Online Payday Loan Disaster

David started using online payday loans about a year ago. He has eight outstanding loans totaling about $4,500. He's getting threatening calls at work now. What's the best way to get out of this mess?

QUESTION: David in Oklahoma City started using online payday loans about a year ago. He has eight outstanding loans, and they total about $4,500. He’s getting threatening calls at work now. What’s the best way to get out of this mess?

ANSWER: I think you’re just going to have to itemize these things and fight your way through them. That’s what it amounts to. Just look at the smallest one and say you’ll get it paid off as fast as you can. Pick up an extra job like delivering pizzas at night, because an extra $1,000 a month would really help you to straighten this mess out in about four months.

You really need that extra income right now to clean the mess up.

Jump-Start Your Goals!

Jump-Start Your Goals!

Get our 8-Day JUMP START series and weekly newsletter that are packed with articles and tools to help you win with money.

Learn to Beat Debt

Take Control of Your Money!

The best way to get out of debt and take control of your money is to make a plan! Financial Peace University is that plan!

Find a Class

Thank You!

Your 8-Day Jump Start is on its way to !