What happens if I don't pay the payday loans

I have many internet loans. I live in California. The loan payments are due thursday and I am going to close my bank account before they can debit my account the fees. Is this the best way to handle this? How do I find out in california if the internet companies are legal? Thanks for the help!!!

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Wow, you folks seem to be on the ball about this. I have two internet lenders. They are;
1. 300.00 they have multiple names. It lists as VIP on the echeck...qloot on my phone and DMA Financial, Inc. for email. 90 interest every other week-- nothing toward principle
2. 500.00 from CCS Loan Company. 125 every other week plus 10% toward loan.

The first I've had nearly a year...I just can't get ahead enough to pay them down. the other I've had 3 months. I have lost my job and can't afford to pay them. Number two I am willing to pay the balance in installments, but not at this rate. Number 1 I've just had enough of. Both are in violation of my state law on interest I think (Tennessee). However, my bank is in Alabama. Still they don't seem to be in line with the law there either. All that said, can I stop payment on them?

I live in Texas and just to be clear they can not take you to jail or put you on a hot check list. Also in Texas can they garnish your wages, i thought it was just if it was government like child support, taxes, etc... Not sure just want to know. Thanks

Texas is a non garnishment state. VIP/qloot is not a licensed lender in TX, so read the first page of this thread, there is an outline on how to deal with illegal lenders.

Can you tell me what CCS stands for and if there is a dba name for them, I have never heard of them and upon searching for them in the TX licensee data base they didn't appear to be listed, nor were they listed as a CSO, so, I am wondering if perhaps they go by another name? I just want to be sure before determine if they are legal or not.

Whoops, sorry, CLICK HERE to find out how to deal with illegal lenders.

:p call the bank and tell them you lost your :pcheck book thay will stop everything going to the account and pay them 50 a pay peroid thay will t:pake it

check and go will give you 55 days to take care of it and pay the cor office in ohio call in a payment thay will not lock you up:) you good

go to the lender and tell them thay cut your hours and you cant pay and till them wha you can pay and cut back it will work go to them real and honist:)

thay git your info and thay sell it to people over seas and mexico

hi, i took several pay day loans and paid some of them, but what happens if i just flat out dont pay them,? will they go to collections? whatss the DA have to do with these things? can u do jail time for someting like this?

iM ALOMOST IN THE SAME SITUATATION, I KEEP RECEIVING PHONE CALLS FROM NEW YORK REGARDING THAT THE LOAN COMPANY WHICH I TOOK THE LOAN FILE(CASH CENTRAL" A REPORT AS "ROBERY" NOW, THE PEOPLE ARE TELLING ME THAT i CAN HAVE A "LEGAL MESS" TO HAVE AN ATOURNY OR TALK TO THEM A WAY OUT. THE THING IS THAT I TALK 2 THEM AND I OWE $700 [FONT=RomanS][COLOR=#0000ff]
(THAT INCLUEDS LATE FEES) OUT OF THE 255 THAT i BORROWED. NOW, THEY TOLD ME THAT I HAD AN OPTION WAS EITHER I PAY 300 NOW AND THE REST ON IN 4 DAYS OR I PAY THE LOAN SUMP OF 500 AND THEY WILL DISCOUNT 150 OFF. AND PUT A HOLD ON MY "CASE" ON "HOLD"
O TOLD THEM THAT I DIDNT HAD $ N IF I HAD I WOULD PAY OFF THE 300. SO THEY ASK 4 MY INFORMATION (CARD NUMBER, BIRTH, N SOCIAL NUM) N TOLD ME TO FAX THEM A LETTER ADDRESSING TO "OFFICER GREEN" SAYING WAT IM PAYING NOW AND WHAT I HAVE TO PAY THE REST ON A CERTAIN DATE & A COPY OF MY SSN OR i.d. sO THATS WHAT I DID, THE THING IS THAT THEY SOUND OR ARE ARABIANS. AND SOUND THAT THEY ARE THE SAME PERSON AFTER I TALK TO A "DIFFERENT PERSON" NOW THEY BEEN CALLING ME ALOT AT MY WORK SAYING IF I DONT ANSWER OR DISREGARD THIS MESSAGE I WILL HAVE A SERIOUS ILLEGAL PROBLEM. HONESTLY IM SCARED I DIDNT THINK 1ST OF WAT I DID(GAVE MY INFO) WHAT COULD HAPPEN NEXT?? IM JUST 22YRS OLD AND I JUST CANT BELIEVE IM IN THIS SITUATION RIGHT NOW, PLEASE ANY HELP WOULD BE SOOOO BLESS!!!
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Tell the companies you don't have the money and that you want to work out a payment arrangement. They'll get it back three times the amount you owe them if they take you to court. So, I've learned the hard way, that it's much easier to face your problems, it will work out in the end.;)

sorry but an online pdl won't do that.maybe a storefront will,but not an internet pdl.if you implying an internet pdl will do that then you are a shill and are lying.

Ok, I have an old loan of 450 that I took out from Ace Cash Express 4 years ago. They just called and threatened to take me to court if I dont pay. What is the worst that can happen if I dont?

