http://www.paydayloanadvice.com/quick-loans/quick-debt-consolidation-loans.html Quick debt consolidation loans might be difficult to get if you have bad credit, low income, or even too little debt. Can payday advances function as quick debt consolidation loans? You betcha - and masking tape can fix a car. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Here is a change of pace you won't find very often at Payday Loan Advice - we're going to talk about quick debt consolidation loans. Why? Because for every person applying for a payday advance there are two looking for another means to the end of this current cash dilemma. Debt is the root cause for financial emergencies - if we didn't have debt we'd be able to create debt in order to secure the funds we need in these trying times. We're talking about it because of all the plans offering quick debt consolidation loans none is as flexible, as fast and efficient at what you will find with payday advances. Did we mention dangerous? Yeah, that too. How payday advances become quick debt consolidation loans Lets say you had a series of five monthly bills, each costing you about $50 every two weeks. You're not always going to have that $250 in cash every pay period, and instead of just paying off a few here and a few there you need to stay current on all of them - lest you loose your services or get charged late fees that will only make your next payment that much more difficult. So there will be a time where debt consolidation loans will help you out, and the faster the better. But what do you need in order to qualify for today's standard quick debt consolidation loans? Decent credit - Not necessarily good credit, but high enough so your lender trusts you with a loan in the first place. A minimum debt amount - Sorry, but needing a quick $250 won't qualify you for most debt reduction or elimination opportunities. Your debt needs to be in the thousands to qualify with a debt company - quick loans are available for any amount you need upwards to $1500. A little more time than you have - debt consolidation companies work fast, usually starting their work in a few days after you apply. You don't have a few days however, by then your emergency will be finished. Thing is, a great many of us will only qualify for payday advances in our search for quick debt consolidation loans. A quick quiz Question: What's the one thing any payday advance is guaranteed to create. Answer: More Debt. Using a payday loan as a form of quick debt consolidation loans doesn't make any sense. Those five bills costing $50 a piece? Late fees would probably be about $5, maybe $10. Thats less than the $20 per $100 you'll pay for a payday advance. Sat, 26 Jul 2008 15:00:00 EDT