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Can you go to jail if you are unable to pay back a pay day loan?
Wiki User
∙ 13y ago
It all depends on the lendor company that what action they take for defaulters.But you can talk to them anytime about the easy and convinient repayment of your payday loan.I am sure they will understand your problem.
Wiki User
∙ 13y ago
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What if you cant pay back your payday loan?
If you miss the scheduled payment date on a payday loan the interest rate will mount at a rate of 1% per day, there will also be a late payment charge attached to your account. If you are unable to pay the loan within 60 days of the scheduled payment date the loan will be sent to debt collection
What is a same day payday loan?
A same day pay day loan is a loan that you pay back on your next pay day. Its usually not more than what you would make on the next payday either. 'Same day' means that the person can get the loan approved and cash at hand on the same day they apply.
What does the term pay day loan mean?
A pay day loan is a short term loan that you can take out but which must be paid back on your next pay day. It is a very expensive way to borrow money as the fees on this type of loan are very high.
Is it safe to take out same day loans?
There are many times when it is safe to take out a same day loan. you would need to consider your pay back availability and the interest that is associated with a same day loan.
If you have a loan who keeps the title?
The office who loaned you the money keeps the title until you pay the loan back in full. It's kept for security purposes. If you one day refuse to pay the loan back the office who loaned you the money can keep your car to satisfy the loan.
What if you cant pay back your payday loan?
If you miss the scheduled payment date on a payday loan the interest rate will mount at a rate of 1% per day, there will also be a late payment charge attached to your account. If you are unable to pay the loan within 60 days of the scheduled payment date the loan will be sent to debt collection
What is a same day payday loan?
A same day pay day loan is a loan that you pay back on your next pay day. Its usually not more than what you would make on the next payday either. 'Same day' means that the person can get the loan approved and cash at hand on the same day they apply.
What does the term pay day loan mean?
A pay day loan is a short term loan that you can take out but which must be paid back on your next pay day. It is a very expensive way to borrow money as the fees on this type of loan are very high.
Is it safe to take out same day loans?
There are many times when it is safe to take out a same day loan. you would need to consider your pay back availability and the interest that is associated with a same day loan.
If you have a loan who keeps the title?
The office who loaned you the money keeps the title until you pay the loan back in full. It's kept for security purposes. If you one day refuse to pay the loan back the office who loaned you the money can keep your car to satisfy the loan.
If your circumstances change the day after you receive the last disbursement on your loan and you no longer need the full amount of your loan you should?
Give it back ASAP
What kind of civil law suit can be brought against someone for not paying back a pay day loan?
what can be done to anyone that don't pay back a payday loan and a civil charge is brought against them
do you have a loan for people with bad credit?
I need a loan to get a fresh start AND I will pay back a larger interest rate for the assistantance. autorize credit loan If it is for an auto, try Americredit. The interest rate is ridiculous, but you'll probably get the loan. You can get a pay day loan
If you write Ronnie radke in jail will he write back?
on his myspace he says he will and he's writing 7 or 8 letters a day, but you will get one back
Did Rosa parks spend the night in jail?
yes because she didnt get up out of her seat so she stayed in jail. whites ruled back in the day then blacks did. so harsh.
What is the purpose of a payday cash loan?
If there is a few bills that need to be paid that were unexpected or more expensive than budgeted for, a pay day cash loan can be used. This means money will be loaned and then paid back on the next pay day of the customer.
Can a bank foreclose on half a mortgage?
I have a 250,000.00 back loan on a business and there foreclosing for 140,000.00 and wont me to sign to resign a loan that was collateral property put up for the one there foreclosing on me and my father was on the loan and he passed away 30 day ago
