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What happens if I don't pay the payday loans





Sub: What happens if I don't pay the payday loans
Wed, 18/07/2012 04:37

i have 3 payday loans of 600 each I have been paying on them for 1 year 400 per month of interest. I cant see to ever have money to pay them off. what happens if i dont pay them and then just start making payments? Will I go to jail? I live in Houston TX



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Sub: #1 Advance AmericaWed, 07/18/2012 - 04:37



You all need to re-read your loan agreements if your unsure about what might happen vs what will happen.

Short term lenders such as Advance AMerica, Check into Cash want to keep all loans and issues regarding those loans behind the doors as much as possiable. In your loan contarct you can read that the company whats to keep an agreement that neither party or parties will sew or file a claim. They have all attentions to keep this rapped up behind closed doors between you and them.

My experiances is that honesty is better than just no conatct at all. I explained my issues and they explained what they must do as well. They will attepmt to cash the check in your account in which will have fee's

After that they will help you by getting the check paid off in full as soon as possiable. They would like for you to have it paid off in 4 or fewer payments.

If you haven't before another option is go in before your due date and request a payment agreement. This will set up up on a payment plan but will help avoid all the fee's.

To do that you must do it only one every 7 loan terms. that means if your on your 3rd loan term you have to wait tell you borrow 4 more times and wait the required 7 day waiting period then you can reborrow and do another payment agreement.

On the payment agreement I would wait tell you really need it. |I mean if you can pay it off then do so.


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Sub: #2 PayDay BS...Mon, 06/04/2012 - 20:17



I have two loans. One is Cashnet USA for $1250 and other is an installment loan with Check N Go for $2100. Both are online loans. I am in Ohio. I am over my head with this installment loan. Help me please! What are my options. I am willing to pay the money owed, just the interest is going to kill me. Lesson learned. I receive SSDI from my past employment.


paulmergel
paulmergel


Posts: 15334
Credits: 126606.28475864

Sub: #3 how aboutFri, 05/25/2012 - 05:34



if the lender is illegal they can't report on your credit.if they do then it can be easily disputed off.it worked for me and others.so since this thread is mostly about illegal online lenders they can't legally report on your CR.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


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Sub: #4 won't go to jail for loansThu, 05/24/2012 - 15:39



Loans are a civil matter. Effect credit score yes. Go to jail, no. You only go to jail for criminal offenses, unless I missed something in law school.


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Sub: #5 Unlicensed payday loan lendersThu, 05/24/2012 - 15:32



My thoughts are that IF it is an unlicensed payday loan lender, the loans are illegal loans. I would contact the Attorney's General Office to make sure, tell them you just found out that the payday loan agents you've received loans from are not licensed in the state, that you are concerned with fraud, and ask them what you should do. I don't want to say "don't pay them," without you being sure this is a recommended course of action. Second option is to use this information to negotiate a settlement.


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Sub: #6 Hi yes I have a few like 5 loans all of them are internet loans.Mon, 05/21/2012 - 13:41



Hi yes I have a few like 5 loans all of them are internet loans. One is Zip19, Multiloan, One Click Cash, ameriloan and Peppercah. I have been trying to pay and got sick with colon and breast cancer and then I had my father and step mom killed in an car accident. So i fell way behind. Is there anyway they can take you to court and garnish your wages, You and your spouses wges as well


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Sub: #7 don't think so...noSat, 06/18/2011 - 15:06



This really depends on what state you live in. But the majority of them have a law that restrict them from even "threatening" you about criminal charges brought against you. Check into as they may be threatening you illegally and probably are because they will do anything and say whatever to scare you into paying up.


paulmergel
paulmergel


Posts: 15334
Credits: 126606.28475864

Sub: #8 well seeing as both loans are d/b/a's of MTE and totally illegalFri, 05/27/2011 - 14:48



well seeing as both loans are d/b/a's of MTE and totally illegal not only do only owe the principle,but they can't have you arrested.also anything they say don't believe as again totally illegal,and can't/won't do anything they threaten.file AG complaints against both illegals.then ignore them.since they want to break the law with threats then they get jack.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


Unregistered

Sub: #9 helpp answer questionFri, 05/27/2011 - 14:25



Hi I have 2 loan both online.
One click cash $300
US Fast Cash $350
I got a phne call saying some type of fraud action was going to be taken againsdt my social security number. They also threatened to take matters to my local sheriff county.m can someonle pleas help. I can make a partial payment I don't know if that will help. Also at the time I took out the loans I had my bank account open but I froze it due to having unrecognized charge on there.


Unregistered

Sub: #10 I love in GA and did a pay day loan with cash n advance online tMon, 05/23/2011 - 14:19



I love in GA and did a pay day loan with cash n advance online the rates seem high If I don't pay them back will I go to jail


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