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By: Edgar Burke

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Friday, 11-Feb-2011 16:02 Email | Share | | Bookmark
I Can't Pay My Quid Loans Back

When I can't pay my Quid Loans back, I know I am in a world of hurt. When I can't pay my payday loans back and I find myself with multiple cash advance lenders deducting from my paychecks with no end in sight, it can feel hopeless, and unfortunately I am not the only one to experience this misery.
What to do If you Can't Pay
The first thing to consider when you cannot pay your payday loans as agreed, do not panic. The normal reaction is to become overwhelmed and emotional, as it can feel like there is little hope to ever climb back out of your situation. This is not true, you have options.
If you have multiple payday lenders withdrawing money from your accounts and you are unable to pay them back, the first step is to immediately call your payday lenders. Do not be afraid of communicating with your lenders, as they do not want you to be delinquent on your bills either.
Discuss your situation with your payday lenders and try to put together a payment plan that is manageable. If you find the customer service agent unhelpful or unsympathetic, ask to speak with a manager, as they will be more responsive to your needs as a borrower. Clearly indicate that you intend to pay your loan but are simply unable to under present conditions.

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