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DEBT MANAGEMENT
Payday Loan Assistance
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If you have Payday Loans that you are struggling to repay or are caught up in the seemingly never-ending cycle of renewing loans, MMC can help as a branch office of DMCC.
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DMCC has had much success in setting up repayment plans of 6 to 12 months with Payday Loan lenders, providing borrowers payments they can afford and relief from harassing collection calls. If you have more than one Payday Loan, we can consolidate all your loan payments into one lower monthly payment that will be distributed to each of your lenders.
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DMCC is not a lender but can assist you in getting repayment terms from your lender.
The minimum repayment period is 6 months; the maximum repayment period is 12 months.
Maximum Loan Annual Percentage Rate (APR) is 0%, and Loan Fees are $0.00.
For example, if you have a $1000 payday loan, DMCC can set up a 12-month repayment plan for $93.33/month, including our fees of $10/month. For a total of $1120.
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