What happens if I don't pay the payday loans

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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




Are they internet based lenders or a store front lender where you used a check to get the loan?

Sub: #1 posted on Sat, 06/24/2006 - 15:13

polly polly

(Posts: 1709 | Credits: 253.2)

I have one with Advance America, one with a checking cash place called Ace and the third i dont know the name off hand. I just wish I could pay them in payments instead of 400 a month and I never finish. Because of this I am now following behind on other payments any advice I thank you

Sub: #2 posted on Sat, 06/24/2006 - 15:18

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Sub: #3 posted on Sat, 06/24/2006 - 15:27

polly polly

(Posts: 1709 | Credits: 253.2)

Hi Denise,

I understand your situation. Don't fall behind in your utility payments, rent, food etc. You need to talk to your lenders and make them aware about your financial problems. Arrange some payment plans and stick to it. If you are unable to do it on your own, talk to a debt counselor for taking care of these accounts. He will negotiate with your lenders favorable for you. You can do a free sign up in this website and talk to a consultant for help.

Sub: #4 posted on Sat, 06/24/2006 - 15:27

Gretchin Gretchin

(Posts: 481 | Credits: 85.48)

http://info.sos.state .tx.us/pls/pub/readtac$ext.TacPage?sl=R&app=9&p_dir=&p_r loc=&p_tloc=&p_ploc=&pg=1&p_tac=&ti=7&pt=1&c h=1&rl=605

Sub: #5 posted on Sat, 06/24/2006 - 15:30

polly polly

(Posts: 1709 | Credits: 253.2)

So, no you won't go to jail. I guess just ask them if you can set up a payment arrangement.

Sub: #6 posted on Sat, 06/24/2006 - 15:32

polly polly

(Posts: 1709 | Credits: 253.2)

I will do so. As a matter of fact I will do that Monday afternoon. Should I notify my bank that there will be a total of 3 returned checks? I am so thankful that I was on the net and I came across the web sight.

Sub: #7 posted on Sat, 06/24/2006 - 15:38

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They may not cash your checks. You will have to wait and see what they will work out with you.

Sub: #8 posted on Sat, 06/24/2006 - 15:53

polly polly

(Posts: 1709 | Credits: 253.2)

If you can explain the situation to your bank, they will be cautious before the checks get returned. Don't tense yourself over going to the jail. Legally, this is not possible. If the debt is legitimate, the company will try to file a case against you and recover the money through garnishment. It must be governed under the state laws. Try to talk to your lenders and assure your payments if some extensions can be arranged.

Sub: #9 posted on Sat, 06/24/2006 - 15:54

andyyoung andyyoung

(Posts: 451 | Credits: 65.32)

Denise---Can you stop payment on your checks or automatic debits or withdrawals?

Sub: #10 posted on Sat, 06/24/2006 - 17:03

Lorri Lorri
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(Posts: 1722 | Credits: 224.66)

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