You have two options if you are having difficulties at repaying a payday loan

You have two options if you are having difficulties at repaying a payday loan

  • Loan Rollover: The pay day loan creditor will offer you a rollover which runs your payment term for the next giving you more time to pay month. A rollover means interest that is further costs offering more to settle. The FCA guidelines on pay day loans means creditors can simply twice rollover the debt.
  • ​Stop repayments: if you fail to manage to repay, you’ll stop the cash being obtained from your account by calling your bank while the payday creditor. The payment demand might not be stopped with really quick notice.