Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles

How To Stop Payday Loan Harassment By Payday Loan Companies

It's probably not one of the best things to do when you are having money problems, the payday loan, but if you have done it and find yourself in a mess with one of those payday loan companies, you may find out quick that they are not as friendly when they want their money back. The minute you can't pay this back they will waste no time in beginning the harassing calls. Here is some advice on what to do if you find yourself in this kind of a situation.

The first thing you should do without hesitation is to talk to the manager of the place and see if you can extend the terms of the loan. Usually these types of loans need to be paid back in two weeks. However, if you can't manage to do that then you may be lucky and the manager may be willing to extend the due date for you. You will pay an extra fee but it will be better than them calling you on the phone harassing you.

Another thing you could do, and you may not want to, but, borrow the money you owe from a close friend or relative. These types of loan companies are far more persistent than other companies. The best way you are going to be able to get them to leave you alone is to pay the loan off. Then when you get the money from your friend or relative get the payday loan paid off immediately. Also, don't take forever to pay your friend or relative off either.

Another thing that you can do is to send them a “Cease Calling” or “Stop Calling Me” letter. According to the Fair Debt Collection Practice Act, all consumers do have the right to stop those harassing calls. This includes all creditors, even payday loan. By law, once they receive this letter they have to stop calling you. However, they still can contact you by mail. But that's better than those horrible phone calls.

You should also keep record of any phone calls that might be threatening. If they leave nasty and threatening messages on your answering machine or voicemail, don't delete them make sure to save them. You can use these against them if it ever goes to court.

Do your best to send them any amount of money in order to get the loan paid off. Remember these kinds of loans incur interest on a daily basis so do your best to get rid of this loan. If you pay something it will be better than paying nothing at all because it will buy you some time and will put a stop to the calls. They shouldn't call if you are at least sending in payments.

Post has no comments.
Post a Comment

Captcha Image

creditors borrow money interest rates gambling debts hobbies government assistance credit card help paycheck info bad debt personal finance job loss spending losing your job control spending pay off debt Consolidation Company debt traps monthly budget repayment plans medical bill credit company ongoing bills credit repair more income credit scores payday loan companies repay loans savings account interest rate mortgage payments installment plans professional emergency savings account paycheck management tips illness flat broke education court appearance credit accounts consumer lawyer down payment invest money taking responsibility whole family household items assets bad financial decisions help software savings check card asset info receipt child spending credit score debt management mistakes family assistance debt management tips unexpected expenses credit cards Chapter 13 understanding unemployed credit reports secured loan debt consolidation restrict spending original creditor good budget domestic support bills monthly payment loans full details children saving family budget common debt traps need money home equity unsecured loan reduce debts cancer mortgages great budget candidate phone calls chapter 7 overspending debt problems credit limit budget sheet piling debts purchases rent payments utility payments debt debts order report budget ideas debt relief debt programs cash credit rating income good credit house loan great budget ideas medical bills bankruptcy payday loan installment plan debt free save money debt collector help careful handling low interest understanding home equity checks cash card loan agents negotiate debit card groceries fly-by-night live your life credit card debt injury trusted friends borrower live within means debt consolidation loans debt collectors debt company debt management new job debt consolidation medical debt specific budget categories part time job modified payment plan common debt classify bills second job ill health child support debt management advice bad debt management rebuild good credit less money total balance lending company teaching children finance account interest lending companies bank accounts tax info cable bill liability paying out debt security budget credit monthly bill insurance extra payments help with debt high interest rate paying bills loss of income salary management program credit report tracking money child support loan lose your job insurances take control of debt internet good credit rating legal action own money become free account fees budgeting debt management advice good debt credit companies discounts deb consolidation sickness investing school jobs credit card company extra money social services gambling problem saving saving money credit card prioritizing learning experience loan amount debt relief agency telephone bills debt collection agency building debts deals in writing bank credit line debt payment period filing bankruptcy purchase protection honesty loan harassment children budget younger children overbearing bills personal finances debt settlement account charges finances expenses pay off bill visualization short sale financial security monthly payments losing a job unreasonable expectations home debts allowance worksheet credit history your rights implement a budget credit bureaus credit card companies checking account repay overcharging financial education payment frequency initial research borrowing regain control debt solution seperate accounts making payments stop harassment hospital spend money car loan interest interest payments get out of debt payment behavior home equity loans good credit record negotiation handling money budget categories money credit card traps comfortable living loan companies past bad debt charitable organisation doctors credit checks buying a house back support managing debt introductory offers

Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs