Get Started Now

image

Get Started Now!

By clicking on "Get Started!", I agree to the Terms of Use, Privacy Policy and ESIGN Consent

image

Payday Loan Consolidation Florida |‌‌ Green Day Online

Borrowers will pay a fixed amount each month to the payday loan consolidation company in Florida.

Get Payday Loan Relief That Works

Reduction in Loan Amount

Your total debt can be reduced by up to 80%, depending on the terms and conditions of your loans.

Simple Monthly Payments

We’ll create a simple strategy. There aren’t any hidden charges or catches.

Support and assistance

It is not easy to get rid of debt. We are here to assist you every step of your way.

The Complete Guide To Florida Payday Loan Consolidation

Payday loans allow consumers to borrow money at the riskiest times. They are short-term loans that have high-interest rates and are due in 14 days. They may also be due upon the borrower’s next paycheck.

Florida’s laws regarding payday loans

There are only a few exceptions to this rule. Payday loans and “present deferred transactions” are legal in Florida. These loans have a term of at least seven days and a maximum of 31 days.

An installment loan cannot exceed $1000. There are no additional finance fees beyond 10% for 0 and a $5 verification fee.

The average APR on a payday loan in Florida is 34%. The average APR for a payday loan in Florida is 34%. This means that loans must always be paid on time.

Lenders must record all payday loans in a database before a contract can be signed.

What happens to a Florida payday loan if you can’t repay it?

Florida law forbids lenders from taking nefarious actions against borrowers who are unable to pay their payday loans. If you are asked to appear in court or sued by a lender, a judge can issue a warrant to you for your arrest.

The lender will contact you to recover the loan amount.

Florida residents, as well as those who plan to move to Florida, are eligible borrowers.

Florida allows borrowers to extend a grace period of up to 60 days if they are unable or unwilling to pay off their payday loan on time. If you believe that a payday lender is acting illegally, you can file a complaint.

What statutes of limitations apply to payday loans in Florida

Florida payday loans are subject to a five-year statute of limitations. The lender has five (5) years to collect the debt through the courts.

Consolidating payday loan in Florida

Payday loan consolidation is one option for people who are in debt. This is also known as payday loan consolidation or credit consolidation.

You may also consider a larger loan to help you repay your other loans. Be aware that late fees and penalties can apply to missed payments.

It is essential to have a good credit score. You will need to pay a transfer fee, so be sure to read all the details. You can then make one monthly payment to your credit card. This usually takes between 12-18 months. This is typically 12-18 months.

While it is similar to consolidating payday loans, a non-profit credit counseling service will usually set up a debt management program (DMP) that will cost $25 and $55 each month.

The numbers: Florida payday lenders

Here are some things you can expect when you take out a Florida payday loan.

  • Maximum loan term: 31 days for single payments and 90 days with installment loans
  • Average loan amount: $500
  • Maximum loan amount: 500 for a single payment and 1,000 for installment loans
  • APR Cap: None. Average of 304%
  • There are 862 payday loans in Florida (as of 2020).
  • Average APR for a 14-day payday loan: 304%
  • For every $100 collected, there is a $5 verification fee.
  • Florida’s poverty rate is 12.7%

Tags

debt free
credit card debt
credit report
personal loans
unsecured debts
payday loan lenders
affordable monthly payment
repayment period
payday loan borrowers
credit counselor
free consultation
financial situation
consolidation plan
peace of mind