|Need Help with Defaulted Payday Loans – Defaultedloan.net is always at your Side|
|We help you to get out of debt and bring your payment back on track. We provide assistance in payday loan consolidation and outline debt management programs. The ways you can get out of default are many; we help you find the way.We aim to design effective repayment plans for you and advice on the ways to stop wage garnishment. Get in touch with us today to come out of default.
Worried about the consequences of defaulting on your payday loan?
Here, is a look at the serious consequences that you might face with defaults –
Wage Garnishment – Once you default, the payday loan companies can hold a certain amount of your pay if you have agreed to a wage deduction when applying for the loan.
Poor Credit Rating – Defaulting on any loans including payday loans makes your credit rating drop severely. Your poor credit rating stops you from receiving further loans in the future, either from other payday loan companies, or even from banks and other lending providers.
Addition of Charges and Penalties – A payday loan in default is usually subject to a default fee with immediate effect. In addition, you will also have the collection charge of the debt collection agencies. All these extra costs together increase the payment balance greatly.
How defaultedloan.net can help?