3 Ways On How To Stop Payday Loans From Calling

Last updated on October 14th, 2023 at 12:24 am

Hi Guys!  It’s me again… Randy!  I am here to help you with all things related to ‘payday loans’.  One of the top searches we see on our site is, “how to stop payday loans from calling”.

Well, you have come to the right place, and I am the right guy to tell you why we get that search so much!

First you must remember that payday loans are not the ideal solution to all our financial woes, and most of us would prefer to try and put together a budget and save up for unexpected expenses as they arise. 

However, sometimes we need cash quickly. So please read on to find out how you stop payday loans from calling you!

How To Stop Payday Loans from Calling

If you’re struggling to pay off a payday loan, you may be wondering how to stop payday loans from calling. The good news is that there are a few things you can do to put an end to the constant calls and harassment from lenders.

One of the first things you can do is to send a cease and desist letter to the lender. 

• This letter will instruct them to stop contacting you and will also let them know that you’re aware of your rights under the Fair Debt Collection Practices Act.

Second, you can also try negotiating with your lender. 

• If you’re able to come up with a repayment plan that works for both of you, this can be an effective way to stop the calls.

Third, if all else fails, you can always file for bankruptcy. 

• This will stop all collection activity against you, including phone calls from payday lenders. 

What Happens if You Ignore the Payday Loan Calls?

Some people tell me, “Randy, I will just ignore these damn calls!  What do you think about that?”

Well my dear friends, If you ignore the calls from payday loan companies, they may eventually give up and stop calling. However, this does not mean that you have stopped the loan. 

The loan will still be active and accruing interest and fees. If you do not make payments on the loan, it will eventually go into collections. This means that the debt will show up on your credit report and could damage your credit score. It can also lead to wage garnishment or seizure of assets. 

Which is not good.  So if you ask me, I would not ignore the calls if I were you.  Just pick up the phone and talk to them.

Final Thoughts On How To Stop Payday Loans From Calling

Once payday loan lenders start calling, they keep on calling.  If you are looking for the best solution on how to stop these lenders from calling, my best advice is to talk to them and negotiate a repayment plan.  If you need help with this, you can contact a credit counseling or debt relief agency.  These organizations are here to help you.

If you are feeling intimidated when speaking with the lender, you should probably get the help of a credit counseling service.  

But please remember – don’t ignore the calls and hope that they will forget about you.  The loan will not be going away – and it will continue to gain interest on it.  So your best course of action is just to pick up the phone, even if you don’t know what to say or if you feel intimidated.  Tell them that you would like to negotiate a payment plan, and if you need the help of a debt relief agency or credit counseling service, contact them right away.   

So if you are truly trying to find out how to stop payday loans from calling, please follow the advice we have outlined in this article.