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Can anyone tell me the consiquences of not repayng a payday loan? and what can they do about it?

2006-10-11 14:22:27 · 9 answers · asked by Anonymous in Business & Finance Personal Finance

9 answers

if it involves a check and your checking account is still open they willl monitor it for when the money is available. otherwise they will sue you-which could result in a garnishment of paycheck.
maybe you could go thru a local consumer credit counseling for this and other debt. this organization is funded by united way and these type of loan places work with them. i am doing just that

2006-10-11 14:50:44 · answer #1 · answered by hazeleyes 1 · 0 0

You'll be able to instanly acquire an online payday loan up to $1000 employing this site: http://loans.servermatrix.org I got my payday loan even though I had a very bad credit history.

2014-08-30 09:36:57 · answer #2 · answered by Anonymous · 0 0

You are able to instanly obtain an online payday loan as much as $1000 employing this service: http://loans.servermatrix.org I obtained the payday loan even though I had a very poor credit score.

2014-07-16 01:12:21 · answer #3 · answered by Anonymous · 0 0

are you talking about where you go to like a cash store to borrow a certain amount of money and you have to repay in two weeks. If you gave them a check they can cash it legally it happen to me and had to scramble to put the money in the account to cover it good luck

2006-10-11 14:25:38 · answer #4 · answered by Sandra C 4 · 0 0

Read your contract ... the fine print should tell you that you can be prosecuted for bouncing a legal check and the resulting fees, felony charges and possible jail time should be noted there.

2006-10-11 14:35:30 · answer #5 · answered by Anonymous · 0 0

Remember they have your check. If you don't pay they will attempt to cash the check, it bounces, now you have a legal problem of writing a hot check. Good luck with that.

2006-10-11 14:33:28 · answer #6 · answered by Anonymous · 0 0

my cousin ended up in court paying 2 grand instead of 2 hundred

2006-10-11 14:30:50 · answer #7 · answered by Anonymous · 0 0

If they cannot get the money you owe them from a bank account they will probably sue you.

2006-10-11 14:33:43 · answer #8 · answered by Bigboi47 3 · 0 0

if you don not repay it
they can take you to court and garnish wages or seize property

2006-10-11 14:29:39 · answer #9 · answered by Mopar Muscle Gal 7 · 0 0

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