Payday and other short-term debts, such as car title loans, do not go away. However, you can manage debt by prioritizing which debts are paid first, discontinuing automatic repayments and potentially working out a payment arrangement with the lender that you can afford.
This section will address these topics:
- Checklist: Payday and Other Short Term Loans
- What Happens to Your Loan Debt After You Leave the Country?
- How to Prioritize the Repayment of Debt
- Working With the Lender to Extend Payments for the Loan and/or Negotiate the Repayment Amount
- Protecting Accounts from Automatic Withdrawals or Garnishment
- It May Not Be Legal for the Debt to Be Collected
Each Chapter is intended to provide generalized information on a particular topic. In many cases, laws may differ from state to state. Therefore, this information is not intended to replace state-specific legal assistance. Nothing in this manual is intended to create an attorney-client or fiduciary relationship.