are not alone and that there is help out there to make it easy and possible to survive these hard times without any stress.

Alec

Shannon

Problems with payday loans? I got those too. But I am freed by Be Free Financial. How did it happen? Well, I came home from work and its my routine to check the answering machine. One call got me interested with the mention of payday loan. Its from one of BFF’s representative mentioning about helping people who have payday loans, and lessening loan payments without interest accruing. I right away called the number mentioned in the voice message (888-926-1337). My pdl loans got consolidated and my payments were reduced.

Shannon Hicks

Jane

Hi, I’m Jane. I just wanna share how be free financial.com helped me. I have a job, as a hair dresser. My husband and I have lots of debt but we can pay it because both of us have a stable job. But when my husband died on an accident, now, I don’t know how I can pay the debts. I don’t know what to do. But when I found out about befreefinancial.com, I was relieved because they helped me helped me consolidate my loans. Now, I got my loans paid, and have nothing to worry about.