Asking for a Payday Loan Extension

An unexpected bill might arrive at your doorstep or your car suddenly broke down and needs repair. If you don’t have an emergency fund to cover for these expenses and your payday is still days away, then your best option is to take out a payday loan. Payday loans offer quick cash without the tedious application process. But like other types of loans, it’s best not to miss any of your scheduled payment, or you’ll get trapped in a debt cycle. This can be avoided if you know very well how to ask for payday loan extensions. Here are the steps:

Step 1: Check the terms and conditions of your loan.

Read the contract for the requirements when requesting for a payday loan extension. If you cannot find any information, contact the payday loan company and inquire from its customer service representatives about the possibility of loan extension.

Step 2: Know the process.

The common cause of delay is impatience. Some people just submit incomplete requirements or simply don’t follow the right procedures, which may very well result in disapproval. Quick approval lies in knowing the right steps when filing.

Step 3: File a request for loan extension.

Some lenders require a letter of request stating your reasons for loan extension. You should also advise them when you can pay back the money you owe. Some lenders, however, set the new due date for you. For online payday loan companies, you can log on to your account and click on options for payday loan extension. You can also contact the customer service staff.

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Step 4: Meet the deadline for filing.

You cannot file a request for payday loan extension on the due date itself or days after you missed payment. Not only will you be charged late fees, but you will also have a bad record on your loan applications. Avoid incurring larger interest because of late payment.

Step 5: Follow up your request.

Don’t assume that your request has been approved without any notification from your lender. Follow up your request by contacting the payday loan company before the due date.

Benefits and disadvantages of payday loan extensions

Payday loan extensions have their own benefits and disadvantages. For the benefit, applying for a loan extension would enable you to delay paying off your loan without putting your credit record at risk. The major disadvantage is that extra charges will still appy, so it’s better to just repay any type of loan on time.

Related questions:

1. Do ALL payday loan lenders offer extensions?
2. Can I ask for extension until next month?
3. What is a no-teletrack payday loan?
4. What type of loan does not offer extension?
5. What are the requirements when applying for a payday loan extension?

Related posts:

Payday Loan Guide -About guides in applying for payday loan.
Payday Loan Company -All about payday and payday loan companies
Payday Loans -All about how payday loans work for you


  1. Not all payday loan lenders offer extensions, and although some do, they still have the right to deny your extension if your credit history is bad. Extensions could last from a few days to a few weeks, depending on the Loaner’s decision to grant your request. No-Teletrack payday loans are an exception though and they will provide quick and easy access to cash as long as your credentials live up to the Company’s requirements. Be wary though No-Teletrack payday loans rarely offers extensions and that once you are not able to pay on due time, your record will be damaged and you might be denied of future transactions with them.

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