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Paying off 5 payday or installment loans

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I need information about what I can do to pay off my installment or payday loans. I have 5 and I am in over my head. I have a $366 car payment on top of my other obligations. Please advise as to any options I might have.




Hi Cathy! The first thing you need to do is list the names of the lenders for the 5 loans, the amount, and how much you have paid. If the lenders are illegal, then you are only obligated to pay back the principal amount. Also if the lenders are illegal, then you will need to follow the "Illegal lenders" sticky in this forum to revoke ACH and EFT authorization. You will need to work out a payment arrangement with any legal lenders because you owe the principal amount plus interest. I hope this helps!

Sub: #1 posted on Wed, 07/26/2017 - 15:54

WB WB

(Posts: 28 | Credits: 3.05)

In which state do you live in? Are the payday lenders legal in your state? Please mention the name of the payday lenders here,

Regarding car payment, talk to the lender to extend the payment date or you can refinance the loan. Don't be late; otherwise, the auto lender may take the repossession of your car.

Sub: #2 posted on Wed, 07/26/2017 - 18:39

sanderspatricia29 sanderspatricia29

(Posts: 696 | Credits: 72.88)

Sub: #3 posted on Thu, 07/27/2017 - 11:39

SC SC
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(Posts: 3937 | Credits: 398.71)

Yes you can ask your lender to extend car payment term, or may be you can go for a refinance.
As Patricia suggested, plz mention your payday lender names...

Sub: #4 posted on Mon, 07/31/2017 - 10:42

Barbara Delinsky Barbara Delinsky

(Posts: 312 | Credits: 31.07)

Silver Cloud, Spot Loan and Lend-Up are they legal in Alabama?

Sub: #5 posted on Mon, 08/14/2017 - 22:32

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