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In defaulting on Payday loans is it a mistake to c

Date: Thu, 03/03/2011 - 10:58

Submitted by Clarence Mumma
on Thu, 03/03/2011 - 10:58

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Total Replies: 2


In defaulting on Payday loans is it a mistake to colse the bank account out.. Also my only income is from Social Security and K.P.E.R.S. There are laws protecting these incomes and I want to know the ramifications concerning payday loan default and those income protections.


As long as the payday loan company is illegal in your state, you only have to pay back what you borrowed. You should close your account so that they cannot access your account once they've discovered you've defaulted. No one can touch social security benefits except the states for child support or the federal government.


lrhall41

Submitted by aubrey on Thu, 03/03/2011 - 12:04

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