http://www.cashloaninfo.com/bad-credit-loans/debt-consolidation-loans.html Debt consolidation loans are always going to be dangerous, but when taken out against your paycheck there is hardly any benefit to debt consolidation loans. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Can you use a payday advance as a debt consolidation loan? Is it possible? Sure its possible - but we wouldn't suggest it. A lot of tiny details need to be in place in order for short term, small amount, high interest debt consolidation loans to actually make sense: Your accumulated demands should be less than you make in any given pay period The rates attached to these debts should be extremely high - higher even that the rates dictated by usury laws. There should be some level of penalty should you miss the payment of these debts - a cancellation of services, a bounced check - in order for these debt consolidation loans to be worth their while. To be blunt, there really will never be a moment when a payday advance will be a beneficial option to standard debt consolidation opportunities. But then again, sometimes its your only choice. Saying yes to debt consolidation loans There are two things that can demand a debt-ridden individual t take out a payday advance as a form of debt consolidation loans: Bad credit. The need for speed. If you can't qualify for anything but those bad credit loans that don't check your credit, then yes, your options will be limited to a payday advance, and keeping track of a single loan might be easier than tracking 5 separate debts. And if you desperate for speedy assistance, depending on the speed you need quick bad credit loans might be the only emergency response that will reach your account on time. Its not the best possible option, but its an option nonetheless. When to just say no But there are times when just giving up and taking the late fees or loss of services is you best option. Bad credit military loans are a bad idea no matter the circumstances, and most bad credit unsecured personal loans should be mulled over for a few days at least - which eliminates the need to apply for the lighting quick payday advances. But the most important aspect that will eliminate all benefits off these fast bad credit loans is your own financial responsibility. Why do you have debts in the first place, and how will things be any different if you take out those short term, high-rate debt consolidation loans? Sat, 26 Jul 2008 15:00:00 EDT