You may be able to stop paying payday loans if you simply can’t make your payments at all Seek bankruptcy relief Legitimately via bankruptcy processes. Whenever you file a petition of bankruptcy, a automated stay goes into destination. This means any creditor you noted on the bankruptcy must stop collections tasks. Dependent on you may… Looking for payday loan help? Find out how to get out of payday loans debt if you can't afford to pay, especially if you want payday loan consolidation. Stop Paying Payday Loans -Allande.Org. Home; Home Archive for category Uncategorized Category: Uncategorized. Uncategorized 0. Call credit – flexible framework credit. Clare Flores February 21, 2020 April 21, 2020. Find out what can happen if you suddenly stop paying your payday loan and whether it impacts your credit, plus other options to help you pay off your loan. Can I stop paying payday loans? I'm in the process of clearing my debt. First step for me is to find out if I really need to pay it and what the consequences will be. This might not be an ethical thread but I need clarification, please refrain from abuse. I want to know whether I can stop paying payday loans and what the consequences are fro. You have the right to stop a payday lender from taking automatic electronic payments from your account, even if you previously allowed them. You may have signed a payment authorization, which is sometimes called an “ACH Authorization.”This gives the payday lender the ability to debit your account when your payment is due. Stop Paying Payday Loans Legally - Get an answer quick. Friendly Service and Absolutely No Questions! We are here to solve your questions. Legally Loans Payday Payin. So, if you want to learn how to stop paying payday loans then you need to make sure that you have all your information ready and in front of you before you apply. to your lender. One of the best things that you can do to stop taking such loans is to never sign on a contract for any type of loan until you are absolutely certain that you are capable of paying it off. You may be able to stop paying payday loans if you simply can’t make your payments at all. Seek bankruptcy relief. Lawfully via bankruptcy procedures. Whenever you file a petition of bankruptcy, a stay that is automatic into destination. This means any creditor you noted on the bankruptcy must cease collections tasks. What happens if I do not pay back my payday loans. by Thomas Vargo. Many Americans today are taking out payday loans for emergency cash. Unfortunately, due to the high outrages interest rates these lenders charge, it may become harder and harder to get yourself out of the cash advance trap or loop.