When a Payday Loan Won't Go the Distance

If you’re considering a debt-relief program. . .

Lots of people are struggling with money right now. Sometimes all it takes is a quick payday loan to clear a financial hurdle. But when you're overwhelmed with debt, a short-term loan may only make matters worse. If you think you're a candidate for some kind of debt-relief program, read about your options in What Should I Do? | Debt Relief.
There are many reputable and reliable debt-relief companies that really do help people get their debts under control. But before you enter into any kind of a debt payment plan, a few of words of common sense and caution are in order.

Do some simple research.

Before you enter into any kind of debt-relief plan, take a few simple steps to find out whether the company is trustworthy. Check for complaints filed with the Better Business Bureau, your state Attorney General, and other consumer protection agencies. You can expect to see some consumer complaints, but the majority of them should be resolved.
If you are considering debt settlement, make sure the company is a member of The Association of Settlement Companies (TASC). TASC is an independent trade association involved in clarifying and improving rules governing the debt-settlement industry.

Understand the fees and payments.

Make sure you understand the fees you will be charged by the company and the exact details about how your debt-plan payments will be applied. Don't agree to fees that seem unreasonable and don't settle for vague explanations about how your debt-plan payments will be applied. ... click here to read the rest of the article titled "When a Payday Loan Won't Go the Distance"