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Debt Consolidation Forums Payday Loan help forums

What can happen if I can't pay back the principal amount?

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Great Plains threatening to sue me since I have refused to pay a penny. I have not paid off the principal amount. Can they do this?

They can only threaten you. But they can't take any action. Reason - they are illegal. Just pay off the principal amount.

Sub: #1 posted on Wed, 06/28/2017 - 00:43

ditchdebt ditchdebt

(Posts: 679 | Credits: )

Great Plains is an illegal lender. You just need to pay the principal amount that you owe.

Sub: #2 posted on Wed, 06/28/2017 - 04:45

sanderspatricia29 sanderspatricia29

(Posts: 960 | Credits: )

Don't be afraid, call them and inform them that you're willing to pay off the principal amount, not more than that.

Sub: #3 posted on Wed, 06/28/2017 - 07:14

Barbara Delinsky Barbara Delinsky

(Posts: 402 | Credits: )

You are obligated to repay only the principal amount in case of an illegal pdl.

Sub: #4 posted on Wed, 07/05/2017 - 05:35

Mabelle Page Mabelle Page

(Posts: 202 | Credits: )

Why wouldn't you pay back the loan? Can you pay an additional $100 each payday to pay down the loan?

Sub: #5 posted on Mon, 07/10/2017 - 21:11

Michael Puttman Michael Puttman

(Posts: 10 | Credits: )

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