Published on | by Steven Taylor0
Help! Get Payday Loan Companies Off Your Back Off For Good
If you were to go and search into Google for Payday loan help, you would find that it’s every bit as popular as searches for payday loans themselves. For every person that’s had a decent experience with a payday loan firm – and that’s the best you’ll ever get – there has been a trail of individuals left terrified and demoralized by the inappropriate and unprofessional conduct taken by payday companies in the past.
Companies that control finances tend to have a bullying streak about them, and getting help with payday loans can be hard to ask for as it seems like nothing can be done. You took the money from the payday loan company, so they have every right to expect it back, right? Only if they are charging you what you actually owe. This is rarely the case.
Dealing With Payday Loan Companies
The problem with payday loan firms is that they do very little checks on your financial operations or how your credit past looks. At the end of the day, people who borrow money from payday loan companies are usually there as traditional, safe, finance options aren’t available. These easy checks mean that there is an open door policy for those who don’t really have the financial security to take on a loan doing so.
When this happens, things can get ugly. Intimidating letters and threats of various repercussions to unpaid debts can become common, and payday debt soon becomes the only train of thought you can have.
However, there are plenty of ways that you can fight back against this type of intimidation from payday loan companies. Here are just three ways that you can send them spiralling back into the corner, giving you time and space to breath and alleviate the situation your way;
1. Start corresponding with them early
Sending a letter is the easiest way to get a confrontation over with. Payday loan companies presume you are easy prey once the letters begin. Don’t give them the satisfaction! Provide them with a strongly worded letter back asking them to provide you with legitimate proof of the money owed together with an alert to them that you need help restructuring the payments. This can buy you some time while they deal with your request, or it can even get the amount you owe dropped straight down.
If you need help getting a high-end letter together to remind the payday loan company they are dealing with a proud and honest individual, then you can use a variety of tools and templates that you can download easily from here. With a few simple amendments, you can leave them in no doubt of where you stand at the moment!
2. Get professional help
From a lawyer who deals with debt to debt management firms, you can have a professional fight your case. Payday loan companies don’t like the professional types being brought in, as they usually have made some form of oversight along the way.
Get a professional mind to look at the situation for you, and have a debt management company charge head first into the battle. There are one or two excellent debt management firms out there with high win rates against cases like this, so get somebody you trust involved that can really knock some heads together over at the payday loan company.
A good debt management company will charge no upfront fee, and will contact the company your payday loan debt is owed to on your behalf. This is a link to the only one I personally know of that ticks all those boxes. With experience of dealing with these companies and expert knowledge of regulations and rights, they can halt all threats and unnecessary contact, and help create a much more manageable situation in which you will finally be able to successfully pay back your loan.
You never know, they might get you a hugely reduced debt payment plan, or have it all scrapped together! Depending on how serious the debt is and how it has been handled, you can sometimes get a complete win from the resulting cases that come up.
3. In some circumstances you may wish to stop the payments
In the meantime, while you get the issue resolved maturely, you can stop the payments from being taken from your bank. Some payday loan companies just help themselves and can leave you absolutely broke, even on payday. Go to your bank and tell them to stop the transactions from coming into your bank, and you can then develop a plan of attack from there with the professionals that are on your side.
One thing is for sure, though. You need to be in there with a letter, telling payday loan companies how the situation has unfolded and how unhappy you are. Fight your case – just because they have a reasonable reputation in the lending business does not mean you should allow yourself to be tread upon. Get involved with any kind of action that you can and put them out of your life for good!