Can't afford repayment payday loan -- HELP
Date: Thu, 02/27/2014 - 12:28
Currently I have a loan with check city (legal payday lender)... I defaulted on them once and they were able to arrange a repayment plan for me which a paid off consistently and without exceptions making monthly affordable payments for 8 months.
Now, I defaulted again but they want me to pay 20% of the total loan plus accrued interest, and want me to pay in 3 months the rest of the money, the problem is that I can't afford those payments. They are even higher than the installment payments that I had when the loan was current.
I need help, what can I do?
Marta,
Las Vegas.
Now, I defaulted again but they want me to pay 20% of the total loan plus accrued interest, and want me to pay in 3 months the rest of the money, the problem is that I can't afford those payments. They are even higher than the installment payments that I had when the loan was current.
I need help, what can I do?
Marta,
Las Vegas.
You have to get in touch with
You have to get in touch with their corporate office and explain your situation. This should provide you the opportunity to arrange a payment plan that you can afford.
Depending on how much you owe
Depending on how much you owe, if they are legal, they could take you to civil, not criminal court. I would ask Corporate if you could go back to the original terms of your repayment, since that seemed to work for you.