Tuesday, December 11, 2012

Tips To Stop Payday Loan Calling

Truth be told, payday loan companies aren't allowed to harass you, your friends, family or work place, regardless if you failed to make repayment. If you unfortunately signed up with a company that doesn't respect their customers, than you may find yourself battling payday loan lenders on the phone. It's unfortunate but it can happen, so all you can do is be prepared if you fall victim to this. Here is the easiest way to immediately put a stop to those payday loan companies consistently calling you, whether you failed to make repayment or they're trying to entice with a loan offer.

The first and most important way to deter a lender from calling you on a frequent basis is to pay off your payday loan when required. Don't give them a reason or need to call you. This is certainly your best option because having your phone ring off the hook from the company won't be the worst of your problems if you fail to make repayment. You should always know that you can absolutely, without a doubt meet the required repayment date on a loan, prior to getting it.
If you are a little bit far past the first tip then you should speak with the payday loan company in an honest and professional manner. You may not want to talk to the person calling you because of the possibly that they are working under someone else's demands. Instead, call the company directly and ask to speak with a manager or someone with authority. Explain your situation, and most importantly, let them know that you are going to pay back the loan! After all, this is why they're calling you non stop, right?

If you're able to arrange a payment date with someone of authority from the previous tip, do it! However, just make sure that you won't skip out on that date as well. That's simply adding fuel to the fire. You need to accept the responsibilities that you agreed to when you signed acceptance of that payday loan.

If you're not able to make the repayment in full, speak with a loan agent of the payday loan company about alternative options. See what they are willing to offer you, to help you pay them back. If you remain calm, professional and accept the fact that you failed to make repayment when it was agreed to be done, you may have some lenience as opposed to screaming at the lender's staff. Ask if installments is an option, or lower penalties if at all possible. Explain your situation and try to work something out.

If all else fails and the calls keep coming and you're on the bad list, ask the company to only contact you through email or another kind of communication other than the phone. Ask for the followup calls to decrease and if at all possible, completely stop.

With these tips, you can put an immediate put a stop to payday loan companies calling you all the time. Good luck!

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