What happens if I don't pay the payday loans

may i make a suggestion? this thread is really confusing. everyone who needs help should start a new thread and provide us with the following information:

List the companies you have the loans with and whether it is a store front operation or an internet operation.


List the original amount of the loan for each account


List what you have paid so far for each loan.


List what state you currently reside in.

I have gotten this from a sticky on the main page.. it will make us more helpful because every state has different laws and there is no general advice for payday loans.

I lost my job and I can't pay back 3 payday loans 575 each cause of Christmas. What would happen if I can't pay back the loans in
Colorado? And is there a way out of it with out going to jail?

Hi Jared,

What are the names of the companies?
Are the internet or storefront?
How much have you paid back including any fee's?

I will post the law's for Colorado in a moment...

I have loans for 3 store fronts.
EZ Money
America Advance
Quik Cach

You will not go to jail, there are no prisons for people in debt. If that were the case we would all be there. You are in terriffic hands here with Dawnlango7 she will help you every step of the way. Hang in there.

I forgot
EZ Money 464 to payback
America Advance 575
Quik Cash 575

My biggest question will this screw me getting into the Army.

Hi Jared,

I'm not very good with store fronts, I've never had to deal with one. The will be legal in Colorado and I believe that you can set up a payment arrangement with them. I'm not sure if you have to default first or not...

I am going to email another member who has experience with storefronts and see if she can help.

Jared, I am no expert but I do not believe payday loan debt will make the army turn you away. I think the military is very much aware how these loans can hurt people, thats why all the new laws were put into place for military families in regards to PDL's.

I do not show any of your store fronts as members of CFSA but that does not mean they don't offer an EPP.

An EPP is an extended payment plan that allows you to pay off the original loan with four equal payments over four paydays.

Here is more information about EPP.


As I said they are not a member of CFSA but they may still offer one. You need to contact them before you default and ask if they have this option. They may not offer it over four paydays but some will offer it over two or three.

I had not heard of the military turning anyone away due to debt, but kfstaff24 may have more information on that. The main thing is that once you go "active", you fall into a different class of borrower. The Defense Bill signed a few years ago prohibits any lender from charging more than 36% apr on credit/loans. Due to this, most lenders handle military personell differently by not approving a loan and some will even postpone repayment until the active status changes. Call the lenders and explain your situation. You will have different options, but less chioces for borrowing when you are active. As stated in other threads, a legal lender will be more conscious of the situation than an illegal lender due to the lack of anonymity and licensing requirements in your particular state.

anyone ever deal wit 1000 cash over nite .com

This is for Jared92251 if you're still having problems. Storefronts are legal in Colorado. I'll post the state law for you. However, I noticed your storefronts are American Advance (could this be Advance America?) and Quik Cash and EZ Money. If indeed it is Advance America, they are a member of the CFSA and Quik Cash is a member of the CFSA (they go by QC Financial). If you haven't already defaulted, you can go to those 2 storefronts and invoke the EPP with them. I'm not showing EZ Money as a member though. However, on another note, in Kentucky (I'm not sure about Colorado), you have to sign something regarding if you're in the military or not. There's something about not lending to military people, so that might help you regarding that problem. I'm not sure. Just my two cents thrown in here!

You will find the Payday loan laws for Colorado here (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

I HAVE A LOAN WITH CASH STORE FOR 1500 NOT INCLUDING FEES WHT CAN THEY DO TO ME TAKE ME TO JAIL PUT ITY ON MY CREDIT OR WHAT