blog banner

How to Stop Long Term Loan Harassment

1500 payday loans are defined as the long term debts that will help a person in a dire financial situation. The spread of online payday loan lenders has increased in the past few years. Basically, this has further increased with the current economic downturn that has affected so many of us. In the past people can borrow money from other sources. These alternatives would include borrowing money from parents and siblings. However, many people are affected with the economic challenges, most of us all face, so your only choice might result in borrowing on a payday loan.

However, during the times when you are so hard up on cash, you will not be able to pay off these debts. If this happens, then most probably you will get calls that will harass and keep you stressed for several days. Hiding is no longer an option. You do not have the choice to run away from these creditors anymore. In order to stop the harassment of the calls and the collection methods, take the step and ask for assistance. This way you are facing your problems instead of running away from them.

There are several solutions to stop these phone calls. For a start, you need to ask for an extension on the loan. Technically, this will be the best choice for you. This will ensure your creditor that you are still in contact with them, and that you are willing to pay. When you file for the extension, be sure that this is within your limits. Otherwise, you will still be hounded by phone calls. It has also been assumed that the best way to stop the harassment is to pay off the debts by borrowing money from friends and family. However, this might seem a little vague as they will not have the funds to lend you.

Another method to ease the phone calls is to pay the $2000 loan with several small amounts. Again, the lenders will see this as your way of assuring them that you are still willing to pay and payoff your debts. If you are unable to repay the loan at all, you can write a letter to the company requesting they stop calling you. This is your notice to the company that they should stop calling you and instead connect with you through mail.

For worst case scenarios, the best way to get pass through these harassing phone calls is to record them. The moment insults happen and they threaten you, record it. This will be your grounds to counter sue the company for harassment and who knows? Maybe you will win the court case, and they will be the ones to pay you instead of the other way around. However, the simplest way to stop the calls is to pay the loans.

Leave a Reply

Your email address will not be published. Required fields are marked *