http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/comment-page-2/#comment-9834 carlos lizarraga Sat, 25 Jun 2011 20:50:32 +0000 http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/#comment-9834 without a doubt payday loans are a double edged sword.most folks that resort to them have no savings and/or are poor credit risk.so these are the lenders of last resort.you have to be very sure that you will be able to pay back the amount borrowed.i would hazard to guess that if you blow it with these lenders of last resort where will one go after the next emergency pops up?use these loans with extreme caution and only as a last resort.sadly,as the economy continues to deteriorate and more folks lose their jobs,these payday lenders will be a necessary evil.hopefully,microlending will take hold in this country. without a doubt payday loans are a double edged sword.most folks that resort to them have no savings and/or are poor credit risk.so these are the lenders of last resort.you have to be very sure that you will be able to pay back the amount borrowed.i would hazard to guess that if you blow it with these lenders of last resort where will one go after the next emergency pops up?use these loans with extreme caution and only as a last resort.sadly,as the economy continues to deteriorate and more folks lose their jobs,these payday lenders will be a necessary evil.hopefully,microlending will take hold in this country.

]]> http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/comment-page-1/#comment-8561 Sunshine Fri, 18 Mar 2011 19:35:53 +0000 http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/#comment-8561 payday loans are great, and they help in emergencies, but I should not have to pay 1000.00 dollars for a 200 dollar loan, and then be told that the only way that I can pay it back is through direct debit. I had a problem and was unable to pay the loan back on the day specified. I called them and said that I could wire the money wester union or quick collect. I was told that the interest would continue to accrue, and that the only way to pay them back was through my bank account. I am very Thankful for this information. A way out. payday loans are great, and they help in emergencies, but I should not have to pay 1000.00 dollars for a 200 dollar loan, and then be told that the only way that I can pay it back is through direct debit. I had a problem and was unable to pay the loan back on the day specified. I called them and said that I could wire the money wester union or quick collect. I was told that the interest would continue to accrue, and that the only way to pay them back was through my bank account. I am very Thankful for this information. A way out.

]]> http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/comment-page-1/#comment-8550 mary Tue, 15 Mar 2011 03:56:56 +0000 http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/#comment-8550 state i live in pdloans are illegal, but one just across state line was happy to loan to me now bad situation on ss cant pay .legally can they make me pay . wont put on payments .help state i live in pdloans are illegal, but one just across state line was happy to loan to me now bad situation on ss cant pay .legally can they make me pay . wont put on payments .help

]]> http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/comment-page-1/#comment-8114 chrissy Sat, 18 Dec 2010 02:55:39 +0000 http://www.creditinfocenter.com/wordpress/2008/10/31/how-to-get-out-of-payday-loan-hell/#comment-8114 most payday loan companies will NOT tell you this but when your loan is due and you cant afford to pay it back and you think the only thing you can do is re loan....well no that isn't the only thing you can do...tell the payday loan company that you need to set up a payment plan and they will break the amount you owe into 4 -6 payments and that starts the NEXT time you get paid.IT'S THE LAW THEY HAVE TO LET YOU SET UP A PAYMENT PLAN!!!!!!! most payday loan companies will NOT tell you this but when your loan is due and you cant afford to pay it back and you think the only thing you can do is re loan….well no that isn’t the only thing you can do…tell the payday loan company that you need to set up a payment plan and they will break the amount you owe into 4 -6 payments and that starts the NEXT time you get paid.IT’S THE LAW THEY HAVE TO LET YOU SET UP A PAYMENT PLAN!!!!!!!

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