Share post
Debt Consolidation Forums Payday Loan help forums

Is there any way I can reduce the payday loan interest rate?

member profile picture
Posts: 1
Credits: 0

Is there any way I can reduce the payday loan interest rate if i'm not able to make the full payment with my next paycheck?

There's no harm in requesting for a reduction in the interest rate.
However, you can opt for professional help if you want to get rid of your legal payday loan.

Sub: #1 posted on Fri, 12/30/2016 - 02:20

Good Nelly Good Nelly
Industry Expert
(Posts: 2718 | Credits: )

As soon as you realize that you may not be able to pay the amount you owe, talk to your lender and explain the reason. Most of the lenders are willing to negotiate. So, negotiate with your lender properly and make him realize why you are unable to pay back the higher interest rate. You may get the best answer.

Sub: #2 posted on Fri, 12/30/2016 - 04:02

sanderspatricia29 sanderspatricia29

(Posts: 981 | Credits: )

If the payday lender is a democrat, he'll not reduce your rates. But, if he's a republican, he'll hike it.

Sub: #3 posted on Tue, 01/10/2017 - 23:17

paulcahill80 paulcahill80

(Posts: 2359 | Credits: )

More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.

Page loaded in 0.778 seconds.