Any person that is looking up payday loan consolidation pay day loans is likely very experienced when it comes to payday loans and all that they have to offer. However, it is also very likely that you are simply looking up this information in order to determine how you will go about paying down these loans in a reasonable way. If you have taken out many payday loans, you are probably having trouble paying these down. However, the way that you approach the solution to this problem can make a very big difference when it comes to getting yourself in a positive financial position in the future. When you have taken out many different payday loans, you are going to find that each of these would require you to make a payment on a monthly basis. However, it can sometimes be very difficult to keep track of the ones that you have paid and the others that you have not yet made a payment on. When this happens, you may leave some unpaid and cause them to increase due to late fees that would be added to your outstanding balance. Keeping track of the balance on each of these loans may feel like an impossible task when you do not know what you are doing. Eventually, it will be very difficult to make sure that you are staying current on all of the payday loans that you are currently responsible for. In fact, it may feel as if these debts are draining your bank account and the life that you would otherwise be able to live. The solution to this would be to consolidate all of the payday loans that you have taken out in the past, this would help you to get your debts under control in a variety of ways.