Im 19, I have three payday loans out and 3 actual loans out. I cant afford any of them, my bank is negative 500.00 I dont know what to do? should i left the loans go and just pay my bank?

You should pay off the bank so that your account gets positive. After that you should check out if payday loans are legal in your state. If they are illegal, then you need to pay off the principal balance only. If you're unable to pay the principal balance, then you may take the help of payday loan consolidation.

Please help me. I live in North carolina. I have 8 payday loans. they are Great sky cash borrow 600.00 have pay 190.00/ united cashloans-borrow 350.00 owe 2.90/500 fastcash borrow 350.00/dgrgroup borrow 200.00/fastcash borrow 350.00 owe 590.00/paydaymax borrow 300.00 owe 208.00/the one that is very rude that i try to pymt arrangements id advancenenow- Get this i borrrow 400.00 I have pay finance charge of 180.00 x 5 pymts and 2 payments of 186.25 and just made a 200.00 payment and still harassing me saying i still owe 478.00 and that i better pay it. Iam scare. I do not have the funds and wondering what they can do. I am going out of work on may 10th for back surgery therefore i will be out of work for 8 weeks. any suggestions?

I am on a fixed income and receive social security disibility and I:cry::cry: have got way over my head with
several check casing places. 200. here and 300 there with thirty dollar fees on each. Now what can I do to get out of this and what can they do to me if i can't pay back.

i have $ different payday loans all totaling about 1400 i cant payback due to inccome decrease all are on line i know one is seaside how can i get out of this im tired of the threats of sewing me and takeing me to court serving papaers at my job or at home please help

i meant 4 different loan companies on line

What state do you live in? If you live in a state, where payday lending is illegal, you can simply pay off the principal amount to them and get rid of the debts.

I love in GA and did a pay day loan with cash n advance online the rates seem high If I don't pay them back will I go to jail

Hi I have 2 loan both online.
One click cash $300
US Fast Cash $350
I got a phne call saying some type of fraud action was going to be taken againsdt my social security number. They also threatened to take matters to my local sheriff county.m can someonle pleas help. I can make a partial payment I don't know if that will help. Also at the time I took out the loans I had my bank account open but I froze it due to having unrecognized charge on there.

well seeing as both loans are d/b/a's of MTE and totally illegal not only do only owe the principle,but they can't have you arrested.also anything they say don't believe as again totally illegal,and can't/won't do anything they threaten.file AG complaints against both illegals.then ignore them.since they want to break the law with threats then they get jack.

This really depends on what state you live in. But the majority of them have a law that restrict them from even "threatening" you about criminal charges brought against you. Check into as they may be threatening you illegally and probably are because they will do anything and say whatever to scare you into paying up.

Hi yes I have a few like 5 loans all of them are internet loans. One is Zip19, Multiloan, One Click Cash, ameriloan and Peppercah. I have been trying to pay and got sick with colon and breast cancer and then I had my father and step mom killed in an car accident. So i fell way behind. Is there anyway they can take you to court and garnish your wages, You and your spouses wges as well

My thoughts are that IF it is an unlicensed payday loan lender, the loans are illegal loans. I would contact the Attorney's General Office to make sure, tell them you just found out that the payday loan agents you've received loans from are not licensed in the state, that you are concerned with fraud, and ask them what you should do. I don't want to say "don't pay them," without you being sure this is a recommended course of action. Second option is to use this information to negotiate a settlement.

Loans are a civil matter. Effect credit score yes. Go to jail, no. You only go to jail for criminal offenses, unless I missed something in law school.

if the lender is illegal they can't report on your credit.if they do then it can be easily disputed off.it worked for me and others.so since this thread is mostly about illegal online lenders they can't legally report on your CR.

I have two loans. One is Cashnet USA for $1250 and other is an installment loan with Check N Go for $2100. Both are online loans. I am in Ohio. I am over my head with this installment loan. Help me please! What are my options. I am willing to pay the money owed, just the interest is going to kill me. Lesson learned. I receive SSDI from my past employment.

You all need to re-read your loan agreements if your unsure about what might happen vs what will happen.

Short term lenders such as Advance AMerica, Check into Cash want to keep all loans and issues regarding those loans behind the doors as much as possiable. In your loan contarct you can read that the company whats to keep an agreement that neither party or parties will sew or file a claim. They have all attentions to keep this rapped up behind closed doors between you and them.

My experiances is that honesty is better than just no conatct at all. I explained my issues and they explained what they must do as well. They will attepmt to cash the check in your account in which will have fee's

After that they will help you by getting the check paid off in full as soon as possiable. They would like for you to have it paid off in 4 or fewer payments.

If you haven't before another option is go in before your due date and request a payment agreement. This will set up up on a payment plan but will help avoid all the fee's.

To do that you must do it only one every 7 loan terms. that means if your on your 3rd loan term you have to wait tell you borrow 4 more times and wait the required 7 day waiting period then you can reborrow and do another payment agreement.

On the payment agreement I would wait tell you really need it. |I mean if you can pay it off then do so.