If you’re experiencing financial hardship and don’t feel that you can make your repayments, first try speaking with your payday loan lender to see if you can work out a payment plan that relieves the financial squeeze. A warning though – payday lenders have strict rules around repayments and are unlikely to budge, even if you find yourself in a bad situation.
If you are struggling and would like free financial counselling, you can call 0800 345 123, the MoneyTalks helpline operated by FinCap.