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Cannot pay back payday loans - what next

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what do you do when you know you cant pay back a payday loan...who do you contact?


Welcome to the forums! You need to contact the issuer of the loan. Ask to speak to a manager if need be. Explain the situation to them, and why you are not able to pay back the loan. In most cases, they may be willing to work with you. Other payday lenders do not care, and will attempt to hit your account (possibly even two times) and make you incur NSF fees with your bank. If you feel you're going to lose money regardless, perhaps you shoudl change yoru account number, and work out an alternate payment method with them.

Remember that payday loans are only meant to be for extreme emergencies, and only a short loan with high interest. These should only be taken with the intention of paying back within one week. We all understand that mistakes happen, and other things come up...but payday loan companies are only out there for one thing, and that's to make money off us.


Sub: #1 posted on Thu, 03/02/2006 - 06:02

Teleport Teleport

(Posts: 1388 | Credits: 401.89)

I also got trapped in the payday loan he**. This place is great. The people on here are very knowledgable and they sure made me feel better.

Sub: #2 posted on Thu, 03/02/2006 - 06:03

landrylou landrylou

(Posts: 310 | Credits: 90.11)


We're glad you can feel comfortable now. This forum has been help to many, and it appears that it's helping many others as they come across it. Everyone has something to share; and we can not only learn from our mistakes, but quite possibly theirs too.


Sub: #3 posted on Thu, 03/02/2006 - 06:41

Teleport Teleport

(Posts: 1388 | Credits: 401.89)

Help, we really got into a trap and need help badly, I have 2 $600 and so does my husband.....I also have a 1 years $750 loan, We cannot get out from under the weekly ones. can you help us?

Sub: #4 posted on Mon, 11/05/2007 - 00:04


Sue...can you give us some more info...?? Please list the names of the payday lenders/whether they are iternet or store front/how much you borrowed and how much has been paid back including fee's. Also we need to know what state you are in.

Sub: #5 posted on Mon, 11/05/2007 - 00:34

Morningstarr430 Morningstarr430

(Posts: 2329 | Credits: 410.29)

I have had a loan with check n go (Texas) for 2 years now. I swear they are the devil! I pay $200.00 every 2 weeks to roll over the loan because I am never able to pay back the 1000.00 that I originally borrowed. At check n go, you cant buy your loan down, they don't do that, you can only pay fees and roll the loan over. I have very poor credit and can't get a personal loan anywhere to be able to pay them off. Is there any advice on how to get out of this hell??? I am about ready to just close my checking account and stop paying them. I know, I know, that is the worst thing to do, but I am sick of it!

Sub: #6 posted on Fri, 12/28/2007 - 03:48


Check n Go is a CFSA member. This means that they must offer you an extended payment plan. You would have to pay the loan off in 4 equal payments. This must be asked for at least 1 day before your loan is due.

Sub: #7 posted on Fri, 12/28/2007 - 04:03

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.91)

I would call the company that issued the PD. They might be able to extend your date or something. Good luck to you!

Sub: #8 posted on Fri, 12/28/2007 - 07:15

Amanda Sullivan Amanda Sullivan

(Posts: 172 | Credits: 35.23)

i got a payday loan a while back ago and was not able to pay it back due to medical problems i had and was not able to work. i've tried explaining that to the lender but that didn't help. i am constantly getting threatening phone calls from them everday.. i dont know what to do anymore..can someone help?

Sub: #9 posted on Wed, 04/16/2008 - 08:14


please help i have two payday loans one with ace and its due tomorrow i can not pay them though its either i pay them or my car gets repoed i dont know what to do any suggestions ive already used all of my re newels is there something else offered

Sub: #10 posted on Fri, 03/27/2009 - 11:42


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