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This types of payment is called 'continuous payment authority' (CPA).
If the payment is declined by the bank some lenders will attempt again.
We can provide free help and advice if you're struggling with payday loan debt.
These loans are advertised as an easy form of credit and if the full balance can be paid on time then they can be used responsibly.
You can consolidate using a personal loan or a balance transfer credit card.Above all, the approach has to match the need and the comfort level of the borrower.Some people prefer a debt management plan, while others benefit from simplified singular payment of a consolidation loan.If you’re struggling with payday loans it is probably a sign that you need help, particularly if you have more than one loan.Trying to borrow your way out of debt will only make you situation worse and we’d never recommend that you take out a payday loan to pay your debts. If you're considering a payday loan you should always look at your alternatives to see if there are more affordable ways to borrow money.