PayDay Loans-Help! myFICO® Forums

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PayDay Loans-Help! myFICO® Forums

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PayDay Loans–Help!

So, I’ve gotten myself into a goopy mess with some payday loans. you know, the loans that will tie you over until payday but in the meantime charge you obscene interest! Well, I’m in a rut. I have Three of them! And the interest is hurting me–I can’t pay off the entire thing because I’m paying interest on Three of them at once. each payday!. I have other debt that is truly affecting my credit score, but with paying these loans’ interest I don’t have the extra funds to commence in on those. Help! Any advice is appreciated.

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Re: PayDay Loans–Help!

One idea might be to get a credit card that permits balance transfers with a low interest and transfer the Trio to that card. That would give you 1 payment at a lower interest rate.

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Re: PayDay Loans–Help!

I feel your agony. I truly do. It wasn’t that long ago that I was in your situation. My individual belief is that payday loan sharks are the scum of the earth. I believe they are the root of predatory lending.

Back to your subject at forearm. I’m sure you did sign some contracts agreeing to these terms. If there is any way at all you can embark paying down the principle then do it. It may take some cutting back in your lifestyle. Cut in any areas you can. Beans rice and tunafish can keep you healthy! If you have cable, or anything that you can live without for a few months. cut it back.

Many people on this site will disagree with me on this point of view. If you have done everything that you can. (That means asking family for a loan, cutting back non essentials) I recommend default. You have to eat. You have to pay your rent or mortgage and you have to make a car payment if you have one. These are all things significant to your health and your job. Not making any of these payments will put you in a worse spot than you are in.

If you do default on these loans, be ready for a world of hurt and abjection. Payday companies will call anyone they can to humilate you into paying your loans. (Your parents, family, work) Again, I don’t recommend this option since you did sign a contract. On the other side I don’t feel bad for these companies when they get stiffed because they build a certain amount of default protection into the 500% apr they charge you for a few 100 bucks.

I hope this helped. Do the best thing for yourself and your family. Make yourself a promise today that once you get out of this mess you will never get yourself back in. Keep your head high and in one year you will look back on this mess a stronger person!

PayDay Loans-Help! myFICO® Forums

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PayDay Loans–Help!

So, I’ve gotten myself into a goopy mess with some payday loans. you know, the loans that will tie you over until payday but in the meantime charge you obscene interest! Well, I’m in a rut. I have Three of them! And the interest is hurting me–I can’t pay off the entire thing because I’m paying interest on Trio of them at once. each payday!. I have other debt that is truly affecting my credit score, but with paying these loans’ interest I don’t have the extra funds to embark in on those. Help! Any advice is appreciated.

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Re: PayDay Loans–Help!

One idea might be to get a credit card that permits balance transfers with a low interest and transfer the Three to that card. That would give you 1 payment at a lower interest rate.

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Re: PayDay Loans–Help!

I feel your agony. I indeed do. It wasn’t that long ago that I was in your situation. My private belief is that payday loan sharks are the scum of the earth. I believe they are the root of predatory lending.

Back to your subject at arm. I’m sure you did sign some contracts agreeing to these terms. If there is any way at all you can commence paying down the principle then do it. It may take some cutting back in your lifestyle. Cut in any areas you can. Beans rice and tunafish can keep you healthy! If you have cable, or anything that you can live without for a few months. cut it back.

Many people on this site will disagree with me on this point of view. If you have done everything that you can. (That means asking family for a loan, cutting back non essentials) I recommend default. You have to eat. You have to pay your rent or mortgage and you have to make a car payment if you have one. These are all things significant to your health and your job. Not making any of these payments will put you in a worse spot than you are in.

If you do default on these loans, be ready for a world of hurt and abasement. Payday companies will call anyone they can to humilate you into paying your loans. (Your parents, family, work) Again, I don’t recommend this option since you did sign a contract. On the other side I don’t feel bad for these companies when they get stiffed because they build a certain amount of default protection into the 500% apr they charge you for a few 100 bucks.

I hope this helped. Do the best thing for yourself and your family. Make yourself a promise today that once you get out of this mess you will never get yourself back in. Keep your head high and in one year you will look back on this mess a stronger person!

PayDay Loans-Help! myFICO® Forums

FICO ® Ultimate 3B

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FICO ® Essentials 1B

1-Bureau FICO ® Scores & Credit Monitoring

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FICO ® Score 1B Report

1-Bureau Credit Report & FICO ® Scores

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  • PayDay Loans–Help!
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PayDay Loans–Help!

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PayDay Loans–Help!

