Are you struggling with too many payday loans?
If you find yourself in a position where you have borrowed more than you can afford
to pay off with payday loans then we can help.
We understand that it’s easy to borrow more than you can afford through easily accessible
payday loans. You find yourself borrowing more and more just to meet your monthly
repayments and you get stuck in a Payday Loan Cycle that’s almost impossible to
get out of.
We are currently helping 1000’s of customers remove themselves from the cycle.
Did you know that a pay day loan company cannot pressurise you to pay more than
you can reasonably afford to or to pay them within an unreasonably short period?
We can help you:
- Repay your existing loans without the taking out another one
- Reduce your monthly payments in line with what you can afford
- We negotiate with your creditors to FREEZE interest and STOP charges
- We will deal with loan companies
- Escape the payday loan spiral
Take the first step to sorting out your payday loans.
Complete the form below and get back on track.
This form is payday specific, however we can assist with other unsecured loans.
Tell us about your lenders
Enter your creditors name and an estimated balance that you have outstanding. This
does not have to be the exact amount:
Tell us about your monthly outgoings
Enter your estimated Monthy Outgoings. These do not have to be the exact amounts:
We can set up a plan within hours! We understand that repayments are often due very soon and interest can add up quickly so we’ll get working for you as soon as you give us the go ahead.
Yes! We will set up a plan within hours and also offer you advice to help reduce the risk of your money being taken by your creditors.
No – we work different to most other Debt Management Companies. We will start helping you before you are in a position to pay. You will obviously need to start paying money into the plan within a reasonable amount of time...
Whilst a repayment plan is informal and not legally binding, the Office of Fair Trading who regulate both our industries state that a Pay Day Loan Company should not refuse to deal a Debt Management Company. In our experience we find that most responsible companies will accept our plans if they are convinced that you genuinely cannot meet the terms of your original application.
Once a pay day loan company is advised of our appointment , all contact about your account should be through Debt Reverse (as per OFT Guidance.) They should not contact you without your permission, unless they have a justifiable reason for doing so.
Payday loans can be a useful option to help you out of a tight situation
However we understand that if your circumstances change, you may find yourself paying
interest over and over again and never reducing your original loan.
Here at Debt Reverse we specialise in payday loan debt management to help you escape
the endless monthly cycle of interest payments.
How it works
- Tom had 5 payday loans totalling £1,500
- His monthly repayments were £500 but he could only afford to pay £300 a month
- Debt Reverse were able to freeze the interest and charges on his payday loans and
within 6 months he was clear of his payday loan debt
Payday Loan debt example
Do you find yourself paying interest over and over again and never reducing your
original payday loan?
Let's say you have 4 payday loan accounts outstanding:
Current Monthly Interest Payments:
After a Debt Reverse plan
The new monthly repayment is based on what you can afford and are comfortable paying.
Fees & key information
This is a fee charging service. For more information
Did you know?
In the UK there is currently over £15,000,000 worth of payday loan debts that are
being managed by Debt Reverse and other Debt Management Companies.
A payday loan company cannot make you pay money that you do not have.
The average Debt Reverse customer has their payday loan debts paid off within 6
A payday loan company cannot refuse to deal with Debt Reverse.
Here is a selection of payday lenders that we are currently working with: