FORT LAUDERDALE, Fla.,
June 4, 2021 /PRNewswire-PRWeb/
-- National Payday Loan Relief is one of the United States' top loan relief companies
that provide expert payday loan help programs to clients. They've
been in the business of payday loan settlement for over twelve
years, and they have numerous clients to attest to the success of
their services. They boast of providing the best payday loan
elimination programs for clients struggling with debt and aiming
for financial freedom. National Payday Loan Relief is popularly
known for its payday loan consolidation and payday loan relief
programs. They also offer other services like debt management and
mortgage refinancing.
With the emergence of the financial crisis due to the COVID 19
pandemic, there has been a rise in the population that cannot keep
up with their payday loan payment in the
United States. Many families have experienced income slash
or lost their income source (jobs) because of reduced revenues of
companies. Some people got burdened with poor health and fear of
infection that they could not perform their job well, and they got
fired. Some individuals went through disruptive events, like
accidents that required payments beyond their budget and rendered
them financially unstable.
The pandemic allowed payday loan risks to arise for many people.
They got burdened with the payment of renewal fees, lenders
emptying their bank accounts, reduced credit scores, and a terrible
debt cycle. These problems resulted in frantic individuals going
deeper into debts, especially with an inflated interest rate
associated with non-payment of payday loans. They were other
effects of non-payment, like embarrassing emails, messages, and
calls that affected some people's well-being and family life.
The payday loan help program provided by National Payday Loan
Relief is available to help people out of their debt cycle, huge
debts, and embarrassing calls from lenders. With payday loan
settlement, a person can be free from all debts accumulated in two
to fours as long as the individual does not take any more loans.
The payday loan settlement program can help achieve a loan cut to
as little as 50% of the original loan. It is only possible when
some factors are considered, like;
- The age of the debt.
- The delinquency of the debt.
- The borrower's financial hardship.
Many people mistake payday loan settlement with payday loan
consolidation. It is because most payday loan relief companies
offer both services, and they have different concepts. Payday loan
settlement involves negotiation with lenders to settles a debt for
less than the amount owed or a forgiveness of the entire debt. It
can be efficient for single or multiple lenders. Payday loan
consolidation involves combining debts from different creditors and
using a single loan to pay them all, with a chance of reduced
interest rate and lower monthly rate.
If a person is close to filing for bankruptcy, then it is time
to rethink as bankruptcy will affect the credit score and a chance
to opt for any loan in the next ten years. Rather than filing for
bankruptcy, the estranged borrower should take up the free
consultation National Payday Loan Relief and embrace the payday
loan settlement program.
Payday loan relief involves a lot of negotiation. An individual
that decides to go for one without the help of a lending firm might
encounter stress, disappointment, and denial. The settlement should
be prompt to avoid being bankrupt or getting a lower credit score.
The negotiation process involves;
1. Contacting the right person: The right contact is mostly
obtained from the borrower's latest notice. It could be the contact
of the lending company or the contact agency. Contacting the wrong
person can aggravate the situation and yield no result. With
National Payday Loan Relief, there is no need to worry, as they
always have the correct contact information.
2. Decision on settling the payday loan: This is best done with
a top-rated loan relief company because they have the expertise to
negotiate a fair settlement that their client can afford. The
payment plan decided on could be a lump-sum payment or monthly
payment at a rate the client can afford.
3. Plans for financial stability: Payday loan settlement aims to
save the borrower enough money to perform other tasks. The relief
company works the budget the client can afford to negotiate a deal.
The settlement deal will consider the company's fee and federal
taxes on the unforgivable aspect of the settlement.
4. Getting a written agreement: A mistake people commonly make
with financial decisions is leaving them as spoken words. Unwritten
agreements are detrimental because the lender can deny any claim of
the settlement without evidence. National Payday Loan Relief
provides legal teams that will help finalize written agreements.
They do it through a signed payday loan settlement agreement letter
that makes the settlement enforceable. The letter also offers
client protection in case of any dispute regarding the concluded
amount for payment. It also helps when legal actions are
required.
Without payday loan help, a person will live a stressful and
financially limited life. National Payday Loan Relief has a team of
financial experts capable of settling all payday loans and helping
a person live a debt-free life. As with any other financial
institution, they have criteria a borrower should meet to qualify
for payday loan help. They include legitimate evidence of the
following:
- A total accumulation payday loan debt of a minimum of
one thousand dollars, and the
presence of two or more open payday loan account.
- The client's total fund available as income or assets.
- The physical residence of the borrower and other frequently
visited locations.
- Collateral offered to obtain previous loans.
National Payday Loan Relief understands that most people are
overwhelmed with the stress of their loans in addition to the
pandemic and reduced income, so they provide clients with dedicated
professionals for debt relief counseling. They also provide
borrowers with legal assistance, especially for events like
harassment from lenders or outrageous interest rates due to the
inability to pay promptly. Once a borrower is eligible to partake
of payday loan help, National Payday Loan Relief helps attain a
less strenuous repayment plan. The company have three main steps
for any payday loan help program, they include;
1. Assessment by a personal financial consultant: National
Payday Loan Relief assigns every client to a financial consultant.
The consultant will be in charge of handling communication and
paperwork for the payday loan settlement. The initial appointment
usually consists of information collation on the borrower.
Questions asked consist of current income, all loans, assets, and
expenses.
2. Approaching lenders: The task of meeting with the lenders is
taken off the client, and the company handles every negotiation.
The company helps clients to stop lenders from touching their
accounts. The lender and the company decide on a settlement plan
that must be adhered to by the client.
3. Completion of the help: A financial expert helps borrowers to
stick with their payment plan of the new loan amount.
Many professional debt settlement companies do not accept payday
loans in their settlement program which leaves borrowers with
limited options. National Payday Loan Relief is not an option only
because of the limitation in accessing payday debt settlement but
because they provide one of the best debt settlement services with
experience. They are not after the client's money but after
results, as they charge 35% of what they saved the client, and they
offer legal assistance with no additional legal charges.
National Payday Loan Relief started was founded by veterans of
the debt settlement industry as a small company in Florida and grew to become a nationwide
enterprise. It is the most reliable debt settlement company in
the United States to get people
out of debt. It is a specialized company in eliminating and
settling payday loan debts for over 29 years. They have
successfully satisfied over three million clients nationally. They
boast of effectively guiding their clients through the thick and
thin of the entire debt settlement process so that they are free of
any worry or embarrassment.
Their mission is to provide effective payday loan reliefs to
people nationally to overcome the overwhelming burden of payday
loan's high-interest rates and overdue balances that can ruin a
person's finances. They provide good moral services, and they
enlighten people with the working process of payday loans, their
finances, and the right strategy to navigate payday loans. They are
among the few companies that provided clients with COVID 19
resources because of their moral standing.
National Payday Loan Relief provides their clients and
prospective clients with free consultations. They also have a
customer service department that is always available to answer any
debt settlement process question. The company works with skilled
financial attorneys and experienced negotiators to get positive
results for their debt settlement cases.
For more information on payday loan settlement, please visit
https://nationalpaydayloanrelief.com/ or call (888) 407-4521. You
can also send a mail to info@nationalpaydayloanrelief.com.
Media Contact
CARLOS HALIS, National Payday
Loan Relief, (888) 407-4521, info@nationalpaydayloanrelief.com
SOURCE National Payday Loan Relief