How to obtain an extended payment plan if you cannot afford a salary advance loan

An extended payment plan (EPP) allows you to pay off the balance of a loan of wage in four equal installments in the course of the next four days of payment of salary without additional fees or interest if you pay the loan on the corresponding date. If your salary advance loan company is a member of the Association of Community financial services (CFSA), they have then agreed to approve an EPP per year per customer. Even companies that are not members of the CFSA have access to those terms, or there may be a provision in the law of your state that allows extended payment options.

If your wages developed lending company is a member of the CFSA, then you should see the blue oval logo of the CFSA in the web site or office of the lender. In addition, you can check the list of members on the web site of the CFSA, although it can be that some lenders are not in the list.

Get in touch with your lender's wages developed before the last business day prior to the deadline expiration to ask an EPP. You should get in touch with the lender in the same way that you did for the loan, either in person or online. The loans company will provide you with an agreement with the new payment plan so strong it. If rates were, add to the loan, they will be included in the balance, but should not be added new fees or interest.

A complaint with the CFSA if wages developed lending company is a member of the CFSA but refuses to give you an EEP. CFSA can provide you with information to help you get the EPP, assuming that you have not used your annual EPP.

Create a budget to plan the payment of the loan once the EPP has approved. You make payments on time to pay off your loan. Provided you follow the terms of the EPP, the company may not attempt to collect the debt ahead of time, and once the loan payment already you will be eligible to borrow in the future again.