Cannot pay back payday loans - what next

heythere

Welcome to the forums! You need to contact the issuer of the loan. Ask to speak to a manager if need be. Explain the situation to them, and why you are not able to pay back the loan. In most cases, they may be willing to work with you. Other payday lenders do not care, and will attempt to hit your account (possibly even two times) and make you incur NSF fees with your bank. If you feel you're going to lose money regardless, perhaps you shoudl change yoru account number, and work out an alternate payment method with them.

Remember that payday loans are only meant to be for extreme emergencies, and only a short loan with high interest. These should only be taken with the intention of paying back within one week. We all understand that mistakes happen, and other things come up...but payday loan companies are only out there for one thing, and that's to make money off us.

Regards-
Mike

I also got trapped in the payday loan he**. This place is great. The people on here are very knowledgable and they sure made me feel better.

Danna

We're glad you can feel comfortable now. This forum has been help to many, and it appears that it's helping many others as they come across it. Everyone has something to share; and we can not only learn from our mistakes, but quite possibly theirs too.

Regards-
Mike

Help, we really got into a trap and need help badly, I have 2 $600 and so does my husband.....I also have a 1 years $750 loan, We cannot get out from under the weekly ones. can you help us?

Sue...can you give us some more info...?? Please list the names of the payday lenders/whether they are iternet or store front/how much you borrowed and how much has been paid back including fee's. Also we need to know what state you are in.

I have had a loan with check n go (Texas) for 2 years now. I swear they are the devil! I pay $200.00 every 2 weeks to roll over the loan because I am never able to pay back the 1000.00 that I originally borrowed. At check n go, you cant buy your loan down, they don't do that, you can only pay fees and roll the loan over. I have very poor credit and can't get a personal loan anywhere to be able to pay them off. Is there any advice on how to get out of this hell??? I am about ready to just close my checking account and stop paying them. I know, I know, that is the worst thing to do, but I am sick of it!

Check n Go is a CFSA member. This means that they must offer you an extended payment plan. You would have to pay the loan off in 4 equal payments. This must be asked for at least 1 day before your loan is due.

I would call the company that issued the PD. They might be able to extend your date or something. Good luck to you!

i got a payday loan a while back ago and was not able to pay it back due to medical problems i had and was not able to work. i've tried explaining that to the lender but that didn't help. i am constantly getting threatening phone calls from them everday.. i dont know what to do anymore..can someone help?

please help i have two payday loans one with ace and its due tomorrow i can not pay them though its either i pay them or my car gets repoed i dont know what to do any suggestions ive already used all of my re newels is there something else offered

Hi I think you have to turn to attorney, they will help you, cause they know all the ways how to keep yourself more protected.

We have several online payday loans they are killing us. What can we do? We have tried debt consolidation, but the monthly payments are too high. Should we file bankruptcy?

What state are you in and what are the names of the PDL companies?

If you post those we can help you further.

I know your based in america but can you help somebody in england?

Im a university student who got a ??200 payday loan with ToothFairy Finance out now I owe ??300+
I have absolutly no money whatsoever and also have other large bills to pay off. I currently cant find any work at all. I dont know what to do I need to go back to university in augest but I dont see how I am going to now im in this mess.

Yours sincerley
James

You'll need to locate the consumer laws that would pertain to you, then you can go from there.

i borrowed money from check n go n on june 1i cant pay it back until aug 1 im scared to call them can i be arrested

No you won't be arrested but you need to remain pro-active. Ask them for the EPP.

My husband and I both have payday loans from cashnet usa online. mine is for 400 and his 500 I believe. We have been doing loan extensions then paying back then taking out another to cover it again and are in a hole. We will not be able to pay in one week when they are due and I am freaking out. I do not want them to harrass my husband at work, I have heard bad stories. Can I have my back stop the payment from coming through? Will they be able to call our jobs and contact and harrass them? We are in arizona and this was an online loan. I am also worried they will come after us for writing a bad check, Arizona is very strict on that and although I have never done it before I cannot afford to have that happen.
We could pay them back come the first of the year or make small payments in the mean time but cannot keep the payments and the fees on top of it.
Thanks!!,

What are the laws for online payday loans when you live in Maryland. I have taken out online payday loans and I reside in Maryland. The fees are killing me. Can you give me some options as to paying these off. What options do I have if any or do I need to close my current bank account to stop the NSF fees when I don't have the money there to cover the withdrawls from the lenders?

:confused:can u go to jail for not repaying on line or store front payday loans?

