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.

Zachery Wisely commented on 24-Feb-2018 08:12 AM
Hi. What was the most valuable source when writing this report, you used? I have a project at school that is on a similar topic and I am searching for advice regarding where to begin my research. Thank you for the help! Erica-

test1 commented on 01-Mar-2018 07:12 AM
[...]Here is a Great Blog You Might Find Interesting that we Encourage You[...]…

Post a Comment

Captcha Image

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

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

Finance Blogs
best blogs