Before I even begin to answer I just want to say, I don’t know how much debt we are talking about here or what your current situation is, but if things are that bad you need to seek the help and advice of a good credit counselor or possibly even a lawyer….
When you took a payday loan you signed an agreement that allows the lender to access your wages for failure to pay once they have allowed you adequate time for repayment.
Don’t let the loan go unpaid no matter how hard it will be to repay. In most states payday loans are charged at what is called the “usury” rate, or maximum rate allowed. (In NJ it is around 28%)
Call them and make what ever arangements you can to repay. They are only going to take the money anyway.
A tele-check is a way for any merchant to accept a check over the phone. They get some basic info about your checking account and they can draft the payment electronicaly, with your concent of course. I STRONGLY ADVISE AGAINST YOU EVER ALLOWING A CREDIT COLLECTION AGENCY ACCESS TO YOUR CHECKING INFORMATION!!!
Before I even begin to answer I just want to say, I don’t know how much debt we are talking about here or what your current situation is, but if things are that bad you need to seek the help and advice of a good credit counselor or possibly even a lawyer….
When you took a payday loan you signed an agreement that allows the lender to access your wages for failure to pay once they have allowed you adequate time for repayment.
Don’t let the loan go unpaid no matter how hard it will be to repay. In most states payday loans are charged at what is called the “usury” rate, or maximum rate allowed. (In NJ it is around 28%)
Call them and make what ever arangements you can to repay. They are only going to take the money anyway.
A tele-check is a way for any merchant to accept a check over the phone. They get some basic info about your checking account and they can draft the payment electronicaly, with your concent of course. I STRONGLY ADVISE AGAINST YOU EVER ALLOWING A CREDIT COLLECTION AGENCY ACCESS TO YOUR CHECKING INFORMATION!!!
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