I Had out several payday loans and they were taking money out of my account when it was not avaialbe.So i closed my account.Can anything happen to me
2006-12-15 02:44:12 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No I don't thinks so. This happened to me and the only thing that was done was they reported it to my credit history.
2006-12-15 02:52:16 · answer #1 · answered by ♥kristylu♥ 2 · 0⤊ 0⤋
If you signed the loan agreement stating that they would take money out of your account an a specific day it's your responsibility to make sure that money is available for them to withdraw. Why should they care that you don't have available funds, that's your problem and you get to deal with the extra overdraft fees.
You closed your account, bully for you, now you're defaulting on what you owe. They still have your name, address and SS number as well as any other info you supplied when you took the loan. They will find you and get their money out of you. They may even already be in collections and sending an agency after you as well as garnishing your wages.
You need some money management education as well as the realization that you need to pay what you owe.
2006-12-15 03:30:46 · answer #2 · answered by parsonsel 6 · 0⤊ 1⤋
For Finance and credit solutions I always visit this website where you can find all the solutions. http://your-finance.us/index.html?src= czbakPP75
RE :Payday loans?
I Had out several payday loans and they were taking money out of my account when it was not avaialbe.So i closed my account.Can anything happen to me
Follow 8 answers
2016-09-25 09:54:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yeah, they'll take you to court to get you to pay. Most likely, this will result in garnishing your wages and additional fees.
You have to pay back loans, hon.
2006-12-15 02:47:10 · answer #4 · answered by Phoenix, Wise Guru 7 · 0⤊ 1⤋
I've done that same thing also, the only thing they will do is harrass you for a while and when they can't reach you, they will put it on your credit
2006-12-15 02:55:45 · answer #5 · answered by q_tee262003 2 · 0⤊ 0⤋
They will harrass you with letters and phone calls until you cough up the money. Plus you are messing up your credit
2006-12-15 03:50:10 · answer #6 · answered by stringhead3 4 · 0⤊ 0⤋
You will find very useful this site for finding the best option for you WWW.CREDIT-SOLUTIONS.INFO
RE:Payday loans?
2014-07-17 21:47:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Try http://goo.gl/K81Bf2
2016-07-21 04:45:07 · answer #8 · answered by Brande 5 · 0⤊ 0⤋
Here you can get rates: CREDIT-AND-FINANCE.COM
2014-05-10 22:04:53 · answer #9 · answered by Anonymous · 1⤊ 0⤋