National Payday Loan Relief

If I Move State, Do I Have To Pay Back My Payday Loan Debt?

If I Move States, Do I Have To Pay Back My Payday Loan Debt?
If I Move States, Do I Have To Pay Back My Payday Loan Debt?

Moving state payday loan debt – A payday loan can be a short-term fix to an otherwise problem. However, payday loan debt could cause additional issues if not taken care of right away.
That is not something you want to have, especially if you have other bills piling up like mortgages payments and utilities. The other issue with a payday loan is that some states do not allow them.

Some feel that if they cannot be approved in their home state, they can just go to another one to get what they need. This what we call the “out-of-town syndrome”.

Below you find some interesting information concerning payday loan debt consolidation and other factors involved moving state & your payday loan debt.

Do Payday Loans Come In All States?

It depends on the situation, some states don’t allow any type of payday loans. Say, for example, that you are looking for a payday loan. You have not been approved in your home state, which is why you go to a nearby state to get approved.

We like the way you think, but it most likely is not going to work. The reason is that most lenders are only authorized and licenses to offer a payday loan in your state. You might live in Indiana, but you choose to go visit Ohio to get approved. It is not going to happen.

There is one exception you might want to consider. Say you are a full-time and legal resident in Ohio. However, you are living in Arkansas for a short time. You might be temporarily living there for work or family matters.

The point is, you might be excused from the legal issues and find a way to get approved. The one downside is the lender will require paperwork with your permanent address and other vital information. The lender might also require you to show proof of why you are temporarily living there.

You might also be limited to the lender you can speak with. Once more, this is only if you get approved to seek Moving state with your payday loan debt.

Two Alternatives To Avoid Payday Loan Debt

One of the biggest reasons people shy away from the payday loan option is the debt they might have later. We can understand that. Payday loan debt is an awful thing to get out of. Some people overestimate or underestimate how much money they need. They then find themselves in a situation where they cannot pay the money back( enter the assistance of a payday loan debt relief company).

Installment Plans

A great way to consolidate payday loan debt is to opt for an installment plan instead. These plans can be used for any expense you need help with. Unlike the payday loan issue, you are not required to pay everything back on the next payday. That will help loosen the purse strings a little bit.

This considered(by far and by many)to be the safer option of the two. You have a few months to pay everything back, including the interest you racked up. The other great thing is that the states that prohibit the payday loan option do not have rules against the installment plan.

The same rules still apply though. Make sure the lender is licensed in your state. You also should read the fine print. A simple installment loan can do just as much damage if you are not careful. It is a form of credit. You need to treat it like one. Those who do not take this line of credit seriously will wind up with another form of debt in no time.

Tribal Lending

That is another option to consider if you want to save yourself from payday loan debt. The great thing about tribal lending is that it does not come from a bank or financial institution. They come from Native American tribes. They can lend you money in most states, especially those where payday loans are illegal.

The one downside is that they can charge more interest depending on how much of a credit risk you are. They are safe. However, they can increase the fees and rates at any time.

Make sure you examine the contract closely. It might not be a payday loan, but you could see yourself with some payday loan debt just the same. Discuss any terms you are unsure about before you sign.

A Few Other Options To Avoid Payday Loan Debt

  1. One way to avoid payday loan debt is to ask for some help. Talk to your family and friends. They might be willing to help. At least they are not going t charge interest.Talk over any issues before agreeing to have a loved one’s help. It might be better than dealing with payday loan debt, but you still might have some uncomfortable moments if you do not have open communication.
  2. A second way to avoid payday loan debt is to talk to the people you owe money to. People are willing to work with you as long as you are honest with them.Some people might be able to negotiate a better payment plan for you. That is not going to happen if you are not honest with them. Are you going to get that lucky with all of them? No. There are going to be some companies that are not going to budge. You might be able to reason with one or two though.
  3. Credit counseling is a third way to go. A lot of people have found help with those services. Read the fine print before you agree to let them help.

Time To Consolidate Payday Loan Debt With Some Help

Visit National Payday Loan Relief today for help with your payday loan debt. The company is one of the more trusted names when it comes to working with a payday loan debt relief company nationwide.




  • James is the content creator & SEO Administrator for the Naked.Media marketing agency. “Focus more on your desire than on your doubt, and the dream will take care of itself.” — Mark Twain

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