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Debtconsolidationcare.com - the USA consumer forum

loan question

Date: Sun, 05/10/2009 - 23:36

Submitted by anonymous
on Sun, 05/10/2009 - 23:36

Posts: 202330 Credits: [Donate]

Total Replies: 5


I have a payday loan with payday one on the internet for 500.00. I don't have the money to pay it back. This is my only loan i ever did over the internet. my account was closed due to nsf. Could i get in trouble for not paying this loan at this time.


PayDay One is a Legal licensed lender. They can pursue civil action against your for nonpayment.

Have you defaulted with them yet? If you haven't I suggest you call them and set up a payment arrangement. They have been pretty good with other members here on the forum. Best of luck to you :wink:


lrhall41

Submitted by Cool_Abyss on Mon, 05/11/2009 - 06:09

( Posts: 2936 | Credits: )


It was not my experience that they let you pay back only principal. I found them to be into playing games to rack up additional fees. I have already over paid this loan back in interest. After a week of daily negotiation the best they would agree to is 6 equal bi-weekly payments, they told me that was the best they could offer. In addition they continued to charge me a DAILY fee for each day it has been past my due date and they would'nt even begin to discuss payments with me until after my account was a week past due. So I am paying a significant amount in interest and fees over the principal and thats not including all of the payments I have already made.


lrhall41

Submitted by resqume1 on Wed, 05/13/2009 - 08:18

( Posts: 324 | Credits: )