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Can I stop paying a pls payday loan?

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If you cannot pay a payday loan, send the company a letter stating that you are not able to pay them further, since you are no longer able to keep up with it financially. Request them to consider some other payment plan for you. Also tell them if they do not come to an agreement with you, you will have to default on the loan.

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Last Updated on: Fri, 8 Jun 2018