subject: How To Stop Payday Loan Debt [print this page] Do you feel trapped in payday loan debt? Are you finding it harder and harder to keep up with the outrageous demands of too many payday loans?
Don't feel like the lone ranger my friend...
Because millions of others for thousands of years have been sucked into this trap. It really doesn't matter how it happens, what you need to do is get out from under the high rates and fees sucking your income.
I'm sure you know that these payday lenders are great at taking advantage of you. The scam is they want you to NOT pay the loan in full when due. This way they can "roll-over" the loan and essentially renew it so they can charge you another high fee. This usually deletes everything you already paid! You start from scratch... and they're up a nice tidy sum!
At this point you may feel trapped. All the calls. The harassment. The threats.
If any of this is happening to you then you should know there is a way out. The payday loan companies might not want you to know your rights, but you do have them. And with a little strength and fortitude on your part, you can easily take care of this problem and banish them for good.
You see, when you know the truth about payday loan laws in your state, and all the other dirty secrets they don't want you to know, you have them on the run.
A little skeptical?
Well, the first thing you need to understand is the law when it comes to where and how you got your loan. In some cases, you may not owe anything at all because they broke lending laws.
So, the key is to get educated. You can stop payday loan debt and the burden of too many payday loans if you do some homework. Do a search for payday loan laws and look at the information. You'll see that some of these payday loan companies are breaking the law.
Do you have a loan with one of them? The only way to know is if you have the information! So go get it!
by: Mike J Cooley
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