Payday Loan Consolidation: Extinguish Your Debts and Pay Only One Installment!

In recent times we have been used to often hear the word “crisis” especially in the economic field. But despite this, there are few who forgo goods like a latest-generation mobile phone, a TV that is not less than 32 inches, the ultimate food processor or a nice machine. But how is it possible to be able to get all these things, thus taking away some whims, even if our salary is not among the highest? Simple…. “Buy it in comfortable installments!” Or “Pay in installments!”. Don’t these words sound familiar? Choosing this payment method, paying in installments, allows us to get what we want but paying it little by little. An editorial over at

For this reason, in recent years there has been an increase in companies that deal with lending money to those who request it, such as banks or private financial institutions.

Given that the objects of our desires are multiple, it could happen that we find ourselves with more than one installment to be paid at the end of the month. But what if our economic circumstances change and we would like to have a lower total amount to pay at the end of the month? Could all these loans be combined into one installment ? At this point we talk about Payday Loan Consolidation. What’s this? How does it work?

How does Payday Loan Consolidation work?

How does Debt Consolidation work?

The Payday Loan Consolidation loan is a formula introduced in Italy by Decree Law 212 of 2011, with the aim of avoiding over-indebtedness of Italian families. As stated above, it allows you to unify all the loans in progress into a single loan and thus guarantee the payment of a single monthly installment. For this reason when we talk about Payday Loan Consolidation we are also talking about refinancing, as the bank or the private institution that provides the consolidation takes over the previous debts and liquidates them, so that the debtor must then pay only a referent, thus removing the constraint of having multiple monthly installments. In order for Payday Loan Consolidation to be used, the early termination clause is essential: outstanding debts must be able to be repaid in advance.

What are the advantages of Payday Loan Consolidation?

What are the advantages of debt consolidation?

  1. Pay one lighter installment rather than two or more monthly installments;
  2. Extend loan repayment times thanks to greater flexibility in installments;
  3. Obtain new liquidity, to be added if necessary to the one already requested and to be paid off;
  4. Have a single point of contact with whom to interact during payments, rather than having to go to different financial institutions.

This solution can be advantageous for those who find it difficult to pay the sums of the individual loan installments. It is also convenient for those who simply prefer to deal with a single contact.

How to get a Payday Loan Consolidation plan?

How to get a debt consolidation plan?

This formula of renegotiation of its debts in a single installment provides for strict credibility and eligibility criteria of the creditor and a precise procedure regarding the feasibility of the financial plan. The Payday Loan Consolidation plan is granted to those who can provide solid guarantees. These include:   a permanent employment contract, a length of employment of at least 24 months and the absence of protests, foreclosures or reports as a bad payer.

Should these characteristics be present, then being considered bad payers, protested or foreclosed, one can resort to the assignment of a fifth of the salary or pension as a Payday Loan Consolidation plan. This is a form of fixed-rate financing with constant payment of the installment which is withheld each month either from salary or pension. The sum that is debited cannot exceed one fifth of the pay slip.

Extinguish your debts and pay only one installment!

Extinguish your debts and pay only one installment!

In this regard, the Heathcliff team’s experts will be at your side to offer you valuable advice, helping you to get the Payday Loan Consolidation plan appropriate to your needs….

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