Here are 4 rules to follow in order to get out of all your payday loans. These are from Chapter 6 of my book, “How to Get Out of Your Payday Loans.”
The full time job of your payday loan lender is to keep you in debt! Payday loan lenders are not your friend!
Don’t let the collector “get inside” your head. Share nothing; zero information. Never use abusive language. This is a game so keep your cool. For the collector, it’s not personal. They’re simply doing their job. Payday loan collectors are generally not the “cream-of-the-crop.” Those who are really good, move up the food chain to mortgages, credit card debt…
Never, ever give a payday loan lender access to your bank account again. Use Western Union, Money Gram, a money order, a prepaid card… anything but your bank routing and account numbers! NEVER!! And NEVER cash a check you receive from them! (More on this later.)
Never volunteer any information to a lender or collector. They already know EVERYTHING about you as a result of your payday loan application. That means no updates regarding your phone number (get a throw away, prepaid phone at Target, Wal-mart, Radio Shack…), your employment, your address, your new puppy’s name, children’s names… NOTHING!
Your Job is to “poor mouth” yourself; you have zero money today and zero prospects for tomorrow.
Download my book to learn 15 more tactices to get out of your payday loans.