I had to close my account becuase someone was stealing money out of my account. I emailed the loan company saying that i would pay them soon as i can but my account was empty i had to close it. i didnt hear nothing from them so i thought it was ok. But today a lawyer called my job! i wasnt there yet but my boss told me. What actually can or cant they do to me?
Can they really do so much over 300 dollars?
no collateral.and know they cant take all of my check. just my disposable icome
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They can file a lawsuit against you for the money, plus legal fees. And if they win, they may be able to get a claim against either your assets (bank account) or your paycheck.
My son is a minor!!! What can I do?
they can sue you, garnish your wages, and if they find your new account, after getting a judgement, they can take any money you put in it.
I consider payday loans LUNACY.
You’re no beter off using them than going to mafia loan shark.
Live within your means.
Is whatever you took the loan for REALLY life & death that you had it NOW instead of on PayDay?
Did you guarentee anything as collateral? I hope you didn’t sign you car title to them. What they can do is default your loan and take whatever you gave as colatteral, even if you only had one payment left. If no colatteral, then they can demand payment in full and you’ll have to pay any penalties you agreed to (read the fine print on your contract). These type loans are a consumer rip off, it is legalised loan sharking. I hope you can get this straightened out. Try again to call them and see if you can work something out. At the least they will want is all your payments made up to date.
They can sue you, but probably won’t for such a small amount. They will harrass the heck out of you though.