Can a Pay Day Loan Company Do Anything To Me?

Please post the name of the company and the state you live in.

The majority of us here do not advocate taking out a payday loan and not paying at least the principal back. You borrowed the money in good faith, used it, and should repay it. However, it is a personal choice whether you do that or not - but if the company is licensed to do business in your state, they could quite possibly pursue you legally for repayment. This could include everything from a judgement against you (bad news for your credit score) to garnishment of your wages.

Again, whether you repay or not is a personal choice - but please be aware there may be serious consequences if you choose not to repay a loan taken from a licensed lender.

Even if the company is not legally licensed, if they can prove you took out the loan with the intent to defraud them they could bring charges against you. Just because a company isn't licensed doesn't mitigate the criminal actions of the borrower.

thanks goudah! :-)

Can I also say that taking out a payday loan to gamble with is not such a great idea? It's one thing to feed your kids or save your house, but to bet on a football game? Assuming this is football, I'm not into sports so I don't know . . . .

goudah. . I am assuming it is Basketball, probably just recently during March Madness. I concur, borring money for gambling is insane. Is this even a legit post?

sorry bout that goudah. . . it was me. . . when I sign on I always see my Welcome thing so I just assume I am signed in. . . .not!

Yeah, I just guessed football . . . . Frankly, I don't even know the seasons of sports very well! :D Thanks!

I tried to be as diplomatic as possible in my reply, but I have to admit, that one had me going :shock: :shock: