I have an outstanding payday loan and they want to take me to
court. I wrote a check for the loan and it bounced and I have paid on the loan since but haven’t been able to pay it off. I really don’t want to go to court rimonabant to buy but they aren’t willing to work with me. Can anyone tell me what happens at that point?
What Happens When You Fail 2 Repay A Payday Loan?
6 Responses to “What Happens When You Fail 2 Repay A Payday Loan?”
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I used to be a manager for Check Into Cash, and depending on when you took the loan out you can not pay for up to two months prior to paying. Since the check bounced, depending on the amount, that is a felony in most states. I would find relatives, anyone to get it paid as prior to going to court.
U get a bunch of NSF’s in ur account, and eventually if you fail to make payment schedule with them, it’ll go to a collection’s agency and it reflects bad on ur credit score.
Pay it, trust me you want to!
If they win a judgement against you, they may be able to garnish your wages.
you go to jail.
They will get a judgement against you and possibley garnish your wages. They will also trash your credit but since the reason you got a payday loan to begin with is probably because you’ve already done that , that part shouldn’t bother you.
You will have to pay them. Generally, the courts will have your check garnished.