5 Payday Loans, Please Help
Date: Mon, 07/12/2010 - 12:03
I have contacted the corporate offices of all these lenders and have had no luck. I want to pay I just need options. PLEASE HELP, We can no longer afford this!
Check N Go (Internet)
$500 Loan
$120 Interest
Advance America (Storefront)
$500 Loan
$102 Interest
Advance America (Storefront)
$500 Loan
$102 Interest
Quick Cash (Storefront)
$800 Loan
$200 Interest
Quick Cash (Storefront)
$900 Loan
$250 Interest
Check the link below to see if any of your lenders are members o
Check the link below to see if any of your lenders are members of the CFSA (http://www.cfsa.net/MemberList.aspx), I'm pretty sure they are, and even if they aren't listed they still may be, you will need to call and ask.
Next, ask them for an extended payment plan, they won't tell you about it, you have to ask for it, see the link below to read about the extended payment plan:
http://www.cfsa.net/public_education_campaign/guidelines/guidelines_extended_payment_plans.html
The problem with pay day loans is that they grow out of proporti
The problem with pay day loans is that they grow out of proportion with the blink of an eye. Although payday loan lenders seldom agree to lower their interest rates or go for any settlement plan, a constructive approach may help you to find some options for repayment.
First, contact all the 5 lenders and if possible, talk to the top-most officer. Tell them about your financial position and ask them if they can offer you any hardship program. You can also request them for an extended repayment term. Although payday lenders look to make maximum profit from each and every borrower, they also try to salvage agreements with borrowers who are sincere with their repayments.
You can also wait for the payday loan to go to the collections. If it does, you might be able to settle your debts with a debt management program.
