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Can a payday loan company take you to court for nonpayment and bad check in Missouri?

Nicholas Rivera

in Student Loans

1 answer

1 answer

Carlton Burgess on November 28, 2018

no, they can't go to court. you are still responsible for the loan plus late interest plus default charges and nsf in the bank, but in reality it is just an idle threat. What really happens is that it goes to a collection department, who buys the loan from the loan company and they deal with it. could hit your credit hard, but at the same time it is possible that is not dependent on the company. I work in the industry and trust me so many people don't pay us its sickening but we can't do anything about it!!!!

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