Your Questions About I Can't Pay A Payday Loan

Michael asks…Think the payday loan place would go for this?I have a $450 payday loan out, and I'm caught in that pay back-and-borrow again trap. I don't see an end in sight. I was thinking of defaulting on the loan and asking if they'll take weekly payments in lieu of cashing my check. Maybe $25-$30 a week? I know this is bad for my credit rating. I'm not asking about that. Is anyone here familiar with the industry, though? Do you think my plan is something they would agree to?admin

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