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default on payday loan in Arkansas - Bentonville

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What happens if you default on a payday loan if you live in Arkansas ( Bentonville ). I currently have two payday loans. One for $300.00 to Advance Me Today and the other is for $400.00 with United Cash Loans. I lost my job and be unable to make payments and had to close my bank account due to not having any income. So what will happen since I have defaulted?




I did make payments towards the loans before I lost my job. I paid $360.00 in payments towards the $400.00 loan and $180.00 towards the $300.00 loan

Sub: #1 posted on Thu, 10/18/2012 - 09:34

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Both lenders are illegal so you only have to repay the principal. You owe $40 and $120 only and you can pay it back on your time. Legally, you're not required to pay them anything.

Follow the steps in my signature link.

Sub: #2 posted on Thu, 10/18/2012 - 09:42

OhioGal1 OhioGal1
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