What happens if I don't pay the payday loans

it was an internet loan and i dont know what to do they wanted me to pay 369.00 a month but i cannot afford to pay that much and they wont work with me they are very rude

Dont pay them a DIME!

What state are you in?

ky

ALL internet PDLs are illegal and prohibited in KY. Tell them to go pound sand.

I highly doubt they are licensed. What you will need to due is check with your state Dept of Financial Institutions to see if this company is licensed.

If they are not licensed then all you owe them is the principal balance borrowed, nothing more! So tell them to shove that $5000

You can read HERE to find out what steps to take on dealing with Illegal lenders.

it went to a collections agency called West New York Capital Inc and they are the ones taking me to court where can i find the info where it says that all internet pdls are illegal in ky?

thank you so much

LOL they will not be taking you anywhere. If the loan is Illegal so is the debt and the CA trying to collect on it. I would send a debt validation to the CA and await their response.

As stated above all internet loans in KY is ILLEGAL period. Did they send you a court summons claimimg to take you to court or did they verbally threaten to serve you?

They are blowing smoke. If they were really suing you would get official papers from the court. Not from some idiot threating it over the phone.

From here. That is the link to the KY finance website.

It says...

Tell them to shove it or better yet hang up and do not even speak with them. The loan was illegal so the collection on that loan is as well.

they are threathning

Threats is all these clowns have. IGNORE IGNORE IGNORE! According to your state laws the loan is null and void.

So they cannot do a thing to you but run their trap

Like I said you are morally obligated to repay the principal but on your terms not theirs

THANK YOU SO MUCH YOU JUST SAVED ME FROM HAVING A HEART ATTACK, AND WHEN HE CALLED HE SAID HE WILL CALL MY SUPERVISOR SO WHAT SHOULD I DO NOT CALL THEM AND TELL THEM OR JUST IGNORE THEM

Pretty much. Tell them your are a possible victim of fraud. These clowns will cease at nothing to get your money

THANK YOU SO MUCH I AM ON THE PHONE WITH THEM NOW

I think Cool Abyss meant tell your supervisor you are a victim of fraud not the CA..lol

Or maybe I misunderstood

THEY TOLD ME NEVER TO CALL THEIR OFFICE UNLESS MY ATTORNEY CALLS AND THEN THEY ASKED ME HOW I BORROWED MONEY IF IT WAS ILLEGAL?

oh uh..

I was refering to your supervisors mkorlat