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Good day!Another newbie here. I've joined on the recommendation of a friend on here. Looks like there are lots of interesting threads.I love gardening and messing about with the camera so you should see me joining in with those for starters.Take care!

This is a debt forum! Post about gardening and photography are limited to our Pub section!

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i have a 600 payday loan with wonga and a 150 with cash genie have no money coz just had to move and dnt know what to do!?

i borrow payday loans totals 9. now i dont have monney to pay them back. my paycheck i have to pay rent. i am a single mom. i want to know what happen if i dont pay them back. i am already bankrupcy. i am afraid that they will call my work place.]
i think if they call my work place,i will said i am no longer work for this company.
i need help and some idea. can anyone help me. i am crying here.

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Will a lender even bother persuing legal action for a 200 payday loan. They never contacted me until now threatening to call the attorney gen. My email was cancelled bcz i coulnt afford aol. I am in PA. They want 5000 dollars and that sounds extremely excessive to me for only being 8 months overdue. I never got a bill in the mail and if they would have sent me one i would have paid it.

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My husband and I had to get a couple payday loans and they said if we missed a payment then we had to pay the entire amount. 500 isn't a lot but its either rent or its this loan. I'm the only one working and he has been looking for a job for months now. I'm scared.

I went to:
Advance America
Money Tree
Checkmate


I forget the other one. :confused:

Please let us know the state you are in, the amounts you borrowed from each lender, and how much you have paid so we can help you further.

Hi there,
I recently borrowed a $500 loan from CashNetUSA in New Mexico, and will not be able to make the payments coming up, due to loss of employment. What measures should I take at this point to avoid money being deducted that I don't have? Should I change my bank account number?

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And once I have stopped the payments, what should I then do about the loan itself? I had already taken out the loan on an extended pament plan, so should I just default on the loan?

i ordered a pay day loan of 200 dollars from cashnetusa and i won't be able to pay it back on time. i live in california, which does not permit cashnetusa to extend payment options. can you give me any information on what i can do.

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I have 4 paydayloans with a total of about 1600.00 to payoff and that not including interest fees. It's hard to pay them back such as 170.00 everytwo weeks for one, 750.00 for one lump payment for the other, 90.00 everytwo weeks for a payday loan, and 500.00 dollar for the last loan. what should i do because I would like to pay them off as soon as possible.

i have several payday loans i trying to pay off but they are threating me with payment garshing i also changed my bank account and they are still trying to cash checks on a closed account am i liable for them.

Names of pdl's?
Internet or store front?
Your state?

i have abt 6 on line payday loans. i am in louisiana - cannot pay them back due to pay cut at work - can pay on my terms not theres - what should i do? lenders are payday max, cashnetusa,ameriloan, vip, paydayone and forgot the other one - pls help - can they harass me at work?

Check out if these payday lenders are legal in your state. If they are not legal in your state, then you need to pay the principal balance only. The illegal payday lenders won't be able to come after you for the fees or any other extra charges. You should inform them the best time to contact you and ask them to call at that time and not when you're at work.

Hi. I took out two seperate payday loans, my sister was supposedt o help pay off the loans but didtn.. now i am barely paying the minimum due and it is killing me. they are takine 265 dollars every paycheck adn i am a single parent with only this job as support. HELP!!

First of all star a new topic, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.

I work at a payday loan company, to be honest i dont think its the best option, i pay rent,bills etc and socialize, my wage isnt the highest, and i still manage to save something,not much but its there..after a few months it builds up and I have something to fall back on, I sometimes don't understand why other people dont try this!...anyway, I have realised some customers come in and take out more than they can pay back..lets say they are earning ??1000 a month, they will take out a loan of ??500 even though they have rent, bills, etc..they know damn well they cant pay it back! i find it stupid that they take out that amount knowing they cant pay it back...our company now is trying to be more responsible and only loaning 25% of a customers monthly income..like that, the customer has a higher chance of paying back...but seriously, some people should learn to manage their money.. it annoys me cos when its time to receive the money they are all friendly etc.but when its the day to re-pay the loan, they are all pissed off saying were rip offs, why didnt they think about it before???!!

i sure can you your help and some advice on paying this loan back.
their talking about taking to to court. need some advice. me

We're happy to help but need more information in order to help you.


What state are you in? Who's the lender? How much did you borrow? How much have they debited from your account?

I live in Illinois and got a loan from AAA community finance. The loan amount was for $250 which was taken out about a year ago. I have fell on hard times but tried to make it right by paying what I can. Total I have paid $510 but I still owe $297 plus. I am now falling behind on other things and cannot afford to pay this loan anymore. What should I do next?