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How Can I Pay off Payday Loan Faster? | Real PDL Help

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Real PDL Help
How Can I Pay off Payday Loan Faster? | Real PDL Help

Payday loans are very much tempting when one needs hard cash. These pay off payday loans are available even when one has a low credit score. The only sad factor is payday loans are very expensive with high-interest rates of around 400% as per the Consumer Financial Protection Bureau.

Some states require payday lenders to give an extended repayment plan that gives one more time to pay back loans and avoid additional penalties. The lenders may charge an extra fee for entering a repayment plan. One can find the laws of each state by checking the National Conference of State Legislatures.


Personal loans always come with fixed repayment schedules that give one several years to pay off one’s loans! This extended repayment timeline can make the monthly payments more affordable!

There are also other types of loans such as home equity loans that can help consolidate debt! One is home equity loans. But, this can come with higher closing costs and may put one’s house at risk as collateral!


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