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How do I negotiate with legal Payday loan companies

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In a nutshell, I have 4 legal payday loans ranging from 300-1400. Well Check n Go online is 1,391 and they want to setup a payment arrangement however I am really flat broke. I can't afford their $600 a month payment plan, I can't even afford 1/2 of that right now.

How can I negotiate a reasonable payment plan with them that won't put me back in the same broke position with not even being able to buy food for me and my family?

Family has been trying to talk me out of filing bankruptcy but I have no other discourse or solution. Please Help soon.




Check-n-go is a licensed lender. You owe them both the principal and interest. You may try to negotiate with them. But it fully depends on their discretion whether or not they will agree for the reasonable payment plan. You may try to get help from your friends and family members. Your legal lenders can sue you because of nonpayment of debt. If you can’t afford to pay at all, then filing bankruptcy is your only option.

Sub: #1 posted on Wed, 09/18/2013 - 17:50

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