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The good news is that there are payday loan consolidation services that can combine all your outstanding debts into a single, manageable payment with a smaller monthly minimum payment and sometimes even a lower interest rate.
Payday loan services offer a way for people to bridge the gap between bill due dates and pay dates. Unfortunately, some customers cannot repay their payday loans and take out new payday loans in order to cover the difference. When this cycle starts, it can be quite difficult to break.
