How can I stop Payday Loan Payments?

By Shawn Lee Martin

Stop payday Loan Payments
Stopping payday Loan payments

We hear  many questions with new people signing up for our payday loan consolidation service.

One of the most frequent questions is ” How can I stop my payday loan payments?

The quick answer is you can’t just call up the bank and shut these off.

The payday loan companies will resort to all kinds of tactics to keep the line between your bank account and them open and flowing, even if it means destroying your account.

There is a simple and easy way to deal with this and we will get into that in a bit.

Before we do that  lets take a look at what a checking account overdraft is:

Now lets go see what we can do about avoiding them.

Are you stuck in a trap like this?

Click here for the solution!

Stopping The Payments

John goes out and gets a payday loan for $500.00 and has a one time payment of $650.00 due in two weeks on his next payday to satisfy his loan.

John has car trouble and must spend more money to fix his car than he has to cover that bill and the payday loan payment.

John goes out and either extends his current payday loan or takes out a second loan to cover what he will be short on payday.

Sound familiar?

This is what they call the payday loan trap and it gets worse by the day.

Pretty soon John has run out of money to cover all the payments and the loan companies are still taking the payments out of his checking account and it is building up overdraft charges with every request.

John calls the bank and they tell him they can put a stop payment on the loan company’s payment requests for $20.00 but he would have to bring the money in as his account is overdrawn.

They can not guarantee it will work because the loan companies will change the name of the ACH payment and just try to collect the payments that way.

They also tell John they can not close his account with a negative balance.

He calls the loan companies and they tell him they can not stop trying to collect the payments from the bank.

John is trapped on all sides.

Or is he?

John’s way out!

John has an easy way out and he probably is like 80% of his fellow lenders and does not have a clue about it.

These companies scare you so bad and bury you so deep most people think they will never get out of this debt.

Let’s take a look at a former payday loan lenders interview, then we will show you how easy John can take control and eliminate this problem.

Pretty crazy business to say the least!

Johns Solution

All John needs to do to stop all of this madness is contact a good payday loan consolidation company and he can shut all of this misery down right away.

A good company will stop the interest, stop the payments, stop the phone calls and stop any legal activity.

They will negotiate a payback plan with low bi-weekly or monthly payments made directly by them and negotiate the payback amount with often times cutting the original payback amount in half or better.

They do all of this for a one-time fee and the process is started immediately upon your signing up.

Now with this help, John has a low affordable payment to the loan companies through the consolidation company and he can make arrangements to get his checking account back up and in good standing.


If John would have known how easy it was to hire one of these companies to fix this mess he would have saved even more money but at least he found out and took care of this debt trap.

Now that people are getting the word that they really do have options when they get in trouble with paydya loans, they are jumping at the opportunity to eliminate their payday loan debt.

We are more than happy to help them!
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Are you stuck in a trap like this?

Click here for the solution!

16 thoughts on “How can I stop Payday Loan Payments?”

  1. When I married my wife she brought with her all kinds of payday loans. Single mom of 3 and she was doing what she thought was best. We spent close to a year battling payday loans.

    I wish I had your information 3 years ago to help with the process. Thank you for putting this together to help others.

    1. Hi!

      I understand exactly what you went through and that is one of the main reasons we are here, to help people that find themselves in situations like you were in get some help and get back on track!

      Have an awesome 2016 and thanks so much for stopping by!


  2. I don’t understand how these payday loan companies are still in business. How can the government allow them to operate at such a high interest rate? Someone needs help quick and then they are trapped. Thanks for taking the time to address this issue. I hope your messages gets to many viewers.

    1. Hi, Vicky!

      They buy their support from our wonderful polititions. They have the best lobbyists working for them.

      I agree that it is a bad deal.


  3. Hi Shawn,

    To be in a debt that takes a lot of time to settle and increases compoundly is one the worst situation a person can face in his lifeterm, its demotivation, brings the confidence level down, and at times ruin relationships. your web-site is very very helpful for people to understand their finances and make them correct.

    Thanks for sharing the love

    1. Hi, Kunal!

      Many relationships have fallen by the wayside because of money. I wish I could fix it for everybody.

      Thanks for stopping by and if you ever need help with this type of debt please come see me.


  4. Hi Shawn,

    It makes you mad how these companies can get away with their extortionate interest rates. The way they prey on people and then trap them is shocking.

    It is great to see that there are sites like yours that give the right information to help people get out of these debt traps. You have created a lot of useful information to help people combat these companies, well done.


    1. Hi, Rob!

      Thanks for stopping by!

      They do get away with pretty much highway robbery. We need to demand they be more user friendly and quit exploiting people who are in trouble to begin with.

      Help us spread the word!


  5. I really don’t like companies who abuse people who have financial problems. Instead of offering low interest loans they abuse the people who get the loan thinking that these people can’t get help from anywhere else. I like companies who doesn’t abuse people because they have financial problems. There are really few companies who have genuine concern to help.

    1. Hi, Keye!

      I know exactly what you are saying. Here in Wisconsin in 2013 the industry wrote about 78 million in loans and collected over 22 million in fees and interest.

      Now a good average for the customer.

      Thanks for stopping by and help spread the word that we are here to help anyone in need with this kind of debt!


  6. Payday loan debts are really a trap which is difficult to get out of once you get involved with it. Just like the scenario you gave, people get more and more trapped in the loan debt when other issues start arising and they will have to borrow more to get out of it. Its is good to know, there is a solution out of all of this. Thanks for sharing this info

    1. Hi, Fidel!

      I agree, it can be like a funnel and most people think they have little options.

      The truth is they have all the power over these companies, they just need to contact us so we can show them how to use it. 🙂

      Thanks for stopping by!


  7. It is bad to fall vitcim to payday load payments as it increases for the next due.
    Very helpful article here on how to stop it.
    Great job!


    1. Hi, Edy!

      Thanks for taking the time to check out our article.
      Yes, these loans are bad news and we will continue to spread the word to avoid them!


  8. Hi Shawn,

    What a great example with John. It is crazy how these loans spiral quickly into a really bad situation.
    Luckily there are people that want to help, that want to give these people a chance to pay back in their own time.
    Great article, great site and a great cause Shawn!


    1. Hi, Vicky!

      Thanks for stopping by!
      We are always going to be here helping as long as these loans exist.


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