Consolidate Payday Loans Calculator
Do you need help to consolidate a payday loan agreement? Use our consolidate payday loans calculator to work out the cost for a short term loan.
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*Calculations are indicative only. Calculator assumes interest calculated monthly without PPI.
The amount payable may vary between providers due to the different ways they calculate the interest payable.
A payday loan can be a very tempting proposition to some consumers, especially if they are struggling to find the money to pay for an unexpected bill. Always find a reputable lender when searching for a payday loan and check out their interest charges and penalty charges first before you agree to their terms and conditions.
Things you must consider when trying to Consolidate Payday Loans.
When taking out a payday loan in the first place you always need to be able to pay the money back with interest charges to the lender on the agreed date. If for what ever reason you cannot, you will be charged penalty charges, and these charges can mount up pretty quickly, so you need to pay if off as quick as you can. You don’t want it to get out of control and end up paying out more in extra charge than the full amount of money that you lent in the beginning. Don’t fall into the trap of taking out multiple payday loans, as repayments can quickly get out of control, and you find yourself not being able to make the repayments. If you do find yourself struggling to pay off the loans, then you need to consolidate the payday loans as quick as you can. Debt consolidation loans may be an option for you, were you can pay off your debts with one single loan, and then off the remaining payday loans that you took out.
It is important that you consolidate payday loans and prevent your debts from growing out of control. Take a look at some of our debt consolidation loan partners if you require another loan to pay off your debts.