Quick Cash Advance Loans
I have a payday loan & i am unable 2 pay what happens if i do not extend & pay it when i have the full amount.?
I have closed my bank account & the payday advance place has a check w/ my name on it.. If i decide not to extend my loan & just wait until i have the full amount and pay it in full when i can will i get in trouble with the law. speedy cash is the loan place & i still have an account with the same bank but i had to close my old acc fo fraud. do u guys think the loan place will take me to court or take action if i dont extend or pay quick.. i only need 2 weeks but w/ out having to pay an extension fee every 2 weeks to get the mon together
Payday loan companies may operate in all states, but they are not legal in all states. See the link below to the “Payday Loan Consumer Information” page to learn more about your rights in the collection process.
Review your rights under your state’s laws. Armed with the knowledge of your rights in your state, create a game plan to repay the loan, which it sounds like you are starting to do. Learn more about how to negotiate the debt (see the link below).
Contact the creditor and inform them of your plan. Don’t be bullied. Stick to your plan. Do not believe legal advice from collection agents. The legal advice they give is usually incomplete or wrong, and is always self-serving.
Remember that no one has been imprisoned for debt since the Civil War. Threats that you will be arrested for failing to repay a payday loan are empty, and are designed to frighten you into paying immediately.