YOU GOT THE LOAN BUT NOW CAN’T AFFORD THE REPAYMENTS BECAUSE YOUR FINANCIAL SITUATION GOT WORSE WHEN YOU COULD AFFORD THE REPAYMENTS WHEN

YOU GOT THE LOAN BUT NOW CAN’T AFFORD THE REPAYMENTS BECAUSE YOUR FINANCIAL SITUATION GOT WORSE WHEN YOU COULD AFFORD THE REPAYMENTS WHEN

You can easily request a payment arrangement on the basis of pecuniary hardship. All loan providers have appropriate responsibilities in terms of working together with clients in monetaray hardship. See our reality sheet on monetaray hardship for information on how exactly to try this.

WHERE DO YOU TURN IN REGARDS TO THE DIRECT DEBIT ON YOUR ACCOUNT?

Many loans that are payday paid back by direct debit. If you should be in monetaray hardship and also you cannot pay the repayments you should look at either:

  1. cancelling the direct debit with your bank (see our reality sheet on how best to try this); or
  2. organizing for the total amount to be reduced aided by the payday lender. Read More