What is a 30 Day Payday Loan
A 30 day payday loan gives you 30 days to repay the loan which starts from the moment that you borrow money. Payday loans are short term loans that are paid back when you receive your next paycheck. Most people are actually paid weekly or biweekly, so many payday loans are structured around this time period. It is possible to get a 30-day payday loan, but keep in mind that you will be paying more in fees for a longer term.
Payday loans have fees attached and – Read more
Problems Paying Back a Payday Loan
If you are struggling to pay back your payday loan then there are ways that you can tackle this problem.
Contact Your Payday Lender
If you find that you need help with a payday loan then just know that you are not alone. It is important that you contact your payday lender.
They need to treat you fairly and allow you a reasonable amount of time to repay the loan. This could include freezing the interest and suspending charges or suspend the – Read more
What are Loan Modifications?
Loan modifications are charges to your loan agreement. Your payments will become more affordable and you will not have to default ion your loan. The banks offer loan modifications, as it is easier for them to work with you rather than chase you.
If you stop making your payments, then the bank has a few options in front of them. The bank can try and repossess your property like your home, they can try and collect with a bank levy or through a wage garnishment, – Read more