What happens if I dont pay back a Payday Advance Loan?

I wrote the check to the payday advance but now Im broke and wont be able to pay it.

I know that it will go to collections. But what happens after that. Will they actually take me to court for $500? Their attorney cost more than that. Will it ever actually become a criminal charge?

What happens if I dont pay back a Payday Advance Loan?

i never paid them back all they will do is harrass you but changing your phone number will take care of that you,ll also have to do something about your bank account because they will keep running your check getting you those bounced check fees i changed banks, but as far as you getting in trouble with the law they don,t want to go there because their interests rates aren,t legal

What happens if I dont pay back a Payday Advance Loan?

Collection tactics for payday loans can be very aggressive. A default on a payday loan involves a worthless check, and some state credit laws allow for triple damages when a bad check is used in a retail transaction. Lenders may also require customers to sign an 閳ユ穾ssignment of Salary and Wages閳?authorizing them to go directly to the borrower閳ユ獨 employer to ask for the amount owed to be deducted from the borrower閳ユ獨 paycheck and paid to the lender.

What happens if I dont pay back a Payday Advance Loan?

i heard if you dont pay them they will break your knees.

What happens if I dont pay back a Payday Advance Loan?

There's probably gonna be some scar tissue!

What happens if I dont pay back a Payday Advance Loan?

Have you tried calling them or visiting them? Sometimes they will give a extension if you have a good reason. I don't think you should try %26quot;not%26quot; paying it. They will just cash your check. Some banks, like mine, might even just pay it and then place your account in the neg. Then they get to add fees for everything so you can never pay that amount off. Good Luck!

What happens if I dont pay back a Payday Advance Loan?

To begin, usually they make you fill out some type of credit application that contains your employment information. If you still are employed, or if they can find out where you are employed, they will more than likely take you to court. Which you will have to pay for their court costs. After they get a judgment in court, they can fill out some paperwork and attach your wages. And trust me your employer will garnish your wages or they are legally responsible to pay the judgment amount!

Note: Call the company and make arrangements to pay, it will cost you less money and will not hinder your credit as bad as a judgment or a collection!

What happens if I dont pay back a Payday Advance Loan?

no name---had the right answer...nothing, I have about 20 of them that were never paid, not by choice but I'm still experiencing hardship and it's been like 3,4 ,5 years. I hear that those places are boarderline illegal because you are not supposed to give anyone a post dated check, so on there part it was never acceptable, and I also hear that their interest rate is past legal limits for them to file lawsuit against you. I wouldn't worry and pay what you can.

What happens if I dont pay back a Payday Advance Loan?

Pay what you owe, then you won't have to worry!

Also, don't borrow from those places under any circumstances. They are a complete ripoff and will only make your problems worse!