I live in Oklahoma and am in payday loan debt. What can they offer me without legal action?

The arm breaking loan sharks of yesterday are now known as "pay day lenders"..





How much debt are you talking about?





These are the people that charge up to 800% interest.





They want their money, you are likely charge the full amount of the payday borrowing every month you carry a balance.





heard one story of a person who borrowed $300 and wound up paying $2400. That is scary.





Get on a budget and get serious about closing the loan shark out.


Sell some stuff.. Take on a 2nd or 3rd job.

I live in Oklahoma and am in payday loan debt. What can they offer me without legal action?
You can pay the interest and "re-write" the loan. Atleast in TN you can. The main thing is to communicate with them.
Reply:Hi,


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Reply:You can pay off the interest until you save up to pay the loan. if the company doesn't have this policy, be honest with them. these companies are pretty reasonable and some of them will allow you to make payments over a period of time.