Have you ever avoided answering the call from best cash advance lenders? Did you do it because you were trying to stretch out the time needed to make the payment or trying to avoid making the payment at all? If the call is coming from the direct lender themselves, it may just help you to answer the phone and hear what they have to say.
Responsible cash advance lenders try to help.
A responsible cash advance lender online does not try to neither coerce you into a loan nor will it try to threaten you to pay for it. What a good customer service representative will do is take the time to help you understand your obligations as well as inform you of the options to do so.
*Late fees are charged even if you decide to pay the next day.
*Once a cash advance loan is in default it will be sold to a collections agent.
*It makes more sense to work with the direct lender than a collector. Once a collector has the bill, your credit score will go down.
*Your credit history is the easiest way you can control your credit. It is 35% of your credit score. Letting a short-term loan become a negative on your credit history is the last thing you want to happen.
Accept the phone call from the cash advance lender.
What could you do to make the minimum payment? Most lenders will expect that the fees be paid in full. Could you work on paying down your loan to decrease the fees for the next pay period? Each time the minimum amount decreases, the more money you will have to pay towards the principle. It is important to face the debt head on so the late fees and interest do not have a chance to build the amount owed too high. The interest would continue to go up as the balance does as well. Ignoring the bill is the worst thing you can do.
Take the call from the lender. Hear what they have to say. The worst that can happen is that you will continue to owe the money after you hang up. This phone could be a reminder of payment due with no strings attached. The lender could be advising you as to whom you could work out the loan payoff. All you have to do is listen! You may find that they have a suggestion which will work for you. Your own lender could be the one to help you out of your debt!
Next time you finances are falling astray; don’t be afraid to answer the call. A creditor may just be calling to check up on you payment. If there was an emergency situation at home which keeps you from making your on time payment, tell them. Creditors have been known to waive the late fee when there is just cause. Don’t abuse the privilege, they keep notes.
The best call you can make is to your creditor or direct lender prior to missing a payment. Let them know ahead of time and you will see how friendly they are to work with. Accept their phone calls once the payment date was missed and listen to what they have to say. Your direct cash lender and creditor will only attempt to call you during a certain time period before you are shipped off to a collector.
