What happens if I don't pay the payday loans

after reading all these post,i wonder why pdls are even legal,they claim they are their to help us but they have to know its a trap,i currently have 6 pdls myself and its a nightmare,i feel the only way out for me is chp 13 bankruptcy

rydermack -

Please start a thread regarding your PDL's and provide the following info - Chapter 13 may not be the way to deal with this.

Start another thread of your own and list the following, and one (or more) of us will provide you with some info:

• State you live in
  Whether your PDL's are internet or store-front based
  How much you've borrowed from each one
  How much you've repaid each one (including interest/penalties)

I am from Michigan.

I have 2 loans from Advanced America for $500 each. (Total of $1000) Last Monday, I went in and paid the minimum to start a payment plan on both loans, which is $15. In a week, I'm due to come in and start the first of 3 payments for each loan.

I also have one loan of $600 from First Bank of Delaware online. With interest, I owe over $1100. I've only made 1 payment thus far of $97.00.


I've ran into some financial trouble and have to come up with a good deal of money to repair my car... which is the only way I can get to work and make money. I'm on my own, and have no help from friends or family.

How do I approach them about not being able to pay in a week?

Should I close my checking account?

What can I do so they won't call my references or my work?

Any laws in Michigan I should be aware of? Rights?




I need help. I'm contantly loaning and reloaning, it's making my head spin. I'm so stressed with my life revolving around these PDLs. I want to pay them off, but it would have to be monthly and smaller payments.


Any help, please?!?

First Bank of Delaware is an installement loan so the payday loan laws do not apply to them

Ia m surprised you have two loans with the same store front. I did not think that was allowed.

Can you make any of the payments?

If not then you will default. You can either place a stop payment on the checks and a ACH block for FBoD or you can close the account.

Criminal action is prohibited but they could sue you in civil court.

How did they lend you 2 loans

I'm wondering the same thing. Michigan has laws against the number of loans you can have out at one time - especially from the same lender.

At one point, I lost my job and could not afford to pay off my PDL. So, the advised me to go to another store and take out another loan. I've been doing that for well over a year. The lady said that Michigan law allows you to take out two PDLs.


Anyone know what I can do about Advanced America? If I'm already in a payment plan and can't pay, are they willing to work with me then?

If I close my bank account, will that get me in trouble?

You will not get in trouble. Debt is a civil matter not a criminal one.

I would advice you if you don't close your account then place a stop payment on the checks.

I defaulted on a loan with them once and they made arrangements. I was paying then out of nowhere they decided to deposit the check I wrote them which resulted in clearing out my checking account.

They did refund the money I had already paid but I was still in bad shape. Do not trust them to keep their promise on arrangements.

Do as nohiogal advised on closing your account. They are Legal but they can be sneaky at times

Should I just not show up on Monday?

Or should I call before hand, explain to them the situation and wait til they take the matter their way?

I will close my checking account for sure before hand.


Will they just start calling me? Any word of if they use a collection company?

You can call and explain the situation but I would secure your account first.

Maybe they will make some further arragements, it is worth a try. But don't be surprised if they still try and run those checks through.

It will stay in house collections for a while but I would advice you to try and pay them as soon as you can. They are legal and could sue you in civil court.

No. I agree with nohiogal, you should stay in contact with them and explain your situation.

I borrowed 350.00 from these people now they say i owe 5000.00 and they want to take me to court my summons should be here tomorrow what should i do i am so scared?

Are you refering to Advance America the storefront lender?

If so then you will have to answer the summons and appear in civil court. Have you made any previous attempts to repay the loan in the past?

no the aaa payday loan

I have never heard of AAA Payday loan. Is this an Internet loan or storefront??

$5000 on a $350 loan sounds like bogus to me