Question by Anne B: How do you get out of the cycle of payday loans?
I got behind on some bills, and was helping my daughter out financially, now I am stuck in the payday loan cycle…I have terrible credit so it was one of my only options, I keep having to get another “loan” to pay on the “loans” I have! HELP!!!!!!
Best answer:
Answer by acermill
Your first error was ‘helping your daughter financially’. You were obviously in no position to do so, and should have said ‘NO’ when she asked. Meanwhile, the only way out of the cycle is to come up with enough cash to pay it off in full. Not a pretty situation.
Learn to handle your own finances before you think you need to help a daughter.
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Question by Karrie M: Where do I need to go to find help with consolidating payday loans?
I have taken out too many payday loans and now I am having problems paying them all back and paying my bills at the same time. I am now late on most of my bill because of the payday loans…..please help!!!
Best answer:
Answer by Sean
Nothing you can do to consolidate them. Pay day loans are designed so if you don’t pay it off in full then they accumulate interest at a very high rate. They basically design them so that you take your first one out, then you have to pay it back, but you need more money so you take another one out and so on. It’s a vicious cycle… I’d say take out a small personal loan from a bank to pay them off that way you can consolidate them into the one loan…but banks are not really lending out money right now… Sorry…
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Question by brenda e: What if I lose my job and have payday loans?
I have payday loans and have lost my job and my bank account has been closed. What can they do to me?
Best answer:
Answer by tro
they will turn it over to a collection agency and it will probably cost you more
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Question by : Have several online payday loans, any legitmate companies to itemize payments?
Worst mistake ever, have many online payday loans that husband did. I have a real mess, so far the pay day loan places I have called are not willing to take parcial payment and will charge each time they dont get payment. I closed my checking account. I know really stupid thing to do but now I am in a real mess. Any suggestions helpful besides telling me how stupid I was.
Best answer:
Answer by Shellay Brown
I find it hard to believe that the lenders are not willing to work with you on some sort of payment plan, try calling back and see if they have a collections department and if they do speak to a supervisor in that the department, be honest with them and let them know that you want to pay it off but have to be able to do it within your means, if they are a good lender the will take some sort of payment plan. Trust me, they want that loan paid off as much as you do, but that’s so they can get you to re-loan again. Also, don’t get anymore loans until all of your loans are paid off otherwise you are just going to make things worse, if you need cash now try to borrow some money from family and friends to help out instead of getting another loan. Good luck to you and hope things work out for you.
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Question by project_dj: Can payday loans be helpful with redundancy?
I have a few payday loans out at the moment which are due to be paid at the end pf the month. However i was made redundant last month and really going to struggle to pay them this month and was wondering if they would help me with this or if there were any good debt companys that could help me ?
Best answer:
Answer by ?infiniti?
If you don’t have a job, payday loans will only get you even deeper into debt.
Bad idea. Instead try to borrow the money from friends or relatives, Sell something that you no longer need. In other words, anything but a payday loan.
Hope you find another job real soon.
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Question by Doriene: Does anyone know of any payday loans that deposit fund s in a metabank account?
Does anyone know of any payday loans that deposit fund s in a metabank account?
I have a Metabank Account. Which is a AccountNow account. I need to take out a Personal Loan or Payday loan. But i I need a lender who deals with prepaid account even though i have my payroll check direct deposit in to this account.
Can someone help me..
Best answer:
Answer by kasie
hi
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Question by smokum: why payday loans not showing up on credit report?
My wife and I are filing bankruptcy and pulled up both our credit report and none of our payday loans show up and we had at least 3 payday loans each. It’s been like 4 years since those PDL and now I don’t remember where we got most of them from. Not sure where to get the information from so I can list it on our bankruptcy.. Telecheck??? Will it show all PDL?
Best answer:
Answer by Huntsman
There are 3 credit reports. Not just one
Sometimes collection agencies only report to one since it costs money to report.
Sounds like you got scammed and paid for your report and score from an ad
Reports (all 3) are 100% free once a year. No card required.
Get the other 2 reports at
Annual Credit Report.com
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Question by Sunfire03: I want to see if I can get a loan from Prosper to pay off my Payday loans. Is Prosper OK?
I am caught in a Payday loan nightmare. My credit will not allow me to get a personal loan. I was reading about Prosper, person-to-person loan, hoping and praying that someone would help me get out of this pit called Payday loans.
Best answer:
Answer by bdancer222
Well the interest rate at Prosper will be a whole lot less than that payday loan. But you may not get a loan at Prosper either. If your credit is too bad to get a personal loan, people at Prosper may not be willing to take the risk with you.
Instead of looking for another loan, consider other ways to come up with cash. Have a garage sale, sell blood/plasma, collect alum cans, get a second job …
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Question by Jeremy b: What happens if you don’t pay on one of those payday loans?
My mom got 3 payday loans to pay for car repairs now she pays 1000 a month just to those 3 and cannot afford any of her other bills. She is on somewhat of a fixed income and I need to help her to stop her from working to death. I have told her just to stop paying them and let them take you to court? Is this good advice?
Best answer:
Answer by PartyAnimal21
Maybe call the cops and hunt you down or sumething. But explain to them why.
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Question by Mary S: I need help getting out of payday loans?
I got myself into a big mess with payday loans. I am falling behind on my other bills due to this. Anybody no of anyway to get help out of this type of situation?
Best answer:
Answer by Doug Kaplan
Well your other bills and food bills are more urgent. Close your bank account and when they call you work out arraignments with them. I believe it’s a civil not a criminal matter.
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