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

By: Steve C

Steve C — Wed, 05 Nov 2008 19:39:34 +0000

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!

By: KC Girl

KC Girl — Wed, 05 Nov 2008 11:49:13 +0000

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.

By: Amy

Amy — Tue, 04 Nov 2008 09:16:16 +0000

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!

By: tiggermom45324

tiggermom45324 — Sun, 02 Nov 2008 01:38:29 +0000

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 “not” 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!

By: old man

old man — Fri, 31 Oct 2008 14:27:13 +0000

There’s probably gonna be some scar tissue!

By: no name

no name — Thu, 30 Oct 2008 18:19:46 +0000

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

By: juileeee

juileeee — Mon, 27 Oct 2008 14:36:26 +0000

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

By: Lori K

Lori K — Fri, 24 Oct 2008 13:47:13 +0000

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 “Assignment of Salary and Wages” authorizing them to go directly to the borrower’s employer to ask for the amount owed to be deducted from the borrower’s paycheck and paid to the lender.