A payday loan is an emergency loan designed to be taken out for a short duration of time. Most people who take payday loans close to the end of the month do so in order to fund unexpected purchases as they provide the easiest and most convenient way to borrow money. However, if you have gotten stuck in a payday loan cycle, have racked up considerable debt, and are unable to meet your monthly payments, there are a few ways for you to settle your payday loan debt.

Negotiate with Your Lender

If you are not able to meet your monthly payments, then you can negotiate for a settlement scheme directly with your payday loan lender. This arrangement will allow you to pay less than the balance you owe to clear your debts.

Before undertaking the process, you should:

· Check out your credit report to determine undue debts

· Determine whether the accounts are past the Statute of Limitations (SOL)

· Decide on a way of paying

Partner with Professional Debt Negotiators

If you are not comfortable negotiating with the lender yourself, you can enlist the help of a settlement company. You can either opt for:

• Progressive Payments – a settlement company negotiates on your behalf to settle your payday loan in discrete amounts.

• Accumulative Settlements – after personally saving small amounts each month, you can contact a settlement company to negotiate for you to pay less than the amount you owe.

Your Professional Debt Settlement Partner

At Progressive Debt Relief, our purpose is to help you reduce, settle, and eliminate your payday loan debt. Over the years, our company has established connections with the major payday loans providers to help you negotiate more manageable payments. We pride ourselves with many years of experience in helping our clients settle payday loan debt efficiently and discreetly. We also provide free consultation and charge no upfront fee. 

Guided by the highest standard of honesty and integrity, our highly qualified financial experts can be trusted to negotiate on your behalf and work closely with your creditors to settle your payday loan debt for good. Avoid the headache that comes with constant harassment from payday loan lenders. Contact Progressive Debt Relief today and get the relief you deserve.