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How can I get rid of a payday loan?
#11
You should try to borrow cash from others to pay that off, just make a cycle of borrowing. Until you have enough money to pay on to your last transaction.
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#12
For me the first thing that you have to do is to chill out, there are no longer "debtors prison" and your creditors won't come round to your home and kill you, stop panicking. you obviously realize you've got a problem and, by asking this question you have started the ball rolling regarding getting it sorted, with respect, all the previous answers paint your situation as a disaster that is almost has no resolution, that is not the case, there are very simple steps that you can take to deal with the problem, you can contact the consumer credit counselling service, as soon as you receive the pack , sit down read through it, and then contact your creditors. that's all that i have to say for now Smile
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#13
I am having issues relating to your question it isn't straight to the point, a lot of us might have same confusion about your question, I suggest you look into this so to enable us have more clarification about it

With what I am trying to grasp from your question is that you are asking about how to avoid payday loans, the best way to get rid of payday loans is you not taking a loan in the first place, if you are already in the payday scheme then you can't escape it.
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#14
To get rid of a payday loan, you really have to be determined. My ex-husband had a payday loan and when he would get close to getting it paid off, he would see that he could "re-finance" a fairly large amount and it was simply too tempting! He finally resolved his by a friend paying off the loan and having my ex-husband sign an agreement that he would not go back into the payday loan company. For many people, it's a case of quitting cold turkey, or dragging around this debt like a ball and chain indefinitely. Not an easy spot to be in.

(01-11-2018, 12:06 PM)Adesuwa08 Wrote: I am having issues relating to your question it isn't straight to the point, a lot of us might have same confusion about your question, I suggest you look into this so to enable us have more clarification  about it

With what I am trying to grasp from your question is that you are asking about how to avoid payday loans, the best way to get rid of payday loans is you not taking a loan in the first place, if you are already in the payday scheme then you can't escape it.

Well, this is not correct. You CAN escape it, but you have to be very determined. Most people won't have the kind of self-discipline that's needed--that IS true. But you have to have a plan. A well-thought-out plan. And you have to stick to it. Budgeting is the first step. After writing out your budget, you might find that you don't have the money to put towards paying off the debt more quickly. That's when you consider getting a second job, an evening job, or other part time work. The money from the second job would be dedicated money toward the debt. 

It really all comes down to: how badly do you want to be out from under this debt? But anyone can absolutely get out of debt--any debt--by being determined enough.
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#15
It's easy stop it, and get a job or don't try it again if you already fully paid your payday loan.

Stop loaning.
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#16
You don't get rid of it just like that, you have to pay your loan in order for you not to get in trouble. But if you have not yet applied for any payday loan, my advice to you is think it thoroughly. Ask yourself if you really need it or not, but if you want it for an emergency then go for it.
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#17
The way you asked it seems like you have an addiction getting a payday loan and you are having a problem how to get rid of that addiction. Anyway, what else can you do than paying it??
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#18
There most logical way to increase the source of your income. When you have multiple income sources, even if it is little, it will go a long way in helping pay back the debt.
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#19
Get rid how? there's no information here. But anyway, if you want to get rid of a certain loan, you just need to settle it. It will be the end for that loan for sure if you are able to settle it as soon as you can.
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#20
I'm also slightly confused by your question Huh I would think the only way to get rid of a payday loan is not to take one in the first place. However if you have to take one, pay it off as soon as you can. The longer you have it the more interest you will have to pay on it. Look for other types of loans that are more favorable. For example take an overdraft.I think this is better type of loan.
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