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I am unable to pay

Date: Fri, 04/06/2007 - 10:19

Submitted by ldamon2000
on Fri, 04/06/2007 - 10:19

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Total Replies: 4


I am unable to pay my Cash America payday loan (in Texas). I have one charge already to my bank for a returned fee. Should I close the bank account?I can not pay since I had lost my job and am not working full time like I had been. I have contacted the company via email about paying 25.00 every two weeks? Is there anything else I can do? What legal actions can be taken in Texas?


Be careful...since storefront pdls almost always follow the payday lending laws in the state they are located, they can take whatever action is allowed by your state for writing a bad check and then closing the acct, if this is applicable. Look up the bad check laws for your state to see what it says before you do anything with your acct.

Also, call the lender or go to the store in person to discuss a payment arrangement, as payment arrangement emails are easily ignored.


lrhall41

Submitted by Tiffany99 on Fri, 04/06/2007 - 11:03

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The loan was for 591.00. Every two weeks payment was about 108.00. I had talked to the bank about closing the account due to emails I had been receiving. There may be the possiblity that from paypay my account information may have gotten out. After that, this week is when I am not hit with the payday loan mess. I will check the bad check laws in Texas.Thanks for any help


lrhall41

Submitted by ldamon2000 on Fri, 04/06/2007 - 11:17

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The most that can happen for not being able to pay the debt is the company will try to sue and get a judgment against you. Before they are able to do this, they must be a legit business listed with the DFI of your state.

Did you get any reply from Cash America after sending the proposal? It will be good if you can send some money along with your proposal. Things look different when they have the check in hand.


lrhall41

Submitted by a_neblat on Fri, 04/06/2007 - 12:48

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