IF - again, if - you obtained a debt consolidation loan on more favorable terms, you could discharge the payday loans at their exorbitant interest and get back on more fiscally sound footing. If you default, you would be liable for the filing fees of the small claims actions the lenders would almost certainly bring, and likely attorney's fees also. I would expect that to be part of the contract you signed to get the loan, as it is standard language.
Failing that, you might be able to renegotiate the terms of the existing loans, but I tend to doubt the lenders will want to.
The foregoing is for general information purposes and does not establish an attorney-client relationship.
Short of bankruptcy or settling , I do not know what you can do . If you have other debt, even if you are current, you may wish to consider bankruptcy. I deal often with people who are current and have spent many years working miracles to keep current but finally have ran out of money .