how much will I have to pay to settle payday loans totaling about $2040

It depends on your negotiation skills. It is better to not expect more than 50% reduction. Well, if it's an illegal pdl, you're supposed to pay only the principal amount and not a cent extra.

I need a few more information before giving you a reply.

Who are your lenders?
Haw much have you borrowed?
What state are you in?
What is the interest rate?
How much have you paid until now?

If the lenders are legal, then you will face difficulties in settling debts. In this case, consider a debt settlement company to reduce significant debt. Make sure the settlement company is authentic.

You need to provide the details about your lenders. It is important to identify if they are legal or illegal lenders. Illegal lenders are easy to handle, you just need to pay off the principal amount. If the lenders are legal, then you will face difficulties in settling debts.