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Consolidate payday loan works essentially by taking the total debt you owe and arrive at a schedule of monthly payments or bi are affordable and you pay off your debt in an agreed period of time. From my research some companies deal with payday loan debt consolidation as a model of regulation. This means that when you make payments monthly or bi-weekly payments your company can take it for 2 or 3 months, then try to approach the payday lender to negotiate a fee. This type of model is bad for two reasons:

These payday lenders are very aggressive in their efforts to collect and if they do not hear from you (the customer) within a reasonable time, they will call your cell phone at home, your work and your constant reference. It also put the lender in a defensive posture and will be less willing to work with you to create a consolidated structure of the re-payment.

Some companies will take your payment for the first few months and all the money you pay for them walk to the first, and lenders are beginning to see the money. Also, if you have a loan window, and they lend you a certain amount of money for which they are willing to accept less than you? This is not a bargain.