Will they forgive my payday loan?
Date: Fri, 07/03/2009 - 12:58
I was thinking about contacting their coorporate office and explaining my financial situation and that I just can not keep up. DO you think they will just cancel my loan?
I also have 2 other payday loans that are about the same age, same amount, same situation, again having paid them over 2000$ in finance charges. These companies are CheckMate and Quik Cash.
Has anyone had success in gretting a payday loan company to forgive a debt when they have paid such excess finance fees?
Ask them for the EPP (Extended payment plan), that will allow yo
Ask them for the EPP (Extended payment plan), that will allow you to pay off these loans in four seperate payments and the interest stops. Ask them if they are members of the CFSA (I think they are). Read about extended payment plans at the link below, number 11.
http://www.cfsa.net/industry_best_practices.html
Advance America is a member of the CFSA. As for getting them to
Advance America is a member of the CFSA. As for getting them to forgive your loan, unless there is more to the story I would highly doubt that they will forgive. Good luck.
Thanks for the replies. I am going to do the EPP. If my loans ar
Thanks for the replies. I am going to do the EPP. If my loans are for 500 each, what type of EPP can I expect? Do I need to talk with the manager? Can I call or should I go in?
Manager should be able to help, but you may want to call Corp.
Manager should be able to help, but you may want to call Corp. The EPP will be 4 equal payments.