Problem with Payday Loan
Date: Mon, 10/18/2010 - 01:42
I had a payday loan taken out about a year ago for 300 dollars. I was paying 75 every 2 weeks for 12 weeks at a time and then having to re-borrow at the end of the loan peroid because I would still owe 280 after that. This has gone on for over a year now and in the mean time my bank closed my account for too many NSF and not being able to pay them back. I had to keep paying the payday loans (which I did) and writing the same checks, never telling them the account closed. Then I recently lost my job and have had a hard time finding work, just barely getting by at times. So I missed a payment by 5 days and they depoisted the check and came back no account. They were nice at first and gave me 8 weeks to pay the loan (4 payments of $75 dollars every 2 weeks). First week I payed 90, second week 60, now its my third week to pay and I have no money. What are my options? Can I go to jail for this? I am in Missouri
debt is a civil matter and not a criminal one. you can't be arre
debt is a civil matter and not a criminal one. you can't be arrested for default. check you state laws , find out if they are legal in your state
Quote:Originally Posted by ebennett81I had a payday loan taken o
Quote:
Originally Posted by ebennett81 I had a payday loan taken out about a year ago for 300 dollars. I was paying 75 every 2 weeks for 12 weeks at a time and then having to re-borrow at the end of the loan peroid because I would still owe 280 after that. This has gone on for over a year now and in the mean time my bank closed my account for too many NSF and not being able to pay them back. I had to keep paying the payday loans (which I did) and writing the same checks, never telling them the account closed. Then I recently lost my job and have had a hard time finding work, just barely getting by at times. So I missed a payment by 5 days and they depoisted the check and came back no account. They were nice at first and gave me 8 weeks to pay the loan (4 payments of $75 dollars every 2 weeks). First week I payed 90, second week 60, now its my third week to pay and I have no money. What are my options? Can I go to jail for this? I am in Missouri |
What is the name of the payday lender that you have this loan out on? How much did you originally borrow and how much have you paid back?
As Lizzie requested, we need more information before we can advi
As Lizzie requested, we need more information before we can advise you;
name of pdl
Internet or store front?
It was a Quik Cash store front, operated by QC Holdings.
It was a Quik Cash store front, operated by QC Holdings.
I have paid back nearly half of the loan. I have two more 75 do
I have paid back nearly half of the loan. I have two more 75 dollar payments to make but I have no money to make the payment at the time being.
you can file a chapter 7 bankrupcy that will take care of all yo
you can file a chapter 7 bankrupcy that will take care of all your debts even payday loans
