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.



Comments
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






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



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

Finance Blogs
best blogs