New User? Sign Up  |  Sign In  |  Help
ask.
answer.
discover.
Search for questions :
My Profile

tiakamren

Open Question Bookmark and Share

What are the options if I have problems repaying the payday loans ?

Hi, I am in trouble. Due to an emergency I had taken the payday loans from a payday loan lender but now I am in another emergency. I need more money for paying my electricity bills but the lender said that they can’t give me more without repaying the earlier one. Please give me some suggestions that what should I do now?

Posted 38 days ago

    Report Abuse
   Find Intereseting  
   E-Mail to Friends  
   Bookmark  
   Subscribe to Answer Alert  
Answers (1)

joliejoe 		This kind of problem can be occurring if the time goes wrong. It is a simple rule that the lenders will not grant you another payday loan till you don’t clear their previous loans. It’s because these loans are unsecured in nature so they have not that much trust on you. This is why the interest rates are really higher in these payday loans.

Yet the lenders can understand that the financial situations can be precarious and because of this few lenders ask that if you have any problems the contact us as soon as possible. Another thing is before taking the 1500 pounds loan you need to be assured that you can repay it on time and ask all the queries and give the answers honestly. If they have any provisions to extend the repayment date then it will be better by paying some additional cost.

Best of Luck

38 days ago

( 0 )
( 0 )
   Report Abuse
Email this question link to friends
You must enter email-address, if name is entered and vice-versa for each friend.
Friend #1 -
Friend #2 -
Friend #3 -
Friend #4 -
Friend #5 -
Medical Loans | Privacy Policy | Contact