Some of these companies are definitely worth small monthly fee, and can save you much more than they charge. But, some of these companies are not legitimate and can take your monthly payments and keep them for a month or more before they make your payments (collecting interest on money all while), causing you to accrue late fees and possibly collections. These companies can actually cost you money and make your situation worse.

Be careful when searching for debt consolidation companies to work with. Make sure they are legitimate, long standing companies before you sign on dotted line. To see our list of recommended debt consolidation lenders click on link below.

Consolidating your debt can provide great relief and breathing room when it comes time to pay your bills. Sometimes, when you are up to hilt in debt, it can be so overwhelming just keeping up with your bills that it can be difficult to think about ways to start paying debt down.

•Consider in making arrangements with your banker regarding withdrawal facility from your checking A/c in order to protect yourself from making extra charges on bounced checks. This facility costs you as little as $5.Sometimes no fee is needed at all!

•When you shop for credit, check APR and other official charges of different credit offers. Thus you can avoid higher monthly charges with lower credit cost. •Many social groups and communities provide urgent assistance either directly or by various social services programmes. For example, I can mention “Federal low income home emergency assistance programme” provides financial assistance to families with lower income.

•There are several loan companies who offer $500 to $100 loan to active in duty & retired military personnel. The APR of these military loans range from 34% to 40% which is 10 to 15 times cheaper than payday loan.

•There are also several Consumer finance companies that provide small consumer loans at a low APR of 60%, which is also cheaper than payday loans.

Do homework when you are about to borrow a payday loan. Look for low interest payday loan. Gather all knowledge about payday loan before borrowing it. For more detailed discussions on payday loan alternatives, visit http://www.ampmcash.com/loan-alternative.html .If you have any problem or query regarding payday loan, join our discussion board at http://www.ampmcash.com/talk.html