I have messed up with my payday loans

Hi db1965

Payday loans are the most expensive cash available in the market. You should have taken care of it right from your first payday and prevented yourself from reaching to this point. You need to follow a realistic budget now and figure out your monthly expenses. You should try to avoid any unnecessary expense that can be avoided by all means. To begin with, look into the daily items that you use.

You have to build a fixed saving and include small deposits if at all it is possible. This will help you in meeting the cash requirements during emergencies or unexpected expenses or any other items. Just imagine the fee that you will pay on a loan of $400 in a saving account for six months. I hope that thought is enough to buff against financial emergencies.

Do you have overdraft protection in your checking account? If you use all the funds in your account and if there is a mistake in your accounts ledger or records, overdraft protection will help you in solving your credit problems. Check the terms and conditions before you use the overdraft protection.

You can also take the help of a consumer credit counseling service available in each and every state. They will help you in setting a budget and plan a debt repayment structure for you. You can also take the help of your employer, credit union or housing authority.

Regards
Roxette