Paying off 5 payday or installment loans
Date: Tue, 07/25/2017 - 12:51
In which state do you live in
In which state do you live in? Are the payday lenders legal in your state? Please mention the name of the payday lenders here,
Regarding car payment, talk to the lender to extend the payment date or you can refinance the loan. Don't be late; otherwise, the auto lender may take the repossession of your car.
Hi Cathy! The first thing
Hi Cathy! The first thing you need to do is list the names of the lenders for the 5 loans, the amount, and how much you have paid. If the lenders are illegal, then you are only obligated to pay back the principal amount. Also if the lenders are illegal, then you will need to follow the "Illegal lenders" sticky in this forum to revoke ACH and EFT authorization. You will need to work out a payment arrangement with any legal lenders because you owe the principal amount plus interest. I hope this helps!
Check out this link for your
Check out this link for your reference.
https://forums.debtcc.com/paydayloan/dealingwith-illegallenders.html
Yes you can ask your lender
Yes you can ask your lender to extend car payment term, or may be you can go for a refinance.
As Patricia suggested, plz mention your payday lender names...