I took out to many payday loans.What do i do?

i took out way to many pay day loans...

i make 800 dollers every 2 weeks and now all i can do is pay the finance fee and then i have no money..i dont know what to do

i wanna take out a loan i can afford like a 300 money payment on a loan to consilidate it all but i dont have much credit history and i do not have a co-signer

someone helP!

I took out to many payday loans.What do i do?

hereisyourwayoutofpaydayloans

Payday debt[how to get out]

We first got into the loan because we needed car repairs and didn閳ユ獩 have enough money then someone told us we could get a payday loan. We went to the payday store and it was so easy just needed to provide a bank statement, pay stub and post dated check for two weeks, my next payday, $575.00 they handed over $500.00 cash. We really thought we would be able to pay it back and that would be that. Then when payday came along $575.00 out of it would be hard as we were already living payday to payday. We went back to the payday store and were told we could just pay the $575.00 cash then re-borrow again that sounded good we just didn閳ユ獩 think of the very high interest rate. So if you borrow every two weeks at $75.00 interest for 26 weeks that equals $1,950.00 in a year. So when we would re-borrow that would not cover all of the bills because we would be short the $150.00 from the interest so we went to the next payday store to cover the monthly bills then we found we needed more money for some other need. Then when we needed to pay off that loan we were short so we had to go to another to cover that loan then another and another before we knew it we were into four paydays per month. Here is the calculation $75.00 x 4 loans =$300.00 per two weeks x 26 weeks per year $7,800.00 x 3 years $23.400.00. Paydays are suppose to be a happy time but when you are into them like we were it is a nightmare and very stressful, robbing Peter to pay Paul, running from one store to another. What was amazing is as I was going from one to another I would see the same people at each store, sad but true.

Our website is hereisyourwayoutofpaydayloans

I took out to many payday loans.What do i do?

You are not alone. The payday lenders are making outrageous sums of money taking advantage of people like yourself who are just trying to get by.

This is very important: DO NOT take out any more payday loans. You've got yourself in a vicious cycle with them. Do not let them roll-over your loan if you can't pay it off. The costs to you will only get worse.

Short of winning the lottery, you have to do something to help yourself get out of this cycle. Go to your local credit union. If you don't have an account, open one with as little as $5. Then talk to them about programs available to help you get away from the payday lenders. They may very well be able to help you do a debt consolidation loan. If they can't help you, go to another credit union or bank that will.

With a debt consolidation, you'll end up having another loan to pay off, but at least you won't be paying sky-high interest rates to the scumbag payday lenders.

Now make a promise to yourself that during the next few weeks/months it takes to clear up this debt, you will cut back on any expenditures that aren't absolutely necessary. It's like going on a diet -- restrict yourself now and you'll enjoy the results later! You can do it! Put away the credit cards. Tell your friends and family you're on a debt-reduction plan and can't spend extra cash right now. Your $400 a week has got to get you out of debt AND pay for the bare essentials: housing, food, car, utilities, etc.

Good luck!!!