I fell into a bad situation and got taken to court by a payday loan company and ordered to pay the full amount plus by 07/21/09. I don’t have the money right now and the manager is not in this week. What will happen to me, will they give me a chance to talk with her first before further action is taken
9 Comments Already
April 26th, 2010 @6:19 pm
Have you ever heard of the mob? They own every Payday Loan in the world. They will at first send a small time guy after you and threaten you then as you continue to not pay the bigger guys will come around and let me tell you these guys are not joke. They will start braking your bones and cutting you until you pay. Or you could just give them the money and not have to worry about the mob coming after your for small amount of cash you borrowed. Good luck in your quest.
April 26th, 2010 @6:57 pm
give them what you can. its got to be somethin though and they cant touch you with and consequences
April 26th, 2010 @7:56 pm
Really its probably not best and it can get you in a lot of debt. But maybe theres no alternative. Its tough.
April 26th, 2010 @8:30 pm
I’d suggest looking in the phone book for a credit counselor. The good ones are free or nearly free. There are also so-called credit counseling companies that take your money and make things worse, so be careful.
Also pay every penny that you can, even if it’s not the full amount. When further action is taken, at least you can show good faith.
April 26th, 2010 @9:19 pm
This is why I always discourage people from getting payday loans. The ethics and morals of these companies are low. They loan money to people and charge high interests rates, questionable charges that don’t make sense and if you get into a financial jam, they kick you when your down.
Take this as a lesson to listen to people like me, when we say that this type of loan is bad for you.
As the person above mentioned maybe call a credit counsellor and get your debts consolidated. Look in your phone book for credit counselling. I must also add that if you do get debt consolidation, it will probably affect your credit.
April 26th, 2010 @9:28 pm
First, they usually take the money right from your checking account, so the only way to protect that is to close the account and open a new one.
Second, the charges will keep accumulating.
Third, they will harass you at home and work to get there money, and they will do this for months or years.
Fourth, if there is an order in place from the courts, it depends on what state you live in. Some states they can attach your wages, other states there is a civil judgment against you and they can try to get your assets. If you have the debt in your name only but you own cars, homes in your wife and your name, they may not be able to get it. Again, it depends on the state you live in.
April 26th, 2010 @9:43 pm
Tom & Jerry visit you with baseball bats! Also since you signed a legal contract, you can be sued for a lot more money ,
April 26th, 2010 @10:41 pm
Failure to pay back a payday loan on time can lead to hefty penalty charges, which for some people can mean getting into a cycle of increasing debt that is hard to break out of. What will typically happen is that if you take out a payday loan and then find that can’t pay it off on the due date, you must inform the loan company in advance and arrange new repayment terms. This is known as refinancing or extending the loan and will lead to a new repayment plan which will include additional fees.
You should have probably thought about this before today (being the 22/7/09, it was due yesterday). If you’ve already been to court over this matter and were ORDERED to pay the full amount by yesterday then you probably will get into more trouble.
What you have to do it keep calm, phone the place you owe the money and try to explain. They may except your reasoning’s and give you another chance, but you have to be prepared to except the fact that they might not be so kind. They have every right to take further action. I’d phone them now, get it done and put your mind at ease.
Good luck
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