Stuck in the payday loan cycle? Use this free calculator to see exactly how much you’re paying in rollover fees every two weeks — and what a single, fixed monthly payment could look like if you consolidated your payday loans instead. It takes about 30 seconds, and you don’t need to enter any personal information.
What rolling over your payday loans really costs — vs. one monthly payment
Rollover fees keep you standing still — they don’t reduce what you owe by a dollar.
GET MY FREE QUOTEHow This Payday Loan Calculator Works
Payday loans are designed to be repaid in full on your next payday — usually within two weeks. But most borrowers can’t repay the full amount that quickly, so the loan gets rolled over, and a new fee is charged. According to the Consumer Financial Protection Bureau, the majority of payday loans are rolled over or re-borrowed, which means most borrowers pay far more in fees than they originally borrowed.
This calculator uses three simple inputs to show you the real math:
- Your total payday loan debt — the combined balance of every payday loan you currently owe.
- Your fee per $100 borrowed — payday lenders typically charge $15 to $30 for every $100 borrowed, every pay period. You can find your exact fee in your loan agreement.
- A consolidation program length — how many months you’d want to take to pay your debt down to zero with one monthly payment.
The If nothing changes column shows what rolling over costs you: your biweekly fees, your total fees over 12 months, your effective annual percentage rate (APR), and the most important number of all — your remaining debt after a year of payments, which is your entire original balance. Rollover fees don’t reduce what you owe by a single dollar.
The With consolidation column shows the alternative: one estimated monthly payment that actually pays your balance down to zero by the end of the program, with no new rollover fees.
Why Payday Loan Consolidation Saves Money
The average payday loan carries an effective APR of around 400% — and at $25 per $100 every two weeks, the effective rate is over 600%. Consolidation works by replacing multiple high-fee payday loans with a single structured payment plan, stopping the rollover cycle that keeps borrowers trapped. Instead of paying fees just to stand still, every payment goes toward becoming debt-free.
At Consolidate My Payday Loans, our programs include no upfront fees, no credit check, a money-back guarantee, and bilingual consultations. We work with clients in 47 states. Call 877-785-7817 for a free, no-obligation quote.
Frequently Asked Questions
How accurate is this payday loan consolidation calculator?
The calculator provides educational estimates based on the numbers you enter. Your rollover fee costs are calculated using standard payday loan fee structures of $15 to $30 per $100 per two-week period. Your actual consolidation payment depends on your specific loans, lenders, and state, and is determined during a free consultation.
How much does payday loan consolidation cost?
There are no upfront fees to enroll in our program. Your single monthly program payment covers your debt paydown. You’ll receive an exact payment quote — free of charge — before deciding anything.
Will payday loan consolidation hurt my credit?
There is no credit check to enroll, and most payday lenders don’t report to the major credit bureaus the way credit cards do. Breaking the rollover cycle and eliminating payday debt generally puts you in a stronger financial position overall.
What’s the minimum amount of debt required to consolidate?
Our consolidation programs typically require at least $2,500 in combined payday loan debt to enroll. If you owe less than that, you can still use the calculator to understand your fee costs, and we’re happy to point you toward other options during a free consultation.
How long does payday loan consolidation take?
Most programs run between 6 and 24 months, depending on how much you owe and what monthly payment fits your budget. A longer program means a lower monthly payment; a shorter one means you’re debt-free sooner.
Can I consolidate payday loans from multiple lenders?
Yes — that’s the most common situation. Most of our clients have three or more payday loans from different lenders, including online tribal lenders. Consolidation combines all of them into one program with one monthly payment.
