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What happens when you default on payday loans?

Credit
jimbo asked:


I am in a cycle of payday loans which leaves me with almost nothing to live on. Am considering defalt next month and will try to work out a repayment schedule. What kind of response can I expect from those companies? Has anyone had experience in this area?

Dana
5 Comments

If you have several payday loans and you close your account can’t they send a attorney to bring you to court

Personal Finance
Raye asked:


I have several payday loans. Its not that I don’t want to pay them, but I am getting behind on my other bills I want to know if there is someone or someplace I can go to so that I can consolidate these into one bill and cut down on the interest.
They were there when I needed them I just want a easy solution and not a broke one.

Florence
4 Comments

How can I start a small Credit Card Company?

Small Business
saborguerito asked:


I am curious to know how much start up money would be needed to start a small Credit Card Company. I am interested in extending credit with Secured Credit Cards with low limits for individuals looking to establish or re-establish credit by a secured credit card. Also I have thought about prepaid debit cards for those in chexsystems and cannot get conventional checking accounts.

Any help?
What I mean is not to broker, but to be able to start a very small company directly.

Jacqueline

1 Comment

Does anyone know what the laws on payday loans in Utah are? What are the consumers rights?

Law & Ethics
stephanieplum4404 asked:


I recently went back to school and got some payday loans to help buy books and things now I am in a pickle and am wondering if I have any rights as the consumer…HELP

Jean
1 Comment

I am having 4 credit cards and done the balance transfer. Can i apply one more credit Card?

Credit
man asked:


I am having 4 credit cards and done the balance transfer. Now I need to pay one of credit before April. I want to apply one more credit card to do that. It is possible to apply one more credit card. Which is the best credit that gives me higher credit limit? When can I apply the credit card?

Dolores
1 Comment

What is the quickest way to payoff payday loans?

Personal Finance
tuckersmom asked:


Other than not taking them out in the first place, what can I do to pay off some payday loans that I did when we hit a money slump…We are slowly getting back on tract otherwise (budgeting mortgage payments weekly, working with debt consolidation) but now these are hanging over our heads!

Marcia
6 Comments

Is debt consolidation a scam? I’m at the end of my rope?

Credit
Sarah asked:


I got laid off two months ago and have been working odd jobs since. I have student loans, a car payment, rent, phone and credit cards and I pay what I can but I am being hounded with 20 calls a day. I’m a good person. I am so scared. Should I consolidate my debt :(. Or just bankruptcy since I am 24

Ruby
6 Comments

Are there any payday loans or emergency loan companies that will help people in the Military Reserves?

Personal Finance
Dawn L asked:


We are desperately waiting for a re-enlistment bonus we are expecting but in the meantime need a quick loan to get us by for somethings that have come up. Payday loans dont seem to help those in the military anymore and I know payday loans are not a good idea but we also know we will only use this until the bonus comes thru . Anyone know where we can get a quick guaranteed loan for personnel in the reserves?

Joe
5 Comments

Is there a type of debt consolidation for payday loans?

Credit
zozosammy asked:


I’ve met with a lawyer to start to file for bankruptcy. The two main components of my debt are a car repo, which for some reason I still owe around $6000, and some payday loans, which I owe around $3000. I’m trying to find a way around bankruptcy, if any, does anyone have any ideas?

Gene
3 Comments

Where do I need to go to find help with consolidating payday loans?

Personal Finance
Karrie M asked:


I have taken out too many payday loans and now I am having problems paying them all back and paying my bills at the same time. I am now late on most of my bill because of the payday loans…..please help!!!

Chris
4 Comments
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