Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.

I’m a bit lost here. Are you saying that you want to obtain a debt consolidation loan to satisfy payday loans? Unfortunately no bank or credit union is going to back this kind of debt, especially now with the credit crunch. No income, probably already close to the max of your debt/income ratio. No collateral. You really have no options on a loan.

If times are this bad for you, I would check with the CCCS (Consumer Credit Counseling, not the ones you hear on the radio/television). They are non-profit and can help. If you’ve tried that route with no success, maybe speak to a lawyer about bankruptcy?

you might try lendingclub.com