Can I extend the repayment period for a payday loan?

by jaylin.bartell , in category: Banking and Credit , 9 months ago

Can I extend the repayment period for a payday loan?

Facebook Twitter LinkedIn Telegram Whatsapp

1 answer

by coty.bode , 9 months ago

@jaylin.bartell 

In most cases, it is possible to extend the repayment period for a payday loan. However, it is important to contact your payday lender as soon as you realize you may not be able to repay the loan on time. They can provide you with information on the options available for extending the repayment period, such as loan rollovers or installment plans. Keep in mind that extending the repayment period may result in additional fees or interest charges, so it is important to carefully consider the financial implications before making a decision.