Share post
Debt Consolidation Forums Payday Loan help forums

Can I stop interest payment on a legal payday loan for 2 months in this situation?

member profile picture
Posts: 1
Credits: 0
[Donate]

I had taken out a payday loan that is legal in my state. Can I request to stop the interest payments for about 2 months without paying extra?





Hello Harrish!

As you have taken a legal payday loan, you may ask for halting your interest payments to the payday lender.

I hope, it will work.

Sub: #1 posted on Mon, 07/06/2020 - 04:11

Ryan Miller Ryan Miller

(Posts: 160 | Credits: )

Yes. You can request them to stop the interest payments. In most states, governments have requested lenders and creditors to provide relief programs to borrowers. Some of them are allowing borrowers to stop making payments for 2 months or so. In that respect, you can also request them. But I have a strong doubt if they will forgive your interests for 2 months.

Sub: #2 posted on Mon, 07/06/2020 - 04:28

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

From next time, think twice before taking out a high-interest payday loan. Why don't you opt for other options instead.

Sub: #3 posted on Tue, 07/07/2020 - 05:46

Mabelle Page Mabelle Page

(Posts: 275 | Credits: )

I was in payday loan debt and got help from a great company. They were very knowledgeable and did a great job saving me money and helping me pay all my payday loans off. HarrisGoldbergFinancial.com was the company. Hope this helps.

Sub: #4 posted on Thu, 07/09/2020 - 18:30

Unregistered


I think you can request for it. You can also ask for the extended payment plan.

Sub: #5 posted on Fri, 07/10/2020 - 05:45

sanderspatricia29 sanderspatricia29

(Posts: 1234 | Credits: )

The CARES Act has not provided any relief for unsecured loans during this pandemic. So, talk to your lender about your financial hardship and request to stop the interest payments for about 2 months without paying extra.
If your lender doesn't accept, you can consolidate your payday loans and get rid of them with ease. Read https://www.debtconsolidationcare.com/merge-payday.html to know more!

Sub: #6 posted on Sun, 07/12/2020 - 21:56

Craigh.terry Craigh.terry

(Posts: 216 | Credits: )

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


Page loaded in 1.670 seconds.