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Subjects>Law & Government>United States Government

What legal action can be taken with a defaulted payday loan?

Anonymous

∙ 16y ago

Updated: 11/7/2022

The lender can sue for the amount of the loan (including interest and late fees), and any legal fees (such as court filing fees and attorney's fees). They COULD garnish wages and repo any collateral used to "get" the loan.

Wiki User

∙ 16y ago

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