If you have several payday loans and you close your account can’t they send a attorney to bring you to court
I have several payday loans. Its not that I don’t want to pay them, but I am getting behind on my other bills I want to know if there is someone or someplace I can go to so that I can consolidate these into one bill and cut down on the interest.
They were there when I needed them I just want a easy solution and not a broke one.
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- What happens if I close my checking account with my payday loans due?
- If I am unable to pay off several payday loans when due can I send them a little money at a time to pay them ?
- How do I pay off these payday loans while still leaving me enough money to pay for all of my other expenses?
You will need a debt consolidtor that specializes in payday loans. They will probably need some collateral to secure the consolidation.
As far as closing your account, depending on what state you are in, you have left yourself open to bad check charges, ( I mean charges brought against you in a court of law) and the punitive damages thereof.
Depending on your contracts you are also open to direct garnishment of wages by the lender, or court ordered garnishment.
The longer you wait to work on a fix the worse the situation will become (and interest!!).
Good Luck
You’ve made yourself a bad credit risk. Unfortunately for you, your terrible handling of money will make it all but impossible for you to get any kind loan. I suggest you downsize your lifestyle and pay off your debts. There are no "easy" solutions for the mess you’ve put yourself into.
An attorney will not be sent to you. A sheriff’s deputy may be.
They can take you to court, but they will contact you to try and work things out first. They WILL NOT arrest you – there aren’t any debtor’s prisons in the U.S.
You have to prioritize your bills, and pay the important ones first. If they do end up taking you to court – do not miss the court date. It’s only small claims court, and if they won’t make payment arrangements for you, the judge will.
And wages can not be garnished without a court order.