Can't Pay What I Agreed To
Date: Wed, 05/09/2012 - 14:52
I sent certified letters to my payday loans agreeing to pay a certain amount each month, however, I cannot pay what I agreed to due to financial hardships. I can pay a lesser amount.
Questions: What can and will they do?
What should I do?
Questions: What can and will they do?
What should I do?
Everything depends on the lender. Who is the lender here?
Everything depends on the lender. Who is the lender here?
If your lenders are licensed in your state, then they can sue yo
If your lenders are licensed in your state, then they can sue you for this reason. But if they are illegal, then they won???t be able to take any legal action against you.
They are legal in my state, Kansas. The companies are: Check-n
They are legal in my state, Kansas.
The companies are:
Check-n-Go
Ace Cash
Advance America
EZ Payday Advance
Star Loan
Could I send them a new letter stating the hardship facts (single mom, daycare is $800/mo, just found mold in my apartment and have to move, student loans, etc.) and agree to half of the initial amount?