What about those payday advance loans?

I don’t know that much pay day advance loans but they sound a little risky. We’ve had similar problems with big bills in the past and we resolved them by using a credit card; what we do is use the card the day after the billing cycle ends which usually gives us at least sixty days to pay the balance before we get charged interest. I am not advocating the use of credit cards because they pose their own risk but used sensibly can help during times of excessive bills. Has your sister approched the company in regards to a payment plan with them?

EEP! I don't know that i would do that. It's convenient, sure but she will pay through the nose for it. Is there any way for her to negotiate a payment plan of some sort with the electric company? Perhaps send in her regular monthly bill with a little extra each month? Another possibility, many towns and cities have a "welfare" orgram of sorts for emergenies like this. the one in my town is pretty easy, you go see the twon manager, fill out a simple application and it is usualy aproved the same day, i go in, get a payment voucher from him and then I have the option of either paying it back in cash, or by perfroming community service in one of the town departments.

I would not entertain them as I do not trust them and she will pay a fee to The Electric Company is in the wrong, as they should have read the Meter so it is their fault and I do not understand why they do not let her pay it of bit by bit I don't know how those Pay Day loans work I just know that People who I know took them regretted it I really hope that she can sort this out

I agree with most of the people here, that it is not a good idea to get a payday advance loan. The interest is just so overbearing, that most people never get caught up. I guess if it is a last option, but that would be the only reason. If she doesn't have any type of health condition, maybe she could give blood. Or I guess they call it plasma nowadays. Someone told me last week that they will pay you $50 to give plasma. I had heard $25 in the past. And I think that if she just pays part of it, even if she can't get the full amount, that she should be able to get them to keep the electric on. Just tell her to keep in mind that a lot of charity organizations aren't able to help get it reconnected if they disconnect it. So she needs to move fast. I am sorry to hear that anyone is going through this at this time of year. I hope that it all works out for your sis. Good luck!

Will the electric company let her make smaller payments over an extended period - say 6 months. I would avoid Payday loans if she can. They cost a fortune and can mount up very quickly.

I think that the best thing for her to do is to fight the bill. If they weren't reading the meter and are just now reading it, they are most likely billing her for usage that was last month, or if not that, either way they are billing her unfairly! An estimate? I assume the estimate was in regards to other uses in prior months, and not much should have changed. I'd tell them "I'll pay the estimate and that's all" or if they get really obstinate at the electric company then say "I'll pay MY estimate seeing as you estimated my electric bill for the last two months! How do I even know that the estimates we're fair and how does the amount of my bill now change so drastically from prior months? Am I paying for someone else's laziness to not look at my meter and see what percent of usage there was?" Lol, sorry for such a rant. In any case, I wouldn't trust an online payday advance loan.

Before going that route I would suggest she check with social services. There must be some sort of lifeline program that would prevent the electric company from shutting her down, especially if she has children. The cash advance might just get her mired deeper into debt. This is not something you do online. Basic research, yes, but not the transaction, I think. Also, even though she is your sister and you love her, please guard against any pressure from her for you to lend her money. It would be heart-breaking, but you must steel yourself to tell her NO. Good luck, my friend.

hi rosepedal64 oh no tell her do not do that, my son got into so much trou ble financially through those payday loans,you have to pay it back in a week or so after you are paid, and there is a huge interest added onto it, and he took out more loans to cover the others til he was in trouble from all that huge interest. tell her to see if she could get a loan instead from her bank or got to a credit union, their interest rates will not be nearly as high, the interest is like 30 or 40 percent, its outrageous yet there does not seem to be any law that can touch them. or push come to shove, borrow from a relative,but no do not get a payday loan, the interest is appalling.

Hi rose, loan companies like that will only hugely increase your sisters debt. Advise her to pay what she can afford immediately to the electric company with a fixed agreed monthly payment until she is in credit. She should read her meter every month to keep track of how much the bills should be. Better at the end that she is disconnected than get embroiled with loan sharks.