Hi
I owe like 5 payday advance companys and just have no way of making payments right now, I received a letter from one of them saying there giving me a” notice of intent to pursue civil collection efforts” what does that mean? Does it mean there gonna send my debt to a collection agency or will they sue me? I live in California if that makes a difference….. Please advice from people who have been in my shoes before….
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Of course if you don’t pay what you owe you can be sued.
Both!
it may even be worse than you think if you have 5 not only can the sue you but you just may be arrested for fraud
They can only do, with what you fear the most!
have no fear = nothing!
have fear they got ya!
I knew a guy who made it a hobby ripping this rippers off!
and then would just move to another town!
and he’s still going I’m sure!
It means they want to take you to court to get a judgement against you. With that, they will be able to report you to credit bureaus and mess up your credit score. They will also be able to garnish your wages to get paid back. If they garnish your wages that means they get paid before you do, so you won’t be able to say you “just have no way of making payments right now”.
You need to pay it off so find a way. There is always a way. Borrow from family or boyfriend. Get a second job. Get a credit union loan. Ask your employer for some overtime hours. Return some stuff to the store you didn’t use to get refunds. Sell stuff you don’t need anymore, including your car if you can take a bus or carpool to work. Ask your utility companies to give you an extension so you can pay them in a couple of weeks. Cancel your cell phone and cable and internet, so you save on those bills.
These companies are predators, and hope to find people who fall into their clutches and “roll over” loans so they get ever bigger fees. Once you can break their cycle, you will be much better off.
Yes, but they can also prosecute you for passing a bad check.