So, I’ve gotten myself into a goopy mess with some payday loans. you know, the loans that will tie you over until payday but in the meantime charge you obscene interest! Well, I’m in a rut. I have Trio of them! And the interest is hurting me–I can’t pay off the entire thing because I’m paying interest on Trio of them at once. each payday!. I have other debt that is truly affecting my credit score, but with paying these loans’ interest I don’t have the extra funds to embark in on those. Help! Any advice is appreciated.

  • Mark as Fresh
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Re: PayDay Loans–Help!

One idea might be to get a credit card that permits balance transfers with a low interest and transfer the Three to that card. That would give you 1 payment at a lower interest rate.

  • Mark as Fresh
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
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Re: PayDay Loans–Help!

I feel your anguish. I indeed do. It wasn’t that long ago that I was in your situation. My individual belief is that payday loan sharks are the scum of the earth. I believe they are the root of predatory lending.

Back to your subject at forearm. I’m sure you did sign some contracts agreeing to these terms. If there is any way at all you can commence paying down the principle then do it. It may take some cutting back in your lifestyle. Cut in any areas you can. Beans rice and tunafish can keep you healthy! If you have cable, or anything that you can live without for a few months. cut it back.

Many people on this site will disagree with me on this point of view. If you have done everything that you can. (That means asking family for a loan, cutting back non essentials) I recommend default. You have to eat. You have to pay your rent or mortgage and you have to make a car payment if you have one. These are all things significant to your health and your job. Not making any of these payments will put you in a worse spot than you are in.

If you do default on these loans, be ready for a world of hurt and abasement. Payday companies will call anyone they can to humilate you into paying your loans. (Your parents, family, work) Again, I don’t recommend this option since you did sign a contract. On the other side I don’t feel bad for these companies when they get stiffed because they build a certain amount of default protection into the 500% apr they charge you for a few 100 bucks.

I hope this helped. Do the best thing for yourself and your family. Make yourself a promise today that once you get out of this mess you will never get yourself back in. Keep your head high and in one year you will look back on this mess a stronger person!

PayDay Loans-Help! myFICO® Forums

FICO ® Ultimate 3B

3-Bureau FICO ® Scores, Credit & Identity Monitoring

FICO ® Essentials 1B

1-Bureau FICO ® Scores & Credit Monitoring

FICO ® Score 3B Report

3-Bureau Credit Report & FICO ® Scores

FICO ® Score 1B Report

1-Bureau Credit Report & FICO ® Scores

  • myFICO® Forums
  • >
  • Bouncing Back from Credit Problems
  • >
  • Rebuilding Your Credit
  • >
  • PayDay Loans–Help!
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PayDay Loans–Help!

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PayDay Loans–Help!

So, I’ve gotten myself into a gooey mess with some payday loans. you know, the loans that will tie you over until payday but in the meantime charge you obscene interest! Well, I’m in a rut. I have Three of them! And the interest is hurting me–I can’t pay off the entire thing because I’m paying interest on Trio of them at once. each payday!. I have other debt that is indeed affecting my credit score, but with paying these loans’ interest I don’t have the extra funds to commence in on those. Help! Any advice is appreciated.

  • Mark as Fresh
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
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  • Report Inappropriate Content
Re: PayDay Loans–Help!

One idea might be to get a credit card that permits balance transfers with a low interest and transfer the Trio to that card. That would give you 1 payment at a lower interest rate.

  • Mark as Fresh
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Email to a Friend
  • Report Inappropriate Content
Re: PayDay Loans–Help!

I feel your anguish. I truly do. It wasn’t that long ago that I was in your situation. My private belief is that payday loan sharks are the scum of the earth. I believe they are the root of predatory lending.

Back to your subject at arm. I’m sure you did sign some contracts agreeing to these terms. If there is any way at all you can begin paying down the principle then do it. It may take some cutting back in your lifestyle. Cut in any areas you can. Beans rice and tunafish can keep you healthy! If you have cable, or anything that you can live without for a few months. cut it back.

Many people on this site will disagree with me on this point of view. If you have done everything that you can. (That means asking family for a loan, cutting back non essentials) I recommend default. You have to eat. You have to pay your rent or mortgage and you have to make a car payment if you have one. These are all things significant to your health and your job. Not making any of these payments will put you in a worse spot than you are in.

If you do default on these loans, be ready for a world of hurt and abjection. Payday companies will call anyone they can to humilate you into paying your loans. (Your parents, family, work) Again, I don’t recommend this option since you did sign a contract. On the other side I don’t feel bad for these companies when they get stiffed because they build a certain amount of default protection into the 500% apr they charge you for a few 100 bucks.

I hope this helped. Do the best thing for yourself and your family. Make yourself a promise today that once you get out of this mess you will never get yourself back in. Keep your head high and in one year you will look back on this mess a stronger person!

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