I need to get out of payday loans!!! Help !!!!!?

I have a few store front payday loans, not the online kind. Is there any way to get out of them legally?? Also does anyone know of a way for a person with bad credit to get a loan that does not have a super high interest rate?? Thanks in advance!!!!

I need to get out of payday loans!!! Help !!!!!?

If you default on your payday loans, the lender can take the same action as any other unsecured creditor to enforce a defaulted debt. Generally, their collection efforts will start with telephone calls and dunning letters demanding that you pay the balance of the loan. If the payday loan company refers your accounts to a collection agency, you can usually stop the telephone calls by sending a cease communication demand letter, commonly called a cease and desist notice, to the collection agency. A federal law called the Fair Debt Collections Practices Act (FDCPA) states that third party collectors must stop calling you if you notify them in writing to do so. Several states, such as California and Texas, extend many of the regulations in the FDCPA to cover original creditors as well. To find out more about debt collection laws in your state, visit the Privacy Rights Clearinghouse at http://www.privacyrights.org/fs/fs27plus...

You may be in luck. There are eight states whose payday loan regulating statute requires lenders to set up an installment repayment plan if an account reaches the maximum number of rollovers allowed by law and the debtor declares that he/she is unable to pay the balance due. Check out the payday loan information from the Consumer Federation of America at http://www.paydayloaninfo.org where you will be able to read all about these loans and the various state attempts to regulate them. Follow the 閳ユ笩tate information閳?link to find out the specific regulations for payday lenders in your state, and if you live in one of the eight states requiring installment payments. If your state does require repayment plans, and the lender still won閳ユ獩 accept payments, call your state regulator of payday loans, usually an assistant Attorney General, and complain. You should get the results you want after the Attorney General閳ユ獨 office becomes involved.

If you are not in one of those states, you may want to consider simply making payments to the lender anyway to pay down the balance of the loan over time. In most states, the rollover limit will soon be reached, and the interest rate the lender can charge will be capped by state law. If the lender will not accept your payments, simply put what you can afford aside until you have enough money to either payoff the loan or to offer a settlement. Read up on the regulations in your state to find the best strategy for your situation. For more information on state law terms, please visit http://public.findlaw.com/

Bills.com offers about payday loans on our Payday Loan Information page, available at http://www.bills.com/payday-loans

I need to get out of payday loans!!! Help !!!!!?

Re-loan and pay back $50.00 more each time. Unfortunatly that's the only way...why keep borrowing from Peter to pay Paul? Best of luck.

I need to get out of payday loans!!! Help !!!!!?

No you cannot get out of the payday loan. That's why they have write them a post dated check, bounce that check and you can go to jail. If you screwed up your credit, you will have to pay higher interest rates. Best thing is to make your payments on time and avoid borrowing as much as possible. Paying your bills on time and time is the only fix for bad credit.

I need to get out of payday loans!!! Help !!!!!?

Payday loan is an excellent loan specially when you are in emergency and you don't find anyone to come to help you, but remember I mentioned above that loan should be taken in emergency for a limited time in which you know you have been shorten of cash while after two weeks or a month you are expecting you will get the money from your work or aregular income, so arrange the payment before the due date and if you are not getting any regular income then payday loan is not build for you..

Any how you didn't mention how much personal loan you are willing to get and according to payday loan nature your loan requirement is about 1000 dollars, then don;t go anywhere use your credit card if you have and again if you are expecting any income in between a month then you could enjoy the loan just paying a service fee before the credit card due date bill and you'll get also an oppertunity to pay minimum amonut requirement on the bill but remember it also hold high interest rate on the remaining paid amount but interest rate is less than apayday loan.